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Fire Protective Materials Market Size, Share and Industry Analysis Report, Regional Outlook, Application Development Potential, Competitive Market Share & Forecast, 2023 – 2032

  • Report ID: GMI2262

Fire Protective Materials Market size will witness lucrative gains from 2023 to 2032 owing to the surging number of fire safety codes worldwide.

The rapid rate of urbanization coupled with the increasing innovations in technologies has contributed to the growing requirement for overall building protection. Subsequently, this has proliferated the requirement for passive fire protection systems. The consistent spending across the construction space and the consequently rising demand for fire protective coatings will also act as a major driver for the industry growth.

Moreover, the considerable spike in the number of building and construction projects has bolstered the demand for fire protective materials. As per Invest India, the construction sector in India is set to reach USD 1.4 trillion by 2025. The increasing industrialization along with the growing adoption of intumescent and cementitious coatings is expected to further supplement industry growth.

Based on product, the fire protective materials market from sealants segment is anticipated to register considerable gains through 2032 which can be credited to their increasing usage in household units. The increasing need for sealants across steel structures will also create a strong impetus for market growth.

Based on application, fire protective materials industry from commercial segment is poised to observe substantial revenue share through 2032, due to surging progressions across the retail sector.

The increase in the number of commercial centers has led to the growing requirement for passive fire protection systems.  Furthermore, the mounting concerns over the rapid spread of fire, especially across commercial spaces such as hospitals, education centers, institutions, and others has proliferated the demand for fire protective materials. Besides this, the increasing investment and the surge in fire safety regulations and codes will foster profound influence on market expansion.

North America fire protective materials market is estimated to register considerable growth through 2032, driven by the surging gas and oil drilling projects coupled with growing construction industry. In fact, regional growth can also be ascribed to growing government regulations and robust presence of prominent fire-stopping market players, such as the 3M company, PPG Industries, and others.

For instance, in February 2023, PPG Industries, an American paint and coating manufacturing company, launched PPG STEELGUARD® 951, an epoxy intumescent coating for fire protection. The product caters to the rising needs of modern architectural steel to provide cellulosic fire protection for up to three hours.  

Some of the prominent fire protective materials market contenders are Morgan Advanced, Svt Holding GmbH, BASF Coating GmbH, and 3M Company, among others. These companies are emphasizing product innovations to consolidate their industry presence. Citing an instance, in June 2022, Hempel Holding A/S announced the launch of Hempafire XTR 100, its new hydrocarbon PFP coating. The product offers up to four hours of UL 1709-certified fire protection and insulates the steel in case of a hydrocarbon pool fire.

The Russia-Ukraine war had a negative impact on the fire protective materials industry on account of the shortage of raw materials and disruptions in supply chains. Both countries are major producers of sealants, which are the commonly used fire protective materials. The geopolitical tension also affected the international trade of sealants, hindering industry growth. However, the consolidated efforts by governments across the world towards ending the war are anticipated to bring some relief to the fire protective materials market expansion. 

What Information does this report contain?

Historical data coverage: 2018 to 2022; Growth Projections: 2023 to 2032.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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Our Market Research Reports Include:

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