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Fire Protection Materials Market for Construction Worth $8.10 Billion by 2025: Grand View Research, Inc.SAN FRANCISCO, September 19, 2018 /PRNewswire/ -- The global fire protection materials for construction market size is expected to reach USD 8.10 billion by 2025, according to a new report by Grand View Research, Inc., projecting an 8.4% CAGR during the forecast period. 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. Browse full research report with TOC on "Fire Protection Materials Market for Construction Industry Analysis Report By Type (Sheet/Board, Sealant, Mortar, Spray, Putty), By Application (Commercial, Industrial, Residential), And Segment Forecasts, 2018 - 2025" at: https://www.grandviewresearch.com/industry-analysis/fire-protection-materials-market Further Key Findings From the Report Suggest:
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Grand View Research has segmented the global fire protection materials market for construction on the basis of type, application, and region:
Explore the BI enabled intuitive market research database, Grand View Compass, by Grand View Research, Inc. About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Web: https://www.grandviewresearch.com SOURCE Grand View Research, Inc. |