Stringent fire regulations laid worldwide to drive the overall growth of low smoke halogen free cable market

1. Low Smoke Halogen Free Cable Market Low Smoke Halogen Free Cable Market to 2027 - Global Analysis and Forecasts by Type (Screened, Non-Screened); Insulation Material (Polypropylene, Polyethylene, Thermoplastic Polyurethane, and Others); Application (Rail Cars, Ship, Aircraft, Others)

2. Low Smoke Halogen Free Cable Market Current and future Market Scenario The global 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. 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.

3. Low Smoke Halogen Free Cable Market Factors Contributing to Market Growth  The outer protective sheath of the wire largely depends upon the application of the wire to be put to use. 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.

4. Key Findings 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. 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.  Get sample PDF copy @ https://www.theinsightpartners.com/sample/TIPRE00003857/

5. Low Smoke Halogen Free Cable Market Market Segments by Type (Screened, Non-Screened) Application Insulation Material (Rail Cars, Ship, Aircraft) Polypropylene, Polyethylene, Thermoplastic Polyurethane

6. Low Smoke Halogen Free Cable Market Dominating Segments 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 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.

7. Dominating Segments  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. 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.

8. Dominating Segments  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.

9. Dominating Segments Strategic Insights The market players present in low smoke halogen free cable market are mainly focusing on product enhancements by implementing advanced technologies. By signing partnership, contracts, joint ventures, funding, and inaugurating new offices across the world permit the company to maintain its brand name globally. Few of the recent developments are listed below; 2019: BASF unveiled its plan to construct new thermoplastic polyurethanes and engineering plastics plants in Zhanjiang, China. The company is expected to invest US$ 10 Bn in this project in order to contribute to the global manufacturing capacity for engineering plastics and TPU. 2019: Borealis and ADNOC has signed a MoU to search for opportunities in polyolefin industry. Both the companies projects to grow the business of Borouge. It is a joint venture formed between ADNOC and Borealis. 2019: Mexichem Specialty Compounds has established a new production line at its production facility in Melton Mowbray. Through this expansion, the production capacity would be increased by extra 10,000 tonnes annually. This additional production is directed to address their clientele demand for low smoke halogen free compounds.

10. Low Smoke Halogen Free Cable Market Leading Players Company Profiles  BASF SE  Borealis AG  DowDuPont Inc.  Fujikura Ltd.  Hitachi Ltd.  Nexans SA  Prysmian Group  Mexichem Specialty Compounds  Shanghai Kaibo Compounds Factory Co., Ltd.  Sumitomo Electric Lightwave Corp.

11. REGIONAL FRAMEWORK REGIONAL FRAMEWORK

12. Low Smoke Halogen Free Cable Market

13. Low Smoke Halogen Free Cable Market Access Full Research Report at: https://www.theinsightpartners.com/reports/low-smoke-halogen-free-cable-market Thank You! Thank You!