Global Fire Resistant Cable Market

Home Chemicals And Materials Global Fire Resistant Cable Market

Fire-Resistant Cable Market- Global Industry Size, Share, Trend Analysis, Growth, Opportunity and Forecast, 2017-2027, Segmented By Insulation Material (Cross-Linked Polyethylene (XLPE), Polyvinyl Chloride (PVC), Low Smoke Zero Halogen (LSZH), Ethylene Propylene Rubber (EPR), and Others); By End-Use Industry (Building & Construction, Automotive & Transportation, Manufacturing, Energy, and Others); By Region (North America, Europe, the Asia-Pacific, Latin America, and the Middle East & Africa)

Published Date: October 2021
Report ID: BWC21126
Available Format: PDF
Page: 202

Report Overview

Global fire-resistant cable market is registering a healthy growth worldwide. The market is likely to grow due to the growing demand for fire-resistant cables in the building and construction, industrial, energy, and automotive industries.

Global Fire-Resistant Cable Market- Industry Trends & Forecast Report 2027

Global fire-resistant cable market was worth USD 1,760.1 million in 2020 and is further projected to reach USD 2,211.5 million by 2027 at a CAGR of 3.4 % during the forecast period (2021-2027). In the coming years, the market for fire-resistant cables is likely to rise significantly due to the increasing demand for fire-resistant cables in the building and construction, industrial, energy, and automotive sectors. In addition, a growing awareness of fire safety, increased industrialization and urbanization, and the adoption of fire safety legislation worldwide have all boosted the demand for fire-resistant cables, thereby driving the growth of the fire resisitant cable market.

Fire Resistant Cable Market

Source: BlueWeave Consulting

Global Fire-Resistant Cable Market Overview

Fire resistance cable is also known as fire-performance cable, or fire-survival cable. Fire-resistant cables continue to operate normally for a specific time after being exposed to prolonged fire. These cables are designed to provide circuit integrity for applications like sprinkler systems, emergency lighting, rescue elevators, alarm horns, and smoke exhaust systems during a fire. Cables of this type have a higher melting point, are more resistant to burning, produce less smoke and toxicity, and produce less acid gas. Further, such cables are constructed with high-quality materials to be suitable for applications with greater mechanical loads and to protect the power supply during a fire.

Global Fire-Resistant Cable Market Trend

Growth Drivers

Rise in Demand for Fire-Resistant Cables for Fire Safety & Protection is Propelling the Market Growth

Fire-resistant cables produce less smoke, are low in toxicity, emit little acid gas, and are resistant to combustion and high temperatures. A fire-resistant cable will safeguard circuit integrity in the event of a fire. Several end-use sectors are seeing an increase in demand for fire-resistant cables in response to the need for public safety against fires. For instance, NKT Group signed service agreements with Elia, 50 Hertz, and Nemo Link in November 2020 to integrate energy into the Belgian, UK, and German power grids. Various end-use sectors require fire-resistant cables for fire protection and safety during fire mishaps or disasters, therefore expanding the market demand for fire-resistant cables.

Restraints

Instability in Raw Materials Prices is Hampering the Growth of the Market

The costs of raw materials and the energy required to manufacture fire-resistant cables are constantly fluctuating. The value chain, which includes procurement and operating costs, is directly affected by the unpredictable prices of these commodities. Manufacturers' profit margins are also affected by sudden fluctuation in prices. Rubber, copper, plastic, and aluminum are among the most common raw materials utilized in manufacturing fire-resistant cables. Variations in the prices of these raw materials are primarily due to the instability of energy and crude oil costs, which are necessary for the manufacturing and transportation of these goods. Raw materials for fire-resistant cables increase in cost when crude oil and energy prices fluctuate. As a result, the cost of these materials affects the cost of fire-resistant cables directly.

Global Fire-Resistant Cable Market Impact of COVID-19

The novel coronavirus has negatively impacted the fire-resistant cable market. Across various end-use industries (mainly construction, manufacturing, and energy), the fire-resistant cable market has seen a huge drop in demand in 2020 and the first quarter of 2021. POSOCO, IEA International Energy Agency Global Energy Review 2020, states that the COVID-19 in India resulted in one of the largest electricity demand drops in the world, with power demand falling by 28% by the end of March 2020. In the days following the emergency lockdown, which began on March 25, 2020, hospitals, critical services, and the residential sector increased their energy consumption, but industrial demand and commercial activity decreased significantly. As the market recovers from the pandemic, the government and various manufacturers are working together to push the market forward.

