Press release
Fire Protection Materials for Construction Market Set to Surpass $7 Billion by 2028, Driven by Stringent Regulations and Rising Fire Incidents
Fire Protection Materials For Construction Global Market Report
Experiencing robust growth, the fire protection materials for construction market is poised to surge from $4.69 billion in 2023 to an estimated $5.09 billion in 2024, displaying a commendable Compound Annual Growth Rate (CAGR) of 8.5%. The market anticipates continued strong growth, reaching $7.02 billion by 2028 at a CAGR of 8.4%.
Key Growth Drivers:
Increasing Regulations Stimulate Demand:
The construction industry's growing adherence to regulations mandating the use of fire safety materials is expected to propel the fire protection materials market. Globally, these regulations focus on minimizing fire response in various living environments, with standards aimed at improving the fire safety of materials. Notably, the UK's Fire Safety Act 2021, enacted in April 2021, exemplifies the global commitment to enhancing fire safety, fostering an environment conducive to market growth.
Rising Incidents Spur Demand:
A surge in the number of fire incidents globally is set to boost the demand for fire protection materials in the construction market. The heightened frequency of fire incidents necessitates the use of fire-resistant building materials to contain and mitigate the impact. A survey by the National Fire Protection Association (NFPA) in September 2022 revealed a staggering 1,353,500 attended fires in the US, emphasizing the critical role fire protection materials play in safeguarding lives and property.
Explore the Global Fire Protection Materials For Construction Market with a Detailed Sample Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5590&type=smp
Major Players:
Key market players driving innovation in fire protection materials include Hilti Corporation, 3M Company, Akzo Nobel N.V., and other industry leaders.
Technological Advancements:
Enhanced Fire Protection Solutions:
Major manufacturers are focusing on advanced research and technological innovations to develop fire protection materials with extended resistance times. Hempel A/S, a Denmark-based manufacturer, introduced Hempafire XTR 100, a lightweight coating engineered for passive fire protection in the oil and gas industry, showcasing advancements that contribute to improved fire safety.
Innovative Fire-Sealing Solutions:
To meet the growing demand for fire protection materials, companies are introducing products like FS719 HP Blue for CPVC, a distinctive sealant designed for CPVC materials with a fire resistance of up to 120 minutes. Nullfire, a UK-based leader in fire-stopping solutions, introduced this product with a unique blue hue for easy identification on job sites.
Regional Insights:
North America dominated the fire protection materials for construction market in 2023, with comprehensive coverage of regions including Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
Market Segmentation:
The fire protection materials for construction market covered in this report is segmented -
1) By Type: Coatings, Mortar, Sealants And Fillers, Sheets Or Boards, Spray, Preformed Device, Putty, Cast-In Devices, Other Types
2) By Application: Structural, Compartmentation, Opening Protection, Firestopping Materials
3) By End User: Commercial, Industrial, Residential, Other End Users
Access the Complete Report for In-Depth Analysis:
https://www.thebusinessresearchcompany.com/report/fire-protection-materials-for-construction-global-market-report
Fire Protection Materials For Construction Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Fire Protection Materials For Construction Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on fire protection materials for construction market size, fire protection materials for construction market drivers and trends, fire protection materials for construction market major players, fire protection materials for construction market competitors' revenues, fire protection materials for construction market positioning, and fire protection materials for construction market growth across geographies. The fire protection materials for construction market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
Browse Through More Similar Reports By The Business Research Company:
Fire Detection Equipment Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/fire-detection-equipment-global-market-report
Smoke Detectors Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/smoke-detectors-global-market-report
Fire Safety Equipment Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/fire-safety-equipment-global-market-report
Contact Information
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Check out our:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 6500+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
Global Market Model - Market Intelligence Database
The Global Market Model, The Business Research Company's flagship product, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users assess supply-demand gaps.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Fire Protection Materials for Construction Market Set to Surpass $7 Billion by 2028, Driven by Stringent Regulations and Rising Fire Incidents here
News-ID: 3364363 • Views: …
More Releases from The Business Research Company
Transition Toward Smart Grids Is Fueling The Growth Of The Market Due To Rising …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts._x000D_
_x000D_
Data Center Transfer Switches And Switchgears Market Size Valuation Forecast: What Will the Market Be Worth by 2025?_x000D_
The market for data center transfer switches and switchgears has experienced significant growth in the recent past. The market, which was at $3.00 billion in 2024 is projected to reach $3.32…
Cryogenic Valve For Space Market Expected to Achieve 8.9% CAGR by 2029: Growth F …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts._x000D_
_x000D_
What Is the Expected CAGR for the Cryogenic Valve For Space Market Through 2025?_x000D_
Over the past few years, the market size for cryogenic valves in the space industry has seen robust growth. The market will experience an expansion from $1.33 billion in 2024 to $1.45 billion in 2025,…
Counter Swarm Drone Technology Market Trends That Will Shape the Next Decade: In …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts._x000D_
_x000D_
What Will the Counter Swarm Drone Technology Industry Market Size Be by 2025?_x000D_
The market size for counter swarm drone technology has seen a significant expansion in the last few years. It is projected to rise from $1.29 billion in 2024 to $1.62 billion in 2025, with a compound…
Emerging Trends to Reshape the Corporate Governance Services Market: Advancement …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Corporate Governance Services Market Size Growth Forecast: What to Expect by 2025?
