Fire Protection Materials Market, 2024-2030

Fire protection materials are a kind of materials employed in applications that help ensure safety of human and buildings from hazards associated with fire. There are two kind of materials use for application, passive fire protection material and active. The passive material includes fire resistant boards, sealants and fire-resistant materials, such as mineral wool and fire proof coatings. Active fire protection materials include fire extinguishing foams, chemicals, water and sprays also constitute an important part of fire protection materials.

Fire protection materials helps to delay the spread of flames, smoke and toxic fumes and give people more time to fire engine personnel to rescue people from a critical situation. Safeguarding and protection of human life and property are major concerns for construction industry incumbents in regions across the globe. This also stems from the need to avoid costs associated with loss of time and human effort as a result of fire accidents.

The global fire protection materials market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global fire protection materials market is growing at a fast pace and increasing its geographical footprint rapidly. The global Fire protection materials market is valued at US $ xxx million dollars in 2019 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2024 in value.

The growth is comparatively higher in Europr and US region due increasing construction sector and increasing demand for improved fire safety standards in the residential and commercial buildings sector. The major growth driver for fire protection materials market globally is various regulatory bodies have imposed strict regulations for implementation of fire safety procedures along with the development of stringent building and safety codes. These regulations have been making it mandatory for organizations to adhere to fire safety specifications at workplaces.

High cost of fire protection materials due to use of expensive raw materials and inconsistency in the actual implementation of fire safety and prevention procedures in certain regions of the world are the major impediments to the expansion of global fire protection materials market.

Fire protection materials enjoy wide usage across all major regions in the world including Europe, APAC, North America, Middle East, Africa, and Latin America. These regions serve large number of manufacturers and supplier and are hence responsible for the growth of fire protection materials market globally. The companies that lead global market are The Sherwin Williams Company, Hempel A/S, 3M Company, Nippon Paint Co. Ltd, Akzo Nobel N.V, BASF Coating GmbH, Rolf Kuhn GmbH. Some other notable players are PPG Industries Inc., Svt Holding GmbH, Hilti Group, Isolatek International, Termo Incorporated, Rectorseal, Morgan Advanced, Contego International Inc, Pilkington Group Ltd, and USG Corporation.

Research Methodology

The research process includes the market segmentation of the global fire protection materials market, identifying the growth determinants of every market segment and market forecasts. The primary source from the supply side includes industry experts, CEOs, vice president, directors, and key executives of various industry players. The primary source from demand side includes marketing manager and experts from various application industries. Market Krystal held more than 40 interviews for this study, details of which are mentioned:

By company type:

Manufacturers (35%), Suppliers (25%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (25%), Asia (40%), Europe (20%), Rest of the World (15%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

• Insights on the global fire protection materials industry dynamics
• Estimation of the present global fire protection materials market size in terms of value and volume
• Global fire protection materials market breakup based on type and application
• Substantiated global fire protection materials market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of global fire protection materials industry value chain.