Fire Protection Materials Market Expected to Collect USD 4.0 Billion by 2024

(EstateNewsWire.com, January 12, 2022 ) The report "Fire Protection Materials Market for Construction by Type (Coatings, Sealants & Fillers, Mortar, Sheets/Boards, Spray, Preformed Device, Putty, Cast-in Devices), Application (Commercial, Industrial, and Residential) - Global Forecast to 2024", is projected to reach USD 4.0 billion by 2024, at a CAGR of 8.5% from USD 2.7 Billion in 2019. The increased emphasis on passive fire protection systems due to stricter building codes regulated by NFPA and construction regulations is a key driver for this market. The increased number of structural fire accidents globally has created a need for stringent fire safety regulations. Growing construction activities fueled by growing GDP and increased funding in PPP projects have also significantly increased the consumption of fire protection materials globally.

Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=110995901

Coatings are expected to lead the market during the forecast period.

Based on type, fire protection materials are segmented into coatings, mortar, sealants & fillers, sheetsboards, spray, preformed device, putty, and cast-in devices, and others (ablative and perlite). Coatings is estimated to lead the fire protection materials market. This is due its fire proofing application in the construction industry. The growing emphasis on passive fire protection because of the increasing number structural fire incidents globally is expected to put a significant impact on this market. Growing construction activities regulated by stringent building codes and fire safety policies play a crucial role in increasing the demand for fire protection materials.

Commercial construction is projected to be the largest application of fire protection materials during the forecast period.

Commercial construction is projected to dominate the fire protection materials market during the forecast period. The growing demand for passive fire protection system and increased emphasis on fire safety codes and regulations are driving the market in this application.

Don't miss out on business opportunities in Fire Protection Materials Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=110995901

Browse in-depth TOC on "Fire Protection Materials Market”
104 - Market Data Tables
53 - Figures
145 - Pages

North America is expected to account for the largest share of the fire protection materials market during the forecast period.

North America is expected to account for the largest market share during the forecast period. The growth is mainly due to strict implementation of NFPA codes. The growing emphasis on passive fire protection system influenced by fire-stop contractors and regulatory organizations has a huge impact on this market.

The key market players profiled in the report include Hilti Group (Liechtenstein), 3M (US), Specified Technologies Inc. (US), ETEX (Belgium), Morgan Advanced Materials (UK), Akzo Nobel NV (Netherlands), Jotun (Norway), Sika AG (Switzerland), and Rolf Kuhn GmbH (Germany)

Get This Report @ https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=110995901

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

MarketsandMarkets™

Mr. Aashish Mehra

1-888-600-6441

raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com