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Fire Protection Material Market for Construction

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Title: Fire Protection Material Market for Construction


1
Fire Protection Material Market for Construction
By Type, By End-Use, By Application, By Region,
Forecasts To 2017-2027
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2
Market Summary
Global Fire Protection Material Market for
Construction is forecast to reach USD 8.62
Billion by 2027, according to a new report by
Reports and Data. The market is seeing an
expanded interest from the construction sector
for the use of fire protection materials, as they
delay the spread of flames, toxic fumes, and
smoke, and give ample amount of time to carry-on
with the evacuation methods. However, due to the
use of costly raw materials, the high prices of
fire safety materials are steadily arising the
need for exploring and adopting other products as
a substitute to reduce the overall cost of the
operation and hence, will be hampering the market
demand. Rapid urbanization has changed the way
of life of individuals and, thus, has expanded
the pervasiveness of the construction sector for
commercial purposes over a broad aspect
therefore, augmenting the demand for the market
product. Furthermore, intensive research and
development increase the cost of the final
product, which makes the materials expensive to a
considerable section of consumers, especially
those of underdeveloped and developing countries,
and hence is anticipated to hinder the growth of
the market. The use of the Fire Protection
Material is supported by the Ministry of Science
Technology, Directorate General Civil Defence
Fire Services (DGCD), Ministry of Commerce and
Industry, and International Advanced Research
Centre for Powder Metallurgy and New Materials
(ARCI), of the Indian Government, thereby
boosting the demand for the product in the
market.
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3
The Central Institute of Plastic Engineering and
Technology (CIPET) has signed a Memorandum of
Understanding (MoU) with the Government of
Karnataka to establish an Advanced Polymer Design
and Development Research Laboratory in Bengaluru,
which would also help India tackle various global
issues such as the need for flame retardant
polymers, lightweight components and
high-performance coatings for multiple
industries. Scientists at China's University of
Science and Technology have produced a new
fire-retardant building material that can
withstand flames of about 1,300 degrees Celsius
without disintegration. A research team has
developed a composite aerogel with low thermal
conductivity and excellent resistance to fire.
The composite is highly durable, porous, and
displays better fire-resistance than current
insulation materials, such as expanded
polystyrene and glass wool. Moreover, other
nations such as China, Japan, and the United
States are also supported by their respective
government, which help them to withhold their
position in the market, raising the potential to
increase the expenditure in the Fire Protection
Material sector. The COVID-19 impact As the
COVID-19 crisis grows, manufacturers are quickly
changing their practice and purchasing priorities
to meet the required demand of a pandemic, which
has cut the need for Fire Protection Material for
construction in the market. Over a couple of
months, there will be a series of both positive
and negative shocks, as manufacturers and their
suppliers respond to providers changing needs.
With an unfortunate global situation, the
export-dependent economies of many regions look
vulnerable.
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4
Global Fire Protection Material Market for
construction is reshaped by the effects of this
pandemic, as some suppliers are either shutting
down or reducing their output, due to a lack of
demand from the downstream market. While some are
having their production suspended by their
respective governments as a precautionary measure
to combat the spread of the virus. In certain
regions, markets are focusing on becoming more
localized, by looking at the severity of the
outbreak, and the consequent actions by the
individual national authorities. Under these
circumstances, market conditions in Asia Pacific
regions have been very fluid, declining weekly,
making it challenging to stabilize itself. Get
Free Report Sample _at_ https//www.reportsanddata.co
m/sample-enquiry-form/3179
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5
  • Further key findings from the report suggest
  • Based on type, Sealants accounted for the largest
    share of around 28.0 of the overall business in
    2019. They can be used where joints in walls have
    a high potential for movement, which is one of
    the main benefits.
  • Based on end-use, Passive Fire Protection
    Materials generated revenue of USD 2.86 billion
    in 2019. It helps to minimize the amount of
    damage done to a building giving its inhabitants
    more time to evacuate by providing dampers for
    fire doors and firewalls/floors, which prevents
    fire/smoke from spreading through the ductwork in
    the house.
  • Commercial construction accounts for the largest
    application category in the market and held
    around 52.0 of the overall business in 2019 due
    to increased fire safety regulations and
    stringent building codes enforced in the
    construction of offices, shopping centers, malls,
    hospitals, colleges, schools, universities, and
    hotels.
  • The Asia Pacific dominated the market in 2019.
    The consistent focus of the region on
    cost-effective and innovative procedures adopted
    in the area is driving the market. The Asia
    Pacific region holds approximately 35.0 of the
    market, followed by Europe, which contains around
    27.0 market in the year 2019.
  • Key participants include 3M, BASF Coating GmbH,
    Nippon Paint Co. Ltd., Hempel A/S, Pilkington
    Group Ltd., PPG Industries Inc., Morgan Advanced
    Materials, Hilti, Akzo Nobel N.V, and Rectorseal,
    among others.

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6
  • For the purpose of this report, Reports and Data
    have segmented into the global Fire Protection
    Material Market for Construction on the basis of
    type, end-use, application, and region
  • Type Outlook (Volume, Kilo Tons 2017-2027)
    (Revenue, USD Billion 2017-2027)
  • Sealants
  • Mortar
  • Spray
  • Sheets/Boards
  • Putty
  • Others
  • End-Use Outlook (Volume, Kilo Tons 2017-2027)
    (Revenue, USD Billion 2017-2027)
  • Active fire protection materials
  • Passive fire protection materials
  • Application Outlook (Volume, Kilo Tons
    2017-2027) (Revenue, USD Billion 2017-2027)
  • Residential

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7
  • Regional Outlook (Volume, Kilo Tons 2017-2027)
    (Revenue, USD Billion 2017-2027)
  • North America
  • U.S
  • Europe
  • U.K
  • France
  • Asia Pacific
  • China
  • India
  • Japan
  • MEA
  • Latin America
  • Brazil
  • Browse Complete Report Fire Protection Material
    Market for Construction By Type, By End-Use, By
    Application, By Region, Forecasts To 2017-2027 _at_
    https//www.reportsanddata.com/report-detail/fire-
    protection-material-market

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8
About Us
Reports and Data is a market research and
consulting company that provides syndicated
research reports, customized research reports,
and consulting services. Our solutions purely
focus on your purpose to locate, target and
analyze consumer behavior shifts across
demographics, across industries and help clients
make a smarter business decision. We offer
market intelligence studies ensuring relevant and
fact-based research across a multiple industries
including Healthcare, Technology, Chemicals,
Power, and Energy. We consistently update our
research offerings to ensure our clients are
aware about the latest trends existent in the
market. Reports and Data has a strong base of
experienced analysts from varied areas of
expertise.
Contact US
John Watson Head of Business Development Reports
And Data Web www.reportsanddata.com Direct
Line 1-212-710-1370 E-mail sales_at_reportsanddata
.com
www.reportsanddata.com
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