The Global Magnesium Fireproof Board Market is expected to reach USD 987.94 Million by 2021
A new study “Global Magnesium Fireproof Board Market by Manufacturers, Regions, Type and Application, Forecast to 2021” says growing demand for commercial and residential buildings has driven the growth of global Magnesium Fireproof Board market. Market is expected to grow at a CAGR of 18.4%.
The global magnesium oxide board market, according to QYResearch, was valued at USD $947.06 million in 2016 and is expected to reach US$987.94 million by 2021. The Asia-Pacific region is the largest consumer, representing 43 percent of total consumption in 2016 followed by North America at 18.66 percent.
Using TRILITE RMS Board result in lower construction costs as well as maintenance costs and display superior performance compared to traditional wood, gypsum and cement-based products. Exterior and interior wallboards made with magnesium oxide are not only strong, they also known to be fire-resistant, mold proof, non-toxic, insulating and hold up well in water.
TRILITE RMS Board is a fire proof and a thermal insulation building material. It can be used for a number of applications including wall and ceiling linings, exterior cladding, fascia’s, soffits, tile backing and flooring underlay.
TRILITE RMS Board is non-combustible and can achieve fire ratings as high as 4 hours given the correct installation. It can be used for sound studios, schools, public areas, movie theatres, train and bus partitioning, boat partitioning, shopping centers and any area where the fireproof function is necessary.