San
Francisco, 21 September 2018 ,The global FireProtection Materials For Construction Market size is expected to
reach USD 8.10 billion by 2025, according to a new report by Grand View
Research, Inc., projecting an 8.4% CAGR during the forecast period. The market
is anticipated to grow with the implementation of fire safety regulations and
strict building codes. There are also various official standards established to
overlook and ensure product effectiveness. In addition, rising awareness among
people toward fire safety is anticipated to trigger market growth.
According to the latest report by National
Fire Protection Association (NFPA) published in 2016, fire incidents kill at
last seven people each day in U.S. alone. Fire protection materials have gained
high popularity as they effectively prevent the spread of fire from one area to
the other. These materials can withstand fire for a long time. As a result,
firefighters can control the fire and prevent loss of life and property by
extending the time frame available during such situations.
Improving attitude toward
building safety codes, along with increasing fire hazard incidents, is
anticipated to boost sales of fire protection materials around the globe. These
materials have immense growth potential and can partially replace traditional
construction materials such as sealants, putty, and coating sprays.
Key manufacturers constantly
focus on high-end research and technological advancements to produce improved
fire protection materials that can withstand fire for a longer duration and
produce less smoke when burnt.
Full Research Report On Fire Protection Materials For
Construction Market Analysis:www.grandviewresearch.com/industry-analysis/fire-protection-materials-market
Further key findings from the report suggest:
·
By type, putty is expected to
be the fastest-growing segment, in terms of revenue, exhibiting a CAGR of 9.3%
from 2017 to 2025. Sealants, on the other hand, formed the largest segment in
terms of revenue in 2016 owing to its growing usage as a primary fire
protection material in steel infrastructure
·
Commercial construction is
projected to emerge as the largest as well the fastest growing application
segment on account rising fire safety regulations and strict building codes for
offices, shopping centers, malls, hospitals, schools, colleges, universities,
and hotels
·
Asia Pacific is expected to be
the fastest growing region with an estimated CAGR of 10.4% from 2017 to 2025.
Rising manufacturing industries with support from the government in the form of
incentives and subsidies and rapidly growing population have fostered market
growth
·
Implementation of strict fire
safety regulations, coupled with high disposable income and awareness among
public toward fire safety, has made North America the largest consumer of fire
protection materials for construction
·
Parameters such as stability of
a structure in case it is exposed to fire are taken into consideration while
developing new products.
Browse More Reports Of This Category By
Grand View Research At: www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
Grand View Research has segmented the
global fire protection materials market for construction on the basis of type,
application, and region:
Fire Protection Materials for
Construction Type Outlook (Revenue, USD Million, 2014 - 2025)
·
Sealants
·
Mortar
·
Spray
·
Sheets/Boards
·
Putty
·
Others
Fire Protection Materials for
Construction Application Outlook (Revenue, USD Million, 2014 - 2025)
·
Residential
·
Commercial
·
Industrial
Fire Protection Materials for
Construction Regional Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
·
Europe
o
Germany
o
U.K.
o
France
·
Asia Pacific
o
China
o
Japan
o
India
o
South Korea
·
Middle East & Africa
o
UAE
·
Central & South America
Access Full
Press Release of this Report:www.grandviewresearch.com/press-release/global-fire-protection-materials-market
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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