Global Fire Resistant Cable Market Is Set For Rapid Growth And Is Expected To Reach USD 2,765.14 Million by 2032

29-Feb-2024 | Zion Market Research

Zion Market Research has published a new report titled “Fire Resistant Cable Market By Insulation Material (XLPE, PVC, LSZH, EPR, Others), By End-User (Building & Construction, Automotive & Transportation, Manufacturing, Energy, Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024–2032”. According to the report, the global fire resistant cable market was valued at USD 1976.7 million in 2023 and is expected to reach USD 2,765.14 million by 2032, growing at a CAGR of 3.80% between 2024 and 2032.

Global Fire Resistant Cable Market Size Analysis

Fire resistant cables are mostly preferred in the building and construction industry, due to their low toxic gas emission and smoke, fire resistance, flame retardant properties, long-term circuit integrity during fires, simple and cost-effective installation, and zero halogen gas emissions. The rising utilization of fire resistant cables across various end-user industries is likely to drive this market’s margin in the upcoming years.

Browse the full "Fire Resistant Cable Market By Insulation Material (XLPE, PVC, LSZH, EPR, Others), By End-User (Building & Construction, Automotive & Transportation, Manufacturing, Energy, Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024–2032" Report At https://www.zionmarketresearch.com/report/fire-resistant-cable-market

Global Fire Resistant Cable Market

The rising awareness about fire safety, security, and protection and growing urbanization are expected to drive the fire resistant cable market. Renovation of overhead and underground lines, replacement of old infrastructure, grid maintenance, and development of global rail network are further expected to be the key drivers of the fire resistant cable market. However, fluctuating raw material prices and the availability of lower priced substitutes might hamper this market’s growth. Nonetheless, the manufacturing players are concentrating on innovative products that are anticipated to create new market opportunities.

The insulation material segment of the fire resistant cable market comprises XLPE, PVC, LSZH, EPR, and others. Among these, the XLPE segment is likely to emerge as the most dominant insulation material type. Furthermore, it held a major market share in 2023. By end-user industries, the fire resistant cable market includes automotive and transportation, building and construction, energy, manufacturing, and others. In 2023, the building and construction industry held the largest market share, due to rapid urbanization and the need for fire safety Furthermore, the increasing demand for fire resistant cable in the automotive and transportation, manufacturing, and energy industries is likely to propel the global fire resistant cable market in the years to come.

The Asia Pacific was the largest market for fire resistant cable, due to the increased product demand by the building and construction industries. The Asia Pacific is anticipated to register the rate of the fastest growth in this global market in the future. China and India are major markets for fire resistant cables, due to the rising demand for its usage in automotive and transportation, building and construction, manufacturing, and energy industries. Furthermore, Europe held the second largest share in the market for fire resistant cables followed by North America in 2023. The Middle East and Africa is a potential market for fire resistant cables, due to the growing building and construction industry, which is expected to fuel this market in the forecast time period.

Some of the major players operating in the global fire resistant cable market General Cable Corporation, Prysmian Group, LS Cable & System Ltd., Nexans S.A., Leoni AG, NKT Group, Universal Cable (M) Berhad, Tratos Limited, and EL Sewedy Electric Company, among others.

This report segments the global fire resistant cable market as follows:

Global Fire Resistant Cable Market: Insulation Material Analysis

  • XLPE
  • PVC
  • LSZH
  • EPR
  • Others

Global Fire Resistant Cable Market: End-Use Industry Analysis

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

Global Fire Resistant Cable Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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