North America Fire Protection Materials Market, By Product (Adhesive and Sealant, Intumescent Coatings, Sheets & 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 & Wire Tray Fireproofing, Doors, Windows, Glasses, Others), End-User (Residential, Commercial, Institutional, Infrastructure) - Industry Trends and Forecast to 2023 to 2030.
North America Fire Protection Materials Market Analysis and Size
The U.S. recorded construction-related expenditures of USD 1,809.8 billion in December 2022, as reported by the U.S. Census Bureau. Comparing this figure to the previous year's expenditure of USD 1,681.0 billion in December 2021, the construction sector witnessed a growth of approximately 7.7%. As a result, the market for fire protection materials is expected to experience positive effects from this increased construction activity.
Data Bridge Market Research analyses that the North America fire protection materials market which was USD 5,16,139.49 million in 2022, is expected to reach USD 9,69,583.41 million by 2030, growing at a CAGR of 8.2% during the forecast period of 2023 to 2030. 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.
North America Fire Protection Materials Market Scope and Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2023 to 2030
|
|
Base Year
|
2022
|
|
Historic Years
|
2021 (Customizable to 2015-2020)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Product (Adhesive and Sealant, Intumescent Coatings, Sheets & 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 & Wire Tray Fireproofing, Doors, Windows, Glasses, Others), End-User (Residential, Commercial, Institutional, Infrastructure)
|
|
Countries Covered
|
U.S., Mexico, Canada
|
|
Market Players Covered
|
Specified Technologies Inc (U.S.), TENMAT Ltd (U.K.), Trelleborg (Sweden), BASF SE (Germany), PPG Industries, Inc (U.S.), 3M (U.S.), Akzo Nobel N.V. (Netherlands), EtexGroup (Belgium), HKO Group (Germany), Morgan Advanced Materials (U.K.), ROCKWOOL International A/S (Denmark), Rolf Kuhn GmbH (Germany), Sika AG (Switzerland), The Sherwin-Williams Company (U.S.), Unifrax (U.S.), Tremco Incorporated (U.S.), Flamecheck International (U.S.),
|
|
Market Opportunities
|
|
Market Definition
Fire protection materials refer to a range of substances, products, and systems designed to prevent, control, or mitigate the risks and damage associated with fires. These materials are specifically developed and implemented to enhance fire safety by minimizing the spread of flames, controlling heat and smoke, and providing structural integrity and insulation during fire incidents. Fire protection materials encompass a wide variety of solutions, including fire-resistant coatings, fire retardant fabrics, fire suppression systems, fire-resistant building materials, and other technologies aimed at improving fire safety in residential, commercial, industrial, and public environments.
North America Fire Protection Materials Market Dynamics
Drivers
- Stringent Safety Regulations
The implementation of strict safety regulations and building codes that mandate the use of fire protection materials in residential, commercial, and industrial structures drive the demand for these products. Compliance with safety standards creates a market demand for fire-resistant materials and systems. Thus strict rules imposed is expected to drive the growth of the fire protection materials market during the forecast period of 2023 to 2030.
- Increasing Awareness of Fire Safety
Growing awareness among individuals, businesses, and governments regarding the importance of fire safety measures fuels the demand for fire protection materials. Concerns about the potential risks of fire incidents and the need to protect lives and property drive the market growth.
Opportunities
- Rapid Technological Advancements
Ongoing research and development in fire protection technologies result in innovative materials and systems that offer enhanced fire resistance, improved efficiency, and ease of installation. Technological advancements drive market growth by providing better solutions and expanding the range of available fire protection materials, hence will create ample opportunities for the market to grow during the forecast period.
- Rise in Green Building Initiatives
Increasing focus on sustainability and green building initiatives creates opportunities for eco-friendly fire protection materials. Manufacturers can develop environmentally friendly fire-resistant coatings, insulation materials, and fire suppression systems that align with sustainable construction practices.
Restraints/Challenges
- Lack of Awareness and Education
Many end-users, particularly in developing regions, may have limited awareness of fire safety measures and the importance of using fire protection materials. Insufficient education and training about fire safety can hinder the market growth as potential customers may not prioritize investments in these materials.
- Complex Regulatory Environment
Compliance with complex and evolving fire safety regulations can pose challenges for both manufacturers and end-users. The need to navigate different regulatory frameworks, certifications, and testing requirements can increase costs and cause delays in product development and market entry.
This fire protection materials market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the fire protection materials market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In June 2022, Hempel A/S introduced Hempafire XTR 100, a lightweight coating with a thin film thickness, designed for passive fire protection of hydrocarbon-based oil and gas downstream assets.
- In April 2022, Henkel unveiled two fire protection coating products, namely Loctite FPC 5060 and Loctite EA 9400. These coatings were specifically developed to safeguard electric vehicle batteries from fire and heat during a thermal runaway incident. By applying these coatings to battery packs, Henkel aims to mitigate and slow down the spread of fires, providing occupants with valuable evacuation time and enhancing passenger safety.
North America Fire Protection Materials Market Scope
The fire protection materials market is segmented on the basis of product, types of fire, distribution channel, application and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Adhesive and Sealant
- Intumescent Coatings
- Sheets & 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 & Wire Tray Fireproofing
- Doors
- Windows
- Glasses
- Others
End-User
- Residential
- Commercial
- Institutional
- Infrastructure
North America Fire Protection Materials Market Regional Analysis/Insights
The fire protection materials market is analysed and market size insights and trends are provided by product, types of fire, distribution channel, application and end-user as referenced above.
The countries covered in the fire protection materials market report are U.S., Mexico, and Canada.
The fire protection materials market in North America is primarily led by the U.S., mainly due to its utilization of biodegradable materials across various industrial, domestic, and agricultural applications.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and North America Fire Protection Materials Market Share Analysis
The fire protection materials market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to fire protection materials market.
Some of the major players operating in the fire protection materials market are:
- Specified Technologies Inc (U.S.)
- TENMAT Ltd (U.K.)
- Trelleborg (Sweden)
- BASF SE (Germany)
- PPG Industries, Inc (U.S.)
- 3M (U.S.)
- Akzo Nobel N.V. (Netherlands)
- EtexGroup (Belgium)
- HKO Group (Germany)
- Morgan Advanced Materials (U.K.)
- ROCKWOOL International A/S (Denmark)
- Rolf Kuhn GmbH (Germany)
- Sika AG (Switzerland)
- The Sherwin-Williams Company (U.S.)
- Unifrax (U.S.)
- Tremco Incorporated (U.S.)
- Flamecheck International (U.S.)
SKU-