Stratview Research has launched a new report, titled Fire Protection Materials Market is Segmented by Product Type (Sealants & Fillers, Mortar, Sheets/Boards, Sprays, Preformed Devices, Putty, Cast-In Devices, and Others), by Application Type (Commercial, Industrial, and Residential), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)

Covid-19 Impact Analysis:

Covid-19 has highly impacted the market dynamics, competition, and supply chain of almost all industries. The revenues have gone down in 2020 and are expected to resume an uptrend gradually from 2021 and continue to grow further. The report covers all the segments that were affected by the pandemic.

According to the report, 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.

Market Segments’ Analysis

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.

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.

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.

Key Players

The following are the key players in the Fire Protection Materials Market.

  • 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
  • The Sherwin-Williams Company

Frequently Asked Questions –

This report provides vital information and valuable insights, enabling the users to identify the strategic growth opportunities in the market. The report aims at answering the following key questions:

  • What is the current and future market size of Fire Protection Materials Market?
  • How has the COVID-19 pandemic impacted the market? How fast is it expected to recover?
  • What will be the short and long-term effects of the pandemic?
  • How are other market factors affecting the market dynamics?
  • Which segments offer high-growth opportunities in the long run?
  • How fierce is the Fire Protection Materials Market competition?
  • What are the key emerging trends and unmet needs in the present market?
  • What are the strategic growth opportunities and key success factors?

Read the full report: https://www.stratviewresearch.com/Request-Sample/749/fire-protection-materials.html#form

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