Global Fire Protection Materials in Construction Market to Reach $4.6 Billion by 2027

DUBLIN, July 30, 2021 /PRNewswire/ -- The "Fire Protection Materials in Construction - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Fire Protection Materials in Construction estimated at US$2.8 Billion in the year 2020, is projected to reach a revised size of US$4.6 Billion by 2027, growing at a CAGR of 7.3% over the analysis period 2020-2027.

Coatings, one of the segments analyzed in the report, is projected to record a 8.4% CAGR and reach US$1.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Mortar segment is readjusted to a revised 7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $767.7 Million, While China is Forecast to Grow at 11.1% CAGR

The Fire Protection Materials in Construction market in the U.S. is estimated at US$767.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1 Billion by the year 2027 trailing a CAGR of 11.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 6.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR.

Sealants & Fillers Segment to Record 7.1% CAGR

In the global Sealants & Fillers segment, USA, Canada, Japan, China and Europe will drive the 6.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$425.4 Million in the year 2020 will reach a projected size of US$663 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$635.5 Million by the year 2027, while Latin America will expand at a 8.4% CAGR through the analysis period.

Select Competitors Featured:

• 3M
• Akzo Nobel N.V.
• BASF SE
• Contego International Inc. (US)
• Den Braven (The Netherlands)
• Dufaylite Developments LTD (UK)
• ETEX
• Fire Protection Coatings Limited (UK)
• Group
• Hempel Group (Denmark)
• Isolatek International
• Morgan Advanced Materials
• No-Burn Inc.(US)
• PPG Industries Inc. (US)
• Rectorseal (US)
• Rolf Kuhn GmbH.(Germany)
• Sika Group (Switzerland)
• Specified Technologies Inc.
• Supremex Equipments (India)
• Tenmat LTD. (UK)
• The Sherwin-Williams Company (US)
• Tremco Incorporated
• USG Corporation
• W. R. Grace & Co. (US)
• Walraven (The Netherlands)

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/gudibn

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SOURCE Research and Markets