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At a CAGR of 9.9% between 2022 and 2030, the global market for fireproofing materials is projected to reach $8.78 billion by 2030.
Fireproofing materials and coatings are used to increase the fire resistance of buildings, materials, and surfaces. These components are meant to contain fires, reduce the spread of heat, and protect people from potential danger. Fireproofing materials are widely used in the construction industry to make buildings safer from the spread of fire. They are installed on steel beams, columns, and floors to reduce the speed of a fire's spread and buy people more time to evacuate.
The Effect of COVID 19 on the International Market for Fire Resistant Materials
The worldwide pandemic has wreaked havoc on supply chains, especially those involved in the production and distribution of fireproofing materials. Production, transportation, and trade restrictions have all had an effect on the total supply of fireproofing materials by delaying the availability of raw materials and finished commodities. The construction sector, which uses a lot of fireproofing materials, slowed significantly during the pandemic. Lockdown processes, manpower difficulties, and economic instability have all contributed to project delays, cancellations, and reduced construction activity. This has an effect on the need for fireproofing materials in the building sector. The immediate concerns of businesses and industries have been the implementation of COVID-19 safety measures, the implementation of remote work arrangements, and the resolution of operational challenges. Because of this, it's probable that fireproofing equipment and procedures haven't gotten the attention or funding they deserved.
Reasons That Really Matter
Fireproofing materials have seen substantial expansion and development in recent years. Fire prevention and protection methods are more important than ever in high-risk industries including manufacturing, transportation, and building and construction. Awareness of the importance of fire protection has increased as a result of a renewed emphasis on safety and the potential consequences of fire. Therefore, there is a growing demand for fireproofing supplies. Many sectors rely on fireproofing materials to protect their buildings, equipment, and assets. In the building industry, for instance, fire-resistant coatings are applied to steel structures to prevent or delay structural collapse in the event of a fire. To prevent heat and flame damage to aircraft components, the aerospace industry use similar fireproof insulation materials. The increasing demand for fireproofing solutions has led to the expansion of the market. Public efforts and educational programmes emphasising fire safety have had a major impact on the demand for fireproofing materials.
Significant Limiting Factors
It's possible that different cities or industries will have different standards for building codes and fire safety. Maintaining compliance with the latest regulations can be a challenge for manufacturers and consumers. It could be time-consuming and complicated to keep up with ever-evolving certification requirements and regulatory requirements. While more people are becoming aware of the need of fire safety, there is still a need for continued education and awareness programmes to disseminate information about the benefits and significance of fireproofing materials. It's possible that many individuals and businesses don't properly appreciate fire hazards or take adequate fire safety measures. Communicating the value and proper use of fireproofing materials to relevant parties remains a challenge.
Sheet/Board, Sealant, Mortar, Spray, and Putty are all subsets of the global fireproofing products industry. The sealants subsector is expected to maintain its status as the market leader during the projection horizon. Improved adhesion, flexibility, chemical resistance, and environmental sustainability are just some of the benefits of ongoing research and development into the sealant sector. The proliferation of cutting-edge tools and novel chemical compounds has also broadened sealants' scope of application. Conversely, putty is expected to have the fastest market growth within the study's time frame. The development of environmentally friendly and low-VOC (volatile organic compound) putties is one example of the consistent product innovation that contributes to the growth of the putty market. Specialty putties with enhanced fire-resistance, chemical-resistance, or high-temperature-resistance are being developed by manufacturers to fulfil demands in a variety of industries.
The global market for fireproofing materials can be broken down into three distinct sectors: commercial, industrial, and residential. Over the estimated timeframe, the commercial construction sector will represent the market's largest application. The global market for fireproofing products is growing as construction activity rises. As science and engineering have progressed, safer and more eco-friendly methods of fireproofing have been developed. As sustainable building practises become more common, there is a greater demand for fireproofing materials that are both effective and safe for the environment. However, the industrial sector is expected to increase at the quickest rate during the predicted period. Refineries, chemical factories, and power plants all have steel and concrete in their construction and require fire protection. These buildings are often treated with intumescent coatings or sprayed with fireproofing materials to make them more fire resistant. The demand for fireproofing materials is driven by the need to meet regulations, to keep operations running, and to meet insurance requirements. Industries such as oil and gas, petrochemicals, power generation, and manufacturing all have high-value assets and complex processes that call for reliable fire prevention measures.
