In-depth Analysis of the COVID-19 Impact on Fire Resistant Cable Market Worth 2.06 Billion USD

Fire Resistant Cable Market was valued at USD 1.70 Billion in 2017 and is projected to reach 2.06 Billion by 2023 at a CAGR of 3.2% from 2018 to 2023.

Target Audience

• Manufacturers of Fire Resistant Cables
• Traders, Distributors, and Suppliers of Fire Resistant Cables
• End-use Industries
• Government and Research Organizations
• Associations and Industrial Bodies
• Research and Consulting Firms
• R&D Institutions
• Environment Support Agencies
• Investment Banks and Private Equity Firms
• “This study answers several questions for stakeholders, primarily the market segments which they need to focus upon during the next two to five years so that they may prioritize their efforts and investments accordingly.”

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♦ Key Market Players -

The fire resistant cable market has a diversified ecosystem of upstream players, including raw material suppliers, along with downstream stakeholders, vendors, and government organizations. Companies 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.

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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