Fire Protection Materials Market research provides a new perspective into the components and workings of the Fire Protection Materials Market on global as well as regional levels. The report serving as an invaluable source of guidance for readers covers an analysis overview of the industry chain of the global market and discusses key elements associated with it, Fire Protection Materials Market. The report focuses on the global status, future forecast, growth opportunity, key market, and key players.
Fire Protection Materials Market size was estimated at USD 3.17 billion in 2023 and is projected to reach USD 5.84 billion in 2030 at a CAGR of 9.1% during the forecast period 2023-2030.
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Fire protection materials refer to materials that are employed to provide protection against fire. These materials are categorized into different types based on their specific characteristics, such as Fire-resistant boards, Sealants, Vermiculite cement sprays, Fiber sprays, Drylining systems, Mineral wool, and Intumescent paints & coatings. The utilization of fire protection materials varies across different sectors, including Commercial, Industrial & Institutional, Residential, and Others.
The market is being driven by the rising need for passive fire protection systems, which is driven by strict building codes and fire safety policies. The market is expected to grow as a result of the increasing adoption of these solutions for various types of constructions, as a result of the implementation of stringent safety regulations and building codes. Furthermore, the market is likely to be propelled in the future by the growing public awareness concerning the safety of residences and workplaces.
Top Key Competitors of Fire Protection Materials Market:
· 3M
· Akzo Nobel N.V
· BASF SE
· Etex Group
· Henkel AG And Co. KGAA
· Morgan Advanced Materials
· Nippon Sheet Glass Co. Ltd.
· Ppg Industries Ohio, Inc.
· Rockwool Asia
· Saint Gobain S.A
· Schott Ag
· SVT Group of Companies
· Technologies Inc.
· The Sherwin-Williams Company
· Trelleborg AB
· Unifrax and More
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Recent Developments
· In June 2022, Hempel A/S announced the launch of its protection material for the hydrocarbon PFP segment. Hempafire XTR 100 is a lightweight coating with low dry film thickness that will be used for the hydrocarbon passive fire protection of oil and gas downstream assets.
· In April 2022, Henkel announced the launch of two new fire protection coating products: Loctite FPC 5060 and Loctite EA 9400, which the company manufactured to protect electric vehicle batteries against fire and heat in the event of a thermal runaway. As stated, when applied to battery packs, the coatings would help to inhibit and delay the spread of fires to protect the passengers, thus giving them time to evacuate the vehicle.
North America to Dominate the Market
· North America is estimated to account for the largest market share during the forecast period. In North America, the growing emphasis on passive fire protection systems influenced by fire-stop contractors and regulatory organizations has a huge impact on this market.
· Moreover, the strong presence of the key fire-stopping and fire protection players is expected to boost the North American market growth.
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Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
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In addition to the market data for the Fire Protection Materials Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirements.
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