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Fire Protection Materials Market for Construction is expected to reach USD 13.11 Bn. by 2030, as per Maximize Market Research.
Fire Protection Materials Market
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Fire Protection Materials Market Dynamics
The fire protection materials market is experiencing notable growth, driven by the increasing demand for enhanced fire safety standards in both residential and commercial buildings. These materials are crucial for slowing the spread of flames, smoke, and toxic fumes, thereby providing more time for fire rescue teams to evacuate people during emergencies. In terms of product type, the fire protection materials market is categorized into sealants & fillers, mortar, sheets/boards, spray, preformed devices, putty, cast-in devices, and others. Among these, the sealants & fillers segment is anticipated to be a major contributor to market growth, largely due to their expanding use in steel infrastructure. Regarding applications, the market is divided into commercial construction, industrial construction, and residential construction. The commercial construction segment is expected to capture a significant share of the market, driven by stringent fire safety regulations in places like schools, universities, offices, hospitals, and hotels.
North America Fire Protection Materials Market is expected to be the largest market.
North America Fire Protection Materials Market is expected to be the largest market. This is due to stringent regulations and codes related to fire safety and growing construction industry in this region. Asia Pacific is expected to grow at a high CAGR during the forecast period.
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Fire Protection Materials Market Scope
Market Size in 2023 USD 7.41 Bn.
Market Size in 2030 USD 13.11 Bn.
CAGR 8.5% (2024-2030)
Forecast Period 2024-2030
Base Year 2023
Regional Scope North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage Market Share, Size & Forecast by Revenue | 2024-2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players' Market Ranking Analysis.
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Fire Protection Materials Market Segmentation
by Product Type
1. Sealants & fillers
2. Mortar
3. Sheets/Boards
4. Spray
5. Preformed device
6. Putty
7. Cast-in Devices
8. Others
by Application
1. Commercial construction
2. Industrial construction
3. Residential construction
Fire Protection Materials Market Key Players
1. Hilti Group (U.S.)
2. 3M (U.S.)
3. Akzo Nobel N.V. (Netherlands)
4. Morgan Advanced Materials (U.K.)
5. Specified Technologies Inc. (U.S.)
6. Etex (Belgium)
7. Tremco Incorporated (U.S.)
8. BASF SE (Germany)
9. Isolatek International (U.S.)
1. 10.USG Corporation (U.S.)
2. 11.Hempel Group (Denmark)
๐ ๐จ๐ซ ๐ ๐๐๐๐ฉ๐๐ซ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐๐ข๐ง๐ , ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/market-report/fire-protection-materials-market/3726/
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