Fireproofing Materials Market is projected to expand at a steady CAGR over the forecast by 2031 | Etex Group, PPG Industries, Inc, BASF SE, Carboline, RPM International Inc.

New York, Fireproofing materials are designed to protect structural steel from the damaging effects of fire. The most common type of fireproofing material is spray-applied fireproofing, which is applied as a wet spray and dries to form a protective coating on the steel. Other types of fireproofing materials include intumescent paint, which swells and forms a char barrier when exposed to heat, and endothermic powder, which absorbs heat to help prevent the steel from reaching its melting point.

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Key Market Players

The Fireproofing Materials Market includes players such as 3M, Akzo Nobel N.V., Isolatek International, Sika AG, Etex Group, PPG Industries, Inc, BASF SE, Carboline, RPM International Inc. and Jotun Group.

Key Trends

There are four key trends in fireproofing materials technology:

1. Increased use of intumescent fireproofing materials
2. Development of spray-applied fireproofing materials
3. Use of fireproofing materials in combination with other fire protection systems
4. Increased use of passive fire protection systems

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Key Drivers

There are several key drivers of the fireproofing materials market.

Firstly, the increasing awareness of fire safety is driving the demand for fireproofing materials.

Secondly, the stringent government regulations regarding fire safety are also boosting the market growth.

Thirdly, the growing construction industry is another major factor driving the market growth.

Fourthly, the increasing demand for fireproofing materials from the oil & gas and power generation industries is also propelling the market growth.

Market Segments

The Fireproofing Materials Market is segmented by coating type, end-use and region. By coating type the market is divided into intumescent coatings (thin film and thick film), and cementitious coatings (cement-based and gypsum based). Based on end-use it is bifurcated into commercial, industrial, and residential. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.

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