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.
This 66 page report gives readers a comprehensive
overview of the Passive Fire Protection Materials market. Browse
through 4 data tables and 18 figures to unlock the hidden
opportunities in this market @
http://www.transparencymarketresearch.com/saudi-arabia-passive-fire-protection-materials-market.html
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.
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.
Get accurate market forecast and analysis on the
Passive Fire Protection Materials market. Request a sample to stay
abreast on the key trends impacting this market@
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
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Us
Transparency Market Research (TMR) is a global market intelligence
company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and
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techniques to gather and analyze information.
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of research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
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