Fire Resistance Cable Market Analysis-2030
The fire resistance cable market size was valued at $1.8 billion in 2020, and is projected to reach $2.5 billion by 2030, at a CAGR of 3.5% from 2021 to 2030. Fire-resistance cables, also known as circuit integrity (CI) cables, are defined as cable that is capable of maintaining circuit integrity for a specified period during a fire. These cables normally have a solid conductor and a soft jacket. When these cables are exposed to high temperatures, the soft and flexible insulating material alters and transforms into a fire-resistance insulator, protecting the conductors. These cables are meant to give power and auxiliary control to fire alarm, voice alarm, and emergency lighting systems.
The global fire resistance cable market has been driven by rise in demand for fire-resistance cables from the building and construction sector, increased safety and security laws across regions, and increased electricity generation. Grid maintenance, infrastructure replacement, overhead line conversion to underground lines, and the expansion of rail networks around the world are expected to fuel the demand for fire- resistance cables in the coming years. Raw material price volatility, on the other hand, acts as a restraint on the worldwide market.
The global fire resistance cable market is segmented on the basis of insulation material, end-use industry, and region. On the basis of insulation material, the fire resistance cable market is divided into ethylene propylene rubber-insulated (EPR), low smoke zero halogen (LSZH), polyvinyl chloride (PVC), cross linked poly ethylene (XLPE) and others. On the basis of end-use industry, the market is classified into automotive & transportation, building & construction, energy, manufacturing, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Fire resistance cable market, by insulation material
By insulation material, the XLPE segment is projected to witness growth at the highest CAGR from 2021 to 2030. High thermal short circuit rating, excellent electrical property maintained under the complete temperature range, resistance to thermal deformation at high temperatures, excellent water resistance and low permeability to water, excellent chemical resistance, high durability, and long operational life are some of the properties fueling the growth of the XLPE insulation material segment.
By Insulation Material
Cross-linked Polyethylene is projected as the most lucrative segment.
Fire resistance cable market, by end-use industry
By end-use industry, the building & construction segment is projected to be the fastest-growing segment in the fire- resistance cable market. Fire- resistance cables can be used for wiring and interconnection purposes in residential and non-residential areas. These cables are easy-to-install, maintain the reliability of electrical circuits, and can withstand high temperatures during fires, thus, ensuring human safety.
By End-use Industry
Building & Construction is projected as the most lucrative segment.
Fire resistance cable market, by region
By region, the Asia-Pacific region is projected to grow at the highest CAGR from 2020 to 2030. Emerging economies in APAC are expected to experience significant demand for fire- resistance cable as a result of the expansion of the end-use industries, due to rapid economic development and urbanization.
By Region
Asia Pacific holds a dominant position in 2020 and would continue to maintain the lead over the forecast period.
Key benefits for stakeholders
- Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the fire resistance cable market for strategy building.
- It outlines the current fire resistance cable market trends and future estimations from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
- The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
- The key drivers, restraints, & fire resistance cable market opportunities and their detailed impact analysis are explained in the study.
- The profiles of key players and their key strategic developments are enlisted in the report.
Impact of COVID-19 on the global fire resistance cable market
Some of the major economies suffering from the COVID-19 crisis include Germany, France, Italy, Spain, the UK, Norway, and others. With the increase in COVID-19 cases, the market is negatively impacting the demand for fire- resistance cables. The fire- resistance cable market observe a significant decline in demand in the first quarter of 2020 and 2021 due to the impact of COVID19 in various end-user industries (mainly construction, manufacturing and energy industries). Fire- resistance cable manufacturers were hit in 2020 by plant closure obligations, social distance standards, and limited activity by local and state authorities. However, the demand for fire-resistance cables has been hampered by pandemics, primarily due to the declining demand for these cables from the construction industry.
Fire Resistance Cable Market Report Highlights
| Aspects | Details |
 By Insulation Material |
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 By End-use Industry |
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 By Region |
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 Key Market Players | NKT Group, TPC Wire & Cable Corp., EL Sewedy Electric Company, Relemac Technologies Pvt. Ltd, Prysmian Group, Furukawa Electric Co., Ltd., Leoni AG, LS Cable & System Limited, Tratos Limited, Nexans S.A. |
Analyst Review
The global fire resistance cable market is anticipated to witness growth during the forecast period, owing to rise in demand from automotive & transportation, building & construction, energy, and manufacturing end- use industry. Cross linked poly ethylene (XLPE) was the leading commodity segment in 2020, with a market share of 41.6%.
Growth in the construction, automotive and transportation industries is expected to be the main driver behind the fire resistance cable market in the Asia-Pacific region. China is the largest consumer of flame-retardant cables in the Asia-Pacific region. The growing manufacturing industry in China has also led to the growth of the fire resistance cable market in China. Increasing demand for fire protection and government regulation is another factor driving the consumption of fire resistance cables in China.
The fire resistant cable market is anticipated to grow in the forecast period owing to improvements in the quality of fire resistant cable coupled with the growing demand for fire resistant cables from the building and construction industry.
The global fire-resistant cable market is growing due to increased demand for these cables for the purpose of making of fire safety equipment and alarm systems.
The report sample for global Fire Resistance Cable market report can be obtained on demand from the website. Also, the 24*7 chat support and direct call services are provided to procure the sample report.
The market players are adopting various growth strategies and also investing in R&D extensively to develop technically advanced unique products which are expected to drive the market size.
Asia-Pacific region will provide more business opportunities for Fire Resistance Cable market in coming years
The top ten market players are selected based on two key attributes - competitive strength and market positioning
End-use industry segment holds the maximum share of the Fire Resistance Cable market
EL Sewedy Electric Company, Furukawa Electric Co., Ltd., Leoni AG, LS Cable & System Limited, Nexans S.A., NKT Group, Prysmian Group are the top players in Fire Resistance Cable market.
Automotive & transportation, building & construction, energy intermediate industry are the potential customers of Fire Resistance Cable industry
The global Fire Resistance Cable market was valued at $ 2.5 Billion in 2030
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