Global Fireproofing Materials Market Size, Forecasts, And Opportunities – Includes Fireproofing Materials Market Outlook
Learn about the global fireproofing materials market through The Business Research Company, which provides information on fireproofing materials market size, fireproofing materials market drivers and restraints, fireproofing materials market players, the COVID-19 impact on the fireproofing materials market, and more.
The global fireproofing materials market size is expected to grow from $0.78 billion in 2021 to $0.9 billion in 2022 at a compound annual growth rate (CAGR) of 15.5%. The global fireproofing material market size is expected to grow to $1.54 billion in 2026 at a CAGR of 14.3%.
The rising number of fire accidents is significantly contributing to the growth of the fireproofing materials market.
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The fireproofing materials market consists of sales of fireproofing materials by entities (organizations, partnerships, sole proprietors) that are used to limit the growth and spread of fire by providing protection for firefighters and allowing occupants to escape. Fireproofing materials are resistant to fire to safeguard the critical structures until the fire is brought under control. These are applied or embedded in the structures to offer stability and separate the building into manageable risk areas.
Global Fireproofing Materials Market Segments Include:
By Type: Intumescent Coatings, Thin Film, Thick Film
By Substrate: Metal, Wood
By Technology: Solvent-Borne, Water-Borne
By End-User: Energy and Power, Manufacturing, Oil and Gas, Petrochemical, Transportation and Logistics Industries, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the fireproofing materials market in 2021.
New product launches are the key trends gaining popularity in the fireproofing materials market. New products launch helps to increase the safety of users from the fire. Major companies operating in the fireproofing materials sector are focused on developing advanced fireproofing materials to strengthen their position in the market.
Major Market Players: 3M, Akzo Nobel N.V., Isolatek International, Sika Services AG, Etex Group, PPG Industries Inc., BASF SE, ROCKWOOL International A/S, RPM International Inc., Jotun Group, Intumescent Systems Ltd., PK Companies, and FlameOFF Coatings Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Fireproofing Materials Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides fireproofing materials market overviews, analyzes and forecasts market size, share, fireproofing materials market players, fireproofing materials market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s fireproofing materials market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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