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According to our latest market study, titled “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

Rising urbanization in the current times has also increased the risks of fire cases in the buildings. Hence, the protection of building assets and human lives has become a critical consideration while developing an infrastructure. Apart from the residential and commercial buildings, the industrial buildings, oil & gas refineries, and mineral ores are identified to be highly fire prone locations. Regulatory bodies have mandated the need to maintain a standard for occupational and health safety for employees at the highly fire-risk areas. Low smoke halogen free (LSHF) cables employ insulation materials that are safer whenever exposed to fire. These cables produce less dense smokes and reduce the toxicity level as compared to the traditional Polyvinyl Chloride (PVC) cables. The LSHF cables are particularly effective in the confined spaces where fire risk are more. In the open spaces, fire dissipates quickly and the toxicity factor due to cables is eliminated. These cables are higher in costs as compared to the traditional ones.

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List Of TOP KEY PLAYERS in Low Smoke Halogen Free Cable Market Report are –

The prominent market players in low smoke halogen free cable market are BASF SE, Borealis AG, DowDuPont Inc., Fujikura Ltd., Hitachi Ltd., Nexans SA, Prysmian Group, Mexichem Specialty Compounds, Shanghai Kaibo Compounds Factory Co., Ltd., and Sumitomo Electric Lightwave Corp among others for a considerable share of the market owing to their product offerings to the market.

Low smoke halogen free cable market leaders are involved in taking up various market initiative such as expanding footprint across the world and meet the growing demand of its customers, focusing towards product enhancements by implementing advance technologies and signing partnership, contracts, joint ventures, funding, and inaugurating new offices across the world to maintain brand name globally. For instance, recently, 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. Sumitomo Electric entered into a strategic partnership with ADTRAN. The agreement states about the transfer of operations associated with supply of access network equipment for the CATV operators, sales & local support services, and technical licenses.

The low smoke halogen free compounds and cables industry is highly fragmented with large number of well-known, as well as small local companies provider precence in the low smoke halogen free cable market. The larger firms are adopting the strategy of partnership, contractual alliances for the deployment of low smoke halogen free cable solutions to enhance their customer portfolio and expand footprint in different geographies.

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Low Smoke Halogen Free Cable Market : Segments

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.

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.

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.

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With tables and figures, helping analyze worldwide Global Low Smoke Halogen Free Cable Market Forecast provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the Market.

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