Fire Protection Materials Market 2022 Industry Analysis by Future Trends, Top Players, Size, Share, Revenue and Growth Rate Through 2027

According to the latest report by IMARC Group, "Global Fire Protection Materials Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027", the global fire protection materials market reached a value of US$ 5.95 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 9.46 Billion by 2027, exhibiting a CAGR of 7.80% during 2022-2027.

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Fire protection refers to the measures undertaken to prevent the outbreak and spread of fires to save the lives and properties of individuals. It consists of safety planning practices and drills, safe operations, providing education on fire risks and safety, conducting research and investigations, training and testing of mitigating systems, etc. Fire protection materials are of several types, including coatings, sealants, fillers, mortar, sprays, sheets, boards, etc. They aid in securing business processes and valuable goods while retaining access to protected areas. As a result, fire protection materials find widespread applications in commercial, industrial, and residential establishments across countries.

Market Trends:

The escalating concerns towards human and property loss owing to fire accidents and the expanding construction industry are primarily driving the fire protection materials market. Besides this, the implementation of stringent regulations by government bodies to promote the usage of these materials in residential and non-residential buildings and the rising requirement for the same in the oil and gas industry are further augmenting the market growth.

Apart from this, the elevating need for security codes in buildings regarding fire safety is also catalyzing the global market. Moreover, the inflating popularity of fire protection materials in passenger and heavy-duty vehicles is acting as another significant growth-inducing factor.
Furthermore, the leading market players are extensively investing in research and development (R&D) activities to produce materials that produce less smoke while burning and can withstand fire for more extended periods. This is expected to bolster the fire protection materials market in the coming years.

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Fire Protection Materials Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the global fire protection materials market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• 3M Company
• Akzo Nobel N.V.
• BASF SE
• Etex Group
• Hilti
• Morgan Advanced Materials plc
• PPG Industries Inc.
• Sika AG
• Tenmat Limited (Diamorph AB (publ))
• The RectorSeal Corporation (CSW Industrials Inc.)
• The Sherwin-Williams Company
• Tremco Incorporated (RPM International Inc.).

Key Market Segmentation:

The report has segmented the global fire protection materials market based on material type, distribution channel, application and region.

Breakup by Material Type:
• Coatings
• Sealants and Fillers
• Mortar
• Sheets/Boards
• Sprays
• Putty
• Preformed Devices
• Others

Breakup by Distribution Channel:
• Online
• Offline

Breakup by Application:
• Commercial
• Industrial
• Residential

Breakup by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

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Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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