The size of the fireproofing materials market was USD 1,195.9 million in 2023, and it will power at a compound annual growth rate of 6.9% by the end of this decade, to touch a total value of USD 1,899 million by 2030. This has a lot to do with the growing count of fire incidents all over the world, the rising acceptance of associated safety guidelines and policies, and the rapid infra expansion activities at a global level.

The commercial end-users will observe considerable growth, with a rate of 6.7%, in the years to come. It led the industry in 2023 and it will retain its position in the future. This is for the reason that it is vital to fireproof commercial spaces to avert loss of life along with damage to buildings, important equipment, materials, and further assets.

Likewise, roofs can be protected with the use of fireproofing materials, and likewise applying further protective measures like evading wood roofing shingles and choose asphaltic or concrete structures instead. All these reasons are revealing of the tendency to the growing demand for fireproofing material.

The coatings category will lead the fireproofing materials market, with 30% share. This can be majorly credited to their diverse applications in the construction sector. Coatings are put to use in old and new buildings for restoration and upkeep accompanied by resistance to weather conditions. Furthermore, it is also applied to steel used in the new building construction.

As it offers extreme resistance against flames and is fairly durable, it is most used in commercial and industrial spaces. Therefore, more than a few advantages of intumescent coatings will propel the growth of the industry.

It is because of the growing number of fire incidents all over the world, the demand for fireproofing materials is on the rise. This trend will continue in the years to come as well.