Fire Protection Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Fire Protection Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global fire protection materials market size reached US$ 6.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.2 Billion by 2028, exhibiting a growth rate (CAGR) of 7.52% during 2023-2028.

Fire protection refers to measures undertaken for preventing the outbreak and spread of fire to save lives and properties of individuals. It comprises safe operations, safety planning practices and drills, providing education on fire risks and safety, conducting research and investigations, and training and testing of mitigating systems. It helps secure business processes and valuable goods while retaining access to protected areas. At present, there is a rise in the demand for intumescent paints or coatings in buildings and other structures to insulate surfaces from thermal attacks.

Fire Protection Materials Market Trends:
The growing concerns of human and property loss among individuals due to fire accidents, along with the expanding construction industry across the globe, represent one of the key factors driving the market. Moreover, governments of several countries are implementing stringent regulations to promote the use of fire protection materials in residential and non-residential buildings. This, coupled with the increasing utilization of these materials in the oil and gas industry due to the high risk involved in upstream activities, is propelling the growth of the market. In addition, key market players are extensively investing in research and development (R&D) activities to produce improved fire protection materials that can withstand fire for a longer duration and produce less smoke while burning. Besides this, the increasing utilization of safety codes in buildings for occupants and users around the world is offering lucrative growth opportunities to industry investors. Apart from this, the growing employment of fire protection materials in passenger and heavy-duty vehicles for ensuring safe evacuation time for passengers is positively influencing the market. Additionally, rising applications of fire protection materials in mining vehicles to suppress fire by enhancing firefighting operation is bolstering the market growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global fire protection materials market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on material type, distribution channel and application.

Breakup by Material Type:


Coatings
Sealants and Fillers
Mortar
Sheets/Boards
Sprays
Putty
Preformed Devices
Others

Breakup by Distribution Channel:

Online
Offline

Breakup by Application:

Commercial
Industrial
Residential

Breakup by Region:


North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
OthersKey Questions Answered in This Report:
How has the global fire protection materials market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global fire protection materials market?
What are the key regional markets?
What is the breakup of the market based on the material type?
What is the breakup of the market based on the distribution channel?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global fire protection materials market and who are the key players?
What is the degree of competition in the industry?