Report Coverage
Global Fire Proofing Materials research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Fire Proofing Materials report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Fire Proofing Materials competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Fire Proofing Materials market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Fire Proofing Materials market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Fire Proofing Materials market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Technologies Inc. (U.S.), Trelleborg AB (publ) (Sweden), BASF SE (Germany), PPG Industries Ohio, Inc.(U.S.), 3M (U.S.), Akzo Nobel N.V (Netherlands), Etex Group (Belgium), Morgan Advanced Materials (U.K.), ROCKWOOL Asia (Denmark), svt Group of Companies (U.S.), Sika AG (Switzerland), The Sherwin-Williams Company (U.S.), Unifrax (U.S.), SCHOTT AG (Germany), Nippon Sheet Glass Co. Ltd. (Japan), Saint Gobain S.A (France), Henkel AG and Co. KgaA (Germany)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Fire Proofing Materials market based on the below-mentioned segments:
Global Fire Proofing Materials Market, By Type
Sheet/Board
Sealant
Mortar
Spray
Putty
Global Fire Proofing Materials market, By Application
Commercial
Industrial
Residential
Global Fire Proofing Materials market, Regional Analysis
Fireproofing materials and coatings are used to increase the fire resistance of buildings, materials, and surfaces. These components are meant to contain fires, reduce the spread of heat, and protect people from potential danger. Fireproofing materials are widely used in the construction industry to make buildings safer from the spread of fire. They are installed on steel beams, columns, and floors to reduce the speed of a fire's spread and buy people more time to evacuate.
The Effect of COVID 19 on the International Market for Fire Resistant Materials
The worldwide pandemic has wreaked havoc on supply chains, especially those involved in the production and distribution of fireproofing materials. Production, transportation, and trade restrictions have all had an effect on the total supply of fireproofing materials by delaying the availability of raw materials and finished commodities. The construction sector, which uses a lot of fireproofing materials, slowed significantly during the pandemic. Lockdown processes, manpower difficulties, and economic instability have all contributed to project delays, cancellations, and reduced construction activity. This has an effect on the need for fireproofing materials in the building sector. The immediate concerns of businesses and industries have been the implementation of COVID-19 safety measures, the implementation of remote work arrangements, and the resolution of operational challenges. Because of this, it's probable that fireproofing equipment and procedures haven't gotten the attention or funding they deserved.
Reasons That Really Matter
Fireproofing materials have seen substantial expansion and development in recent years. Fire prevention and protection methods are more important than ever in high-risk industries including manufacturing, transportation, and building and construction. Awareness of the importance of fire protection has increased as a result of a renewed emphasis on safety and the potential consequences of fire. Therefore, there is a growing demand for fireproofing supplies. Many sectors rely on fireproofing materials to protect their buildings, equipment, and assets. In the building industry, for instance, fire-resistant coatings are applied to steel structures to prevent or delay structural collapse in the event of a fire. To prevent heat and flame damage to aircraft components, the aerospace industry use similar fireproof insulation materials. The increasing demand for fireproofing solutions has led to the expansion of the market. Public efforts and educational programmes emphasising fire safety have had a major impact on the demand for fireproofing materials.
Significant Limiting Factors
It's possible that different cities or industries will have different standards for building codes and fire safety. Maintaining compliance with the latest regulations can be a challenge for manufacturers and consumers. It could be time-consuming and complicated to keep up with ever-evolving certification requirements and regulatory requirements. While more people are becoming aware of the need of fire safety, there is still a need for continued education and awareness programmes to disseminate information about the benefits and significance of fireproofing materials. It's possible that many individuals and businesses don't properly appreciate fire hazards or take adequate fire safety measures. Communicating the value and proper use of fireproofing materials to relevant parties remains a challenge.
