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Fire Protection Materials Market Size (2024 - 2029)

The fire protection materials market is poised for significant growth, driven by the resurgence of the construction industry post-pandemic and increased industrialization. The demand for fire protective coatings is expected to rise, although technical challenges associated with passive fire protection products may impede progress. The market's expansion is further supported by the growing use of electrical products in buildings and electric vehicles. While the Asia-Pacific region currently leads in market share, North America is projected to experience the most rapid growth rate during the forecast period.

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Market Size of Fire Protection Materials Industry

Fire Protection Materials Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 7.00 %
Fastest Growing Market North America
Largest Market Asia Pacific

Major Players

Fire Protection Materials Market Major Players

*Disclaimer: Major Players sorted in no particular order

Fire Protection Materials Market Analysis

The market for fire protection materials is expected to register a CAGR greater than 7% during the forecast period.

Due to the production suspension and large construction project postponement all over the world, COVID-19 had a severe effect on the fire protection material market. Nevertheless, the industry's demand for fire protective coatings is anticipated to increase with the expanding building market following the pandemic.

  • Increased industrialization and the use of cementitious and intumescent coatings are expected to enhance the market growth.
  • On the flip side, the technical challenges of passive fire protection products are expected to hinder the studied market's growth.
  • During the projected period, it is anticipated that the growing use of electrical products, whether in buildings or electric vehicles, will provide an opportunity for market growth.
  • Asia-Pacific region dominated the market for fire protection products. However, North America is anticipated to register the greatest CAGR during the forecast period.

Fire Protection Materials Industry Segmentation

Fire protection materials are the kind of materials in various forms used in different applications and construction projects to protect them from flammable and non-flammable fires. The fire protection materials market is segmented by material type, application, and geography. By material type, the market is segmented into coatings, sealants and fillers, mortar, sheets and boards, sprays, putty, preformed devices, and other material types. By application, the market is segmented into commercial, industrial/institutional, and residential. The report also gives the market size and forecasts for 15 countries across major regions. The report offers the market size and forecasts in revenue (USD million) for all the above segments.

Material Type
Coatings
Sealants and Fillers
Mortar
Sheets/Boards
Sprays
Putty
Preformed Devices
Other Material Types (Carbon Foam, etc.)
Application
Commercial
Industrial/Institutional
Residential
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Netherlands
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Fire Protection Materials Market Size Summary

The fire protection materials market is poised for significant growth, driven by increased industrialization and the expanding construction sector. The demand for fire protective coatings is expected to rise as the building market recovers post-pandemic. The market is further bolstered by the growing use of cementitious and intumescent coatings. However, the growth trajectory faces challenges due to the technical complexities associated with passive fire protection products. Opportunities for market expansion are anticipated with the increasing adoption of electrical products in buildings and electric vehicles. The Asia-Pacific region currently leads the market, but North America is projected to experience the highest growth rate during the forecast period.

In North America, the fire protection materials market benefits from a robust construction industry, with significant contributions from commercial, industrial, and infrastructure projects. The United States, in particular, plays a pivotal role with its substantial construction sector, which is a major economic driver. The market is also supported by ongoing investments in commercial real estate across regions like Asia-Pacific and the Middle East, where government initiatives are fostering sector development. Key players in the market, such as 3M, BASF SE, and AkzoNobel N.V., are actively innovating, with recent product launches aimed at enhancing fire protection in various applications, including oil and gas assets and electric vehicle batteries.

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Fire Protection Materials Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increased Industrialization and Increased Use of Cementitious and Intumescent Coatings

      2. 1.1.2 Other Drivers

    2. 1.2 Market Restraints

      1. 1.2.1 Technical Challenges of Passive Fire Protection Products

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

    5. 1.5 Patent Analysis

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Material Type

      1. 2.1.1 Coatings

      2. 2.1.2 Sealants and Fillers

      3. 2.1.3 Mortar

      4. 2.1.4 Sheets/Boards

      5. 2.1.5 Sprays

      6. 2.1.6 Putty

      7. 2.1.7 Preformed Devices

      8. 2.1.8 Other Material Types (Carbon Foam, etc.)

    2. 2.2 Application

      1. 2.2.1 Commercial

      2. 2.2.2 Industrial/Institutional

      3. 2.2.3 Residential

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Netherlands

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Fire Protection Materials Market Size FAQs

The Fire Protection Materials Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)

3M, Akzo Nobel N.V., BASF SE, Hempel A/S and PPG Industries, Inc are the major companies operating in the Fire Protection Materials Market.

Fire Protection Materials Market Report Snapshots

Fire Protection Materials Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)