Specialized tape providing fire resistance to objects
Market Overview
Enhances safety and fire protection in buildings and structures
Primary applications in construction and architecture
Growing adoption across multiple industries including automotive and electronics
Market Value & Growth Projections
Market Size & Growth:
Global market valued at USD 1,838.80 million in 2023
Projected to reach USD 3,054.26 million by 2032
CAGR of 5.80% during the forecast period
Key Market Drivers:
Increasing emphasis on fire safety regulations Growth in construction and automotive sectors
Rising awareness about fire hazards
Market Segmentation
Key Market Players
ProTapes
Regional Market Analysis
North America:
USD 527.96 million in 2023, CAGR of 4.97%, driven by stringent safety regulations
Europe:
Growing demand especially in Germany, UK, France, and Italy
Asia-Pacific:
Promising growth led by China, Japan, and South Korea
Middle East & Africa:
Gradual uptake in infrastructure projects
South America:
Rising demand in Brazil and Argentina
