Fire protection market in construction will be worth $4.32 billion in 2022


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The global fire protection materials for the construction market is expected to grow from $3.81 bn in 2021 to $4.32 bn in 2022 at a compound annual growth rate (CAGR) of 13.4%. These projections are based on a report published on titled ‘Fire Protection Materials For Construction Global Market Report 2022’. 

The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the Covid-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $6.04 billion in 2026 at a CAGR of 8.7%.

The fire protection materials for the construction market consist of sales of fire protection materials by entities (organisation, partnership, sole traders) that are used to protect the construction sites from fire and other safety situations. Fire-resistant building materials are any materials that resist fire and do not melt for a long time, that is, they can withstand heat long enough for the residents of the structure to safely leave the premises. Fire protection materials include concrete, reinforcement steel, gypsum, cast iron, bricks, asbestos cement, timber, stone, glass, among others.

The main types of fire protection materials for construction are coatings, mortar, sealants and fillers, sheets or boards, spray, preformed devices, putty, cast-in devices, and others. Mortar is a substance used to fill the gaps between bricks and blocks in masonry construction.

The growing regulations on the mandatory use of fire safety materials are likely to have a positive impact on the growth of fire protection materials for the construction market. Fire safety standards generally aim to reduce the fire-response of products and materials used in various living environments, such as domestic dwellings, household equipment, furnishings and electronics, buildings, and various modes of transportation.

Globally, fire safety standards aim to prevent fires from starting by establishing performance-based norms that, if followed, will improve the fire safety of materials and products. For instance, in March 2020, to improve fire safety in buildings in England and Wales, the Home Office introduced the new Fire Safety Bill.

Key manufacturers in the fire materials for construction market are constantly focusing on cutting-edge research and technological advancements to create improved fire protection materials that can withstand fire for a longer period and emit less smoke when burned. In September 2020, CIN, a Portugal-based company developed two new products C-THERM S110 and C-THERM S111 FD, to protect steel structures from fire.

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