Press release
Fireproofing Materials Market is Estimated to Observe Significant Growth of USD 1.18 billion, at a CAGR of 25.76% by Forecast 2029
The global market for Fireproofing Materials estimated at USD 0.15 billion in 2022, is projected to reach a revised size of USD 1.18 billion by 2029 registering a compounded annual growth rate (CAGR) of 25.76% over the period 2023-2029.The latest report titled Fireproofing Materials Market contains wide-broadening quantifiable facts of the market and studies current industry circumstances on a large scale to offer the market consequences, market value, and growth valuation. The report includes skilful examination, data on the overall market, as well as constraints and headway purposes of the future along with a noteworthy perception of the improvement of the global Fireproofing Materials market.
The report describes the profile of the top manufacturers of the global Fireproofing Materials market. It also covers segments such as competitor segment, product type segment, end use/application segment, and geography segment. The authors of the report have examined market demand, turnover, production and growth potential, geographic analysis, as well as current market developments in various regions and countries.
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Competitive Assessment:
The main research methodology applied here by the research team is data triangulation, which includes data mining, analysis of the impact of data variables on the market, and primary (industry experts) validation. This report helps to gather information about all the above factors by providing actionable market insights and comprehensive analysis. The Fireproofing Materials market report mainly focuses on important aspects of the market which include historical data, current market trends, environment, technological innovations, upcoming technologies, and technological advancement in the industry among others.
Leading market players in the Fireproofing Materials market is focusing on strategies such as expansion, new product launches, and acquisitions to gain large market share and enhance their global presence in the target market. Some Key Competitors of the Fireproofing Materials market is 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 developments
In May 2020, BASF launched ZEAL™, a Fluidized Catalytic Cracking (FCC) additive product, to supply more propylene to refiners by enhancing the production of light olefins in FCC units that process Gasoil feedstocks.
In February 2020, PPG today signed a definitive agreement to acquire Alpha Coating Technologies LLC, a supplier of light industrial and heat-sensitive substrates powder coatings. PPG will be a strategic counterpart to Alpha's best-in-class support, technology, and quick turnaround color matching capabilities.
In May 2020, Hempel announced the acquisition of Schaepman's Lakfabrieken B.V, a leading Dutch manufacturer of specialist automotive, protective and decorative coatings. The acquisition will allow Hempel to draw on the proven expertise of Schaepman in protective layers. At the same time, Schaepman customers will gain exposure to the wide variety of Hempel goods, as well as global expert support.
Fireproofing Materials Market Segmentation:
Fireproofing Materials Market by Coating Type, 2023-2029, (USD Millions, Kilotons)
Intumescent Coatings
Thin Film
Thick Film
Cementitious Coatings
Cement-Based
Gypsum Based
Fireproofing Materials Market by End-Use, 2023-2029, (USD Millions, Kilotons)
Commercial
Industrial
Onshore
Offshore
Residential
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Regional Framework
The Fireproofing Materials Market report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the market based on various segments. It also provides market size and forecast estimates from the years 2023-2029 with respect to five major regions. The market by each region is later sub-segmented by respective countries and segments. The Fireproofing Materials market report covers the analysis and forecast globally along with the current trend and opportunities prevailing in the region.
⇨ North America (United States, Canada, and Mexico)
⇨ Europe (Germany, France, UK, Russia, and Italy)
⇨ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
⇨ South America (Brazil, Argentina, Colombia, etc.)
⇨ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
This Report Also Includes:
» Fireproofing Materials Market Insights methodology
» Tactics and suggestions for new entrants
» Segmentation analysis
» Economic indices
» Companies' strategic developments
» Fireproofing Materials Market growth drivers and restraints
» Selected illustrations of the market penetrations and trends
Crucial insights in Fireproofing Materials research report:
Underlying macro- and microeconomic factors impacting the Sales of Fireproofing Materials.
Basic overview of the Fireproofing Materials, including market definition, classification, and applications.
Scrutinization of each market player based on mergers & acquisitions, R&D projects, and product launches.
Adoption trend and supply side analysis of Fireproofing Materials across various industries.
Important regions and countries offering lucrative opportunities to market stakeholders.
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The Study Objectives are:
✔ An in-depth look at the key players in the Fireproofing Materials market, as well as the data that goes with them.
✔ It includes a product portfolio, annual revenue, research and development spending, geographic presence, recent key developments, and growth strategies.
✔ Regional analysis, which includes information on the dominant Fireproofing Materials market and its share of the market.
✔ It also includes various socioeconomic factors that influence the market's evolution in the region.
✔ The report provides a detailed look at various members of the value chain, including raw material suppliers, distributors, and stockholders.
Key questions answered in the report:
✦ What is the Fireproofing Materials market's growth potential?
✦ Which product category will be the most profitable?
✦ In the coming years, which regional market will emerge as a leader?
✦ Which application segment will continue to expand at a steady rate?
✦ What are the potential growth opportunities in the Fireproofing Materials Market in the coming years?
✦ What are the most significant challenges that the global Fireproofing Materials Markets may face in the future?
✦ What are the top companies in the global Fireproofing Materials market?
✦ What are the main trends that are positively impacting the market's growth?
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