Global Fire-Resistant Cable Market: By End-Use Industry

Based on the end-use industry, the global fire-resistant cable market is segmented into building & construction, automotive & transportation, manufacturing, energy, and others. The building & construction segment accounted for the largest market share in 2020 and is likely to dominate the segment during the forecast period. The public's growing awareness of building safety has resulted in a rise in demand for fire-resistant cables. In both residential and non-residential environments, fire-resistant cables can be utilized for wiring and connectivity. The cables are easy to install, ensure electrical circuit reliability, and are able to withstand high temperatures during fires, thus ensuring human safety. Furthermore, these cables are used in every commercial and residential facility to distribute electricity. With the surge in construction activity, fire-resistant cables are witnessing high demand.

Fire Resistant Cable Market Share

Source: BlueWeave Consulting

Global Fire-Resistant Cable Market: Regional Insights

Geographically, the global fire-resistant cable market is categorized into North America, Europe, the Asia-Pacific, the Middle East & Africa, and Latin America. Among all the regions, the Asia-Pacific region held the largest share in the fire-resistant cable market in 2020 and is likely to dominate the market during the projection period. A growing population and rapid urbanization have fueled the region's industrial expansion, thereby propelling the fire resistant cable market. The cables are simple to install and preserve the electrical circuits' stability. They can also endure extreme temperatures and fires, ensuring human safety. The demand for fire-resistant cables in APAC countries is fueled by the region's growing construction and automobile industries.

Regional Insights

Source: BlueWeave Consulting

Competitive Landscape

The fire-resistant cable market is moderately consolidated due to the presence of limited domestic and international players. Additionally, the emergence of new players has resulted in healthier competition among long-established service providers in the industry. Some key players in the global fire-Resistant Cable market are Prysmian Group, Nexans S.A., Nkt Group, Leoni Ag, Ls Cable & System Limited, Elsewedy Electric Company, Jiangnan Group Limited, Hitachi Metals Ltd., Furukawa Electric Co., Ltd., Sumitomo Electric Industries, Ltd., Yazaki Corporation, Swcc Showa Cable Systems Co Ltd., Universal Cable (M) Berhad, Tratos Limited, Keystone Cable, Dubai Cable Company (Private) Ltd. , and Other Prominent Players.

Recent Developments

In March 2021, Jiangnan Group announced its plans to import two German concentric stranding machines and install 4 imported cross-linked cable production lines, including 2 production lines for 35kV ultra-high-speed medium-voltage cross-linked cables, 1 production line for 110kV PP cables, and 1 production line for 110kV cross-linked cables.

In October 2020, to ensure the timely reinforcement and expansion of the power grid in central Sweden, NKT Group and Ellevio signed a frame agreement for low and medium-voltage power lines.

Scope of the Report

Attribute	Details
Years Considered	Historical data – 2017-2020 Base Year – 2020 Forecast – 2021 – 2027
Facts Covered	Revenue in USD million
Market Coverage	U.S, Canada, France, Germany, United Kingdom, Rest of the Europe, Japan, China, India, New Zealand, Australia, Rest of the APAC, Brazil, Mexico, Rest of the Latin America, South Africa, Saudi Arabia, UAE, and Rest of MEA.
Product/Service Segmentation	By Insulation Material, By End-Use Industry, and By Region
Key Players	Key Players for the market Some of the key players include Prysmian Group, Nexans S.A., Nkt Group, Leoni Ag, Ls Cable & System Limited, Elsewedy Electric Company, Jiangnan Group Limited, Hitachi Metals Ltd., Furukawa Electric Co., Ltd., Sumitomo Electric Industries, Ltd., Yazaki Corporation, Swcc Showa Cable Systems Co Ltd., Universal Cable (M) Berhad, Tratos Limited, Keystone Cable, Dubai Cable Company (Private) Ltd. , and Other Prominent Players.

