Global Fire Protection Materials For Construction Market Report 2022 – Market Forecast, Trends And Strategies

The global fire protection materials for construction market size is expected to grow from $3.81 billion in 2021 to $4.32 billion in 2022 at a compound annual growth rate (CAGR) of 13.4%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The fire protection materials for construction market is expected to reach $6.04 billion in 2026 at a CAGR of 8.7%.

What is the Global Fire Protection Materials For Construction Market?

The fire protection materials for construction market consist of sales of fire protection materials by entities (organization, partnership, sole-traders) that are used to protect the construction sites from fire and other safety situations. Fire-resistant building materials are any materials that resist fire and do not melt for a long time, that is, they can withstand heat long enough for the residents of the structure to safely leave the premises. Fire protection materials include concrete, reinforcement steel, gypsum, cast iron, bricks, asbestos cement, timber, stone, glass, among others.

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What drives the Global Fire Protection Materials For Construction Market?

The growing regulations on the mandatory use of fire safety materials are likely to have a positive impact on the growth of fire protection materials for the construction market. Fire safety standards generally aim to reduce the fire-response of products and materials used in various living environments, such as domestic dwellings, household equipment, furnishings and electronics, buildings, and various modes of transportation. Globally, fire safety standards aim to prevent fires from starting by establishing performance-based norms that, if followed, will improve the fire safety of materials and products. For instance, in March 2020, to improve fire safety in buildings in England and Wales, the Home Office introduced the new Fire Safety Bill. The Fire Safety Act 2021 has passed through the parliamentary process and is implemented as a law in the country. Thus, the growing regulation on the use of fire safety materials will support the further growth of the market.

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Global Fire Protection Materials For Construction Market Segments
The global fire protection materials for construction market is segmented:
By Type: Coatings, Mortar, Sealants and Fillers, Sheets or Boards, Spray, Preformed Device, Putty, Cast-In Devices, Others
By Application: Structural, Compartmentation, Opening Protection, Firestopping Materials
By End User: Commercial, Industrial, Residential, Others
By Geography: The regions covered in the fire protection materials for construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Fire Protection Materials For Construction Global Market Report 2022provides market size and growth forecasts for the global fire protection materials for construction market, global fire protection materials for construction market share, fire protection materials for construction market segments and geographies, fire protection materials for construction market competitive landscape including leading competitors’ revenues, profiles and market shares. The fire protection materials for construction market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Fire Protection Materials For Construction Industry Playersinclude Hilti Corporation, 3M Company, Akzo Nobel N.V., Morgan Advanced Materials, Isolatek International, Sherwin-Williams, Rolf Kuhn GmbH, Specified Technologies Inc, Tremco Incorporated, BASF SE, USG Corporation, Hempel A/S, PPG Industries Inc, Fire Protection Coatings Limited, ETEX SA, and Contego International Inc. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.