SAN FRANCISCO, January 9, 2018
SAN FRANCISCO, January 9, 2018 /PRNewswire/ --
The global fire protection materials market for construction industry is expected to reach USD 8.10 billion by 2025, 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. In addition, the growing awareness among people toward fire safety is anticipated to trigger the market growth.
According to the latest report by National Fire Protection Association (NFPA) published in 2016, seven lives are lost each day due to fire incidents in the U.S. alone. Fire protection materials have gained a high popularity on account of their life-saving performance in the critical situation of fire outbreak. It effectively resists fire from spreading from one area to another. Fire protection materials can withstand fire for a long duration and hence allow firefighters to get fire under control and prevent loss of life and property by extending the time frame available for them during such situations.
Growing positive attitude toward building safety codes along with increasing fire hazard incidents is anticipated to boost the sales of fire protection materials around the globe. Fire protection materials have growth potential and can partially replace the traditional construction materials such as sealants, putty, and coating sprays. There are also various official standards established in order to determine the overall effectiveness of the product.
Key manufacturers constantly focus on high-end research and technological advancements to produce improved fire protection materials, which can withstand fire for more duration and produce less smoke when burnt.
Browse full research report with TOC on "Fire Protection Materials Market For Construction Industry: Analysis By Type (Sealants, Mortar, Spray, Sheets/Boards, Putty), By Application, By Region, And Segment Forecasts, 2014 - 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 fire protection materials market for construction on the basis of type, application, and region:
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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.
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