Press release
Fireproofing Material Market to witness at 7.5% CAGR from 2024 to 2033, is expected to reach $2.2 Billion by 2033
Fireproofing Material Market
๐๐ผ๐๐ป๐น๐ผ๐ฎ๐ฑ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐ฃ๐ฎ๐ด๐ฒ๐ ๐ผ๐ณ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ข๐๐ฒ๐ฟ๐๐ถ๐ฒ๐: https://www.alliedmarketresearch.com/request-sample/A269859
๐ฃ๐ฟ๐ถ๐บ๐ฒ ๐ฑ๐ฒ๐๐ฒ๐ฟ๐บ๐ถ๐ป๐ฎ๐ป๐๐ ๐ผ๐ณ ๐ด๐ฟ๐ผ๐๐๐ต
The fireproofing material market is expected to witness substantial growth in the forthcoming years. Rising awareness among consumers, businesses, and industries regarding fire safety imperatives has fueled the demand for fireproofing materials. Notable fire incidents and disasters have underscored the essential requirement for robust fire protection protocols, accelerating the adoption of fireproofing solutions. However, regulatory and compliance hurdles present challenges to market expansion. Nevertheless, technological innovations are anticipated to unlock promising opportunities for the market in the coming years.
๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐๐ผ๐๐ฒ๐ฟ๐ฎ๐ด๐ฒ & ๐๐ฒ๐๐ฎ๐ถ๐น๐:
Forecast Period 2024-2033
Base Year 2023
Market Size in 2023 $1.1 billion
Market Size in 2033 $2.2 billion
CAGR 7.5 %
No. of Pages in Report 250
Segments covered Type, End-use, Region.
Drivers Increase in Awareness of Fire Safety and Increase in Construction Activities
Opportunities Technological innovations
Restraints Regulatory and compliance hurdles
๐ง๐ต๐ฒ ๐ฝ๐น๐ฎ๐๐๐ฒ๐ฟ ๐๐ฒ๐ด๐บ๐ฒ๐ป๐ ๐๐ผ ๐บ๐ฎ๐ถ๐ป๐๐ฎ๐ถ๐ป ๐ถ๐๐ ๐น๐ฒ๐ฎ๐ฑ ๐ฝ๐ผ๐๐ถ๐๐ถ๐ผ๐ป ๐ฑ๐๐ฟ๐ถ๐ป๐ด ๐๐ต๐ฒ ๐ณ๐ผ๐ฟ๐ฒ๐ฐ๐ฎ๐๐ ๐ฝ๐ฒ๐ฟ๐ถ๐ผ๐ฑ.
By type, the plaster segment accounted for the largest share in 2023, contributing to more than one-third of the global fireproofing material market revenue, and is projected to maintain its lead position during the forecast period and is projected to grow at a CAGR of 6.9% from 2023 to 2033.
Plaster fireproofing is a type of fire protection method that involves applying plaster-based materials to structural elements or surfaces to enhance their fire resistance. Plaster fireproofing significantly improves the fire resistance of structural elements, reducing the risk of fire spread and structural failure during a fire. In addition to fire protection, plaster fireproofing also provides thermal insulation, helping to maintain comfortable indoor temperatures and reduce energy.
๐ง๐ต๐ฒ ๐ฐ๐ผ๐บ๐บ๐ฒ๐ฟ๐ฐ๐ถ๐ฎ๐น ๐๐ฒ๐ด๐บ๐ฒ๐ป๐ ๐๐ผ ๐บ๐ฎ๐ถ๐ป๐๐ฎ๐ถ๐ป ๐ถ๐๐ ๐น๐ฒ๐ฎ๐ฑ ๐ฝ๐ผ๐๐ถ๐๐ถ๐ผ๐ป ๐ฑ๐๐ฟ๐ถ๐ป๐ด ๐๐ต๐ฒ ๐ณ๐ผ๐ฟ๐ฒ๐ฐ๐ฎ๐๐ ๐ฝ๐ฒ๐ฟ๐ถ๐ผ๐ฑ
By end-use, the commercial segment accounted for the largest market share in 2023, contributing to more than two-fifths of the global fireproofing material market revenue, and is projected to maintain its lead position during the forecast period and is projected to grow at a CAGR of 7.8% from 2023 to 2033. Fireproofing materials are applied to structural steel elements, such as beams and columns, to protect them from high temperatures and prevent structural failure during a fire. They are used to construct fire-rated walls and partitions that separate different areas of a commercial building and prevent the spread of fire and smoke.
