The changing dynamics in Fire-Resistant Cable Market with covid-19 impact assessment
June 10, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Fire-Resistant Cable Market.
It was estimated prior to this unanticipated outbreak that the Fire-Resistant Cable Market was expected to grow at a CAGR of 3.8% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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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.
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Based on the insulation material type, the market is segmented as XLPE, PVC, LSZH, EPR, and others. The XLPE segment is estimated to register high growth in the coming five years. This growth is attributed to the increasing demand for fire-resistant cables from end-use industries.
Based on the 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.
In terms of regions, Asia-Pacific is expected to be fast 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.
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, and Tele-Fonika Kable SA.
Features of the Report
This report offers high-quality insights and is the outcome of 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.
The Fire-Resistant Cable Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- 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
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