Competitive Landscape – Fire Protection Materials Market

Competitive Landscape - Fire Protection Materials Market

Browse 104 market data Tables and 53 Figures spread through 145 Pages and in-depth TOC on “Fire Protection Materials Market”
Fire Protection Materials Market for Construction by Type (Coatings, Sealants & Fillers, Mortar, Sheets/Boards, Spray, Preformed Device, Putty, Cast-in Devices), Application (Commercial, Industrial, and Residential)

The fire protection material market size is projected to reach USD 4.0 billion by 2024 from USD 2.7 billion in 2019, at a CAGR of 8.5% between 2019 and 2024. Strict building codes & building regulations and increased emphasis on passive fire protection materials along with fire-stop contractors influencing the consumption are driving the market. Higher costs of these materials and lack of awareness among the consumers are restraining the market growth.

North America is expected to account for the largest market share during the forecast period. The growth is mainly due to strict implementation of NFPA codes. The growing emphasis on passive fire protection system influenced by fire-stop contractors and regulatory organizations has a huge impact on this market.

The players in the fire protection materials market are mainly concentrating on new product launches and product listing via UL documents. New product launches help companies strengthen their product portfolio and meet the specific requirements of customers.

To know about the assumptions considered for the study download the pdf brochure

The growth of the fire protection materials market has been influenced primarily by the implementation of NFPA building codes and new product launches that took place between 2018 and 2019. Hilti Group (Liechtenstein), 3M (US), Specified Technologies Inc. (US), ETEX (Belgium), Morgan Advanced Materials (UK), Akzo Nobel NV (Netherlands), Jotun (Norway), Sika AG (Switzerland), and Rolf Kuhn GmbH (Germany) adopted new product launches and product listing via UL documents to remain competitive in the markets. These companies are also highly focused on direct selling and regional expansions.

Hilti is the largest player in the fire protection market. The company is developing its business via expansion in countries such as APAC and North America. It mainly focuses on direct selling and expansion to strengthen its position in the market. The company is also focusing on new product developments and product listing via UL documents to strengthen its product portfolio.

ETEX is one of the major manufacturers of fire protection materials. The company is one of the leading innovators in this market. It is expected to have the highest number of UL listed products according to experts. During the forecast period, the company is expected to compete for the leading position in the global market.

Akzo Nobel has recently launched a new fire protection coating for wooden applications, and it also expanded its fire protection R&D facility in the UK. Jotun (Norway) is focusing on regional expansion. The company is supplying products to the Shenzhen New Exhibition Centre project with a broad range of premium products, including 450,000 liters of Passive Fire Protection (PFP) coatings for fireproofing applications.

Request for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=110995901

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/fire-protection-materials-market-110995901.html