Title: Fire Protective Materials Market research report by 2016 to 2024
1Fire Protective Materials Market trends research
and projections for 2016- 2024
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2 Global Market Scenario of Fire Protective
Materials Industry
- 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 doesnt 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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3Market Research Reports Key Analytical Components
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4- Product Analysis-
- 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. - Regional Trends-
- 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. - 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.
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5- Competitive Trends
- 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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Materials Market _at_ http//bit.ly/2CInMc2
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