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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. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Fire protection refers to measures undertaken for preventing the outbreak and spread of fire to save lives and properties of individuals. It comprises safe operations, safety planning practices and drills, providing education on fire risks and safety, conducting research and investigations, and training and testing of mitigating systems. It helps secure business processes and valuable goods while retaining access to protected areas. At present, there is a rise in the demand for intumescent paints or coatings in buildings and other structures to insulate surfaces from thermal attacks.
The growing concerns of human and property loss among individuals due to fire accidents, along with the expanding construction industry across the globe, represent one of the key factors driving the market. Moreover, governments of several countries are implementing stringent regulations to promote the use of fire protection materials in residential and non-residential buildings. This, coupled with the increasing utilization of these materials in the oil and gas industry due to the high risk involved in upstream activities, is propelling the growth of the market. In addition, key market players are extensively investing in research and development (R&D) activities to produce improved fire protection materials that can withstand fire for a longer duration and produce less smoke while burning. Besides this, the increasing utilization of safety codes in buildings for occupants and users around the world is offering lucrative growth opportunities to industry investors. Apart from this, the growing employment of fire protection materials in passenger and heavy-duty vehicles for ensuring safe evacuation time for passengers is positively influencing the market. Additionally, rising applications of fire protection materials in mining vehicles to suppress fire by enhancing firefighting operation is bolstering the market growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global fire protection materials market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on material type, distribution channel and application.
Breakup by Material Type:
Breakup by Distribution Channel:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 and Tremco Incorporated (RPM International Inc.).
|Base Year of the Analysis||2021|
|Segment Coverage||Material Type, Distribution Channel, Application, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||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 and Tremco Incorporated (RPM International Inc.).|
|Customization Scope||10% Free Customization|
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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