Fire Protection Materials Market to Witness Robust Expansion Throughout the Forecast Period
The market research report, entitled Fire Protection Materials Market shows good possibilities in the Fire Protection Materials Market during the next five-year period and ensures more information regarding market trends. The following summary will give an overview of the drivers, challenges and key players in the market.
Fire Protection Materials Market Forecast:
Fire Protection Materials Market is likely to grow from USD 3.33 billion in 2021 to USD 5.85 billion by 2028 at a CAGR of 8.27% during the forecast period of 2022-2028. Expanding construction & infrastructure industry along with the implementation of stringent regulations & codes are the major factors that are expected to drive the fire protection materials market globally.
Key Players
The following are some of the key players in the Fire Protection Materials Market:
· Hilti Corporation
· The 3M Company
· Akzo Nobel N.V.
· Morgan Advanced Materials
· Specified Technologies Inc.
· Tremco Incorporated
· BASF SE
· Isolatek International
· USG Corporation
· Hempel Group
· PPG Industries Inc.
· Fire Protection Coatings Limited
· The Sherwin-Williams Company
Fire Protection Materials Market Segmentation:
The report segments based upon demographics, geographics, benefits and volume etc, has different driving factors and identifies the most-attractive segments and sub-segments. Fire Protection Materials Market segmentation will not only help marketers to be more efficient in terms of time, money and other resources but also allows companies to learn about their target audience so that they can tailor campaigns and increase market share and revenue.
Based on the product type, the market is segmented as sealants & fillers, mortar, sheets/boards, sprays, preformed devices, putty, cast-in devices, and others. The sealants & fillers segment dominated the fire protection materials market. However, the fire protection putty segment is estimated to register the highest growth during the forecast period.
Based on the application type, the market is segmented as commercial, industrial, and residential. The commercial segment is expected to witness the highest growth during the forecast period owing to the stringent regulations and policies regarding fire safety in organizations, such as schools, hospitals, hotels, and museums.
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