Global Fire Protection Materials Market, 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 are expected to drive the demand for fire protection materials globally.

The commercial construction application segment led the fire protection materials market in 2016. The commercial construction application segment is expected to grow at the highest CAGR between 2017 and 2022 due to the growing fire safety regulations in offices, hospitals, schools, universities, and hotels. The growing industrial & residential construction activities in the U.S., the Middle East, and Asia-Pacific countries, such as China, Japan, and India is also driving this segment.

Based on type, the fire protection materials market is segmented into sealants & fillers, mortar, sheets/boards, spray, preformed devices, putty, cast-in devices, and others. The fire protection materials market is led by the sealants & fillers type segment due to their increasing usage in steel infrastructures. The fire protection putty is projected to grow at the highest CAGR during the forecast period.

Currently, North America is the largest market for fire protection materials, in terms of value, followed by Europe. Some of the factors driving the growth of the North American fire protection materials market are stringent regulations and codes related to fire safety, and growing construction industry, along with the upgradation of existing buildings.

Asia-Pacific is expected to be the fastest-growing market for fire protection materials due to high demand for fire protection materials for industrial and commercial construction. The presence of major developing nations of the Asia-Pacific, such as China, India, and South Korea is also a major driver for the fire protection materials market in the region.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Fire Protection Materials Market, By Product Type

7 Fire Protection Materials Market, By Application

8 Regional Analysis

9 Competitive Landscape

10 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/twswmk/fire_protection

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