By Insulation Material
- - - Cross-Linked Polyethylene (XLPE)
    - Polyvinyl Chloride (PVC)
    - Low Smoke Zero Halogen (LSZH)
    - Ethylene Propylene Rubber (EPR)
    - Others
By End-Use Industry
- - - Building & Construction
    - Automotive & Transportation
    - Manufacturing
    - Energy
    - Others
By Region
- - - North America
    - Europe
    - The Asia-Pacific
    - Latin America
    - The Middle East and Africa

Research Framework
1. Research Objective
2. Product Overview
3. Market Segmentation
Research Methodology
1. Qualitative Research
  1. Primary & Secondary Research
2. Quantitative Research
3. Market Breakdown & Data Triangulation
  1. Primary & Secondary Research Application
  2. Secondary Research
  3. Primary Research
4. Breakdown of Primary Research Respondents, By Region
5. Assumption & Limitation
Executive Summary
Global Fire-Resistant Cable Market Insights
1. Industry Value Chain Analysis
2. DROC Analysis
  1. Growth Drivers
  2. Restraints
  3. Opportunities
  4. Challenges
3. Recent Development/Technological Advancements
4. Regulatory Framework
5. Porter’s Five Forces Analysis
  1. Bargaining Application of Suppliers
  2. Bargaining Application of Buyers
  3. Threat of New Entrants
  4. Threat of Substitutes
  5. Intensity of Rivalry
Global Fire-Resistant Cable Market Overview
1. Market Size & Forecast by Value, 2017-2027
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Insulation Material
    1. Cross-Linked Polyethylene (XLPE)
    2. Polyvinyl Chloride (PVC)
    3. Low Smoke Zero Halogen (LSZH)
    4. Ethylene Propylene Rubber (EPR)
    5. Others
  2. By End-Use Industry
    1. Building & Construction
    2. Automotive & Transportation
    3. Manufacturing
    4. Energy
    5. Others
  3. By Region
    1. North America
    2. Europe
    3. The Asia-Pacific
    4. Latin America
    5. The Middle East and Africa
North America Fire-Resistant Cable Market
1. Market Size & Forecast by Value, 2017-2027
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Insulation Material
  2. By End-Use Industry
  3. By Country
    1. United States
    2. Canada
Europe Fire-Resistant Cable Market
1. Market Size & Forecast by Value, 2017-2027
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Insulation Material
  2. By End-Use Industry
  3. By Country
    1. France
    2. Germany
    3. United Kingdom
    4. Rest of Europe
Asia-Pacific Fire-Resistant Cable Market
1. Market Size & Forecast by Value, 2017-2027
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Insulation Material
  2. By End-Use Industry
  3. By Country
    1. Japan
    2. China
    3. India
    4. New Zealand
    5. Australia
    6. Rest of APAC
Latin America Fire-Resistant Cable Market
1. Market Size & Forecast by Value, 2017-2027
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Insulation Material
  2. By End-Use Industry
  3. By Country
    1. Brazil
    2. Mexico
    3. Rest of Latin America
Middle East & Africa Fire-Resistant Cable Market
1. Market Size & Forecast by Value, 2017-2027
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Insulation Material
  2. By End-Use Industry
  3. By Country
    1. South Africa
    2. Saudi Arabia
    3. UAE
    4. Rest of MEA
Competitive Landscape
1. Company Market Share Analysis, 2020
2. Competitive Benchmarking, By Product Offerings
3. List of Key Players and their Offerings
Impact of COVID-19 across Industry
Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
1. Prysmian Group
2. Nexans S.A.
3. Nkt Group
4. Leoni Ag
5. Ls Cable & System Limited
6. Elsewedy Electric Company
7. Jiangnan Group Limited
8. Hitachi Metals Ltd.
9. Furukawa Electric Co., Ltd.
10. Sumitomo Electric Industries, Ltd.
11. Yazaki Corporation
12. Swcc Showa Cable Systems Co Ltd.
13. Universal Cable (M) Berhad
14. Tratos Limited
15. Keystone Cable
16. Dubai Cable Company (Private) Ltd.
17. Other Prominent Players
Key Strategic Recommendations

*Financial details of unlisted companies will be available as per data availability in final deliverable

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable.

