How Has The Fire Protection Materials For Construction Market Size Evolved In Recent Years?
The fire protection materials for construction market has seen considerable growth due to a variety of factors.
• The market size of fire protection materials for construction has seen significant growth in the past few years. The market is expected to increase from $5.02 billion in 2024 to $5.42 billion in 2025, with an 8.0% compound annual growth rate (CAGR).
Factors contributing to this historic growth include the implementation of building codes and regulations, improved safety measures, and risk mitigation strategies, growing population and urbanization, an increased demand for industrial and commercial projects, and requirements set by the insurance industry.
What Are The Estimated Market Size And Expected Annual Growth Rates For Global Fire Protection Materials For Construction Market?
The fire protection materials for construction market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for fire protection materials in the construction industry is anticipated to experience significant growth in the coming years, reaching a valuation of $7.67 billion in 2029 with a compound annual growth rate (CAGR) of 9.0%.
Various factors contributing to this growth during the forecast period include the rise in high-rise building construction, renovation of existing structures, application of fire-resistant coatings, the increased use of fire-resistant insulation, and heightened infrastructure development. Some of the major emerging trends in this period are the adoption of intelligent fire protection systems, solutions for high-rise building fire safety, improved fire testing and certification procedures, the use of fire-resistant glass, and the advent of bio-based fire protection materials.
What Are The Essential Drivers Behind The Growth Of The Fire Protection Materials For Construction Market?
The escalation in the construction sector is characterized by heightened output, revenue, and market scope over a given time frame. This surge is propelled by elements such as demand, investment, and technological progress. The rise in construction is facilitated by rapid urbanization, economic growth, and increased government spending on infrastructure. Including fire protection materials in construction works not only assures safety but also promotes market development by enhancing property worth, guaranteeing regulatory adherence, and pushing the demand for innovative approaches. For example, Construction Digital, a UK-based company that unites all construction brands, reported in June 2023 that the construction industry in the UK is anticipated to surge by 12% in 2024, with an additional 3% uptick in 2025. Therefore, the burgeoning regulations are poised to boost the growth of fire protection materials for the construction market in the future.
How Is The Global Fire Protection Materials For Construction Market Divided Into Key Segments?
The fire protection materials for construction market covered in this report is segmented –
1) By Type: Coatings, Mortar, Sealants And Fillers, Sheets Or Boards, Spray, Preformed Device, Putty, Cast-In Devices, Other Types
2) By Application: Structural, Compartmentation, Opening Protection, Firestopping Materials
3) By End User: Commercial, Industrial, Residential, Other End Users
Subsegments:
1) By Coatings: Intumescent Coatings, Cementitious Coatings, Fire Retardant Paints
2) By Mortar: Fire-Resistant Mortar, Cementitious Fire Mortar
3) By Sealants and Fillers: Firestop Sealants, Firestop Fillers
4) By Sheets or Boards: Fire-Resistant Boards, Mineral Wool Boards
5) By Spray: Spray-Applied Fire-Resistive Materials (SFRM), Foam-Based Fire Sprays
6) By Preformed Device: Firestop Collars, Firestop Plugs
7) By Putty: Firestop Putty, Fire-Resistant Sealant Putty
8) By Cast-In Devices: Firestop Cast-In Boxes, Cast-In Fire Protection Devices
9) By Other Types: Fire Blankets, Fire Curtains
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What Trends Are Reshaping The Future Of The Report Market?
Leading manufacturers in the construction fire materials market are continually directing their efforts towards innovative research and advancements in technology to produce superior fire-resistant materials that can endure fire for prolonged periods and produce less smoke upon combustion. For example, in June 2022, Hempel A/S, a coatings solutions company based in Denmark, introduced a new protective material called Hempafire XTR 100 for the hydrocarbon PFP (passive fire protection) segment. This lightweight coating has been specifically designed for passive fire protection of downstream assets in the oil and gas sector, providing a low dry film thickness.
Who Are the Key Players in the Fire Protection Materials For Construction Market?
Major companies operating in the fire protection materials for construction market include:
• Hilti Corporation
• 3M Company
• Akzo Nobel N.V.
• Morgan Advanced Materials plc
• Isolatek International Co.
• Sherwin-Williams Company
• Rolf Kuhn GmbH
• Specified Technologies Inc.
• Tremco Incorporated
• BASF SE
• USG Corporation
• Hempel A/S
• PPG Industries Inc.
• Fire Protection Coatings Limited
• ETEX SA
• Contego International Inc.
• DowDuPont Inc.
• Saint-Gobain S.A.
• The Lubrizol Corporation
• W.R. Grace & Co.
• GCP Applied Technologies Inc.
• Carboline Company
• Nullifire Ltd.
• Promat International NV
• Rudolf Hensel GmbH
• Sika AG
• Firestone Building Products
• GAF Materials Corporation
• Johns Manville Corp.
• Owens Corning Fiberglass Company
• CertainTeed Corporation
• DuPont de Nemours Inc.
• Firestone Industrial Products Company LLC
• GCP Applied Technologies Inc.
• Henry Company
• National Gypsum Company
• Owens Corning India Pvt. Ltd.
• Rockwool International A/S
• Saint-Gobain Weber India Pvt. Ltd.
• Sto SE & Co. KGaA
What are the Regional Insights into the Fire Protection Materials For Construction Market?
North America was the largest region in the fire protection materials for construction market in 2024. The regions covered in the fire protection materials for construction market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
