The global fire resistance cable market revenue was US$ 1.86 billion in 2021. The global fire resistance cable market revenue is forecast to reach US$ 2.9 billion by 2030, growing at a compound annual growth rate (CAGR) of 3.9% during the forecast period from 2022 to 2030.

A fire-resistance cable, also known as circuit integrity (CI) cable, maintains circuit integrity during a fire for a specified period of time. These cables typically feature solid conductors and soft jackets. High temperatures cause the soft, flexible insulating material to change and become a fire-resistance insulator, thereby protecting the conductors. A fire alarm, voice alarm, and emergency lighting system can be controlled and powered with these cables.

Factors Influencing Market Growth

A rise in demand for fire-resistant cables from the building and construction sector, increased safety and security laws across regions, and increased electricity generation has contributed to the growth of the global fire resistance cable market.
The demand for the fire resistance cable market is forecast to increase in the coming years due to grid maintenance, infrastructure replacement, underground infrastructure conversion, and the expansion of rail networks globally.
Volatility in raw material prices, on the other hand, may have a negative impact on the growth of the global fire resistance cable market.
Impact Analysis of COVID-19

COVID-19 cases have negatively affected the fire resistance cable market. In the first quarter, the fire resistance cable market experienced a significant decline in demand. It is due to the impact of COVID-19 on several end-user industries (mainly construction, manufacturing, and energy). The fire resistance cable industry was affected by plant closure obligations, social distance standards, and a lack of activity by local and state authorities. Nevertheless, the demand for fire-resistance cables has been hampered by pandemics, mainly due to a decline in construction-industry demand.

Regional Insights

Region-wise, Asia Pacific dominated the global fire resistance cable market and is forecast to remain dominant during the forecast period. The region has been experiencing growth due to an increase in construction activities, automotive sales, and expanding transportation industries. Further, the growth of manufacturing industries, particularly in China, is related to the market process in the region. Increasing fire incidents and government regulations that restrict using poor quality materials are driving the market size. Thus, all these factors are driving the growth of the regional fire resistance cable market.

Leading Competitors

The leading prominent companies profiled in the global fire resistance cable market are:

EL Sewedy Electric Company
Furukawa Electric Co., Limited
Leoni AG
LS Cable & System Limited
Nexans S.A.
NKT Group
Prysmian Group
Relemac Technologies Pvt. limited
TPC Wire & Cable Corporation
Tratos Limited
Other Prominent Players
Scope of the Report

The global fire resistance cable market segmentation focuses on Insulation Material, End-Use Industry, and Region.

Segmentation based on Insulation Material

Ethylene Propylene Rubber-Insulated (EPR)
Low Smoke Zero Halogen (LSZH)
Polyvinyl Chloride (PVC)
Cross Linked Poly Ethylene (XLPE)
Others
Segmentation based on End-Use Industry

Automotive & Transportation
Building & Construction
Energy
Manufacturing
Others
Segmentation based on Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America