What is the Current Market Size and Growth Outlook for Fire Protection Materials For Construction Market?
The Fire Protection Materials for Construction market size has experienced robust growth in recent years, growing from $5.02 billion in 2024 to an expected $5.42 billion in 2025, equating to a compound annual growth rate (CAGR) of 8.0%. This growth during the historic period has been fuelled by factors such as building codes and regulations, enhanced safety and risk mitigation, urbanization and population growth, along with the increase in demand for industrial and commercial projects, and requirements set by the insurance industry.
Forecasted trends indicate a continuation of this strong growth, with the market predicted to reach a size of $7.67 billion by 2029, with a CAGR of 9.0%. This expected growth over the forecast period can be attributed to increasing high-rise construction, retrofitting existing buildings, the development of fire-resistant coatings and insulation, and increasing infrastructure development. Additional major trends include the advent of smart fire protection systems, high-rise fire safety solutions, improved fire testing and certification, the use of fire-resistant glass, and the emergence of bio-based fire protection materials.
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What are the Drivers of the Fire Protection Materials for Construction Market Growth?
The driving forces behind the growth of the fire protection materials for construction market include the expansion of the construction industry, which is driven by factors such as rapid urbanization, economic growth, and increased government investment in infrastructure. The incorporation of fire protection materials in construction projects promotes safety and adds to market growth by enhancing property value, ensuring regulatory compliance, and driving demand for innovative solutions. This growth trend in the regulatory sphere is projected to boost the fire protection materials for the construction market moving forward.
Who are the key players in the Fire Protection Materials for Construction Market?
Major companies operating in the fire protection materials for construction market include Hilti Corporation, 3M Company, Akzo Nobel N.V., Morgan Advanced Materials plc, Isolatek International Co., Sherwin-Williams Company, Rolf Kuhn GmbH, Specified Technologies Inc., Tremco Incorporated, BASF SE, USG Corporation, and many more.
What Major Trends are Emerging in the Fire Protection Materials for Construction Market?
Key manufacturers in the fire materials for construction market are increasingly focused on innovative research and technological advancements in the creation of improved fire protection materials that can withstand fire for more extended periods and emit less smoke when burned.
What is the Regional Market Analysis for Fire Protection Materials for Construction?
In 2024, North America held the largest share of the fire protection materials for construction market. Other significant regions covered in the fire protection materials for construction market report include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East and Africa.
What Does The Fire Protection Materials For Construction Market Report 2025 Offer?
Fire protection materials for construction are materials that withstand heat long enough for the residents of a structure to safely leave the premises. These materials include concrete, reinforcement steel, gypsum, cast iron, bricks, asbestos cement, timber, stone, glass, and others. They are used to protect construction sites from fire and other safety situations. The Fire Protection Materials For Construction Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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