The global passive fire protection market reached a value of US$ 4.03 billion in 2021. Looking forward, the market is projected to reach a value of US$ 5.38 billion by 2027, exhibiting a CAGR of 4.82% during 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use industries. These insights are included in the report as a major market contributor.
Passive fire protection (PFP) is an integral component of any fire strategy that divides the building into compartments and prevents the spread of fire by using fire-resistance-rated walls and floors. It relies on fire doors to further compartmentalize the structure and valves and prevent smoke from spreading into the ducts of a building. It works without any human intervention or external energy input while evacuating people and allowing intervention of emergency services. Moreover, PFP offers several advantages, including preventing the progression of fumes, avoiding the spread of flames, containing thermal effects in the disaster area, and maintaining the fire stability of structural elements.
The growing investments in exploration activities, along with the technological advancements in the oil and gas industry, represent one of the key factors driving the market. Moreover, PFP systems protect steel structures against fire by providing them with strength and durability. This, coupled with the rising awareness among individuals about fire safety and the escalating demand for fire-safe buildings, is propelling the growth of the market. In addition, governments of several countries are ensuring that industries comply with fire safety norms and regulations. In line with this, the expanding construction sector and large-scale infrastructure development, especially in developing economies, are positively influencing the market. Additionally, the increasing employment of PFP systems in the information and technology (IT), IT-enables services (ITES), and telecom industries across the globe due to the greater risk of fire hazards as compared to conventional complexes are stimulating the market growth. Apart from this, the rising usage of fire protection boards as roofing, siding, or wall panels to safeguard people and property from fire accidents is offering lucrative growth opportunities to End-users.
This report provides an analysis of the key trends in each sub-segment of the global passive fire protection market, along with forecasts at the global, regional and country level from 2022-2027. The report has categorized the market based on product, application and End-user.
The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, Akzo Nobel N.V., Contego International Inc., Envirograf, Etex Group, Hempel A/S, Isolatek International, Lloyd Insulations (India) Limited, No-Burn Inc., PPG Industries Inc., Sharpfibre Limited and The Sherwin-Williams Company.
Passive fire protection (PFP) is an integral component of any fire strategy that divides the building into compartments and prevents the spread of fire by using fire-resistance-rated walls and floors. It relies on fire doors to further compartmentalize the structure and valves and prevent smoke from spreading into the ducts of a building. It works without any human intervention or external energy input while evacuating people and allowing intervention of emergency services. Moreover, PFP offers several advantages, including preventing the progression of fumes, avoiding the spread of flames, containing thermal effects in the disaster area, and maintaining the fire stability of structural elements.
Passive Fire Protection Market Trends
The growing investments in exploration activities, along with the technological advancements in the oil and gas industry, represent one of the key factors driving the market. Moreover, PFP systems protect steel structures against fire by providing them with strength and durability. This, coupled with the rising awareness among individuals about fire safety and the escalating demand for fire-safe buildings, is propelling the growth of the market. In addition, governments of several countries are ensuring that industries comply with fire safety norms and regulations. In line with this, the expanding construction sector and large-scale infrastructure development, especially in developing economies, are positively influencing the market. Additionally, the increasing employment of PFP systems in the information and technology (IT), IT-enables services (ITES), and telecom industries across the globe due to the greater risk of fire hazards as compared to conventional complexes are stimulating the market growth. Apart from this, the rising usage of fire protection boards as roofing, siding, or wall panels to safeguard people and property from fire accidents is offering lucrative growth opportunities to End-users.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global passive fire protection market, along with forecasts at the global, regional and country level from 2022-2027. The report has categorized the market based on product, application and End-user.
Breakup by Product:
- Cementitious Materials
- Intumescent Coatings
- Fireproofing Cladding
- Others
Breakup by Application:
- Structural
- Compartmentation
- Opening Protection
- Firestopping Material
Breakup by End-user:
- Oil and Gas
- Construction
- Industrial
- Warehousing
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, Akzo Nobel N.V., Contego International Inc., Envirograf, Etex Group, Hempel A/S, Isolatek International, Lloyd Insulations (India) Limited, No-Burn Inc., PPG Industries Inc., Sharpfibre Limited and The Sherwin-Williams Company.
Key Questions Answered in This Report
- How has the global passive fire protection market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global passive fire protection market?
- What are the key regional markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the End-user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global passive fire protection market and who are the key players?
- What is the degree of competition in the industry?
Frequently Asked Questions about the Global Passive Fire Protection Market
What is the estimated value of the Global Passive Fire Protection Market?
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What is the forecasted size of the Global Passive Fire Protection Market?
Who are the key companies in the Global Passive Fire Protection Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 142 |
| Published | April 2022 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( USD | $ 4.03 Billion |
| Forecasted Market Value ( USD | $ 5.38 Billion |
| Compound Annual Growth Rate | 4.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Passive Fire Protection Market
6 Market Breakup by Product
7 Market Breakup by Application
8 Market Breakup by End User
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 3M Company
- Akzo Nobel N.V.
- Contego International Inc.
- Envirograf
- Etex Group
- Hempel A/S
- Isolatek International
- Lloyd Insulations (India) Limited
- No-Burn Inc.
- PPG Industries Inc.
- Sharpfibre Limited
- The Sherwin-Williams Company
Methodology
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