High demand of flame resistant, low smoke forming substance for cable jacketing and insulation is driving the market growth. Rising demand from the railway stations, airports, commercial building, and other public places in order to ensure human safety are the major driver driving the market growth. Increasing demand from hazardous areas such as military and nuclear industry owing to the ability to impart additional safety is fueling the market growth. Wide application areas such as instrumentation cables, transportation cables, control cables, power and data cables have raised the low smoke halogen free cable material demand.
As per the latest report added by Value Market Research Global Low Smoke Halogen-Free Cable Materials Market was valued USD 410.0 MN (by revenue) in 2017 and is anticipated to reach USD 595.8 MN by 2024 with a CAGR of 6.0%. By volume, the market was estimated at XXX KT in 2017 and is expected to reach XXX KT by 2024 with a CAGR of X.X%.
POLYPROPYLENE DOMINATED THE MATERIAL SEGMENT
In 2017, polypropylene led the material segment and is likely to reach USD XX.X million by end of 2024. Owing to good electrical properties, tough and better flexibility, polypropylene is extensively used in cable insulation. This is turn, is driving the product demand.
AIRCRAFT LED THE APPLICATION SEGMENT
In 2017, Aircraft dominated the segment and is presumed to reach USD XX.X million by 2024. High demand of fire resistant and low toxic gas-emitting material to impart better safety is driving low smoke halogen free cable material in aircraft cable insulation.
NORTH AMERICA LED THE REGIONAL MARKET
In 2017, North America dominated the geographical market and is expected to reach USD XX.X million by end of 2024. Rising environmental concern coupled with the implementation of environmental legislation for usage of flame retardant and low smoke generating cable networks is driving the market growth.
KEY PLAYERS OF THE MARKET
Alpha Gary, BASF, Bayer, Borealis, CGN-DELTA Advanced Nuclear Materials, Dewei Advanced Materials, DuPont, ECC, Exxon Mobile, Fujikura, Hitachi-cable, Hoechst, Padanaplast, Shanghai Kaibo, Shell Chemicals, SUMITOMO, Union Carbide, Yadong Special Cable Material, and Zhonglian Photoelectric are the major players of the low smoke halogen free cable material market.
As per this study the Global Low Smoke Halogen-Free Cable Materials Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2028 with a CAGR of XX%. By volume, the market was estimated at XX KT in 2021 and is expected to reach XX KT by 2028 with a CAGR of XX%.
Low smoke zero halogens are typically used for cable jacketing in the wire and cable industry. LSZH cable jacketing is composed of thermoplastic or thermoset material that emit limited smoke and no halogen upon exposed to high sources of heat. They are also known as low smoke zero halogen (LSZH) is a distinctive material used for cable sheath in the wire & cable industry. This sheath is composed of thermoplastic urethane compounds, which emit no halogens or limited smoke when exposed to high sources of heat. They provide the safety that goes beyond the acquisition costs and has a lower coefficient of friction.
Rising adoption of low smoke halogen-free cable material across various public places in order to ensure human safety since they emit zero amount of toxic and corrosive gas during combustion. Moreover, it is also used in the rail industry, wherever high voltage or track signal wires must be run into and through underground tunnel systems. Furthermore, rising construction industry across the globe is also expected to add impetus growth to the market. Growing usage of low smoke halogen-free cable in the nuclear industry is another major application area which is expected to raise the demand in the years to come. However, strict government rules and regulation upon using of LSZH cables is likely to hamper the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of low smoke halogen-free cable materials.
The broad low smoke halogen-free cable materials market has been sub-grouped into materials and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Polypropylene (PP)
- Thermoplastic Polyurethane
- Rail Cars
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for low smoke halogen-free cable materials in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Low Smoke Halogen-Free Cable Materials Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the low smoke halogen-free cable materials market includes Alpha Gary, BASF, Bayer, Borealis, CGN-DELTA Advanced Nuclear Materials, Dewei Advanced Materials, DuPont, ECC, Exxon Mobile, Fujikura, Hitachi-cable, Hoechst, Padanaplast, Shanghai Kaibo, Shell Chemicals, SUMITOMO, Union Carbide, Yadong Special Cable Material, and Zhonglian Photoelectric. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.