Fire protection material are materials that help resist and withstand fire. These materials are used to reduce the effects of destructive fires by minimizing the harm caused to the body. These materials can be classified into active fire protection materials or passive fire protection materials. Active fire protection materials are those that require some kind of motion and action for its protection such as the fire extinguishers used by the fire fighters, whereas passive fire protection materials are those that are installed in a building, which do not require any motion or action such as the fire resistant walls, floors, and fire doors.
The increase in number of fire accidents, leading to the loss of life and valuable assets has made various construction companies more vigilant, compelling them to employ fire protection measures for safety, in turn, boosting the fire protection materials market. Moreover, the increase in demand from the major application industries, such as industrial and commercial constructions and oil and gas industries, has boosted the market growth.
Fire Protection Materials Market Taxonomy:
On basis of product type, the global fire protection market is segmented into:
On basis of application, the global fire protection market is segmented into:
On basis of end-use, the global fire protection market is segmented into:
Intumescent thin film coatings have been replacing conventional techniques such as fillings, boards, and sprays. These coatings are extensively used by architects, contractors, builders, and engineers in the protection of steel. New innovations are boosting the productivity of fire productive materials. Epoxy intumescent is one such innovation, which is widely used in Oil rigs.
Fire Protection Materials Market Outlook:
Major players are adopting various organic and inorganic growth strategies. For instance, Republic Elite acquired a merger with LDC Stone, Inc. in 2017.
The major players in the fire protection materials market include Hilti Group, 3M Co, Akzo Nobel N.V., Morgan Advanced Materials, Specified Technologies Inc., Etex, Tremco Incorporated, BASF SE, Isolatek International (U.S.), USG Corporation, Hempel Group, PPG Industries Inc., W.R. Grace & Co., Rolf Kuhn GmbH, and Rectorseal.
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