Fire Protection Materials in Construction: Global Strategic Business Report

Global Fire Protection Materials in Construction Market to Reach $10.1 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Fire Protection Materials in Construction estimated at US$5 Billion in the year 2020, is projected to reach a revised size of US$10.1 Billion by 2027, growing at a CAGR of 10.5% over the analysis period 2020-2027. Coatings, one of the segments analyzed in the report, is projected to record a 11.8% CAGR and reach US$2.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Mortar segment is readjusted to a revised 10.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 15% CAGR

The Fire Protection Materials in Construction market in the U.S. is estimated at US$1.4 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2027 trailing a CAGR of 15.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.6% and 9.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.4 Billion by the year 2027.

Sealants & Fillers Segment to Record 10.3% CAGR

In the global Sealants & Fillers segment, USA, Canada, Japan, China and Europe will drive the 10.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$753.3 Million in the year 2020 will reach a projected size of US$1.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 11.8% CAGR through the analysis period.

Select Competitors (Total 42 Featured) -

• 3M
• Akzo Nobel N.V.
• BASF SE
• Contego International Inc. (US)
• Den Braven (The Netherlands)
• Dufaylite Developments LTD (UK)
• ETEX
• Fire Protection Coatings Limited (UK)
• Group
• Hempel Group (Denmark)
• Isolatek International
• Morgan Advanced Materials
• No-Burn Inc.(US)
• PPG Industries Inc. (US)
• Rectorseal (US)
• Rolf Kuhn GmbH.(Germany)
• Sika Group (Switzerland)
• Specified Technologies Inc.
• Supremex Equipments (India)
• Tenmat LTD. (UK)
• The Sherwin-Williams Company (US)
• Tremco Incorporated
• USG Corporation
• W. R. Grace & Co. (US)
• Walraven (The Netherlands)

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