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The flame retardant flexible cables are the polymeric cables that are designed to prevent the fire spread into the area. It continues to work for a specified period and maintain circuit integrity. The flame retardant cables are available in various types such as PVC multi-core, flexible single-core, silicon rubber, zero halogen, Teflon, and copper cables. These cables are flame-retardant, halogen-free, flexible, and offer excellent mechanical properties, abrasion resistance, and chemical resistance. These properties surge the demand for flame retardant flexible cables in the residential, commercial, and industrial sectors.
The rising demand for fire retardant flexible cable in order to provide safety & security will lead to a surge in the market growth during the forecast timeline. The damages such as breaking out of the fire, raging fire, and blown wire & cable cause the damages in the properties and industrial area which impacts the safety of life. The fire retardant flexible cables not only resist the heat but also supply critical systems which include fire alarm, emergency lighting, and fans. It is also cost-effective and eco-friendly. These are the factors, which raise the need for fire retardant flexible cables.
However, fluctuations in the prices of raw materials used in fire retardant flexible cables will hamper the market growth.
Key Market Driver -
Increasing demand for fire retardant flexible cables to provide safety & security will drive the market growth
Key Market Restraint -
Fluctuations in the raw materials prices to restrict the market growth
Based on type, the fire retardant flexible cable market is segmented into PVC multi core flexible cables, zero halogen cable, silicon rubber cable, flexible single core cable, teflon cable, copper cables, and others. Based on application, the market is segmented into communication room, mobile machine station, and others. Based on end-use, the market is segmented into residential, commercial, industrial, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The key players in the fire retardant flexible cable market include V-GUARD INDUSTRIES LTD., Eland Cables, Rolliflex Cables Private Limited., HellermannTyton, RSCC Wire and Cable, Shenzhen Qiangxinhong technical development Co. LTD, Power Cable Corporation, AEI Cables Ltd, SAB Bröckskes GmbH & Co. KG, Lapp Group, and Havells India Ltd.
The Asia Pacific is anticipated to witness the highest growth in the fire retardant flexible cable market. The growth is attributed to the rapidly growing construction industry, which has raised the adoption of the product in this region. The rising demand for silicon rubber cables in the residential buildings will fuel the market growth in North America. In Europe, the product is utilized in commercial buildings. Hence, rising product adoption will further contribute to market growth in this region. The Middle East & Africa is anticipated to witness significant growth, owing to the rising demand of the zero halogen cable in the for the industrial use.
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