Fire Protection Materials Market - Future, Scope, Trends [2028]
The Global Fire Protection Materials Market was valued at USD 7.42 billion in 2022 and is growing at a CAGR of 7.61% during the forecast period. The increasing utilization of such technologies in diverse structures, driven by the implementation of stringent safety regulations and building standards, is anticipated to fuel the growth of the fire protection materials market in the forecast period. Moreover, the growing public consciousness regarding workplace and residential safety is expected to contribute to the market's value in the coming years. Key Market Drivers Increasing Stringency of Fire Safety Regulations and Codes One of the main factors driving the growth of the global fire protection materials market is the increasing strictness of fire safety regulations and building codes enforced by governments and regulatory bodies worldwide. With the growing realization of the devastating impact of fires on human lives, property, and the environment, au...