Fire Protective Materials Market trends research and projections for 2019- 2025

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Fire Protective Materials Market trends research
and projections for 2019- 2025
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Global Market Scenario of Fire Protective
Materials Industry

• Fire Protective Materials Market is likely to
  grow at a steady rate from 2016 to 2024 due to
  increasing fire safety codes and growth in
  construction activities.
• Fire protective materials help to resist and
  withstand burning. These protective materials are
  bifurcated into active and passive fire
  protective materials. Active fire protective
  materials are used manually or automatically
  which require some action or motion for fire
  suppression such as spray, sprinkler system,
  extinguisher etc. and passive fire protective
  materials are those which are deployed in
  infrastructure and doesnt require any motion or
  action.
• The overall building protection is carried out by
  using fire resistance walls, doors, liners etc.
  Increasing awareness of public safety and
  security, stringent government rules about pyro
  safety, probable loss of valuable assets,
  technological advancement and rapid urbanization
  will drive the market in coming years. Use of
  these products in structural buildings of oil
  gas industry to avert damage caused by explosion
  will also propel the market growth.
• The protective materials incorporated in
  buildings not only provide fire protection but
  also provide stability, integrity, and
  insulation. Innovation in products such as use of
  carbon reinforced fiber in reactive insulation
  coating, water based coatings, epoxy intumescent
  coatings, etc. will provide opportunities for
  industry growth in the future. Environmental
  health concern along with high price of raw
  materials are the restraining factors of this
  industry.

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• Product Analysis-
• Fire protective materials are available in
  different types such as sealant fillers,
  mortar, sheets/boards, cast-in devices,
  cementitious material, duct tape, intumescent
  coating, and others such as pyro blocks,
  asbestos, etc. Cementitious materials are
  expected to boost the industry owing to its use
  for thermal and acoustic insulation in steel
  infrastructures.
• It is comparatively low cost and has quick
  application time, making it a popular product
  among end-users. Sealant fillers is also likely
  to witness high growth due to its increased usage
  in steel infrastructures. Putty will also have a
  significant market share due to increase in
  commercial infrastructure construction activities
  in developing and developed countries.
• Regional Trends-
• North America is likely to be one of the largest
  regional market for these products in terms of
  volume and value, owing to reasons such as
  stringent government codes regarding pyro safety,
  upgradation of existing infrastructure according
  to new legislations, and growing construction
  industry.
• Middle East Africa is also likely to have
  substantial share in this market owing to rapid
  urbanization and industrial development. The
  growing disposable income coupled with awareness
  about pyro safety measures will propel the market
  in this region. FIFA world cup in Qatar in 2022
  will boost the construction industry in the
  Middle East which in turn will propel the market
  growth.

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Market Research Reports Key Analytical Components
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• Competitive Trends
• The key participants in this industry are The
  Sherwin Williams Company, Hempel A/S, 3M Company,
  Nippon Paint Co. Ltd, Akzo Nobel N.V, BASF
  Coating GmbH, Rolf Kuhn GmbH. Some other notable
  players are PPG Industries Inc., Svt Holding
  GmbH, Hilti Group, Isolatek International, Termo
  Incorporated, Rectorseal, Morgan Advanced,
  Contego International Inc, Pilkington Group Ltd,
  etc.

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