Stratview Research has published a new report titled “Fire Protection Materials Market” which is segmented by Product Type (Sealants & Fillers, Mortar, Sheets/Boards, Sprays, Preformed Devices, Putty, Cast-In Devices, and Others), by Application Type (Commercial, Industrial, and Residential), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, fire Protection Materials Market is likely to witness an impressive CAGR of 8.5% during the forecast period. Expanding construction & infrastructure industry along with the implementation of stringent regulations & codes are the major factors that are expected to drive the fire protection materials market globally.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
Based on the product type, the market is segmented as sealants & fillers, mortar, sheets/boards, sprays, preformed devices, putty, cast-in devices, and others. The sealants & fillers segment dominated the fire protection materials market. However, the fire protection putty segment is estimated to register the highest growth during the forecast period.
Based on the application type, the market is segmented as commercial, industrial, and residential. The commercial segment is expected to witness the highest growth during the forecast period owing to the stringent regulations and policies regarding fire safety in organizations, such as schools, hospitals, hotels, and museums.
Which Region is expected to remain the largest market?
In terms of regions, North America led the market for fire protection materials and is expected to remain dominant during the forecast period. Europe is the second-largest market after North America. Revival of construction industry in North America and Europe after sub-prime crises and Euro debt crises along with the implementation of stringent regulations and codes regarding fire safety are the major factors driving the demand for fire protection materials in these regions. Asia-Pacific is expected to be the fastest-growing market for fire protection materials during the forecast period. China, India, and South Korea are the growth engines of the region. Significant economic development in the region, rising urbanization, and increasing disposable income of consumers are the major factors driving the growth of the Asia-Pacific region in the global fire protection materials market.
Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Fire Protection Materials Market:
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