Low Smoke Halogen Free Cable Market is expected to reach US$ 6.4 Bn in 2027 – BASF, Borealis, DowDuPont, Fujikura, Hitachi

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Low Smoke Halogen Free Cable Market

Low Smoke Halogen Free Cable Market

The Global Low Smoke Halogen Free Cable Market is estimated to account US$ 2.5 Bn in 2018 and is expected to grow at a CAGR of 10.7% during the forecast period 2019 – 2027, to account for US$ 6.4 Bn by 2027.

Cables and wires play a crucial role in the functionality of any infrastructure-based project that might comprise of either residential, commercial, or industrial buildings. These wire and cable products are used for powering various equipment and electrically operated devices, telecommunication applications that support audio, video, as well as data transmission capabilities. In the times, of wireless communications and connection, cables and cable components have an important role to play at the backend for establishing a strong and reliable connection. The cable products comprise of copper conductors, optical fibers enveloped in a protective sheath. The outer protective sheath of the wire largely depends upon the application of the wire to be put to use.

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If the wire needs to be laid down at locations that are subject to extreme environmental conditions, an additional protective layer of polymeric material is used that offers strength, durability, and reliability to the finished cable product. For a large number of years, these cables have incorporated additives, resins, and other halogenated products that pose a severe risk to human lives in case of occurrence of any fire incidence. Further, various halogenated ingredients which include brominated compounds are usually added for enhancing the fire retardant properties of the cables. Polymeric materials used in cable insulation include Fluorinated Ethylene Propylene (FEP), Polyvinyl Chloride (PVC), and Chlorinated Polyethylene. These materials are large potential sources of halogen.

The polymeric materials used earlier for enhancing the flame retardant capabilities of the cable, conversely 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. Further, when these hydrogen halides mix with water, they give rise to the formation of toxic acids that can lead to catastrophic damages of the entire cable infrastructures. Cables that contain halogenated materials are also responsible for the formation of Carbon Monoxide (CO) gas during combustion that further enhances the risk. The use of LSHF cables eliminates such risks and provide increased security to the surroundings from any catastrophic damage. These LSHF cables are particularly effective in the crowded and confined spaces where the risk of toxicity and corrosion generated from the smoke is fairly high. The extent of potential damages caused by the use of traditional polymeric cables and the growing demands for enhanced safety in the confined spaces is anticipated to contribute to the steady growth of low smoke halogen free cable market in the coming years.

Type Insights

The global low smoke halogen free cable market by type was led by non-screened type segment. However, during the forecast period, the screened type segment for the low smoke halogen free cable market is anticipated to take over the dominance growing rapidly over the years. These screened or shielded cables are suitable for the applications where longer cables runs are needed. The cable are widely deployed in the areas where signal integrity is utmost as it lowers the interference effect of electromagnetic property.

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.

Application Insights

The global low smoke halogen free cable market is segmented on the basis of application as rail cars, ship, aircraft, and others. The halogen-free cable is used in the applications where insulation with the low-smoke generation, low toxicity, and low corrosiveness is required. Examples include industrial, shipboard, rapid transit, and commercial fields where protection of equipment and human safety is a major concern. Halogen-free cabling is utilized for protecting wiring, which further limits the amount of toxic gas emitted when the cable comes into contact with the heat.

The market players present in low smoke halogen free cable market are mainly focusing on the product enhancements by implementation of advanced technologies. The large firms are adopting the strategy of acquisition and collaboration with the various companies for enhancing its capabilities and expanding its footprint in various geographies. This type of strategy allows the companies for strengthening its footprint in the market. Also, key market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as products and services offered, financial information of last 3 years, key development in past five years. Some of the key players included in the global low smoke halogen free cable market are BASF SE, Borealis AG, DowDuPont Inc., Fujikura Ltd., Hitachi Ltd., Nexans SA, Prysmian Group, Mexichem Specialty Compounds, Shanghai Kaibo Compounds Factory Co., Ltd., and Sumitomo Electric Lightwave Corp among others.

Reasons to Buy

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global low smoke halogen free cable market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the global low smoke halogen free cable market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

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About The Insight Partners

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, Chemical, Food, Automotive and Defence.

This release was published on openPR.

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