Mar 3, 2020   SOURCE: BusinessWire

Global Fire Protection Materials Market Size is Estimated to Grow from USD 2.7 Billion in 2019 to USD 4.0 Billion by 2024 - ResearchAndMarkets.com

The "Fire Protection Materials Market for Construction by Type (Coatings, Sealants & Fillers, Mortar, Sheets/Boards, Spray, Preformed Device, Putty, Cast-in Devices), Application (Commercial, Industrial, and Residential) - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The global fire protection materials market size is estimated to grow from USD 2.7 billion in 2019 to USD 4.0 billion by 2024, at a CAGR of 8.5%.

Increasing demand for passive fire protection system is expected to drive the global market

Strict building codes & building regulations, and increased emphasis on passive fire protection materials are driving the market for fire protection materials market. Higher costs of these materials and lack of awareness among consumers are restraining the growth of the market.

Putty is expected to be the fastest-growing segment of the market in terms of value between 2019 and 2024

The putty segment is expected to witness the highest growth in terms of value during the forecast period. The growing use of putty in various fire-stop applications in construction activities, along with its properties, such as compatibility with almost every construction and building material is driving this market.

Commercial construction application segment is estimated to witness the highest growth rate between 2019 and 2024

Commercial construction is projected to dominate the fire protection materials market during the forecast period. The growing demand for a passive fire protection system and increased emphasis on fire safety codes and regulations are driving the market in this application. An increase in commercial activities, such as tourism, education, healthcare, retail, and other services has augmented the need for commercial buildings and establishments. This has increased the demand for fire protection materials in commercial construction.

North America is expected to account for the largest market share

North America is expected to be the largest market during the forecast period. The growing emphasis on passive fire protection systems as a result of the increasing number of structural fire accidents has a huge impact on this market. The market in North America is mature and is majorly driven by regulatory associations and organizations, along with licensed contractors and product listing. With the increase in commercial and industrial construction segments, the demand for fire protection materials in the region is expected to continuously grow.

Reasons to Buy this Report:

This research report is focused on various levels of analysis - industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the fire protection materials market; high-growth regions; and market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on fire protection materials offered by top players in the global market
  • Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and new product launches in the fire protection materials market
  • Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the markets for fire protection materials across regions
  • Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global fire protection materials market
  • Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the fire protection materials market

Key Topics Covered:

1 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.3 Market Scope

1.4 Stakeholders

2 Research Methodology

2.1 Research Data

2.2 Market Size Estimation

2.3 Data Triangulation

2.4 Research Assumption

3 Executive Summary

4 Premium Insights

4.1 Attractive Market Opportunities for Fire Protection Materials Manufacturers

4.2 Fire Protection Materials Market, By Region

4.3 Fire Protection Materials Market Share, By Application

4.4 North America: Fire Protection Materials Market, By Type and Country

4.5 Fire Protection Materials Market Attractiveness

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.3 Porter's Five Forces Analysis

6 Fire Protection Materials Market, By Type

6.1 Introduction

6.2 Coatings

6.3 Mortar

6.4 Sealants & Fillers

6.5 Sheets/Boards

6.6 Spray

6.7 Preformed Device

6.8 Putty

6.9 Cast-In Devices

6.10 Others

7 Fire Protection Fire Protection Materials Market, By Application

7.1 Introduction

7.2 Commercial

7.3 Industrial

7.4 Residential

8 Fire Protection Fire Protection Materials Market, By Region

8.1 Introduction

8.2 North America

8.3 Europe

8.4 APAC

8.5 Middle East & Africa

8.6 South America

9 Competitive Landscape

9.1 Overview

9.2 Competitive Leadership Mapping

9.3 Key Market Players

10 Company Profiles

10.1 Hilti Group

10.2 3M

10.3 Akzo Nobel N.V.

10.4 Morgan Advanced Materials

10.5 Specified Technologies Inc.

10.5.7 Specified Technologies Inc.'S Right to Win

10.6 ETEX

10.7 Tremco Incorporated

10.8 BASF SE

10.9 Isolatek International

10.10 USG Corporation

10.11.1 Hempel Group (Denmark)

10.11.2 PPG Industries Inc. (US)

10.11.3 W. R. Grace & Co. (US)

10.11.4 Rolf Kuhn GmbH.(Germany)

10.11.5 Fire Protection Coatings Limited (UK)

10.11.6 No-Burn Inc.(US)

10.11.7 The Sherwin-Williams Company (US)

10.11.8 Contego International Inc. (US)

10.11.9 Sika Group (Switzerland)

10.11.10 Supremex Equipments (India)

10.11.11 Den Braven (The Netherlands)

10.11.12 Walraven (The Netherlands)

10.11.13 Tenmat LTD. (UK)

10.11.14 Dufaylite Developments LTD (UK)

10.11.15 Rectorseal (US)

For more information about this report visit https://www.researchandmarkets.com/r/gwlnpv