In recent years, the market size for corporate governance services has greatly expanded. Current projections show that the market will expand from $4.65 billion in 2024 to $5.08 billion in 2025 with a compound annual growth rate…
More Releases for Protection
Ballistic Protection Market : Personal Protection Equipment, Vehicle Protection …
According to a new report published by Allied Market Research, titled, "Ballistic Protection Market," The ballistic protection market was valued at $14 billion in 2021, and is estimated to reach $26.1 billion by 2031, growing at a CAGR of 6.8% from 2022 to 2031.
North America dominates the market, in terms of revenue, followed by Asia Pacific, Europe and LAMEA. In addition, Europe is expected to grow at a highest growth…
Crop Protection Market Future Outlook, Crop Protection Industry Research Reports …
The crop protection equipment delivers the farmers with a cost-effective manner of advancing the yield and the quality of their crops. Crop protection is the science and practice of maintain the plant diseases, weeds and several other pests that broke down the agricultural crops and forestry. The agricultural crops comprise the field crops, fruits and vegetables. Such crops in the field are exposed to several aspects. Birds, insects, bacteria, rodents…
Income Protection - United Kingdom (UK) Protection Insurance 2021
HTF Market Intelligence released a new research report of 39 pages on title 'Income Protection - United Kingdom (UK) Protection Insurance' with detailed analysis, forecast and strategies. The study covers key regions that includes United Kingdom (UK) and important players such as Legal & General, Aviva, Royal London, The Exeter, Friends Life, Vitality, AIG, Guardian, SquareHealth, Medical Screening Solutions, Canopy, Anorak, Quilter, iPipeline.
Request a sample report @ https://www.htfmarketreport.com/sample-report/2806177-income-protection-united-kingdom
Summary
Income…
Crop Protection Chemicals Market, Crop Protection Market Research, Crop Protecti …
The crop protection products, likewise crop pesticides, are utilized to decrease the yield losses by the pests and syndromes. Reliant on the Royal Society of Chemicals, nearly 800 chemicals active ingredients are registered for the usage as a crop protection solution across the globe. Such chemicals are widely classified in the fungicides, herbicides and insecticide groups.
The crop protection chemical industry has been converting over the years, with vigorous growth…
Spear Phishing Protection Market - Multi-Layered Malware Protection, Social Engi …
In the highly competitive vendor landscape for the global spear phishing protection market, companies are focusing on the development of technologically advanced and innovative spear phishing protection solutions so as to retain consumers and attract new ones. Focus on expansion across lucrative regional markets is also emerging as a leading growth strategy adopted by players with the view of strengthening their positions and improving growth prospects, observes Transparency Market Research…
Personal Protective Equipment for Mining Market Report 2018: Segmentation by Typ …
Global Personal Protective Equipment for Mining market research report provides company profile for AJ Charnaud, Cordova Safety Products, Cestus, DuPont, Ergodyne, Moldex, 3M, Ansell, Honeywell International, MSA and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to…
