Skip to main content

Saudi Arabia Passive Fire Protection Materials Market to Rise at 4.4% CAGR as Construction Activity Increases in the Region


Transparency Market Research (TMR) has published a new report studying the Saudi Arabia passive fire protection materials market . This is a comprehensive report that presents insights into the key growth drivers, potential restraints, threats, and opportunities shaping the growth trajectory of the passive fire protection materials market across Saudi Arabia between 2015 and 2023. The report is titled “Passive Fire Protection Materials Market - Saudi Arabia Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023” and is available for sale on the company website. 

As per the findings compiled in this 66-page report, the Saudi Arabia market for passive fire protection materials had a valuation of US$89.7 mn in 2014. Exhibiting a modest yet a positive CAGR of 4.40%, the market will reach US$131 mn by 2023. Passive fire protection materials provide safety against fire or spread of smoke. These materials have attained commercial prospects since they are essential in mapping a route to escape during such unforeseen occurrences. These materials are used in accordance with fire codes and building codes that local governing bodies mandate.


The economy of Saudi Arabia has risen incredibly in the last couple of years. Among the economic sectors leveraging the booming economic prospects in the region, the construction industry is exhibiting exponential growth. Rapidly increasing construction activities have augmented the demand for passive fire protection materials in the region. Furthermore, the increasing number of rig counts in the Middle East is also touted as a significant factor fuelling the demand from the passive fire protection materials market in Saudi Arabia. A lead analyst from TMR says, “While the market witnesses impressive growth prospects in the region, rigorous government regulations and emission control norms on volatile carbon compounds emission may hamper the overall demand for passive fire protection materials across the region.” 

For the purpose of the study, the report segments the passive fire protection materials market in Saudi Arabia based on parameters including product type and application. Based on product types, the foams and boards segment led the passive fire protection materials market in 2014, accounting for a whopping 90% share. Foams and boards are primarily used in building interiors, apart from which they also provide protection to steel structures. These passive fire protection materials are relatively economical and also add aesthetic value to the overall structure. Intumescent coatings, according to the report, will register the fastest growth among the several product segments during the forecast period. This type of material is primarily used to fireproof steel structures. Other passive fire protection materials, which will exhibit steady growth, include fire blocks, mortar plugs, and cementitious sprays. 

Browse The Full Report At:

The report states that structural steel fireproofing is the largest application segment of the regional passive fire protection materials market. The segment, as per the report, occupies over 25% of the market. Structural steel protection is integral to fire protection in buildings. The civil application of passive fire protection materials in Saudi Arabia, therefore, is poised to grow exponentially over the report’s forecast period. The cable and wire tray fireproofing segment also held a substantial market share in 2014. Other application segments of the market include glasses, windows, and doors. 
The market for passive fire protection materials in Saudi Arabia is moderately fragmented and characterized by the presence of a large number of vendors. Some of the leading players profiled in the report are Jotun, Carboline Company, Fire Protection Ltd., Electropar Performed Line Products, Promat International, the Fireseal Group, Hilti Group, NAFFCO, and 3M Company.
The report segments the passive fire protection materials market in Saudi Arabia as follows:
  • Saudi Arabia Passive Fire Protection Materials Market - Product Segment Analysis
    • Sealants
    • Intumescent coatings
    • Foams & boards
    • Others (Including putties, mortar, fire blocks, and cementitious spray)
  • Saudi Arabia Passive Fire Protection Materials Market - Application Analysis
    • Civil
    • Mechanical & Electrical
    • Duct
    • Structural Steel Fireproofing
    • Cable & Wire Tray Fireproofing
    • Others (Including doors, windows, and glasses)
Labels:
Location: Albany, NY, USA

Comments

Post a Comment

Popular posts from this blog

Global Epoxy Curing Agents Market - Projected to Scale-Up by construction, adhesive, Wind Energy Application to 2022.

“Global Epoxy Curing Agents Market Market Professional Survey Report 2017-2022” Purchase This Report by calling ResearchnReports.com at +1-888-631-6977. Global Epoxy Curing Agents market   Report is a professional and in-depth research report on the world’s major regional market conditions of the Epoxy Curing Agents market, focusing on the main regions (North America, Europe and Asia) and the main countries (United States, Germany, Japan and China). Based on application, the wind energy segment is projected to witness the highest growth from 2017 to 2022, both in terms of value and volume. Wind blades manufacturing is one of the major applications for epoxy curing agents. The depletion of fossil fuels and their volatile prices have resulted in increased energy cost with rise in demand. This research report provides an in-depth analysis of the global Epoxy Curing Agents Market based on enterprise size, services, solution, end-use industry, and geography. The report also prov...
Post a Comment
Read more

Glass Fiber Reinforced Gypsum Market - Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2017-2025

Glass Fiber Reinforced Gypsum (GFRG) is a composite application utilizing naturally occurring mineral gypsum combined with reinforcing fibers. It may also contain polymers to increase product strength. The molding process can be either hand lay-up or a chopped strand spray method. Stereotypically, the end product is used for indoor applications with negligible exposure to moisture or other environmental elements. Completed composites are in the form of ornamental or decorative columns, pillars and facades. With the slowdown in world economic growth, the global market has also suffered a certain impact, but still maintained a relatively optimistic growth. In terms of revenue, the Global Glass Fiber Reinforced Gypsum Market was valued at US$ 458.49 Mn in 2016 and is expected to reach US$ 888.35 Mn by 2025, expanding at a CAGR of 7.6% from 2017 to 2025. The Global Glass Fiber Reinforced Gypsum Market is boosted by factors such as: ·       ...
3 comments
Read more

Global Arcylamide Market for Applications like Waste & Wastewater Treatment, Pulp & Paper, Printing & Dyeing, Solid Crystalline - Analysis of Top Key Players and Forecast to 2022

This report comprises a comprehensive outline of the current state of the   Global Arcylamide market   and projects its growth and every other central elements across major provincial markets. It presents an immense amount of market information that has been collected with the help of countless number of prime and subordinate research techniques. The statistics of this report has been tapered down using numerous industry based analytical procedures. An in depth synopsis of key market drivers, inclinations, manacles are provided and the study analyzes the way they shake the Global Arcylamide market in an affirmative as well as an adverse way. The topographies which are enclosed in this report are North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Taking into consideration the given prediction period and specifically studying each and every data annually, a report is been enlisted to ensure the data is well anticipated by clients. Increasing u...
Post a Comment
Read more