Market Overview:
The global building fireproof material market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for fireproof materials in commercial and industrial applications, owing to the growing awareness about safety and security among consumers. In addition, the increasing construction activities in developing countries are also contributing to the growth of this market. The global building fireproof material market is segmented on the basis of type, application, and region. On the basis of type, coatings accounted for a major share of this market in 2017. This segment is projected to grow at a CAGR of 6% during the forecast period from 2018 to 2030 due to its properties such as resistance against high temperatures and corrosion. Mortar was another key type segment in this market with a share of more than 25%. Sealants and fillers accounted for around 15% share while spray held around 10% share in 2017. Preformed devices held around 7% share while putty had 4%. Cast-in devices had 2%, whereas others constituted less than 1%.
Product Definition:
Building fireproof material is a material that can be used to prevent a fire from spreading in a building. It is important to use building fireproof material because it can help save lives and property.
Coatings:
Coatings are materials applied on the surface of various materials to improve their fire-resistance. There are two types of coatings, i.e., water-based and solvent-based. Water based coating is used in wood, concrete, masonry and drywall construction for protection against fire; whereas Solvent Based Coating is used in metal fabrication for protection against high heat & molten substances like acids & alcohols as well as electrical fires.
Mortar:
Mortar is a binding agent which sets the concrete in position and also provides it with strength. The primary function of mortar is to link the bricks or stones together so that they form an indestructible bond. Mortar comes in different types including ordinary ( Portland cement-based ) mortar, water-resistant mortar, and self-leveling or drywall mortar.
Application Insights:
The commercial construction segment led the global market and accounted for more than 60.0% share of the overall revenue in 2017. The growing demand for high-end commercial spaces, with a focus on luxury hotels, restaurants and shopping malls is expected to drive product demand over the forecast period.
Building fireproof materials are used in various applications including office buildings, educational institutes, hospitals & clinics, retail outlets and others. Increasing investments by companies to enhance their production facilities coupled with rising awareness regarding safety norms is anticipated to propel industry growth over the coming years.
Industrial application segment was valued at USD 1.5 billion in 2017 owing to increasing utilization of building fireproofing products such as mortar & grout for industrial purposes such as machine rooms where there is potential risk of fire due to oil or electricity leakage or presence of flammable gases etc.
Regional Analysis:
Asia Pacific dominated the global building fireproof material market in 2016 and is expected to continue its dominance over the forecast period. The region accounts for nearly 60% of the global construction industry, which has resulted in high demand for fireproof materials. Rapid growth of commercial and industrial sectors owing to increasing population, coupled with growing disposable income levels, is also expected to drive product demand over the forecast period.
Europe was estimated at USD X million in 2016 and is anticipated to witness steady growth over the next eight years owing to stringent regulations regarding structural safety coupled with rapid infrastructural development across countries such as Russia, Turkey, Italy among others are driving product demand majorly fillers & sealants application segment.
Growth Factors:
- Increasing demand for fireproof material in construction industry to prevent fire accidents
- Growing awareness about the benefits of using fireproof material in buildings and homes
- Rising concerns over safety and security among people, especially after major fires in residential complexes and other buildings
- Technological advancements that have led to the development of better quality fireproof materials at affordable prices 5. Government initiatives and regulations encouraging the use of fireproof materials in construction
Scope Of The Report
Report Attributes
Report Details
Report Title
Building Fireproof Material Market Research Report
By Type
Coatings, Mortar, Sealants and Fillers, Spray, Preformed Device, Putty, Cast-In Devices, Others
By Application
Commercial, Industrial, Residential
By Companies
M, Hilti Group, Specified Technologies, ETEX, Morgan Advanced Materials, Akzo Nobel NV, BASF, Isolatek International
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
190
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Building Fireproof Material Market Report Segments:
The global Building Fireproof Material market is segmented on the basis of:
Types
Coatings, Mortar, Sealants and Fillers, Spray, Preformed Device, Putty, Cast-In Devices, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Industrial, Residential
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- M
- Hilti Group
- Specified Technologies
- ETEX
- Morgan Advanced Materials
- Akzo Nobel NV
- BASF
- Isolatek International
Highlights of The Building Fireproof Material Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Coatings
- Mortar
- Sealants and Fillers
- Spray
- Preformed Device
- Putty
- Cast-In Devices
- Others
- By Application:
- Commercial
- Industrial
- Residential
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Building Fireproof Material Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Building fireproof material is a process of creating materials that resist or extinguish fires. The most common type of building fireproofing is insulation, which helps to keep the building warm in cold weather and cool in hot weather.
Some of the major companies in the building fireproof material market are M, Hilti Group, Specified Technologies, ETEX, Morgan Advanced Materials, Akzo Nobel NV, BASF, Isolatek International.
The building fireproof material market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Building Fireproof Material Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Building Fireproof Material Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Building Fireproof Material Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Building Fireproof Material Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Building Fireproof Material Market Size & Forecast, 2020-2028
4.5.1 Building Fireproof Material Market Size and Y-o-Y Growth
4.5.2 Building Fireproof Material Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Coatings
5.2.2 Mortar
5.2.3 Sealants and Fillers
5.2.4 Spray
5.2.5 Preformed Device
5.2.6 Putty
5.2.7 Cast-In Devices
5.2.8 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Industrial
6.2.3 Residential
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Building Fireproof Material Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Building Fireproof Material Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Coatings
9.6.2 Mortar
9.6.3 Sealants and Fillers
9.6.4 Spray
9.6.5 Preformed Device
9.6.6 Putty
9.6.7 Cast-In Devices
9.6.8 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Industrial
9.10.3 Residential
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Coatings
10.6.2 Mortar
10.6.3 Sealants and Fillers
10.6.4 Spray
10.6.5 Preformed Device
10.6.6 Putty
10.6.7 Cast-In Devices
10.6.8 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Industrial
10.10.3 Residential
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Coatings
11.6.2 Mortar
11.6.3 Sealants and Fillers
11.6.4 Spray
11.6.5 Preformed Device
11.6.6 Putty
11.6.7 Cast-In Devices
11.6.8 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Industrial
11.10.3 Residential
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Coatings
12.6.2 Mortar
12.6.3 Sealants and Fillers
12.6.4 Spray
12.6.5 Preformed Device
12.6.6 Putty
12.6.7 Cast-In Devices
12.6.8 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Industrial
12.10.3 Residential
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Coatings
13.6.2 Mortar
13.6.3 Sealants and Fillers
13.6.4 Spray
13.6.5 Preformed Device
13.6.6 Putty
13.6.7 Cast-In Devices
13.6.8 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Industrial
13.10.3 Residential
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Building Fireproof Material Market: Competitive Dashboard
14.2 Global Building Fireproof Material Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 M
14.3.2 Hilti Group
14.3.3 Specified Technologies
14.3.4 ETEX
14.3.5 Morgan Advanced Materials
14.3.6 Akzo Nobel NV
14.3.7 BASF
14.3.8 Isolatek International
