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According to the latest data released by Markets and Markets, an international market research institution, the global fireproof cable market will reach $2.
3 billion by 2025, with a compound annual growth rate of 3.
3%
during the period.
The fireproof cables mentioned in the report include cables suitable for operating in a fire for a specific period of time under certain conditions, and they are the main electrical systems
used to continue to protect large buildings for a certain period of time in the event of a fire.
Increasing demand for fireproof cables in various industries and increasing stringent fire safety regulations in various countries are driving the growth of the market demand
.
At the same time, fluctuations in raw material prices are the major restraints facing the development of
this market.
Based on insulating materials, cross-linked polyethylene (XLPE) holds a considerable market share during the forecast period, with average cost advantage and excellent insulation properties being the reasons for
its domination of the market.
Geographically, Asia Pacific holds the largest market share
due to the growth of the construction, automotive, and transportation industries.
China is the largest consumer of fire prevention in the Asia-Pacific region
.
China's growing manufacturing industry has also led to the growth
of the defense fire cable market.
The increasing demand for fire safety and government regulations is another factor
driving the consumption of fire cables in China.
From the perspective of enterprises, Prysmian (including general cable), Nexans, Acte, LS cable, LEONI cable, etc.
will become the world's leading fireproof cable manufacturers
.
www.
baidu.
com
According to the latest data released by Markets and Markets, an international market research institution, the global fireproof cable market will reach $2.
3 billion by 2025, with a compound annual growth rate of 3.
3%
during the period.
The fireproof cables mentioned in the report include cables suitable for operating in a fire for a specific period of time under certain conditions, and they are the main electrical systems
used to continue to protect large buildings for a certain period of time in the event of a fire.
Increasing demand for fireproof cables in various industries and increasing stringent fire safety regulations in various countries are driving the growth of the market demand
.
At the same time, fluctuations in raw material prices are the major restraints facing the development of
this market.
Based on insulating materials, cross-linked polyethylene (XLPE) holds a considerable market share during the forecast period, with average cost advantage and excellent insulation properties being the reasons for
its domination of the market.
Geographically, Asia Pacific holds the largest market share
due to the growth of the construction, automotive, and transportation industries.
China is the largest consumer of fire prevention in the Asia-Pacific region
.
China's growing manufacturing industry has also led to the growth
of the defense fire cable market.
The increasing demand for fire safety and government regulations is another factor
driving the consumption of fire cables in China.
From the perspective of enterprises, Prysmian (including general cable), Nexans, Acte, LS cable, LEONI cable, etc.
will become the world's leading fireproof cable manufacturers
.
www.
baidu.
com
baidu.
com
