Overview and Scope
The fireproofing materials market consists of sales of fireproofing materials by entities (organizations, partnerships, sole proprietors) that are used to limit the growth and spread of fire by providing protection for firefighters and allowing occupants to escape. Fireproofing materials are resistant to fire to safeguard critical structures until the fire is brought under control. These are applied or embedded in the structures to offer stability and separate the building into manageable risk areas.
Sizing and Forecast
The fireproofing materials market size has grown rapidly in recent years. It will grow from $1.05 billion in 2024 to $1.21 billion in 2024 at a compound annual growth rate (CAGR) of 15.8%. The growth in the historic period can be attributed to compliance with building regulations, increased high-rise construction, increased fire safety awareness, increased industrial and commercial development, insurance industry requirements.
The fireproofing materials market size is expected to see rapid growth in the next few years. It will grow to $2.14 billion in 2028 at a compound annual growth rate (CAGR) of 15.2%. The growth in the forecast period can be attributed to increasing climate change adaptation, increasing advanced fire-resistant coatings, increasing infrastructure development, growing retrofitting existing buildings, high-performance insulation. Major trends in the forecast period include sustainable and eco-friendly fireproofing, smart fireproofing systems, innovative fireproofing materials, data center and critical infrastructure protection, regulatory compliance and certification.
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Segmentation & Regional Insights
The fireproofing materials market covered in this report is segmented –
1) By Type: Intumescent Coatings, Thin Film, Thick Film
2) By Substrates: Metal, Wood
3) By Technology: Solvent-Borne, Water-Borne
4) By End-User: Energy And Power, Manufacturing, Oil And Gas, Petrochemical, Transportation And Logistics Industries, Other End-Users
Top 5 Major Players:
- Minnesota Mining and Manufacturing Company
- Akzo Nobel N.V.
- BASF SE
- Etex Group
- FlameOFF Coatings Inc
North America was the largest region in the fireproofing materials market in 2024. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the fireproofing materials market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The rising number of fire accidents is significantly contributing to the growth of the fireproofing materials market. Fire accidents are accidents caused by a fire that is unexpected and sudden. Fire accidents can result in serious injuries and damage to properties. The increase in the fire accident rate is creating demand for fireproofing materials by various end-use industries. For instance, according to the National Fire Protection Association, the local fire departments of the US encountered 1.4 million fires i.e., every 23 seconds in 2021. Therefore, the rising number of fire accidents is driving the growth of the fireproofing materials market.
Key Industry Players
Major companies operating in the fireproofing materials market include Minnesota Mining and Manufacturing Company, Akzo Nobel N.V., BASF SE, Etex Group, FlameOFF Coatings Inc., Intumescent Systems Ltd., Isolatek International, Jotun Group, PK Companies, PPG Industries Inc., ROCKWOOL International A/S, RPM International Inc., Sika Services AG, Albi Protective Coatings, Alsey Refractories Co., Carboline Pvt. Ltd., Chartek New Zealand, Firetherm Ltd., Flame Control Coatings, Grace Construction Co., Hempel AS, Hilti Corp., International Fireproof Technology Inc., Leighs Paints Co. Ltd., Monokote, Nullifire Ltd., Promat International, Pyro-Cote Corporation, Sherwin-Williams Co., Specified Technologies Inc.
The fireproofing materials market report table of contents includes:
1. Executive Summary
2. Fireproofing Materials Market Characteristics
3. Fireproofing Materials Market Trends And Strategies
4. Fireproofing Materials Market – Macro Economic Scenario
5. Global Fireproofing Materials Market Size and Growth
…..
31. Global Fireproofing Materials Market Competitive Benchmarking
32. Global Fireproofing Materials Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Fireproofing Materials Market
34. Fireproofing Materials Market Future Outlook and Potential Analysis
35. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Fireproofing Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Fireproofing Materials Market, Segmentation By Substrates, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Fireproofing Materials Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 75: Minnesota Mining and Manufacturing Company Financial Performance
Table 76: Akzo Nobel N.V. Financial Performance
Table 77: BASF SE Financial Performance
Table 78: Etex Group Financial Performance
Table 79: FlameOFF Coatings Inc. Financial Performance
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