Low Smoke Halogen Free Cable Market to Grow at a CAGR of 10.1 % to reach US$ 3,945.1 Million from 2020 to 2027

Low Smoke Halogen Free Cable Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type (Screened and Non-Screened); Jacket Type (Thermoplastic and Thermoset); Insulation Material (Polypropylene, Polyethylene, Thermoplastic Polyurethane, and Others); Application (Building & Construction, Rail Cars, Ship, Aircraft, and Others)

Publication Month : Jun 2019

  • Report Code : TIPRE00003857
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 234
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The low smoke halogen free cable market was valued at US$ 1,898.7 million in 2019 and is projected to reach US$ 3,945.1 million by 2027; it is expected to grow at a CAGR of 10.1% from 2020 to 2027.

The cable industry faceschallenges related to designing and manufacturing safe, energy efficient, reliable, and innovative products. In the competitive market, international expansion complicates this task by necessitating manufacturers to identify and comprehend global certification requirements along with applying them to their innovations. For efficiently competing in the market, manufacturers require to mitigate risks, innovate safely, and enter global markets. Certain countries of the world may only need a local certification mark; however, other countries of the world may use harmonized certification systems such as the IECEx Systems.

Europe is leading the low smoke halogen free cable market, followed byNorth America. However, Asia Pacific is anticipated to exhibit noteworthy growth due to growth in the construction industry. The cable industry in Europe is also witnessing consistent growth, thereby adapting to the constant disruption. Further, the region witnesses significant investments in infrastructure and innovation. Europe also houses major cable manufacturers such as PrysmianandNexans. This creates a prominent growth scenario for the LSHF ecosystem.

Impact of COVID-19 Pandemic on Low smoke halogen free cable market

More than 30 countries worldwide have declared a state of emergency, as COVID-19 continues to spread. Besides the urgent “cities closure” in European, American, and Asian countries, key industries in India, Malaysia, Philippines, and other Southeast Asian nations have announced closures in succession, which is expected to bring challenges to the supply side of several sectors. This factor affects various industries such as aerospace & defense manufacturing, ship manufacturing, and telecommunications, and construction.

COVID-19 effects have benefitted wirelinebroadline numbers for telecommunication companies in the US, including AT&T and Verizon. For instance, AT&T reported ~209,000 additional AT&T Fiber net and Verizon reported ~59,000 Fios Internet net additions during 1Q 2020. This factor is anticipated to propel the growth of the Low smoke halogen free cable market.

Lucrative Regions for Low smoke halogen free cable market

Lucrative Regions for Low smoke halogen free cable market
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Market Insights

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 oflow 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. Governments of the countries such as the US, Australia, Canada, Mexico, the 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.

Jacket Type Market Insights

The global low smoke halogen free cable market is segmented into thermoplastic and thermoset. Chlorinated thermoset jackets are widely used in industrial applications owing to their appropriate physical features as well as capability to handle the most rigorous flame tests. LSHF does not have the long track record of performance that chlorinated thermosets possess, and there are challenges regarding the lifecycle as well as performance of these cables. Recent technology advancements in compounding have enabled manufacturers to provide thermoset LSHF cables, which pass several of the similar tests as chlorinated thermosets, including the IEEE 1202 as well as UL VW-1 flame tests. Further, LSHF material usually absorbs more amount of moisture in comparison to non-LSHF material.

Type MarketInsights

The global low smoke halogen free cable market by type was led by non-screened type segment. However, the screened type segment for the low smoke halogen free cable market is anticipated to take over the dominance growing rapidly during the forecast period. These screened or shielded cables are suitable for the applications where longer cable 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 MaterialInsights

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 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

Based on application, the global low smoke halogen free cable market is segmented intobuilding & construction, 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.

Low smoke halogen free cable market, by Application– 2019and 2027

Low smoke halogen free cable market
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Low Smoke Halogen Free Cable Market: Strategic Insights

low-smoke-halogen-free-cable-market
Market Size Value inUS$ 1,898.7 Million in 2019
Market Size Value byUS$ 3,945.1 Million by 2027
Growth rateCAGR of 10.1% from 2020-2027
Forecast Period2020-2027
Base Year2020
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The 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. A 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 billionin this project in order to contribute to the global manufacturing capacity for engineering plastics and TPU.
2019:Borealis and ADNOC has signed aMoU 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.


Low Smoke Halogen Free Cable Market Segmentation:

By Insulation Material

  • Polypropylene
  • Polyethylene
  • Thermoplastic polyurethane
  • Others

By Jacket Type

  • Thermoplastic
    • Polypropylene
    • Polyethylene
    • Chlorinated Polyethylene
  • Thermoset
    • Cross-linked Polyolefin
    • Cross-linked Polyethylene
    • Cross-linked CPE

By Type

  • Screened
  • Non-screened

By Application

  • Building and Construction
  • Rail Cars
  • Ship
  • Aircraft
  • Others


Company Profiles

  • BASF SE
  • BOREALIS AG
  • DowDuPontInc
  • Fujikura Limited
  • Hitachi Ltd.
  • Nexans SA
  • Prysmian Group (General Cable Corporation)
  • Orbia (Mexichem Specialty Compounds) Inc.
  • Shanghai Kaibo Compounds Factory Co., LTD
  • Sumitomo Electric Lightwave Corp.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type ; Jacket Type ; Insulation Material ; Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

The List of Companies - Low Smoke Halogen Free Cable 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

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

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Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

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Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

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The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

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  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

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