Uploaded on Apr 19, 2021
Fire Protection Materials Market Business Challenges, Competition Analysis, Companies & Forecast
Fire Protection Materials Market
Fire Protection Materials Market Business Challenges, Competition Analysis, Companies &
Forecast
Market Overview
Fire protection material are materials that help resist and withstand fire. These materials are used to
reduce the effects of destructive fires by minimizing the harm caused to the body. These materials
can be classified into active fire protection materials or passive fire protection materials. Active fire
protection materials are those that require some kind of motion and action for its protection such as
the fire extinguishers used by the fire fighters, whereas passive fire protection materials are those
that are installed in a building, which do not require any motion or action such as the fire resistant
walls, floors, and fire doors.
The increase in number of fire accidents, leading to the loss of life and valuable assets has made
various construction companies more vigilant, compelling them to employ fire protection measures
for safety, in turn, boosting the fire protection materials market. Moreover, the increase in demand
from the major application industries, such as industrial and commercial constructions and oil and
gas industries, has boosted the market growth.
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Market Dynamics
North American market is the largest market for fire protection materials. Owing to well-established
industries and increased safety awareness among the populace, North American market is expected
to sustain its leading position during the forecast period. Moreover, stringent laws and regulations
specified by the OSHA, ANSI, UL, NFPA, and CCOHS in countries such as America and Canada,
specifies the standards that products are required to adhere to and fire codes. This creates an
increase in demand for Fire protection products. According to the National Fire Protection
Association (NFPA), a decrease of around 21% in fire hazards has been observed over the last 5-10
years, which is mainly due to the adequate use of fire protection materials and the amendments of
strict fire codes across the region. In addition to this, growth of the aerospace industry has further
augmented the demand for fire protection materials in the region.
Fire Protection Materials Market Taxonomy:
On basis of product type, the global fire protection market is segmented into:
•Sealants
•Fillers
•Mortar
•Sheets/Boards
•Cementitious Spray
•Putty
•Cast-in Devices
•Duct tape
•Intumescent Coatings
•Fire blocks
•Asbestos
•Others
The major players in the fire protection materials market include Hilti Group, 3M Co, Akzo Nobel
N.V., Morgan Advanced Materials, Specified Technologies Inc., Etex, Tremco Incorporated, BASF
SE, Isolatek International (U.S.), USG Corporation, Hempel Group, PPG Industries Inc., W.R.
Grace & Co., Rolf Kuhn GmbH, and Rectorseal.
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