Press release
Low Smoke Halogen Free Cable Market to Grow at a CAGR of 10.7% Through 2027 - Top Companies BASF SE, Borealis AG, DowDuPont, Fujikura, Hitachi, Nexans SA, Prysmian Group, Mexichem Specialty Compounds and Sumitomo Electric Lightwave Corp
Low Smoke Halogen Free Cable Market to
Low Smoke Halogen Free Cable Market accounted to US$ 2.49 Bn in 2018 and is expected to grow at a CAGR of 10.7% during the forecast period 2019 - 2027, to account to US$ 6.44 Bn by 2027.
Europe was the leading geographic market, and it is anticipated to be the highest revenue contributor throughout the forecast period. The European associations have introduced industry testing standards, allowing for a comparative measurement of a cable’s halogen and smoke content that is expected to fuel the low smoke halogen free cable market in this region.
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Some of The Major Players In Global Market:
1. BASF SE
2. Borealis AG
3. DowDuPont Inc.
4. Fujikura Ltd.
5. Hitachi Ltd.
6. Nexans SA
7. Prysmian Group
8. Mexichem Specialty Compounds
9. Shanghai Kaibo Compounds Factory Co., Ltd.
10. Sumitomo Electric Lightwave Corp
Risks associated with traditional halogenated cables in buildings prone to fire hazards to contribute in the low smoke halogen free cable market growth
The polymeric materials used earlier for enhancing the flame retardant capabilities of the cable pose severe risks of catching instantaneous fires in case of a fire break-out. These added materials emit smoke which, when exposed to fire, becomes highly toxic and corrosive. The halogens released on exposure to fire tend to react with hydrogen and form hydrogen halide. Replacement of these cables with low smoke halogen free cables has been on high demand in the recent times.
Stringent fire regulations laid worldwide to drive the overall growth of low smoke halogen free cable market
Majority of the advanced and developing economies have laid down stringent fire regulations regarding the construction of new buildings in order to ensure safety for occupants. Government of the Countries such as US, Australia, Canada, Mexico, UK, Germany, Spain, Italy, and India have laid down stringent regulations. The regulations across the globe are anticipated to have a positive impact on the growth of the low smoke halogen free cable market.
Insulation Material Insights
The global low smoke halogen free cable market by insulation material was led by polypropylene segment. The low smoke halogen free cable market is segmented based on insulation material including polypropylene (PP), polyethylene (PE), thermoplastic polyurethane (TPU), and others. Wire & cable products are very important component behind the functionality of transportation activities and infrastructure projects. The cable products of different features are utilized to power & control systems, in data & telecommunication applications as well as, electrically-operated devices.
Major Factors:
• Global Low Smoke Halogen Free Cable Market Overview
• Economic Impact on Market
• Market Competition
• Global Low Smoke Halogen Free Cable Market Analysis by Application
• Industrial Chain, Sourcing Strategy and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders
• Global Low Smoke Halogen Free Cable Market Effect, Factors, Analysis
• Global Low Smoke Halogen Free Cable Market Forecast
Low Smoke Halogen Free Cable Market Segmentation :
Global Low Smoke Halogen Free Cable Market – By Insulation Material
• Polypropylene
• Polyethylene
• Thermoplastic polyurethane
• Others
Global Low Smoke Halogen Free Cable Market – By Type
• Screened
• Non-screened
Global Low Smoke Halogen Free Cable Market – By Application
• Rail Cars
• Ship
• Aircraft
• Others
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Reasons to Buy the Report:
• Learn about the driving factors, affecting the market growth.
• Imbibe the advancements and progress in the market during the forecast period.
• Understand where the market opportunities lies.
• Compare and evaluate various options affecting the market.
• Pick up on the leading market players within the market.
• Envision the restrictions and restrains that are likely to hamper the market.
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Website: www.theinsightpartners.com
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
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