The national fire protection association (NFPA) reports that about seven people in the United States per day are killed by flames. Fire prevention tools have gained popularity as a result of their success in preventing the spread of flame from one homeland to the next. These materials have a lengthy fire resistance. Additionally, it is anticipated that increased fire danger incidents and growing awareness of building safety codes will support international offers of fire insurance materials. Fire protection materials have significant growth potential and can partially replace traditional construction materials such as putty, sealants, and coating sprays.
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Data Bridge Market Research analyses that the Global Fire Protection Materials Market is expected to reach USD 135.95 million by 2030, which is USD 77.95 million in 2022, registering a CAGR of 7.20% during the forecast period of 2023 to 2030. Fire incidents in residential and industrial settings serve as wake-up calls, emphasizing the critical need for fire protection measures. These incidents highlight the devastating consequences of fire and motivate individuals and businesses to invest in fire protection materials to safeguard lives, property, and assets.
Key Findings of the Study
Boosting growth of the automotive sector is expected to drive the market's growth rate
In electric vehicles, these materials provide a protective layer to the batteries which shields or prevents them from becoming heated up or catching fire. Fire protection materials, such as coatings, are widely used in automotive interiors, such as dashboards and seats. These materials are also frequently used in manufacturing facilities as foam products, primarily to stop fires from starting during production. The automotive industry has expanded significantly as a result of increased demand for light commercial and passenger vehicles and the construction of new electric vehicle facilities. For instance, according to projections from the International Organization of Motor Vehicle Manufacturethe rs, production of light commercial vehicles will rise to 18.6 million units from 57 million units in the previous year.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Adhesive and Sealant, Intumescent Coatings, Sheets and Boards, Foam, Putties, Mortar, Fire Blocks, Cementitious Spray, Fire Safe Pipe Penetrations, Others), Types of Fire (Cellulosic Fires, Hydrogen Fires, Jet Fires), Distribution Channel (E-Commerce, B2B, Others), Application (Pipe, Duct, Structural Steel Fireproofing, Cable and Wire Tray Fireproofing, Doors, Windows, Glasses, Others), End-User (Residential, Commercial, Institutional, Infrastructure)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Technologies Inc. (U.S.), Trelleborg AB (publ) (Sweden), BASF SE (Germany), PPG Industries Ohio, Inc.(U.S.), 3M (U.S.), Akzo Nobel N.V (Netherlands), Etex Group (Belgium), Morgan Advanced Materials (U.K.), ROCKWOOL Asia (Denmark), SVT Group of Companies (U.S.), Sika AG (Switzerland), The Sherwin-Williams Company (U.S.), Unifrax (U.S.), SCHOTT AG (Germany), Nippon Sheet Glass Co. Ltd. (Japan), Saint Gobain S.A (France), Henkel AG and Co. KgaA (Germany)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The fire protection materials market is segmented on the basis of products, types of fire, distribution channel, application and end-user.
- On the basis of product, the fire protection materials market is segmented into adhesive and sealant, intumescent coatings, sheets and boards, foam, putties, mortar, fire blocks, cementitious spray, fire safe pipe penetrations, others. Adhesive and sealant segment is expected to dominate the product segment of the global fire protection materials market with a CAGR of 10.8% in the forecast period of 2023-2030 due to their crucial role in providing fire resistance, preventing the spread of flames, and sealing gaps and joints to enhance fire safety in various applications and industries.
In 2023, Adhesive and sealant segment is expected to dominate the product segment of the global fire protection materials market
In 2023, the Adhesive and sealant segment is expected to dominate the product segment of the global fire protection materials market owing to their essential function in increasing fire safety in a variety of applications and industries by providing fire resistance, halting the spread of flames, and sealing gaps and joints with a CAGR of 10.8% in the forecast period of 2023-2030.
