Fire protection materials are a part of passive fire protection systems. Fire protection materials are various products and components which are used to seal joints & openings in fire-resistance rated floor or wall. Fire protection material prevents the spread of fire from one section of a building to other sections. Fire protection materials are tailored according to the fire safety and building codes.

The global fire protection materials market is valued at USD 4.52 Billion in 2017. Increasing fire safety regulations & codes, and growing construction industry are expected to drive the demand for fire protection materials globally. The commercial construction application segment led the fire protection materials market in 2016. The commercial construction application segment is expected to grow at the highest CAGR between 2017 and 2022 due to the growing fire safety regulations in offices, hospitals, schools, universities, and hotels. The growing industrial & residential construction activities in the U.S., the Middle East, and Asia-Pacific countries, such as China, Japan, and India is also driving this segment. Based on type, the fire protection materials market is segmented into sealants & fillers, mortar, sheets/boards, spray, preformed devices, putty, cast-in devices, and others. The fire protection materials market is led by the sealants & fillers type segment due to their increasing usage in steel infrastructures. The fire protection putty is projected to grow at the highest CAGR during the forecast period. Currently, North America is the largest market for fire protection materials, in terms of value, followed by Europe. Some of the factors driving the growth of the North American fire protection materials market are stringent regulations and codes related to fire safety, and growing construction industry, along with the upgradation of existing buildings. Asia-Pacific is expected to be the fastest-growing market for fire protection materials due to high demand for fire protection materials for industrial and commercial construction. The presence of major developing nations of the Asia-Pacific, such as China, India, and South Korea is also a major driver for the fire protection materials market in the region. New product launches is the most preferred strategy adopted by the key market players to sustain in this highly competitive market. Major opportunities for fire protection materials manufacturers are development of more effective synergist compounds, and emerging economies, such as China, India, and Brazil.

Fire Protection Materials Market vendors are placed into 4 categories based on their performance and reviews in each criterion: “visionary leaders,” “innovators,” “dynamic differentiators,” and “emerging companies".

Visionary leaders are the leading market players in terms of new developments such as product launches, innovative technologies, and the adoption of growth strategies. These players have a broad product offering that caters to most of the regions globally. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and their well-established brand equity.

Dynamic Differentiators are established players with very strong business strategies. However, they have a weaker product portfolio compared to the visionary leaders. They generally focus only on a specific type of technology related to the product.

Innovators in the competitive leadership mapping are vendors that have demonstrated substantial product innovations as compared to their competitors. The companies have focused on product portfolios. However, they do not have very strong growth strategies for their overall business, when compared with the visionary leaders.

Emerging companies have niche product and service offerings. Their business strategies are not as strong as that of the established vendors. The emerging vendors include the new entrants in the market, emerging in terms of product portfolio and geographic reach, and require time to gain significant traction in the market.