Fire Resistant Mortar Market: An Easy and Safe Solution
- Fire resistance is a property of materials or their assemblies, which prevents or retards the passage of excessive heat, hot gases, or flames
- Fire resistance of materials is measured in terms of fire resistance rating. Fire resistance rating is typically determined by measuring the ability of a passive fire protection material or material assembly to withstand a standard fire resistance test.
- A fire resistant mortar is a workable paste that dries to bind building blocks in various forms, which is used to prevent transfer of excessive heat; avoid fire accidents; and stop fire from further spreading
- The three important properties of fire resistant mortars are workability, bonding, and compressive strength. Workability implies that a fire resistant mortar spreads easily. Bonding implies that it offers strong bonding with the mixture. Compressive strength implies that a fire resistant mortar acts as a primary force of bonding.
Key Drivers of Global Fire Resistant Mortar Market
- Growth of the global fire resistant mortar market can be attributed to rising number of fire safety regulations, growth of the global construction industry, and increase in steel consumption globally. The market is likely to continue to witness significant growth in the near future, as fire resistant mortars have the ability to partially replace traditional construction materials such as sealants, putty, and coating sprays.
- Growth of the global retail industry is likely to have a significant positive impact on the commercial application segment of the global fire resistant mortar market during the forecast period
- From the safety point of view, fire resistant materials delay the spread of flames, toxic fumes, and smoke and provide people with the much-required time to evacuate the premises. This also gives fire engines and personnel added time to carry out rescue operations.
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Global Fire Resistant Mortar Market, by Application
- Commercial construction is expected to be the leading application segment of the global fire resistant mortar market during the forecast period. It is also expected to be the most rapidly expanding segment from 2019 to 2027, owing to increasing number of fire safety regulations and implementation of strict building codes during construction of offices, shopping centers, malls, hospitals, colleges, schools, universities, and hotels.
- Developing economies, such as Brazil and India, are projected to offer immense opportunities for various players operating in the fire resistant mortar market during the forecast period
- The thriving industrial sector and rapidly growing urbanization in developed as well as developing countries are expected to create significant opportunities for the global fire resistant mortar market in the next few years
Asia Pacific to Lead Global Market for Fire Resistant Mortars
- Asia Pacific is expected to hold a major share of the global market in the next few years, owing to increasing disposable income and growing awareness among people in the region. Rapid growth in population in countries such as China and India and increasing industrial activities led by favorable initiatives by governments are likely to drive the market in Asia Pacific in the next few years.
- The market in Middle East & Africa is anticipated to expand at a rapid rate from 2019 to 2027, due to increasing construction of skyscrapers and high-rise buildings in countries across the region
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Key Manufacturers Operating in Global Market
The global fire resistant mortar market was highly fragmented in 2018. Key manufacturers operating in the global market are:
- AkzoNobel N.V.
- Sika AG
- BASF SE
- Hilti Group
- Morgan Advanced Materials
- Rolf Kuhn GmbH
- Specified Technologies Inc.
Global Fire Resistant Mortar Market: Research Scope
Global Fire Resistant Mortar Market, by Type
- Sealants & Fillers
- Preformed Devices
- Cast-in Devices
Global Fire Resistant Mortar Market, by End-use Industry
Global Fire Resistant Mortar Market, by Region
- North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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