Fire Protection Materials Market 2020 Latest Trends, Demand by Global Manufacturers - Inter IKEA Systems B.V, Kimball International, Inc., Mannington Mills, Inc., Bombay Dyeing
Fire Protection Materials Market Estimated at USD 2.7 billion in 2019, the global fire protection materials market size is projected to reach USD 4.0 billion by 2024, growing at a CAGR of 8.5%.
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The market for fire protection materials is expected to grow at a CAGR of greater than 8% during the forecast period. The major factors driving the growth of the market studied are increasing demand for passive fire protective materials and strict government regulations. On the flip-side, technical challenges of passive fire protection products are expected to hinder the growth of the market studied.
The prominent players in the global Fire Protection Materials market are:
Inter IKEA Systems B.V, Kimball International, Inc., Mannington Mills, Inc., Bombay Dyeing, Vescom B.V., Nitori Holdings Group, Bed Bath & Beyond Inc., Ashley Furniture Industries, Inc.
Global Fire Protection Materials Market Overview:
Soaring Demand for Coatings
- Fire protection coatings are coating systems that are required to be applied on structural elements in building and construction, across various industries, to provide an adequate rescue and evacuation time during fire accidents.
- Stringent fire safety norms and regulations by governments, as well as insurance companies, and rapid urbanization have resulted in an increase in the use of fire protection coatings in building and construction projects.
- Mostly, fireproofing coatings are two-layer coatings consisting of the active layer, which acts like a shield when exposed to the rise in temperature, and a top coat that not only protects the first layer from water spill and scratches, but also provides an attractive matte finish to the wooden surface.
- Basically, there are two types of fire protection coatings: cementitious and intumescent coatings or passive fire protection coatings.
- Two key aspects of fire performance are fire-resistance and reaction-to-fire. Fire-resistance refers to the ability of a material or system to withstand exposure to high temperatures based on thermal insulation and mechanical integrity evaluations.
- Silicone-based flame retardant coatings are convenient and effective to decrease the flammability of the substrate materials.
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Despite the availability of a decent mix of small, medium, and large enterprises in the global market, the global fire protection materials market is partially consolidated at the top. For instance, in tier one, 3M, BASF, Sika, AkzoNobel, and WR Grace, among other players, have brand recognition, geographical presence, and supply chain foothold. These factors give an added benefit to these companies to generate more traction for their products.
Furthermore, Global Fire Protection Materials Market following points are involved along with a detailed study of each point: -
- Global Fire Protection Materials Market Overview, Drivers, Restraints and Opportunities, Segmentation overview
- Global Fire Protection Materials Market competition by Manufacturers (2020-2025)
- Production and Consumption by Regions
- Complete profiling and analysis of Manufacturers (2020-2025)
- Manufacturing cost analysis, Materials analysis, Region-wise manufacturing expenses
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- Global Fire Protection Materials Market Effect Factors Analysis (2020-2025)
- Global Fire Protection Materials Market Forecast (2020-2025)
- Global Fire Protection Materials Market Research Findings and Conclusion
All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
Irfan Tamboli (Head of Sales) - Market Insights Reports
Phone: + 1704 266 3234
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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