Global Fireproofing Materials Market was valued at USD 0.77 billion in 2021 and is expected to reach USD 1.54 billion by the year 2028, at a CAGR of 10.4%.
Fireproofing Materials Market and structures resistance to fire so that during an accidental case of fire the critical structures keep operating until the fire is brought under control. Fireproofing is known as applying certain products over the materials or structures that overcome the rise of fire and hence, plant operators get sufficient to play against the fire. In refineries, petrochemical plants, power plants, process terminals, and many other places where the chances of fire are high, different codes and standards (like NFPA) suggest the licensor apply fireproof. For that purpose, Equipment and structures are fireproofed up to a certain height or whole equipment as dictated by guidelines. Moreover, safeguarding and protecting human life and property are major concerns for the construction industry bearer in regions all over the world.
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Players Covered in the Fireproofing Materials Market are :
3M (US), Ugam Chemicals (India), BASF SE (Germany), Encon Insulation Ltd (UK), Akzo Nobel N.V. (Netherlands), Isolatek International (US), Sika AG (Switzerland), Etex Group (Belgium), FlameOFF Coatings Inc. (US), PPG IndustriesInc (US), Carboline (US), Jotun Group (Norway), Rockwool International AS (Denmark), RPM International Inc. (US), Iris Coatings S.r.l (Italy), The Sherwin-Williams Company (US), Knauf Insulation (US), W.R. Grace & Co. (US), Contego International Inc. (US and other major players.
The report Fireproofing Materials Market provides an in-depth analysis of the Fireproofing Materials Market including a detailed description of market growth and size, value, and the key opportunities in the market, as well as an outline of the factors that are and will be driving the industry's growth, taking previous growth patterns into account. The global Fireproofing Materials Market provides an in-depth analysis of the market state of Fireproofing Materials Market manufacturers, including the latest facts and data, SWOT analysis, and expert views from around the world. The cost structure, market size, Fireproofing Materials Market Sales, Gross Margin and Market Share, Price, Revenue, Size, Forecast, and Growth Rate are all calculated in the report. The income earned from the sale of This Study and technologies by various application industries is considered in the report.
Segmentation Analysis of Fireproofing Materials Market:
The segmentation of the Fireproofing Materials Market typically includes categorizing it based on various factors to better understand and analyze its components and trends. The segmentation of the Fireproofing Materials Market can be done along the following lines:
By Type
· Gypsum Based
· Cementitious Coatings
· Cement-Based
· Intumescent Coatings
· Others
By Application
· Industrial
· Commercial
· Residential
· Onshore
· Offshore
By End-Use Industry
· Structural Steel Fireproofing
· Cable & Wire Tray Fireproofing
· Pipe
· Duct
· Others
By Distribution Channels
· E-Commerce
· B2B
· Others
Market share data Market Segment by Regions and Countries Level Analysis:
§ North America (U.S., Canada, Mexico)
§ Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
§ Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
§ Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
§ Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
§ South America (Brazil, Argentina, Rest of SA)
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Key Industry Developments In The Fireproofing Materials Market:
· In January 2021, Firetherm, a smart passive fire protection company, shifted under the brand Nullifire (a part of RPM International Inc.) and began to provide across the UK under the same brand name.
· In June 2021, Carboline declared the accession of Dudick Inc., a global leader in high-performance coatings, flooring, and tank linings, headquartered in Streetsboro, Ohio. Dudick has furnished solutions in corrosion resistance and chemical containment systems for different applications such as food processing, steel production, pulp & paper, chemical processing, power, electronics, and biological research labs.
The key questions answered in this report:
· What will be the Market Size and Growth Rate in the forecast year?
· What are the Key Factors driving the Fireproofing Materials Market?
· What are the Risks and Challenges in front of the market?
· Who are the Key Vendors in the Fireproofing Materials Market?
· What are the Trending Factors influencing the market shares?
· What are the Key Outcomes of Porter’s five forces model?
· What are the Global Opportunities for Expanding the Fireproofing Materials Market?
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