Fire-Resistant Cable Market Forecast | 2023-28

Fire-Resistant Cable Market Insights 

The global fire-resistant cable market is estimated to grow from USD 1.97 billion in 2022 to USD 2.4 billion by 2028 at a CAGR of 3.2% during the forecast period. Fire-resistant cable markets are those cables designed for functioning and maintaining continuous operations in fire conditions. Fire safety regulations of different countries create a push for the usage of fire-resistant cables for various end-use industries. Rapid growth in industrialization and urbanization, increasing awareness regarding fire safety accidents, and regulatory standards of fire safety across regions are fueling the global fire-resistant cable market.

Market Share Analysis

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By Insulation Material Type

The market is segmented as XLPE, PVC, LSZH, EPR, and others. The XLPE segment is estimated to register the highest growth in the coming five years. This growth is attributed to the increasing demand for fire-resistant cables from end-use industries.

By End-Use Industry Type

The market is segmented as building & construction, automotive & transportation, manufacturing, energy, and others. The building & construction segment is expected to lead the market during the forecast period. Rapid urbanization and rising safety standards drive the growth of this segment.

By Region

Asia-Pacific is expected to be the fastest-growing market for fire-resistant cables in the coming five years. China and India are the growth engines of the region. The market is sustained by the rising demand from end-use industries and growing safety standards. North America and Europe are also likely to offer sizeable growth opportunities in the coming five years.

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Fire-Resistant Cable Market: Key Players

Some of the fire-resistant cable manufacturers are-

• Prysmian Group
• Nexans S.A.
• General Cable Corporation
• NKT Group
• Leoni AG
• LS Cable & System Ltd.
• EL Sewedy Electric Company
• Tratos Limited
• Jiangnan Group Limited
• Tele-Fonika Kable SA.

Market Scope & segmentation

Fire-Resistant cable refers to the cable wires that can stay unaffected in the fire for a specific period of time. These wires are, of course, used for the purpose of protection against fire.

Fire-Resistant cable is made up of XLPE, PVC, LSZH, EPR, or any other materials. Building & construction, automotive & transportation, manufacturing, energy, and others are some of the end-use industry types where the fire-resistant cable can be used.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The fire-resistant cable market is segmented into the following categories. 

By Insulation Material Type:

• XLPE 
• PVC 
• LSZH 
• EPR 
• Others 

By End-Use Industry Type:

• Building & Construction 
• Automotive & Transportation 
• Manufacturing 
• Energy 
• Others 

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the end-use industry types by insulation material type. 

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.