Key Players of Construction Fire Protection Materials Market are Hilti Corporation, 3M Company, Akzo Nobel NV, Morgan Advanced Materials, Isolatek International, Sherwin-Williams, Rolf Kuhn GmbH, Specified Technologies Inc, Tremco Incorporated, BASF SE, USG Corporation, Hempel A/S, PPG Industries Inc.
New York, 23 Feb. 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Fire Protection Materials For Construction Global Market Report 2022” – https://www.reportlinker.com/p06233732/?utm_source=GNW
Fire Protection Coatings Limited, ETEX SA and Contego International Inc.
The global market for fire protection materials for construction market is expected to grow from $3.81 billion in 2021 to $4.32 billion in 2022 at a compound annual growth rate (CAGR) of 13.4%. The growth is primarily due to businesses resuming operations and adjusting to the new normal while recovering from the impact of COVID-19, which previously led to restrictive lockdown measures involving social distancing, remote work and the closure of business activities that have resulted in operational challenges. The market is expected to reach $6.04 billion in 2026 with a CAGR of 8.7%.
Fire protection materials for the construction market consist of sales of fire protection materials by entities (organization, partnership, individual companies) that are used to protect construction sites from fires and other situations of security. Fire resistant building materials are all materials that are fire resistant and do not melt for a long time, i.e. they can withstand the heat long enough for the residents of the structure to leave the premises in completely safe.
Fire protection materials include concrete, reinforcing steel, gypsum, cast iron, bricks, asbestos cement, wood, stone, glass, among others.
The main types of fire protection materials for construction are coatings, mortar, sealants and fillers, sheets or panels, aerosols, preformed devices, mastic, cast devices and others. Mortar is a substance used to fill the spaces between bricks and blocks. in masonry construction.
It is a paste of sand, cement or lime that is applied as a paste and hardens. Clay, cement, lime and sand are naturally fire and heat resistant materials.
It is used in structural materials, compartmentalisation, protection of openings, firebreaks and implemented in various sectors such as commercial, industrial, residential, others.
North America was the largest region in the Construction Fire Protection Materials Market in 2021. Regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe , North America, South America, the Middle East and Africa.
Increasing regulations on the mandatory use of fire safety materials are likely to have a positive impact on the growth of fire protection materials for the construction market. Fire safety standards generally aim to reduce the reaction to fire of products and materials used in various living environments. , such as domestic dwellings, household equipment, furniture and electronics, buildings and various modes of transport.
Globally, fire safety standards aim to prevent fires from starting by setting performance-based standards which, if followed, will improve the fire safety of materials and products. For example, in March 2020, to improve fire safety in buildings in England and Wales, the Home Office introduced the new Fire Safety Bill.
The Fire Safety Act 2021 has gone through the parliamentary process and is being implemented as law in the country. Thus, the growing regulation on the use of fire safety materials will support the future growth of the market.
The leading manufacturers in the fireproofing materials for construction market are constantly focusing on advanced research and technological advancements to create improved fireproofing materials that can withstand fire for a longer period of time and emit less smoke when they burn. For example, in September 2020, CIN, a company based in Portugal, developed two new products C-THERM S110 and C-THERM S111 FD, to protect steel structures against fire.
C-THERM S110 and C-THERM S111 FD stand out for their long fire resistance times, which protect structures for up to 150 minutes. The technology of the C-THERM range improves the safety of structures by delaying the collapse time in the event of a fire, protecting lives and property.
In October 2020, API Group Inc., a US-based specialty, safety and industrial service provider, acquired SK FireSafety Group for $200 million. This acquisition will help API Group Inc’s Security Services and Specialty Services divisions grow and expand geographically. SK FireSafety Group BV is a Netherlands-based company supplying fire protection products to businesses.
The countries covered in the Construction Fire Protection Materials market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia , South Korea, the United Kingdom and the United States.
Read the full report: https://www.reportlinker.com/p06233732/?utm_source=GNW
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