The global fire retardant plywood market was valued at USD 993.3 million in 2017. Rising awareness among builders and contractors, urbanization, and implementation of stringent regulation by governing bodies are driving the demand for the FRT plywood. Moreover, increasing fire incidents across the globe is one of the major drivers due to which adoption of fire retardant plywood is expected to grow in during the forecast period.
The fire retardant plywood industry has been witnessing drastic change over the past two decades, with an increasing demand for fire proof lumber for various applications. The sales of the fire retardant plywood are expected to show lucrative growth over the forecast period owing to the increasing fire incidences globally. Moreover, increasing trend of using less toxic chemicals to treat wood is expected to boost the fire retardant plywood market over the forecast period.
Key factors impacting the global fire retardant plywood market
The above graph represents the key factors which are impacting and will keep impacting the global fire retardant plywood market during the forecast period. There is comparison of impact in 2017 and what will be the impact effects in the coming years. For instance, adoption of FRT plywood is increasing due to growing structural fire incidents across the globe. The number of structural fire incidents as of 2017 were at the highest level. As the adoption rate of FRT plywood is increasing the number of structural fire incidents are expected to decrease in 2022 as you can see in the above figure.
Moreover, the use of wood in the construction of residential and commercial buildings is on the rise. Low cost for the construction of wooden structures by using when compared to concrete and steel building is one of the reason the penetration rate is increasing. Moreover, FTR plywood is witnessing demand as regular wood or plywood is highly flammable and can cause major causalities on the event of any incidents.
Fire Retardant Plywood Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2025||USD 1,163.4 million|
|Growth Rate||CAGR of 71.8% during 2021-2028|
|Segment Covered||Type, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East & Africa|
|Key Players Profiled||Lonza (Arch Wood Protection, Inc.),Lonza (Arch Wood Protection, Inc.), Flameproof Companies, Viance, LLC, Capitol City Lumber Company, Bayou City Lumber, Hoover Treated Wood Products, Inc., Westminster Industries Ltd and Quality Support LLC.|
Key Segments of the Global Fire Retardant Plywood Market
Type Overview, 2012-2022 (USD Million) (Million Square Feet)
Application Overview, 2012-2022 (USD Million) (Million Square Feet)
- Architectural Millwork
- Roof Trusses
Regional Overview, 2012-2022 (USD Million) (Million Square Feet)
- North America
- Rest of Europe
- Southeast Asia
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global fire retardant plywood industry
- Increase in structural fire incidents are paving the way for the adoption of FRT plywood products across the globe
- Rising awareness about the fire retardant plywood products is one of the factors driving the demand further
What does the report include?
- The study on the global fire retardant plywood market includes qualitative factors such as opportunities, drivers, and restraints
- The analysis for the future investments and opportunities is done on the basis of region
- The study covers qualitative and quantitative analysis of the market segmented on the basis of type, application and region. Additionally, the study provides similar information for the key geographies
- Actual market sizes and forecasts have been provided for all the above-mentioned segments
- The study includes the profiles of key players in the market with a significant global and/or regional presence
Who should buy this report?
This study is suitable for industry participants and stakeholders in the fire retardant plywood market. The report will benefit:
- Executives of the fire retardant plywood manufacturing companies
- Managers within financial institutions looking to publish recent and forecasted statistics pertaining to the fire retardant plywood market.
- Venture capitalist looking into investing capital.
- Government organizations, regulatory authorities, policymakers and financial organizations looking for innovative fire retardant plywood solutions.
Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
As a result of increasing fire incidences globally the adoption of fire retardant plywood products has increased. For instance, there were 358,500 home structure fire reported during the year 2011 to 2015. Nearly 2,510 deaths were recorded in these cases and approximately 93% of civilian died in these home fires. Owing to the personal safety reasons the fire retardant plywood market is expected to witness growth in the coming future.
The first reason for death in home structure fire incidences was fire injuries and smoke leading to the death of fire incidences. As the fire retardant plywood is flame proof and emits less smoke there is a greater chance of civilian’s survival if fire retardant plywood is used. Hence, the properties of fire retardant plywood are expected to propel its growth in future. Moreover, the fire incidences that consist home structure fire were caused by the kitchen equipment’s. Hence, fire proof kitchen cabinets and drawers are expected to drive the market growth in future.
