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

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

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Related
Topics: Building
Materials
, Fire
Protection Materials and Devices

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