- On the basis of types of fire, the fire protection materials market is segmented into cellulosic fires, hydrogen fires, and jet fires. Cellulosic fires segment is expected to dominate the types of fires segment of the global fire protection materials market with a CAGR of 8.9% in the forecast period of 2023-2030 due to their significant impact on industrial safety. Fire protection materials, such as thermal barriers and fire-resistant coatings, are crucial in mitigating the hazards associated with jet fires and ensuring the safety of personnel and assets.
- On the basis of distribution channels, the fire protection materials market is segmented into e-commerce, B2B, and others. E-commerce segment is expected to dominate the distribution channel segment of the global fire protection materials market with a CAGR of 8.7% in the forecast period of 2023-2030 due to offering convenience, accessibility, and streamlined processes for researching, comparing, purchasing, and managing policies online.
In 2023, the E-commerce segment is expected to dominate the distribution channel segment of the global fire protection materials market
In 2023, the E-commerce segment is expected to dominate the distribution channel segment of the global fire protection materials market owing to providing ease of use, accessibility, and streamlined procedures for online policy research, comparison, shopping, and management with a CAGR of 8.7% in the forecast period of 2023-2030.
- On the basis of application, the fire protection materials market is segmented into pipe, duct, structural steel fireproofing, cable and wire tray fireproofing, doors, windows, glasses, others. The pipe segment is expected to dominate the product segment of the global fire protection materials market with a CAGR of 10.9% in the forecast period of 2023-2030 due to the critical role of pipes in fire suppression systems. Fire protection materials, such as fire-resistant coatings and insulation, are utilized to enhance the fire resistance and integrity of pipes, ensuring effective fire suppression and safety in various industries and buildings.
- On the basis of end-user, the fire protection materials market is segmented into residential, commercial, institutional, and infrastructure. The commercial segment is expected to dominate the product segment of the global fire protection materials market with a CAGR of 6.4% in the forecast period of 2023-2030 due to the extensive use of fire safety measures in commercial buildings such as offices, retail spaces, hotels, and restaurants. Fire protection materials are essential for compliance with safety regulations, ensuring the safety of occupants, and protecting valuable assets in commercial settings.
Major Players
Data Bridge Market Research recognizes the following companies as the major fire protection materials market players in fire protection materials market are Morgan Advanced Materials (U.K.), ROCKWOOL Asia (Denmark), SVT Group of Companies (U.S.), Sika AG (Switzerland), The Sherwin-Williams Company (U.S.)
Market Development
- In 2022, Henkel launched two new fire protection coating products: Loctite FPC 5060 and Loctite EA 9400 which the company has manufactured to protect electric vehicle batteries against fire and heat in case of a thermal runaway event.
- In 2021, Trelleborg launched a new lightweight fire-resistant material that could be resistant from flame to 1500°C for up to 7 hours and has cryogenic performance rated -192°C.
- In 2021, Perimeter Solutions acquired Magnum Fire and Safety System, a producer of firefighting foam equipment. This acquisition will increase the company’s ability to develop fire-resistant foam globally.
Regional Analysis
Geographically, the countries covered in the fire protection materials market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in the fire protection materials market during the forecast period 2023-2030
Asia-Pacific is poised to dominate the fire protection materials market due to several factors. The region's consumers are increasingly aware of the importance of using fire protection materials, and their easy availability further drives their adoption. Additionally, growing awareness about fire safety and expanding businesses in the region contribute to the market's growth. As a result, Asia-Pacific is expected to experience significant market growth in fire protection materials in the coming years.
North America is estimated to be the fastest-growing region in the fire protection materials market in the forecast period 2023-2030
North America is projected to be the fastest-growing region in the fire protection materials market from 2023 to 2030. The region's high demand for fire protection materials, driven by stringent safety regulations and increased awareness, contributes to this growth. Moreover, prominent companies in North America have expanded their production capacities to meet the rising demand, further propelling market growth. These factors position North America as a key market for fire protection materials during the forecast period.
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