Press release
Fireproofing Materials Market is Estimated to Observe Significant Growth of USD 1.18 billion, at a CAGR of 25.76%, Trends, Growth, Top Company Profiles and Forecast 2029
Fireproofing Materials Market Overview:The fireproofing materials market size for the industrial segment accounted for the second-largest share of global fireproofing materials, in terms of value, in 2022 this was led by the demand from energy & power, manufacturing, oil & gas, petrochemical, and transportation & logistics industries. Industrial construction includes high use of steel.
The global Fireproofing Materials market is was estimated at USD 0.15 billion in 2020 and is slated to exceed USD 1.18 billion by 2029, registering a CAGR of 25.76% from 2022-2029.
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Factors such as increasing fire safety regulations will drive the fireproofing materials market. Rising environmental and health concerns due to the use of conventional chemicals in fireproofing materials regions is a major restraint. However, growing demand for developed intumescent fireproof and water-based coatings in construction will act as an opportunity for the market.
Fireproofing Materials Market Key Players
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are 3M, Akzo Nobel N.V., Isolatek International, Sika AG, Etex Group, PPG Industries, Inc, BASF SE, Carboline, RPM International Inc., Jotun Group, Iris Coatings S.r.l, Knauf Insulation, Hempel Group, W.R. Grace & Co., Rolf Kuhn GmbH, Rockwool International A and Others
Recent Development
In June 2021, Carboline announced the acquisition of the Dudiick Inc., a global leader in high-performance coatings, flooring, and tank linings, headquartered in Streetsboro, Ohio. Dudiick has provided solutions in corrosion resistance and chemical containment systems for various applications such as food processing, steel production, chemical processing, power, pulp & paper, electronics, and biological research labs.
In January 2021, Firetherm, a smart passive fire protection company, moved under the brand Nullifire (a part of RPM International Inc.) and started delivering across the UK under the same brand name.
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Fireproofing Materials Market Segmentation:
Fireproofing Materials Market by Coating Type, 2020-2029, (USD Millions, Kilotons)
Intumescent Coatings
Thin Film
Thick Film
Cementitious Coatings
Cement-Based
Gypsum Based
Fireproofing Materials Market by End-Use, 2020-2029, (USD Millions, Kilotons)
Commercial
Industrial
Onshore
Offshore
Residential
Growth Factors:
Increasing demand from the Fireproofing Materials industries
The growing use of Fireproofing Materials in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Fireproofing Materials Market
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Fireproofing Materials Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Key Fireproofing Materials Market Trends
- The report identifies, determines, and forecasts the Global Fireproofing Materials Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Fireproofing Materials Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Fireproofing Materials Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Fireproofing Materials Market.
Frequently Asked Questions
What is the study period of this market?
What is the growth rate of Fireproofing Materials Market?
Which region has highest growth rate in Fireproofing Materials Market?
Which region has largest share in Fireproofing Materials Market?
Who are the key players in Fireproofing Materials Market?
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