Data Bridge Market Research analyses that the fire protection materials market is expected to reach USD 135.95 million by 2030, which is USD 77.95 million in 2022, registering a CAGR of 7.20% 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.
According to the most recent National Fire Protection Association (NFPA) statistics, around seven people per day are killed by flames in the U.S. As a result of their effectiveness in preventing the transmission of flame from one homeland to the next, fire prevention materials have become increasingly popular. These substances can withstand fire for a long time. Furthermore, increasing awareness of building safety codes and augmented fire danger occurrences are anticipated to support offers of fire insurance materials. Fire protection materials can partly replace conventional development materials such as putty, sealants and coating sprays and have substantial growth potential.
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Market Analysis and Insights
Electronic products contain components such as circuit boards, transformers, semiconductors and batteries that are measured as potential ignition sources. The fire protection materials are highly used in the casting process of these components to inhibit small ignition from turnoff into higher fire scenarios. Smartphones have developed rapidly in the electrical and electronics sector because of the bolstering demand for electrical equipment and consumer electronics such as television and PCs. For instance, as per the India Brand Equity Foundation (IBEF), the manufacturing industry of electronics in India is expected to reach around US$520 billion by the year 2025. Moreover, as peer the statistics of World Semiconductor Trade, semiconductor market sales around US$555.9 billion in 2021, accounting rise of approx., 26.2%. With such a surge in electronic sales and production of semiconductors, the demand for these materials for casting applications will also rise. This will create immense opportunities for the growth of the fire protection materials industry.
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Fire Protection Materials Market Scope
The fire protection materials market is segmented on the basis of of products, types of fire, distribution channel, application and end-user. The growth amongst these segments will help you analyze 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 and 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 and Wire Tray Fireproofing
- Doors
- Windows
- Glasses
- Others
End-User
- Residential
- Commercial
- Institutional
- Infrastructure
Competitive Landscape and 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.
The major players covered in the silicon nitride market report are
- Technologies Inc. (U.S.)
- Trelleborg AB (publ) (Sweden)
- BASF SE (Germany)
- PPG Industries Ohio, Inc. (U.S.)
- 3M (U.S.)
- Akzo Nobel N.V (Netherland)
- Etex Group (Belgium)
- Morgan Advanced Materials (U.K.)
- ROCKWOOL Asia (Denmark)
- svt Group of Companies (U.S.)
- Sika AG (Switzerland)
- The Sherwin-Williams Company (U.S.)
- Unifrax (U.S.)
- SCHOTT AG (Germany)
- Nippon Sheet Glass Co. Ltd. (Japan)
- Saint Gobain S.A (France)
- Henkel AG and Co. KgaA (Germany)
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