Fire Protection Materials Market projected to exceed 6.78 Billion USD by 2022


Posted May 6, 2019 by armaan007

Fire Protection Materials Market expected to be worth 6.78 Billion USD by 2022, at a CAGR of 8.41%, from 2017–2022

 
The [133 pages report] "Fire Protection Materials Market for Construction by Type (Sealants & Fillers, Mortar, Sheets/Boards, Spray, Preformed Device, Putty, Cast-in Devices), Application (Commercial Construction, Industrial Construction, and Residential Construction) - Global Forecast to 2022", The global fire protection materials market is estimated to be USD 4.52 Billion in 2017 and is projected to reach USD 6.78 Billion by 2022, at a CAGR of 8.41% between 2017 and 2022. Increasing fire safety regulations & codes, and growing construction industry is driving the fire protection materials market.

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Sealants & fillers are the most widely used fire protection materials. Thus, the sealants & fillers type segment is expected to continue its dominance during the forecast period. These products are widely used in building constructions and in steel infrastructures. The putty type segment is expected to grow at the highest CAGR during the forecast period. The demand for putty is increasing in commercial and residential construction applications.

Asia Pacific is expected to be the fastest-growing market for fire protection materials, followed by the Middle East & Africa. Low-base effect coupled with the growing construction industry is expected to drive the fire protection materials market in the Middle East & Africa. Similarly, the increasing population in the Asia Pacific region, along with the development of new technologies and products is projected to drive the Asia Pacific fire protection materials market. Improving lifestyle, increasing income, growing construction industry, and rising population will fuel the growth of the fire protection materials market in developing regions.

Some of the major players operating in the global fire protection materials market are Hilti Group (U.S.), 3M (U.S.), Akzo Nobel N.V. (Netherlands), Morgan Advanced Materials (U.K.), Specified Technologies Inc. (U.S.), Etex (Belgium), Tremco Incorporated (U.S.), BASF SE (Germany), Isolatek International (U.S.), USG Corporation (U.S.), Hempel Group (Denmark), PPG Industries Inc. (U.S.), W.R. Grace & Co. (U.S.), Rolf Kuhn GmbH (Germany), and Rectorseal (U.S.). Most companies have adopted new product launches and expansions as their developmental strategies to sustain in the global fire protection materials market.

Moreover, this report covers the Porter’s Five Forces analysis for an in-depth analysis of the market.

Some of the important manufacturers of fire protection materials are Hilti Group (U.S.), 3M (U.S.), Akzo Nobel N.V. (The Netherlands), Morgan Advanced Materials (U.K.), Specified Technologies Inc. (U.S.), Etex (Belgium), Tremco Incorporated (U.S.), BASF SE (Germany), Isolatek International (U.S.), USG Corporation (U.S.), Hempel Group (Denmark), PPG Industries Inc. (U.S.), W.R. Grace & Co. (U.S.), Rolf Kuhn GmbH (Germany), and Rectorseal (U.S.).

Early buyers will receive 10% customization on this report.

Don't miss out on business opportunities in Fire Protection Materials Market.

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Issued By Markets And Markets
Country India
Categories Construction , Industry , Manufacturing
Tags fire protection materials , fire protection materials applications , fire protection materials industry , fire protection materials manufacturers , fire protection materials market
Last Updated May 6, 2019