Rising Construction Safety Standards Propel Global Steel Fire Rated Expanding Foam Market to USD 1.55 Billion by 2032
Global Steel Fire Rated Expanding Foam for Steel Market is gaining significant traction, with its valuation reaching USD 1.2 billion in 2024, according to latest industry analysis. The market is projected to grow at a steady CAGR of 3.9%, reaching approximately USD 1.55 billion by 2032. This growth trajectory is primarily fueled by stringent fire safety regulations across construction and industrial sectors, coupled with rising awareness about passive fire protection solutions.
Steel fire rated expanding foam solutions have become indispensable in modern construction, particularly for protecting structural steel elements in high-rise buildings, industrial facilities, and critical infrastructure. These intumescent coatings expand when exposed to high temperatures, forming an insulating char layer that delays structural failure and provides crucial evacuation time during fire incidents.
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