The report "Fire Resistant Cable Market by Insulation Material (XLPS, LSZH, PVC, EPR), End-Use Industry (Building & Construction, Automotive & Transportation, Manufacturing, Energy), and Region (APAC, North America, Europe, MEA) - Global Forecast to 2023", The global fire resistant cable market is projected to grow from USD 1.76 Billion in 2018 to USD 2.06 Billion by 2023, at a CAGR of 3.2% from 2018 to 2023.
Key Market Players -
Key players operating in the fire resistant cable market include Prysmian Group (Italy), Nexans S. A. (France), General Cable Corporation (US), NKT Group (Denmark), Leoni AG (Germany), LS Cable & System Ltd. (South Korea), EL Sewedy Electric Company (Egypt), Universal Cable (M) Berhad (Malaysia), and Tratos Limited (UK), among others. These companies focus on investing in capacity expansions to achieve growth in the fire resistant cable market.
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- On the Basis of End-Use Industry:
- Building & Construction
- Automotive & Transportation
- Manufacturing
- Energy
- Others
- On the Basis of Insulation Material:
- XPLE
- LSZH
- PVC
- EPR
- Others
By insulation material, the XLPE segment is estimated to lead the fire resistant cable market in 2018.
Based on insulation material, the XLPE segment is estimated to lead the fire resistant cable market in 2018. The growth of this segment can be attributed to its easy availability of XLPE, average price than other insulation materials, and excellent insulation properties.
The building & construction segment is expected to be the fastest-growing end-use industry segment of the fire resistant cable market during the forecast period.
Based on end-use industry, the building & construction segment is expected to grow at the highest rate during the forecast period. Increasing infrastructural activities from emerging economies of the Asia Pacific and Middle East & Africa regions is driving this segment.
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