List of Figures

Fig 1: Global Fire-Resistant Cable Segmentation

Fig 2: Global Fire-Resistant Cable Market Value Chain Analysis

Fig 3: Company Market Share Analysis, 2020

Fig 4: Global Fire-Resistant Cable Market Size, By Value (USD Million), 2017-2027

Fig 5: Global Fire-Resistant Cable Market Share, By Insulation Material, By Value, 2017-2027

Fig 6: Global Fire-Resistant Cable Market Share, By End-Use Industry, By Value, 2017-2027

Fig 7: Global Fire-Resistant Cable Market Share, By Region, By Value, 2017-2027

Fig 8: North America Fire-Resistant Cable Market Size, By Value (USD Million), 2017-2027

Fig 9: North America Fire-Resistant Cable Market Share, By Insulation Material, By Value, 2017-2027

Fig 10: North America Fire-Resistant Cable Market Share, By End-Use Industry, By Value, 2017-2027

Fig 11: North America Fire-Resistant Cable Market Share, By Country, By Value, 2017-2027

Fig 12: Europe Fire-Resistant Cable Market Size, By Value (USD Million), 2017-2027

Fig 13: Europe Fire-Resistant Cable Market Share, By Insulation Material, By Value, 2017-2027

Fig 14: Europe Fire-Resistant Cable Market Share, By End-Use Industry, By Value, 2017-2027

Fig 15: Europe Fire-Resistant Cable Market Share, By Country, By Value, 2017-2027

Fig 16: the Asia-Pacific Fire-Resistant Cable Market Size, By Value (USD Million), 2017-2027

Fig 17: the Asia-Pacific Fire-Resistant Cable Market Share, By Insulation Material, By Value, 2017-2027

Fig 18: the Asia-Pacific Fire-Resistant Cable Market Share, By End-Use Industry, By Value, 2017-2027

Fig 19: the Asia-Pacific Fire-Resistant Cable Market Share, By Country, By Value, 2017-2027

Fig 20: Latin America Fire-Resistant Cable Market Size, By Value (USD Million), 2017-2027

Fig 21: Latin America Fire-Resistant Cable Market Share, By Insulation Material, By Value, 2017-2027

Fig 22: Latin America Fire-Resistant Cable Market Share, By End-Use Industry, By Value, 2017-2027

Fig 23: Latin America Fire-Resistant Cable Market Share, By Country, By Value, 2017-2027

Fig 24: The Middle East & Africa Fire-Resistant Cable Market Size, By Value (USD Million), 2017-2027

Fig 25: The Middle East & Africa Fire-Resistant Cable Market Share, By Insulation Material, By Value, 2017-2027

Fig 26: The Middle East & Africa Fire-Resistant Cable Market Share, By End-Use Industry, By Value, 2017-2027

Fig 27: The Middle East & Africa Fire-Resistant Cable Market Share, By Country, By Value, 2017-2027

List of Tables

Table 1: Global Fire-Resistant Cable Size, By Form, By Value, 2017-2027

Table 2: Global Fire-Resistant Cable Market Size, By Insulation Material, By Value, 2017-2027

Table 3: Global Fire-Resistant Cable Market Size, By End-Use Industry, By Value, 2017-2027

Table 4: Global Fire-Resistant Cable Market Size, By Region, By Value, 2017-2027

Table 5: North America Fire-Resistant Cable Market Size, By Insulation Material, By Value, 2017-2027

Table 6: North America Fire-Resistant Cable Market Size, By End-Use Industry, By Value, 2017-2027

Table 7: North America Fire-Resistant Cable Market Size, By Country, By Value, 2017-2027

Table 8: Europe Fire-Resistant Cable Market Size, By Insulation Material, By Value, 2017-2027

Table 9: Europe Fire-Resistant Cable Market Size, By End-Use Industry, By Value, 2017-2027

Table 10: Europe Fire-Resistant Cable Market Size, By Country, By Value, 2017-2027

Table 11: the Asia-Pacific Fire-Resistant Cable Market Size, By Insulation Material, By Value, 2017-2027

Table 12: the Asia-Pacific Fire-Resistant Cable Market Size, By End-Use Industry, By Value, 2017-2027

Table 13: the Asia-Pacific Fire-Resistant Cable Market Size, By Country, By Value, 2017-2027

Table 14: Latin America Fire-Resistant Cable Market Size, By Insulation Material, By Value, 2017-2027

Table 15: Latin America Fire-Resistant Cable Market Size, By End-Use Industry, By Value, 2017-2027

Table 16: Latin America Fire-Resistant Cable Market Size, By Country, By Value, 2017-2027

Table 17: The Middle East & Africa Fire-Resistant Cable Market Size, By Insulation Material, By Value, 2017-2027

Table 18: The Middle East & Africa Fire-Resistant Cable Market Size, By End-Use Industry, By Value, 2017-2027

Table 19: The Middle East & Africa Fire-Resistant Cable Market Size, By Country, By Value, 2017-2027

