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Fire Protection Materials Market: Key Trends, Drivers
There have been advancements in technology with regard to cost-effective manufacturing of fire protection materials in recent times. Also, there is rapid enhancement in desired properties with advanced features of fire protection materials. Apart from this, various regulatory bodies have imposed strict regulations for implementation of fire safety procedures along with the development of stringent building and safety codes. These regulations have been making it mandatory for organizations to adhere to fire safety specifications at workplaces, which in turn is expected to further increase the demand for fire protection materials. These factors have been driving the growth of fire protection materials market at a global level and the trend is expected to continue in the near future as well.
However, additional replacement expenses associated with fire protection materials have been discouraging potential buyers. Additionally, inconsistency in the actual implementation of fire safety and prevention procedures in certain regions of the world is proving to be a restraint to the demand and growth in demand for fire protection materials. This, in turn, is proving to be a hindrance to growth of the global fire protection materials market. Furthermore, fireproofing of steel structures using water based intumescent paints & coatings and the rising use of carbon fiber reinforced composites requiring reactive insulation coatings for fire protection are the rising trends in the market, which are driving the demand for water based intumescent paint coatings as fire protection materials. Also, oil & gas refineries have witnessed an increase in adoption of fire protection materials in recent times, which has in turn resulted in growth in demand for fire protection materials.
It has been observed that there is a rising demand for fire protection materials, such as fire protection putty, especially in commercial, academic and government building applications, such as universities, offices, schools, restaurants and other buildings. This rise in demand is considerable in both developed countries as well as in emerging economies.
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Fire Protection Materials Market: Market Participants
Examples of some of the market participants identified across the value chain in the fire protection materials market are as follows:
- 3M Company
- Sherwin-Williams Company
- Tenmat Ltd
- Rolf Kuhn GmbH
- Unifrax I LLC
- Trelleborg
- Rockwool International A/S
- PFC Corofil
- Luco LLC
- Signum Fire Protection
- Tyco
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and product type.
The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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On the basis of end use, the fire protection materials market is segmented as follows:
- Active fire protection materials
- Passive fire protection materials
On the basis of product type, the fire protection materials market is segmented as follows:
- Fire resistant boards
- Sealants
- Vermiculite cement sprays
- Fiber sprays
- Dry lining systems
- Mineral wool
- Intumescent paints and coatings
On the basis of application, fire protection materials market is segmented as follows:
- Commercial
- Industrial & Institutional
- Residential
- Others (Transport, etc.)
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.
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