Fire Protection Material Market is Globally Expected to Drive Growth USD 5.98 billion by 2029 | Exactitude Consultancy

Exactitude Consultancy Market Research analyses that the Fire Protection Material market will witness a CAGR of 8.8% for the forecast period of 2023-2029 and is likely to reach at USD 5.98 billion by 2029 from USD 2.8 billion in 2022.

The study considers the Global Fire Protection Material Market present scenario and its market dynamics for the period 2023-2029. It includes a thorough assessment of a number of trends, constraints, and drivers of market growth. The report evaluates the market size of the Fire Protection Material Market and studies the strategy patterns adopted by the prominent international players. The report also analyses the market’s size in terms of projected revenue for the future. All of the data numbers, such as percentage splits and breakdowns, are calculated from secondary sources and confirmed from original sources. The market’s supply and demand sides are also covered in the research. It provides profiles and analysis of market leaders and other prominent businesses.

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Fire Protection Materials Market Drivers

Bolstering Growth of Automotive Sector:

Fire Protection Materials such as coatings are used in automotive interiors such as seats and dashboards, while in electric vehicles they provide a protective layer to batteries which prevents them from catching fire on getting heated up. Furthermore, as foam products, fire protection materials have high applicability in manufacturing plants where they are majorly used to prevent fire incidence during the manufacturing process.

Fire Protection Materials Market Challenge

Negative Health Effects of Fire Protection Materials:

Fire Protection Materials though have high industrial applicability but negative health effects caused by their consumption could pose a major challenge in the growth of the fire protection materials industry. Improper handling of plaster such as gypsum could lead to workers getting exposed to such items which would result in a series of serious health effects ranging from coughing, sneezing and skin & eyes irritation to nosebleed and upper respiratory problems.

Fire Protection Material Market: Demand Analysis and Opportunity Outlook to 2023-2029

The Fire Protection Material study defines the market size of various segments and countries by historical years and forecasts the value for the next 7 years. The report brings together qualitative and quantitative elements of the Fire Protection Material industry, including: market share, market size (value and volume 2017-2022, and forecast to 2023-2029), in the highly competitive market for each country concerned Express appreciation. Furthermore, the study also caters and provides in-depth statistics on the key elements of Fire Protection Material, which includes drivers and restraints that help in estimating the future growth prospects of the market.

The study pays attention to the loftiest revenue-generating and highest growing segments of the Fire Protection Material market. This makes the research document accurately organized and systematic alongside encouraging a simpler understanding of each facet covered in this report. Major Key players profiled in the report include: AkzoNobel N.V., PPG Industries, Jotun, Sherwin-Williams, Hempel, RPM International, Sika, ETEX group, Kansai Paints and Teknos and others.

Recent Developments

• In May 2022, Henkel launched two new fire protection coating products Loctite EA 9400 and Loctite FPC 5060 which the company has designed to protect electric vehicle batteries against heat and fire in case of a thermal runaway event.
• In July 2021, Trelleborg launched its new lightweight fire-resistant material which could be flame resistant to 1500°C for up to seven hours and has cryogenic performance rated -192°C.
• In July 2021, Perimeter Solutions Acquires Magnum Fire & Safety System which is a manufacturer of firefighting foam equipment and the acquisition will expand the company’s ability in globally develop fire-resistant foam.

Fire Protection Material Market Segmentation:

Fire Protection Material Market by Product Type, 2023-2029, (USD Million, Kilotons)

• Intumescent Coatings
• Cementitious Coatings
• Adhesives & Sealants
• Others

Fire Protection Material Market By Application, 2023-2029, (USD Million, Kilotons)

• Pipe
• Duct
• Steel Fireproofing
• Cable And Wire Tray Fireproofing

Fire Protection Material Market by End-Users, 2023-2029, (USD Billion, and Kilotons)

• Residential
• Commercial
• Infrastructure

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Geographically, the following regions were investigated:

• North America (United States, Canada and Mexico)
• Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
• Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
• South America (Brazil, Argentina, Colombia, and Rest of South America)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

Key market aspects are illuminated in the report:

Executive Summary: It covers a summary of the most vital studies, the Fire Protection Material market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.

Study Analysis: Covers major companies, vital market segments, the scope of the products offered in the Fire Protection Material market, the years measured, and the study points.

Company Profile: Each Firm well-defined in this segment is screened based on a product, value, SWOT analysis, their ability and other significant features.

Manufacture by region: This Fire Protection Material report offers data on imports and exports, sales, production and key companies in all studied regional markets

What is the purpose of this report?

• A thorough review of the Fire Protection Material market, including regional markets.
• Comprehensive coverage of all segments of the Fire Protection Material market to assess trends, developments and market size forecasts till 2023-2029.
• A thorough examination of deals involved in the Fire Protection Material market including product portfolio, revenue, SWOT analysis and recent company advancements are examined in the company profile.
• The growth matrix analyzes the product categories and geographic regions in which market companies should focus their efforts to invest, consolidate, expand and/or diversify.

There are 13 Sections to show the Fire Protection Material market:      

Chapter 1: Fire Protection Material Market Overview, Drivers, Restraints and Opportunities, Segmentation overview

Chapter 2: Market Competition by Manufacturers

Chapter 3: Production by Regions

Chapter 4: Consumption by Regions

Chapter 5: Production, By Types, Revenue, and Market share by Types

Chapter 6: Consumption, By Applications, Market share (%), and Growth Rate by Applications

Chapter 7: Complete profiling and analysis of Manufacturers

Chapter 8: Manufacturing cost analysis, Raw materials analysis, Region-wise manufacturing expenses

Chapter 9: Industrial Chain, Sourcing Strategy, and Downstream Buyers

Chapter 10: Marketing Strategy Analysis, Distributors/Traders

Chapter 11: Market Effect Factors Analysis

Chapter 12: Fire Protection Material Market Forecast

Chapter 13: Fire Protection Material Market Research Findings and Conclusion, Appendix, methodology, and data source

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Key questions answered in the report include:

• What is the growth potential of the Fire Protection Material market?
• Which regional markets will emerge as leaders in the next few years?
• What are the key challenges facing the Fire Protection Material market in the future?
• Who are the most prominent players in the global Fire Protection Material market?
• What are the key trends positively impacting market growth?

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