Press release
Fire Protection Material Market Size to hit USD 5.98 billion by Industry Growth by Global Major Companies Profile, Competitive Landscape, Key Regions and Forecast 2029
Fire Protection Material Market Overview:Fire protection materials are a class of materials which find use in applications that help ensure safety of buildings from hazards associated with fire. Fire detection, coupled with fire suppression through manual or automatic means, aid in curbing fire and damages resulting therefrom. Partitioning the overall building or construction structure with fire resistance rated floors and walls also assists in ensuring protection from fire.
The global Fire Protection Material market was estimated at USD 2.8 billion in 2020 and is slated to exceed USD 5.98 billion by 2029, registering a CAGR 8.87% during the forecast period 2022-2029.
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Fire Protection Material 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 AkzoNobel N.V., PPG Industries, Jotun, Sherwin-Williams, Hempel, RPM International, Sika, ETEX group, Kansai Paints and Teknos and Others
Recent Development
in March 2019, AkzoNobel, rolled out its new fire protection system, the fast-drying Sikkens for use in wooden facades. The newly launched product offers exceptional fire resistance and is designed to meet extreme condition challenges.
in July 2020, Sherwin-Williams Protective & Marine, introduced FIRETEX M90/03, a novel intumescent coating to offer onshore passive fire protection. The novelty is ideal for use in applications that have variable dry film thicknesses (DFTs).
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Fire Protection Material Market Segmentation:
Fire Protection Material Market by Product Type, 2022-2029, (USD Million, Kilotons)
Intumescent Coatings
Cementitious Coatings
Adhesives & Sealants
Others
Fire Protection Material Market By Application, 2022-2029, (USD Million, Kilotons)
Pipe
Duct
Steel Fireproofing
Cable And Wire Tray Fireproofing
Fire Protection Material Market by End-Users, 2022-2029, (USD Billion, and Kilotons)
Residential
Commercial
Infrastructure
Growth Factors:
Increasing demand from the Fire Protection Material industries
The growing use of Fire Protection Material in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Fire Protection Material Market
Fire Protection Material 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)
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Key Fire Protection Material Market Trends
- The report identifies, determines, and forecasts the Global Fire Protection Material Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Fire Protection Material 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 Fire Protection Material 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 Fire Protection Material Market.
Frequently Asked Questions
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What is the growth rate of Fire Protection Materials Market?
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