Fireproofing Materials Market
Forecast to 2028 - Covid-19
Impact and Global Analysis - by Source; Function; Application and Geography
Global Fireproofing Materials Market was valued at USD 0.77 billion in 2021 and is expected to reach USD 1.54 billion by the year 2028, at a CAGR of 10.4%.
Fireproofing offers materials and structures resistance to fire so that during an accidental case of fire the critical structures keep operating until the fire is brought under control. Fireproofing is known as applying certain products over the materials or structures which overcome the rise of fire and hence, plant operators get sufficient to play against the fire. In refineries, petrochemical plants, power plants, process terminals, and many other places where the chances of fire are high, different codes and standards (like NFPA) suggest the licensor apply to fireproof. For that purpose, Equipment and structures are fireproofed up to a certain height or whole equipment as dictated by guidelines. Moreover, safeguarding and protecting human life and property are major concerns for the construction industry bearer in regions over the world. This also stems from the requirement to avoid costs related to loss of time and human effort as a result of fire accidents. These factors have been motivating various industries across sectors to install Fireproofing systems wherever needed and feasible.
To recap, the report's writers examined the Fireproofing Materials market through several segmentations, followed by an in-depth study of the industry supply and sales channel, including upstream and downstream fundamentals, to help firms efficiently roll out their goods and solutions to the market. This in-depth market analysis employs a variety of technologies to examine data from numerous primary and secondary sources. It can assist investors to find scope and possibilities by providing insight into the market's development potential. The report also goes over each section of the global Fireproofing Materials market in detail. The analysts thoroughly researched the market and created key segmentation such as product type, application, and geography.
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Key Industry Players in Fireproofing Materials Market:
• 3M (US)
• Ugam Chemicals (India)
• BASF SE (Germany)
• Encon Insulation Ltd (UK)
• Akzo Nobel N.V. (Netherlands)
• Isolatek International (US)
• Sika AG (Switzerland)
• Etex Group (Belgium)
• FlameOFF Coatings Inc. (US)
• PPG IndustriesInc (US)
• Carboline (US)
• Jotun Group (Norway)
• Rockwool International AS (Denmark)
• RPM International Inc. (US)
• Iris Coatings S.r.l (Italy)
• The Sherwin-Williams Company (US)
• Knauf Insulation (US)
• W.R. Grace & Co. (US)
• Contego International Inc. (US)
• Rolf Kuhn GmbH (Germany)
• Hempel Group (Denmark)
• No-Burn Inc. (US)
• Intumescent Systems Ltd (UK)
• PK Companies (US) and other major players.
The global pandemic has affected almost every sector in the world. The fireproofing materials market has shown negative growth as it was affected due to disruptions in the global supply chain and fluctuation in the raw material prices. This situation arised due to fall in demand from the construction sector. The market is highly dependent on the commercial, industrial and residential industries. North America is the largest region in terms of value for the fireproofing materials market.
• E-Commerce
• B2B
• Others
By Region:
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)
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Key Questions Answered in the Report:
• What was the market size of Fireproofing Materials Market in 2021?
• What will be the CAGR of Fireproofing Materials Market during the forecast period from 2022 to 2028?
• Who are the major players in Global Fireproofing Materials Market?
• Which region held the largest share in Fireproofing Materials Market in 2021?
• What are the key market drivers of Fireproofing Materials Market?
• Who is the largest end user Fireproofing Materials Market?
The global Fireproofing materials market is divided into three segments: type, application, and region. The global Fireproofing materials market is classified into sealants, spray, mortar, putty, sheets/boards, and others. The global Fireproofing materials market is divided into three applications: residential, commercial, and industrial.
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Fireproofing materials market is highly influenced by the strict regulations in this region. Various regulatory bodies including FPA, NFPA and CFPA are observing the building codes in the region. The builders and contractors adhere to these standards. North America is also a highly industrialized region, which plays an important role in the growth of this market. The growth of commercial and industrial infrastructure plays a key role in this market.
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