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Fire Protective Materials Market report for 2024 – Companies, applications, products and more

Press Release   •   Jan 09, 2018 03:53 EST

Fire Protective Materials Market is likely to grow at a steady rate from 2016 to 2024 due to increasing fire safety codes and growth in construction activities.

Fire protective materials help to resist and withstand burning. These protective materials are bifurcated into active and passive fire protective materials. Active fire protective materials are used manually or automatically which require some action or motion for fire suppression such as spray, sprinkler system, extinguisher etc. and passive fire protective materials are those which are deployed in infrastructure and doesn’t require any motion or action. The overall building protection is carried out by using fire resistance walls, doors, liners etc. Increasing awareness of public safety and security, stringent government rules about pyro safety, probable loss of valuable assets, technological advancement and rapid urbanization will drive the market in coming years. Use of these products in structural buildings of oil & gas industry to avert damage caused by explosion will also propel the market growth. The protective materials incorporated in buildings not only provide fire protection but also provide stability, integrity, and insulation. Innovation in products such as use of carbon reinforced fiber in reactive insulation coating, water based coatings, epoxy intumescent coatings, etc. will provide opportunities for industry growth in the future. Environmental & health concern along with high price of raw materials are the restraining factors of this industry.

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Fire protective materials are available in different types such as sealant & fillers, mortar, sheets/boards, cast-in devices, cementitious material, duct tape, intumescent coating, and others such as pyro blocks, asbestos, etc. Cementitious materials are expected to boost the industry owing to its use for thermal and acoustic insulation in steel infrastructures. It is comparatively low cost and has quick application time, making it a popular product among end-users. Sealant & fillers is also likely to witness high growth due to its increased usage in steel infrastructures. Putty will also have a significant market share due to increase in commercial infrastructure construction activities in developing and developed countries.

Based on application, fire protective materials are used in doors, windows, fire resistance glass, cables, linings, screens, and other structures such as wire tray, structural steel fire proofing cables, etc.

Based on end-user industry, fire protective materials are used in commercial, industrial, & residential construction, oil & gas, pharmaceuticals, aviation, electronic, petrochemical, and other industries such as aerospace, chemical, etc. Commercial construction is expected to boost the protective material market due to increasing product demand in construction of schools, colleges, hospitals, offices, universities etc. Residential construction is likely to contribute a significant market share in the industry due to rapid urbanization as well as technological adaptation in the construction industry in developing countries. Petrochemical industry will also contribute to the market growth of protective materials owing to explosive and highly flammable compounds that this industry deals with.

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North America is likely to be one of the largest regional market for these products in terms of volume and value, owing to reasons such as stringent government codes regarding pyro safety, upgradation of existing infrastructure according to new legislations, and growing construction industry.

High fire protective materials demand in Asia-Pacific due to rapid industrial and commercial construction in developing countries such as India, Japan, China, South Korea will augment the market in this region.

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Middle East & Africa is also likely to have substantial share in this market owing to rapid urbanization and industrial development. The growing disposable income coupled with awareness about pyro safety measures will propel the market in this region. FIFA world cup in Qatar in 2022 will boost the construction industry in the Middle East which in turn will propel the market growth.

The key participants in this industry are The Sherwin Williams Company, Hempel A/S, 3M Company, Nippon Paint Co. Ltd, Akzo Nobel N.V, BASF Coating GmbH, Rolf Kuhn GmbH. Some other notable players are PPG Industries Inc., Svt Holding GmbH, Hilti Group, Isolatek International, Termo Incorporated, Rectorseal, Morgan Advanced, Contego International Inc, Pilkington Group Ltd, etc.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.