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Know How the Fire Protection Materials Market has witnessed to grow at a CAGR of +10.21% during forecast period and What Factors will drive the Market in Upcoming Years studied in New research
Fire Protection Materials
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The global fire protection materials market is estimated to be USD 5.22 billion in 2018 and is projected to reach USD 8.58 billion by 2025, at a CAGR of 10.21% between 2018 and 2025. The growing demand from major applications, such as commercial construction and industrial construction is expected to drive the demand for fire protection materials. The increasing fire safety regulations & codes is significantly driving the demand for fire protection materials. Environmental and health concerns due to some fire protection materials is a major restraint for the growth of the fire protection materials market.
According to the latest report by National Fire Protection Association (NFPA) published in 2016, seven lives are lost each day due to fire incidents in the U.S. alone. Fire protection materials have gained a high popularity on account of their life-saving performance in the critical situation of fire outbreak. It effectively resists fire from spreading from one area to another. Fire protection materials can withstand fire for a long duration and hence allow firefighters to get fire under control and prevent loss of life and property by extending the time frame available for them during such situations.
Growing positive attitude toward building safety codes along with increasing fire hazard incidents is anticipated to boost the sales of fire protection materials around the globe. Fire protection materials have growth potential and can partially replace the traditional construction materials such as sealants, putty, and coating sprays. There are also various official standards established in order to determine the overall effectiveness of the product.
This report provides:
1) An overview of the Global market for fire protection material and related technologies.
2) Analyses of Global market trends, with data from 2016, estimates for 2017 and 208, and projections of compound annual growth rates (CAGRs) through 2025.
3) Identifications of new market opportunities and targeted promotional plans for GlobalFire Protection Material Market.
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.
The scope of the report includes a detailed study of Global Fire Protection Material Market with the reasons given for variations in the growth of the industry in certain regions.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the Global market. Key players profiled in the report are The Hilti Group, 3M, Akzo Nobel N.V., Morgan Advanced Materials, Specified Technologies Inc., ETEX, Tremco Incorporated, BASF SE, Isolatek International and USG Corporation. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
Download sample pages of this report: https://www.qyresearchgroups.com/request-sample/796649
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QY Research Groups is a company that simplifies how analysts and decision makers get industry data for their business. Our unique colossal technology has been developed to offer refined search capabilities designed to exploit the long tail of free market research whilst eliminating irrelevant results. QY Research Groups is the collection of market intelligence products and services on the Web. We offer reports and update our collection daily to provide you with instant online access to the world’s most complete and current database of expert insights on global industries, companies, products, and trends.
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