Furthermore, the wild fire incidences are recorded all over U.S. by NASA. The wild fires are recorded near Kansas, south eastern, portion of United Nations. For instance, wild fire breaks out in California in 2016. Where 80,000 people were evacuated and lot of homes were lost with its contents. The fire retardant plywood can be used here as it has a flame spread of 25 and emits less amount of smoke and gives more time for evacuation as well as gathering the contents of the house. As a measure of safety fire retardant wood is expected to witness high acceptability in the coming period.
Company Market Share Analysis
The market for fire retardant plywood is fragmented. Companies have high market in US as well as Canada, Mexico, few are expanding in Asia too. Lonza wood protection is one of the major players in the market which occupied highest market share in 2017. Over the past decades there is been rise in the demand for fire retardant plywood owing to the increase in fire incidences and government initiatives to promote fire retardant plywood to avoid casualties.
Companies are focusing on product innovation in order to expand its share in global market. For instance, many companies are opting for eco-friendly chemicals for the treatment of products such as Lonza. Few are continuously investing in research and development projects to bring in new technology to enhance the wood treatment such as Chemco. Companies are also performing acquisitions to expand their to enhance their product portfolio. For instance, Ram Forest Group was acquired by Stella Jones in October 2015. The purchase was made for USD 60 million by Stella Jones who is a producer of treated wood product, to enhance its offering in the retail market and to optimize operating efficiency across networks.
UCFA also known as interior type fire retardant plywood which dominated the overall market in 2017 by occupying more than 70% and is expected to do so over the forecast period. The plywood is used for interior constructions such as roof trusses, architectural millwork, floor joists, rafters, stages, platforms and partition walls. Moreover, the increasing awareness about the use of fire resistance plywood products is one of the major factor driving the demand. The popular interior fire retardant plywood products available in the market are D-Blaze, Dricon, FlameTech, Fire-Pro, and Pyro-Guard.
UCFB also known as exterior fire retardant plywood was growing at a CAGR of 2.9% during the forecast period. There are less number of exterior fire retardant plywood products available in the market as there is low demand for this products when compared to interior plywood products. The exterior fire retardant plywood are used in panelling, store fronts, fences, sheds, roof covering, balconies, decks, and construction staging.
Commercial buildings such as shopping centres, sports stadium and restaurants are using fire retardant treated wood for the construction of interior and exterior of the building. Owing to its easy installation compared to steel & cement construction also reduces the loss of property damage. For instance, according to U.S fire administration in 2015 there were 1,04,600 fire accidents in commercial buildings causing 70 deaths, 1,325 injuries and property loss of USD 2.69 billion.
North America is the major market for fire retardant plywood followed by Europe. The stringent regulations set by governing bodies and increasing fire incidents in these regions is one of the major reason for highly penetrated market. Asia Pacific is witnessing a high demand for the fire retardant plywood, majorly from China, India and Southeast Asian countries.
North America and Europe are already enjoying a high market growth. Hence, major companies and investors are shifting their focus on Asia Pacific and its developing countries including India, Indonesia, Thailand, Philippines and Bangladesh. South America and Middle East & Africa are also expected to witness some investment in the coming years as a result of growing awareness of fire retardant plywood products.
The increasing number of fire incidences is expected to boost the growth of fire retardant treated wood market in North America. As there is rapid investment in residential sector, it is growing at a fast space and is expected to drive the growth of the fire retardant treated wood market. As per images taken by NASA, with the increase in number of wild fires in central and eastern United States the fire-retardant wood market is expected to witness growth due to hot winds fanning this region over the forecast period.
The growing population and migration of people from rural to urban cities has necessitated the need of residential, commercial and institutional buildings. The population of the U.S has increased from 319.9 million in 2015 to 325.1 million as of October 2017. For instance, according to U.S. census the construction price index was valued at USD 1,189 million in august 2016 and was estimated to reach USD 1,218 million in 2017.