Fire Protection Materials Market to offer a healthy CAGR of 8.5% during 2020-25
February 13, 2020
Fire Protection Materials Market Overview:
Fire Protection Materials Market is likely to witness an impressive CAGR of 8.5% during the forecast period. Expanding construction & infrastructure industry along with the implementation of stringent regulations & codes are the major factors that are expected to drive the fire protection materials market globally.
Report Overview:
This new report from Stratview Research analyses the Fire Protection Materials Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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https://www.stratviewresearch.com/Request-Sample/749/fire-protection-materials.html
Fire Protection Materials Market Segment Insights:
Product Type: sealants & fillers, mortar, sheets/boards and others
Based on the product type, the market is segmented as sealants & fillers, mortar, sheets/boards, sprays, preformed devices, putty, cast-in devices, and others. The sealants & fillers segment dominated the fire protection materials market. However, the fire protection putty segment is estimated to register the highest growth during the forecast period.
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https://www.stratviewresearch.com/toc/749/fire-protection-materials.html
Application Type: commercial, industrial, and residential
Based on the application type, the market is segmented as commercial, industrial, and residential. The commercial segment is expected to witness the highest growth during the forecast period owing to the stringent regulations and policies regarding fire safety in organizations, such as schools, hospitals, hotels, and museums.
A highly/moderately/fragment consolidated Market
Some of the major players in the fire protection materials market are Hilti Corporation, The 3M Company, Akzo Nobel N.V., Morgan Advanced Materials, Specified Technologies Inc., Tremco Incorporated, BASF SE, Isolatek International, USG Corporation, Hempel Group, PPG Industries Inc., Fire Protection Coatings Limited, and The Sherwin-Williams Company.
Region: North America led the market for fire protection materials
In terms of regions, North America led the market for fire protection materials and is expected to remain dominant during the forecast period. Europe is the second-largest market after North America. Revival of construction industry in North America and Europe after sub-prime crises and Euro debt crises along with the implementation of stringent regulations and codes regarding fire safety are the major factors driving the demand for fire protection materials in these regions. Asia-Pacific is expected to be the fastest-growing market for fire protection materials during the forecast period. China, India, and South Korea are the growth engines of the region. Significant economic development in the region, rising urbanization, and increasing disposable income of consumers are the major factors driving the growth of the Asia-Pacific region in the global fire protection materials market.
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