Fire Protection Materials Market To Reach $10.63 Billion By 2030

Fire Protection Materials Market Growth & Trends

The global fire protection materials market size is expected to reach USD 10.63 billion by 2030, registering a CAGR of 8.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is anticipated to grow with the implementation of fire safety regulations and strict building codes. There are also various official standards established to overlook and ensure product effectiveness. In addition, rising awareness among people toward fire safety is anticipated to trigger market growth.

According to the latest report by National Fire Protection Association (NFPA) published in 2016, fire incidents kill at last seven people each day in U.S. alone. Fire protection materials have gained high popularity as they effectively prevent the spread of fire from one area to the other. These materials can withstand fire for a long time. As a result, firefighters can control the fire and prevent loss of life and property by extending the time frame available during such situations.

Improving attitude toward building safety codes, along with increasing fire hazard incidents, is anticipated to boost sales of fire protection materials around the globe. These materials have immense growth potential and can partially replace traditional construction materials such as sealants, putty, and coating sprays.

Key manufacturers constantly focus on high-end research and technological advancements to produce improved fire protection materials that can withstand fire for a longer duration and produce less smoke when burnt.

 Request a free sample copy or view report summary: Fire Protection Materials Market Report

Fire Protection Materials Market Report Highlights

• Sealants accounted for a revenue share of 27.9% in 2023, driven by their effectiveness in maintaining the integrity of fire-rated assemblies and their ability to adhere to various substrates.

• The putty segment is expected to grow at a CAGR of 9.4% over the forecast period. Its versatility and ease of application make it a preferred choice for new construction and retrofit projects.

• The commercial construction segment dominated the fire protection materials market in 2023, driven by the increasing demand for fire safety solutions in office buildings, shopping malls, hotels, and other commercial establishments.

• The residential construction segment is expected to grow fastest over the forecast period. This growth is primarily attributed to the increasing awareness of fire safety among homeowners and the implementation of stringent fire safety regulations in residential buildings.

• North America held a 42.9% revenue share of the global market in 2023. The region, particularly the U.S. and Canada, boasts strong economies with significant investment in infrastructure and construction.

Fire Protection Materials Market Segmentation

Grand View Research has segmented the fire protection materials market on the basis of on product, end-use, and region:

Fire Protection Materials Product Outlook (Revenue, USD Million, 2018 - 2030)

• Sealants

• Mortar

• Spray

• Sheets/Boards

• Putty

• Others

Fire Protection Materials End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Residential Construction

• Commercial Construction

• Industrial Construction

Fire Protection Materials Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Italy

  • Spain

  • Germany

  • France

• Asia Pacific

  • China

  • Japan

  • India

• Latin America

  • Brazil

• Middle East & Africa

  • Saudi Arabia

List of Key Players in the Fire Protection Materials Market

• Akzo Nobel N.V.

• 3M

• Sika AG

• BASF

• Hilti

• Morgan Advanced Materials

• Saint-Gobain

• Henkel AG & Co. KGaA

• Etex Group