The global Fire protection materials for construction industry Market was valued at $4.78Billion in 2017 and is forecast to grow at a modestxx.3 % CAGR between 2018 and 2025, culminating in 2025 global sales of $ 8.42Billion.
Fire protection materials are quite necessary for the construction industry because it takes longer for the flame to affect the fire-resistant materials. The key is to construct a building in which a fire would affect slowly allowing the occupants plenty of time to escape. So well-constructed houses& buildings can help prevent such tragedies by using the material that is related to fire protection. The building must be constructed according to the building code, it should be maintained according to the current fire code.
“Optimal Price Point (OPP) for Fire protection material for construction”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On an average, in the China Fire protection materials for constructionare available at USD xxx- USD xxxx. However, the high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
Fire Protection Materials for Construction by“MaterialsType”
We have segmented the Fire protection material for construction market based on product types are Sheet/Board, Sealant, Mortar, Spray, Putty.
Sheet /board is a kind of hard non-combustible which is made of fireproof material, it is suitable for large penetration openings & blank opening of fireproof sealings because it has a uniform thickness. Sealant sets quickly & gives excellent adhesion to building materials it has a 10 percent movement accommodation factor for lower movement joint sealing & gap filling applications. Under fire condition, it forms a foam-like structure which insulates & provides a barrier to flame & gas. Mortar is a workable paste by adding binding material with the required amount of water & fine aggregate for holding building materials like stone, bricks but by adding aluminous cement to the fine powder of fire bricks we will get fire resistant mortar.
The spray is used in building to protect rigid structural elements including columns, beams, metal decking & some steel joist from the effects generated during a fire. Putty is used for construction joints in fire separating wall & joints.
Fire Protection Material for Construction by “Applications”
We have segmented the Fire protection material for construction market based on Applications as commercial, industrial & residential.The commercial sector is the largest market for fire protection material for construction due to the implementation of safety code building & fire safety regulation of schools, colleges, shopping mall, hotels, offices. We have observed the maximum use of fire protection materials for construction by AsiaPacific
Asia Pacific for the maximum revenue share of over xx% in 2017 due to increased demand of Fire protection materials for construction followed by EU- Top 5 countries contribute $X.6 Billion in 2017 and expected to reach $x.5 Billion by 2023.
The key regions analyzed in the study include Asia-Pacific, North America, Europe Latin America and the Middle East and Africa. In 2017, Asia Pacific held the largest share for Fire protection material for construction market due to the demand for fire-resistant infrastructure, The Asia Pacific is expected to have the highest growth due to China & this would be followed by Europe.
Increasing of, school, colleges, mall, office infrastructure with the increasing populations generates a demand for fire protection materials for construction. We are observing that a Fire protection material for construction is a good option as it can create good impact for construction, & nonresidential sectors.
“Competitive Landscape” and“Merger & Acquisition Insights”
The key market participants include PPG Industries Inc, W.R Grace & Co, BASF Se, Hempel Group, Specified technologies Inc, Etex, Rectorseal, USG Corporation are few major players in Fire protection materials for construction markets. The market for fire protection materials for construction is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation& new product development are a major focus area for dominant companies.
Fire Protection Materials for Construction by Material Types (Revenue, Million, 2014 – 2025)
- Sheet /Board
Fire protection Materials for Construction by Application (Revenue, Million, 2014 – 2025)
Fire Protection Materials for Construction Market Regional Outlook (Revenue,USD Million, 2014- 2025)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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