Sheet/Board, Sealant, Mortar, Spray, and Putty are all subsets of the global fireproofing products industry. The sealants subsector is expected to maintain its status as the market leader during the projection horizon. Improved adhesion, flexibility, chemical resistance, and environmental sustainability are just some of the benefits of ongoing research and development into the sealant sector. The proliferation of cutting-edge tools and novel chemical compounds has also broadened sealants' scope of application. Conversely, putty is expected to have the fastest market growth within the study's time frame. The development of environmentally friendly and low-VOC (volatile organic compound) putties is one example of the consistent product innovation that contributes to the growth of the putty market. Specialty putties with enhanced fire-resistance, chemical-resistance, or high-temperature-resistance are being developed by manufacturers to fulfil demands in a variety of industries.
The global market for fireproofing materials can be broken down into three distinct sectors: commercial, industrial, and residential. Over the estimated timeframe, the commercial construction sector will represent the market's largest application. The global market for fireproofing products is growing as construction activity rises. As science and engineering have progressed, safer and more eco-friendly methods of fireproofing have been developed. As sustainable building practises become more common, there is a greater demand for fireproofing materials that are both effective and safe for the environment. However, the industrial sector is expected to increase at the quickest rate during the predicted period. Refineries, chemical factories, and power plants all have steel and concrete in their construction and require fire protection. These buildings are often treated with intumescent coatings or sprayed with fireproofing materials to make them more fire resistant. The demand for fireproofing materials is driven by the need to meet regulations, to keep operations running, and to meet insurance requirements. Industries such as oil and gas, petrochemicals, power generation, and manufacturing all have high-value assets and complex processes that call for reliable fire prevention measures.
Report Coverage
Global Fire Proofing Materials research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Fire Proofing Materials report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Fire Proofing Materials competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Fire Proofing Materials market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Technologies Inc. (U.S.), Trelleborg AB (publ) (Sweden), BASF SE (Germany), PPG Industries Ohio, Inc.(U.S.), 3M (U.S.), Akzo Nobel N.V (Netherlands), Etex Group (Belgium), Morgan Advanced Materials (U.K.), ROCKWOOL Asia (Denmark), svt Group of Companies (U.S.), Sika AG (Switzerland), The Sherwin-Williams Company (U.S.), Unifrax (U.S.), SCHOTT AG (Germany), Nippon Sheet Glass Co. Ltd. (Japan), Saint Gobain S.A (France), Henkel AG and Co. KgaA (Germany) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Fire Proofing Materials Market from 2021 to 2030.
- Market Forecast for Fire Proofing Materials Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Fire Proofing Materials competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Fire Proofing Materials
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Fire Proofing Materials market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Fire Proofing Materials market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Technologies Inc. (U.S.), Trelleborg AB (publ) (Sweden), BASF SE (Germany), PPG Industries Ohio, Inc.(U.S.), 3M (U.S.), Akzo Nobel N.V (Netherlands), Etex Group (Belgium), Morgan Advanced Materials (U.K.), ROCKWOOL Asia (Denmark), svt Group of Companies (U.S.), Sika AG (Switzerland), The Sherwin-Williams Company (U.S.), Unifrax (U.S.), SCHOTT AG (Germany), Nippon Sheet Glass Co. Ltd. (Japan), Saint Gobain S.A (France), Henkel AG and Co. KgaA (Germany)
Primary Target Market
- Market Players of Fire Proofing Materials
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Fire Proofing Materials market based on the below-mentioned segments:
Global Fire Proofing Materials Market, By Type
Sheet/Board
Sealant
Mortar
Spray
Putty
Global Fire Proofing Materials market, By Application
Commercial
Industrial
Residential
Global Fire Proofing Materials market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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