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The Fire Protection Materials Market for the Global Construction Industry (2018-2025) - ResearchAndMarkets.com

17 December 2018

DUBLIN--(BUSINESS WIRE)-- The "Fire Protection Materials Market for Construction Industry Analysis Report By Type (Sheet/Board, Sealant, Mortar, Spray, Putty), By Application (Commercial, Industrial, Residential), And Segment Forecasts, 2018 - 2025" report has been added to ResearchAndMarkets.com's offering.

The global fire protection materials for construction market size is expected to reach USD 8.1 billion by 2025, projecting an 8.4% CAGR during the forecast period.

The market is anticipated to grow with the implementation of fire safety regulations and strict building codes. In addition, rising awareness among people toward fire safety is anticipated to trigger market growth.

Improving attitude toward building safety codes, along with increasing fire hazard incidents, is anticipated to boost sales of fire protection materials around the globe. These materials have immense growth potential and can partially replace traditional construction materials such as sealants, putty, and coating sprays.

Key manufacturers constantly focus on high-end research and technological advancements to produce improved fire protection materials that can withstand fire for a longer duration and produce less smoke when burnt.

Key Findings

  • By type, putty is expected to be the fastest-growing segment, in terms of revenue, exhibiting a CAGR of 9.3% from 2017 to 2025. Sealants, on the other hand, formed the largest segment in terms of revenue in 2016 owing to its growing usage as a primary fire protection material in steel infrastructure.
  • Commercial construction is projected to emerge as the largest as well the fastest growing application segment on account rising fire safety regulations and strict building codes for offices, shopping centers, malls, hospitals, schools, colleges, universities, and hotels.
  • Implementation of strict fire safety regulations, coupled with high disposable income and awareness among public toward fire safety, has made North America the largest consumer of fire protection materials for construction.
  • Parameters such as stability of a structure in case it is exposed to fire are taken into consideration while developing new products.

Market Dynamics

Drivers

  • Growing Construction Spending
  • Growing Stringent Fire Safety Regulations

Restraints

  • High Price of Fire Protection Materials

Opportunities

  • New Market Avenues

Topics Covered

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Market Variables, Trends & Scope

Chapter 4 Fire Protection Materials For Construction Market: Type Estimates & Trend Analysis

Chapter 5 Fire Protection Materials For Construction Market: Application Estimates & Trend Analysis

Chapter 6 Fire Protection Materials For Construction Market: Regional Estimates & Trend Analysis

Chapter 7 Competitive Landscape

Chapter 8 Company Profiles

  • AkzoNobel N.V.
  • 3M
  • Sika AG
  • BASF SE
  • Morgan Advanced Materials
  • Etex S.A.
  • Hilti
  • RectorSeal
  • PPG Industries Inc.
  • Sherwin Williams Company

For more information about this report visit https://www.researchandmarkets.com/research/nnq3gv/the_fire?w=4