๐ฃ๐ฟ๐ผ๐ฐ๐๐ฟ๐ฒ ๐๐ผ๐บ๐ฝ๐น๐ฒ๐๐ฒ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ (๐ฎ๐ฑ๐ฌ ๐ฃ๐ฎ๐ด๐ฒ๐ ๐ฃ๐๐ ๐๐ถ๐๐ต ๐๐ป๐๐ถ๐ด๐ต๐๐, ๐๐ต๐ฎ๐ฟ๐๐, ๐ง๐ฎ๐ฏ๐น๐ฒ๐, ๐ฎ๐ป๐ฑ ๐๐ถ๐ด๐๐ฟ๐ฒ๐) @ https://www.alliedmarketresearch.com/checkout-final/fireproofing-material-market
๐๐๐ถ๐ฎ-๐ฃ๐ฎ๐ฐ๐ถ๐ณ๐ถ๐ฐ ๐๐ผ ๐บ๐ฎ๐ถ๐ป๐๐ฎ๐ถ๐ป ๐ถ๐๐ ๐ฑ๐ผ๐บ๐ถ๐ป๐ฎ๐ป๐ฐ๐ฒ ๐ฏ๐ ๐ฎ๐ฌ๐ฏ๐ฏ
By region, Asia-Pacific held the highest market share in terms of revenue in 2023, accounting for around half of the fireproofing material market revenue, and is expected to dominate the market during the forecast period. The same region is projected to grow at a CAGR of 7.8% from 2023 to 2033. Asia-Pacific region is undergoing rapid urbanization and a construction boom, particularly in countries such as China, India, and Southeast Asian nations. The increasing construction activities in residential, commercial, and infrastructure sectors are driving the demand for fireproofing materials to enhance fire safety and comply with building codes and regulations.
Moreover, governments and regulatory authorities in the region are implementing stricter building codes and fire safety standards to mitigate fire risks and improve building resilience. The enforcement of these regulations is driving the adoption of fireproofing materials in new construction and renovation projects across various industries.
๐ช๐ฎ๐ป๐ ๐๐ผ ๐๐ฐ๐ฐ๐ฒ๐๐ ๐๐ต๐ฒ ๐ฆ๐๐ฎ๐๐ถ๐๐๐ถ๐ฐ๐ฎ๐น ๐๐ฎ๐๐ฎ ๐ฎ๐ป๐ฑ ๐๐ฟ๐ฎ๐ฝ๐ต๐, ๐๐ฒ๐ ๐ฃ๐น๐ฎ๐๐ฒ๐ฟ๐' ๐ฆ๐๐ฟ๐ฎ๐๐ฒ๐ด๐ถ๐ฒ๐: https://www.alliedmarketresearch.com/fireproofing-material-market/purchase-options
๐๐ฒ๐ฎ๐ฑ๐ถ๐ป๐ด ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฃ๐น๐ฎ๐๐ฒ๐ฟ๐: -
PPG INDUSTRIES, INC
Akzo Nobel N.V
Carboline Company
3M
RPM International Inc.
Iris Coatings S.r.l
Knauf Insulation GmbH
BASF SE
Sika AG
The Sherwin-Williams Company
The report provides a detailed analysis of these key players in the global fireproofing material market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Related Links
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https://www.alliedmarketresearch.com/fire-protection-coating-market
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https://www.alliedmarketresearch.com/firefighting-foam-market
Fluorescent Paint Market : Global Opportunity Analysis and Industry Forecast, 2021-2031
https://www.alliedmarketresearch.com/fluorescent-paint-market-A06142
Waterproofing Membrane Market: Global Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/waterproofing-membrane-market
Waterproofing Products Market: Global Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/waterproofing-products-market-A31432
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