FIRE PROTECTION MATERIALS MARKET ANALYSIS

Market News

Fire Protection Materials Market: Key Developments

• In June 2019, 3M Co announced that it will sell its gas and flame detection business to Teledyne Technologies Incorporated for an amount of USD 230 million. In addition to this, the company has announced that it would retain its Scott Safety brand name. The company has announced that its gas and flame detection business had produced a global sales revenue of USD 120 million.
• In Oct 2018, Akzo Nobel N.V. sold the Specialty Chemicals business to The Carlyle Group and GIC for an enterprise value of €10.1 billion. This business segment provided fire protection coatings as one of its major products. The major fire protection materials which were provided as a part of this business segment were the Cellulosic fire protection and the Hydrocarbon fire protection products amongst others.
• In Oct 2015, the BASF has developed an epoxy resin material, which would improve the properties of the fire protection panels. The production of this new products would start from 2016. The new product Palusol fire-protection panels would have advanced properties such as higher thermal resilience and lower permeability to water vapor and carbon dioxide substances.