Table 20: Prysmian Group Business Overview

Table 21: Prysmian Group Financial Analysis

Table 22: Nexans S.A. Business Overview

Table 23: Nexans S.A. Financial Analysis

Table 24: Nkt Group Business Overview

Table 25: Nkt Group Financial Analysis

Table 26: Leoni Ag Business Overview

Table 27: Leoni Ag Financial Analysis

Table 28: Ls Cable & System Limited Business Overview

Table 29: Ls Cable & System Limited Financial Analysis

Table 30: Elsewedy Electric Company Business Overview

Table 31: Elsewedy Electric Company Financial Analysis

Table 32: Jiangnan Group Limited Business Overview

Table 33: Jiangnan Group Limited Financial Analysis

Table 34: Hitachi Metals Ltd. Business Overview

Table 35: Hitachi Metals Ltd. Financial Analysis

Table 36: Furukawa Electric Co., Ltd. Business Overview

Table 37: Furukawa Electric Co., Ltd. Financial Analysis

Table 38: Sumitomo Electric Industries, Ltd. Business Overview

Table 39: Sumitomo Electric Industries, Ltd. Financial Analysis

Table 40: Yazaki Corporation Business Overview

Table 41: Yazaki Corporation Financial Analysis

Table 42: Swcc Showa Cable Systems Co Ltd. Business Overview

Table 43: Swcc Showa Cable Systems Co Ltd. Financial Analysis

Table 44: Universal Cable (M) Berhad Business Overview

Table 45: Universal Cable (M) Berhad Financial Analysis

Table 46: Tratos Limited Business Overview

Table 47: Tratos Limited Financial Analysis

Table 48: Keystone Cable Business Overview

Table 49: Keystone Cable Financial Analysis

Market Segmentation

By Insulation Material
- - - Cross-Linked Polyethylene (XLPE)
    - Polyvinyl Chloride (PVC)
    - Low Smoke Zero Halogen (LSZH)
    - Ethylene Propylene Rubber (EPR)
    - Others
By End-Use Industry
- - - Building & Construction
    - Automotive & Transportation
    - Manufacturing
    - Energy
    - Others
By Region
- - - North America
    - Europe
    - The Asia-Pacific
    - Latin America
    - The Middle East and Africa

No data available

To request a free sample copy of this report, please complete the form below.

We value your investment and offer free customization with every report to fulfil your exact research needs.

Yes, I have read the privacy policy

This website is secure and your personal details are safe.

Frequently Asked Questions (FAQs):

1. What is the current size of the global fire-resistant cable market?

Ans: Global fire-resistant cable market has reached USD 1,760.1 million in 2020.

2. What are the major factors driving the growth of the global fire-resistant cable market?

Ans: Due to the growing demand for fire-resistant cables in the building and construction, industrial, energy, and automotive industries, the market for fire-resistant cables is likely to rise significantly in the future.

3. Who are the key players in the global fire-resistant cable market?

Ans: The key players in the global fire-resistant cable market are Prysmian Group, Nexans S.A., Nkt Group, Leoni Ag, Ls Cable & System Limited, Elsewedy Electric Company, Jiangnan Group Limited, Hitachi Metals Ltd., Furukawa Electric Co., Ltd., Sumitomo Electric Industries, Ltd., Yazaki Corporation, Swcc Showa Cable Systems Co Ltd., Universal Cable (M) Berhad, Tratos Limited, Keystone Cable, Dubai Cable Company (Private) Ltd. , and Other Prominent Players.

4. Based on Insulation Material, which segment accounted for the largest share in the global fire-resistant cable market?

Ans: Based on insulation material, the Cross-Linked Polyethylene (XLPE) segment accounted for the largest share in the global fire-resistant cable market.

5. Which region has accounted for the largest share in the global fire-resistant cable market?

Ans: Asia-Pacific has accounted for the largest share in the global fire-resistant cable market.

PLACE AN ORDER

SINGLE USER LICENSE
$ 4250
GROUP LICENSE
$ 4950
ENTERPRISE LICENSE
$ 5750

Request for Sample

RELATED REPORTS

WHY CHOOSE US

24/7 Research Support

Get your queries resolved from an industry expert. Request for a free product review before report purchase.
Custom Research Service

Ask the Analyst to customize an exclusive study to serve your research needs
Quality & Accuracy

Ask the Analyst to customize an exclusive study to serve your research needs
Data Visualization

As the business world is changing dynamically every day. We need to stay pin point in relation to data management and optimum data utilization
Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.