Size, Share, Emerging Trends, Demand, Growth and Forecast to 2027 – 2 × 6 Sports

The Global Fire Protection Materials Market for construction is expected to reach $ 8.62 billion by 2027, according to a new report from Reports and Data. The market is seeing an increased interest from the construction industry in the use of fire protection materials, as they delay the spread of flames, toxic fumes and smoke, and give sufficient time to continue fire protection methods. ‘evacuation. However, due to the use of expensive raw materials, the high prices of fire safety materials regularly lead to the need to explore and adopt other products as a substitute to reduce the overall cost of the operation and, by therefore, will hamper market demand.

Rapid urbanization has changed the way of life of individuals and thus has widened the ubiquity of the construction sector for commercial purposes on a wide aspect; hence, increasing the market demand for the product. In addition, intensive research and development increases the cost of the final product, making the materials expensive for a considerable part of consumers, especially those in underdeveloped and developing countries, and hence is expected to hamper the growth of the market.

The main participants are 3M, BASF Coating GmbH, Nippon Paint Co. Ltd., Hempel A / S, Pilkington Group Ltd., PPG Industries Inc., Morgan Advanced Materials, Hilti, Akzo Nobel NV and Rectorseal, among others.

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The use of the fire protection material is supported by the Ministry of Science and Technology, the General Directorate of Civil Defense and Fire Services (DGCD), the Ministry of Trade and Industry and the International Center for Advanced Research for Powder Metallurgy and New Materials (ARCI), of the Government of India, thereby increasing the demand for the product in the market. The Central Institute of Plastics Engineering and Technology (CIPET) signed a Memorandum of Understanding with the Government of Karnataka to establish an Advanced Polymer Design and Development Research Laboratory in Bengaluru, which would also assist India to tackle various global issues such as the need for flame retardant polymers, lightweight components and high performance coatings for multiple industries. Scientists at the China University of Science and Technology have produced a new flame retardant building material that can withstand flames of around 1,300 degrees Celsius without disintegrating. A research team has developed a composite airgel with low thermal conductivity and excellent fire resistance. The composite is very durable, porous and exhibits better fire resistance than current insulating materials, such as expanded polystyrene and glass wool. In addition, other countries such as China, Japan and the United States are also supported by their respective governments, which helps them to maintain their position in the market, thus increasing the potential for increased spending in the market. fire protection materials sector.

The impact of COVID-19:

As the COVID-19 crisis develops, manufacturers are rapidly changing their purchasing practices and priorities to meet the demanded demand of a pandemic, which has reduced the need for fire protection materials for the construction on the market. Over the course of a few months, there will be a series of shocks both positive and negative, as manufacturers and their suppliers respond to the changing needs of suppliers. With an unhappy global situation, the export-dependent economies of many regions appear vulnerable. The global construction fire protection materials market is being reshaped by the effects of this pandemic as some suppliers shut down or downsize production, due to lack of downstream market demand. While some see their production suspended by their respective governments as a precautionary measure to fight against the spread of the virus. In some regions, markets are focusing on greater localization, looking at the severity of the outbreak and the resulting actions by different national authorities. Under these circumstances, market conditions in the Asia-Pacific regions have been very fluid, declining every week, making it difficult to stabilize.

For the purpose of this report, reports and data have been segmented into the global Construction Fire Protection Materials market on the basis of type, end use, application, and region:

Type Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, Billions USD; 2017-2027)

  • Sealants
  • Mortar
  • Spray
  • Sheets / Planks
  • Putty
  • Other

End Use Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, Billions USD; 2017-2027)

  • Active fire protection materials
  • Passive fire protection materials

Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, Billions USD; 2017-2027)

  • Residential
  • Commercial
  • Industrial

Regional Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, Billions USD; 2017-2027)

  • North America
  • Europe
  • Asia Pacific
  • MEA
  • Latin America

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Other key findings from the report suggest

  • Based on type, sealants accounted for the largest share of around 28.0% of overall business in 2019. They can be used where joints in walls have a high potential for movement, which is the one of the main advantages.
  • Based on end use, Passive Fire Protection Materials generated sales of $ 2.86 billion in 2019. It helps minimize the amount of damage to a building by giving its inhabitants more time to vent by providing dampers for fire doors and firewalls / floors, which prevents fire / smoke from spreading through the ducts of the house.
  • Commercial construction represents the largest category of applications in the market and held around 52.0% of the overall business in 2019 due to increasing fire safety regulations and strict building codes enforced in the industry. construction of offices, shopping centers, shopping centers, hospitals, colleges, schools, universities and hotels.
  • Asia-Pacific dominated the market in 2019. The region’s constant focus on cost-effective and innovative procedures adopted in the region is driving the market. The Asia-Pacific region holds around 35.0% of the market, followed by Europe, which contains around 27.0% of the market in 2019.

Contents:

Chapter 1. Market synopsis
1.1. Market definition
1.2. Scope and premise of the research
1.3. Methodology
1.4. Market estimation technique
Chapter 2. Executive summary
2.1. Summary overview, 2019-2027
Chapter 3. Indicative measures
Chapter 4. Fire Protection Materials Market for Construction Segmentation and Impact Analysis
4.1. Fire Protection Materials Market for Building Materials Segmentation Analysis
4.2. Industrial outlook
4.2.1. Analysis of market indicators
4.2.2. Market driver analysis
4.2.2.1. Increase public awareness of the safety of residences and workplaces
4.2.2.2. Increase in fire safety codes and growth in construction activities.
4.2.2.3. Growing demand for passive fire protection systems fueled by strict building codes and fire safety policies
4.2.3. Analysis of market constraints
4.2.3.1. High price of fire protection materials due to the use of expensive raw materials
4.3. Technological insights
4.4. Regulatory framework
4.5. ETOP analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive metric space analysis
4.8. Price trend analysis
4.9. Customer mapping
4.10. Covid-19 impact assessment
4.11. Influence of the global recession

Continued…

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