The global fire retardant flexible cable market size is projected to expand speedily owing to the increasing demand for efficient fire-fighting materials and equipment across industries, finds Fortune Business Insights™ in its report, titled “Fire Retardant Flexible Cable Market, 2021-2028”.
Fire retardant flexible cables are mainly used for the prevention of fire spreading into a place such as a building, complex, industry, etc. The rising demand for such cables in the industrial sector is resulting in this market’s growth. These cables are halogen-free and are abrasion and chemically resistant. This has led to increasing demand for such cables in industrial areas, where the probability of the occurrence of fire-related mishaps is astronomically high.
Fire-resistant cables are safe and secure to use and hence there is an increasing demand for these cables in hazardous workplaces, which is the core driving factor responsible for the growth of this market. Damages caused by events such as fire outbreaks, blazing fire, and the blowing of wires and cables in the industrial sector can lead to massive loss of life and property. Thus, since these cables not only withstand the heat but also supply critical systems including fire alarms and emergency lighting, along with being cost-efficient and energy-saving, their adoption is set to rapidly expand across the industrial spectrum in the upcoming years.
On the basis of type, this market is divided into PVC multi-core flexible cables, zero-halogen cables, silicon rubber cables, flexible single-core cables, Teflon cables, copper cables, and others. By application, the market is classified into communication rooms, mobile machine stations, and others. Based on end-use, this market is categorized into residential, commercial, industrial, and others. In terms of geography, the market is clubbed into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
This research report offers an in-depth study of the driving factors, restraints and trends related to the growth of the market. In addition, this report offers a detailed evaluation of the market segments and regional developments in the market. Further, this report also incorporates a comprehensive analysis of all possible market segments.
Rising Demand for Silicon Rubber Cables in Residential Buildings to Propel Market Growth
There has been an increase in the demand for silicon rubber cables in residential complexes as they help to mitigate the damage caused by fire outbreak incidents in buildings. Their inherent fire-fighting properties are the main reason for their extensive utilization in sensitive residential constructions. For example, silicon rubber-insulated fire retardant flexible cables can withstand temperatures as high as 200 degrees Celsius and as low as -90 degrees Celsius. Moreover, their fire-resistance capabilities allow them to maintain circuit integrity of a building’s electrical system in case of eruption of fires. The rising number of residential buildings in rural as well as urban areas will be the primary demand-puller silicon rubber cables, which in turn will boost the market’s growth.
Rapid Growth in the Construction Industry to Boost the Asia Pacific Market Growth
Asia Pacific is expected to exhibit the highest growth in the fire retardant flexible cable market share owing to the rapid growth in the construction industry, which has raised the adoption of thermally robust materials in this region.
North America is another region that is anticipated to witness significant growth in this market due to the increasing demand for fire retardant flexible cables across residential buildings and commercial complexes in the US and Canada. The Middle East & Africa region is projected to grow in this market owing to the surging demand for zero-halogen cables in the oil & gas industry.
Availability of Different Types of Cables to Fuel the Market Growth
Fire retardant flexible cables are available in wide varieties and different price ranges in the market. Hence, key players are deeply engaged in the manufacturing and distribution of these cables to widen their offerings to customers. This strategy is also allowing companies to strengthen their portfolios and further expand their market presence, as well as establish a foothold in developing countries.
December 2018: France-based Nexans announced the release of FLAMEX Ethernet FR, aimed at providing superior resistance to fires and preventing the spread of hazardous smoke. With this launch, the company will be able to speedily expand its product portfolio and augment its global market footprint.
List of Key Players Covered in the Fire Retardant Flexible Cable Market Report:
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