Fire Protection Materials Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

According to the report published by Facts & Factors, the global Fire Protection Materials Market size was worth around USD 2 billion in 2019 and is predicted to grow around USD 4 billion by 2026 with a compound annual growth rate (CAGR) of roughly 8% between 2020 and 2026. The report analyzes the global Fire Protection Materials Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Fire Protection Materials Market.

The fire protection materials market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Fire Protection Materials market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Units) and value (USD Billion) from FY 2016 – 2026.

This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the Fire Protection Materials industry. The report analyzes and declares the historical and current trends analysis of the fire protection materials industry and subsequently recommends the projected trends anticipated to be observed in the fire protection materials market during the upcoming years.

Key Insights from Primary Research

• According to the primary researcher operating in the global fire protection materials market, the market was valued at USD 2 billion and is expected to be valued over USD 4 billion.
• The fire protection materials market is predicted to witness a significant growth of nearly 8% during 2020-2026 due to the installation of the fire protection system in various sectors.
• By type, the coating segment-headed the market in 2019 due to the use of the coating’s fireproofing application in the construction industry including hospitals, education centers, and offices.
• By application analysis, the commercial category dominated the market, in 2019 owing to increased demand in various construction activities.
• By geography, Asia Pacific is expected to be the fastest-growing market for fire protection materials due to consistent improvement of safety standards in commercial and domestic buildings by government and national regulators.

Key Recommendations from Analysts

• Our analysts recommend that the Sealants & Fillerssegment is anticipated to boost the fire protection materials market owing to its use to get a suitable level of fire protection.
• Due to growing the number of commercial buildings, may create lucrative opportunities for the fire protection materials market in the coming years.
• Due to strict government regulations of fire safety in the industrial area, the industrial segment is anticipated to grow over the forecast period.
• North America is anticipated to constitute the largest market share in the fire protection materials market during the forecast period.
• Strict fire safety regulations towards the implementation of fire safety, increasing awareness in the consumer, and growing expenditure on safety may produce lucrative opportunities in the market.

Market Attractiveness By Application Analysis

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the fire protection materials industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Fire Protection Materials industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Fire Protection Materials market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the fire protection materials industry. The fire protection materials market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Fire Protection Materials sector. Key strategic developments in the fire protection materials market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the fire protection materials market are appropriately highlighted in the report.

Fire protection material is used to reduce undesirable impacts and fire hazards. In many construction sectors, fire-resistant materials are used, and fire-resistant equipment, fire detectors, fire alarms, and automatic fire protection sprinklers are all part of the fire protection scheme. Various sectors including factories, government spaces, transport, and living areas are enforced by fire regulations. The fire systems respond to an emergency, mitigate the risk and prevents the occurrence of a fire event.

Growing automation in buildings and smart cities increases the use of fire protection systems. The installation of fire protection systems in buildings has become popular. This may drive market growth. Rising health issues and environmental concerns for the use of traditional fire protection material and the cost sensitivity of the material in developing countries may impede the market growth.

However, strict fire safety regulations towards implementation of fire safety, increasing awareness among the consumer, and growing expenditure on safety may produce lucrative opportunities in the market. Additionally, technological innovation and growing modernization in the construction industry are the key variables that will boost market growth over the next few years.

The fire protection materials market research report delivers an acute valuation and taxonomy of the Fire Protection Materials industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.

The regional segmentation of the fire protection materials industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the fire protection materials industry is provided for the leading economies of the world.

The fire protection materials market is segmented based on type and application.  On the basis of type segmentation, the market is classified into coatings, mortar, sealants & fillers, sheets/boards, spray, preformed devices, and Putty. In terms of Application segmentation, the market is bifurcated into commercial, industrial, and residential.

Report Scope

Some of the essential players operating in the Fire Protection Materials market, but not restricted to include

•  Hilti Group
•  3M
•  Specified Technologies Inc.
•  ETEX
•  Morgan Advanced Materials
•  Akzo Nobel NV
•  Jotun
•  Sika AG
•  Rolf Kuhn GmbH

The taxonomy of the fire protection materials industry by its scope and segmentation is as follows:

By Type Segmentation Analysis

• Coatings
• Mortar
• Sealants & Fillers
• Sheets/Boards
• Spray
• Preformed Device
• Putty
• Cast-In Devices
• Others (ablative and perlite)

By Application Segmentation Analysis

• Commercial
• Industrial
• Residential

Regional Segmentation Analysis (Customizable)

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa