Global Passive Fire Protection Market

Passive Fire Protection Market Size, Share, Growth Analysis, By Product(Intumescent Coatings, Cementitious Material), By Application(Oil & Gas, Construction, Industrial, Warehousing), By Region - Industry Forecast 2024-2031


Report ID: SQMIG15B2072 | Region: Global | Published Date: February, 2024
Pages: 157 |Tables: 64 |Figures: 75

Passive Fire Protection Market Insights

Passive Fire Protection Market size was valued at USD 4.13 billion in 2022 and is poised to grow from USD 4.35 billion in 2023 to USD 6.29 billion by 2030, at a CAGR of 5.4% during the forecast period (2023-2030).

The market growth is driven by increasing investments in oil and gas exploration and production, coupled with technological advancements in the sector. Passive fire protection systems play a crucial role in safeguarding steel structures against fire by providing strength and durability.

The U.S. has a high penetration of these products due to stringent regulations and increasing awareness of fire safety. The construction industry's growth, particularly in cities like New York, Missouri, and Los Angeles, is expected to boost the demand for passive fire protection products, driven by rising consumer awareness and the need for fire-safe buildings.

Governments worldwide are collaborating with law enforcement agencies to enforce fire safety regulations, further promoting market growth. The construction sector's rapid expansion in developing countries, such as China, India, and Indonesia, will also contribute to the market's favorable outlook.

The use of cementitious materials and their ability to aid acoustic insulation are additional factors driving market growth.

US Passive Fire Protection Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2023-2030

Global Market Size

USD 4.13 billion

Largest Segment

Construction

Fastest Growth

Construction

Growth Rate

5.4% CAGR

Global Passive Fire Protection Market by region
Country Share for North America (%)

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Passive Fire Protection Market Segmental Analysis

The global passive fire protection market is segmented by product into Intumescent Coatings and Cementitious Materials. The market finds significant application in the construction sector. Geographically, it is segmented into North America, Latin America, Europe, Asia Pacific, and MEA.

Passive Fire Protection Market Analysis By Product

The largest market for cementitious materials in passive fire protection is the industrial sector, including oil and gas facilities, Virtual power plants, and manufacturing units. These sectors require robust fire protection systems to safeguard critical infrastructure and prevent potential disasters. Developed regions like North America and Europe, with a significant presence of industrial facilities, contribute to the largest market share for cementitious materials. The demand for fire protection solutions in construction projects, such as commercial buildings, residential complexes, and infrastructure development, is driving the growth of Intumescent Coatings. Increasing investments in large-scale construction projects, particularly in regions like North America, Europe, and Asia-Pacific, contribute to the market's size and dominance.

Overall, Intumescent Coatings have a strong presence in the construction industry, while Cementitious Materials are witnessing significant growth in the oil and gas sector. These product segments cater to different industries and have distinct growth drivers based on the specific needs and regulations of those industries.

Passive Fire Protection Market Analysis By Application

The largest application segment is the construction industry, which encompasses commercial, residential, and industrial construction projects. The construction sector's growth, driven by increasing infrastructure investments and the need for fire-safe buildings, has propelled the demand for passive fire protection products.

Furthermore, the fastest-growing application segment within the global passive fire protection market is the oil and gas industry. With increasing investments in exploration and production activities, there is a heightened focus on fire safety measures in oil and gas facilities. Passive fire protection systems play a crucial role in protecting steel structures, equipment, and personnel from fire hazards in this industry. Technological advancements and the strict enforcement of fire safety regulations have contributed to the growth of passive fire protection in the oil and gas sector.

Global Passive Fire Protection Market by application, 2022 (%)

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Passive Fire Protection Market Regional Insights

In 2022, the Asia Pacific region held the largest market share of 38.0% in terms of revenue in the global passive fire protection market. The region's growth can be attributed to the rising industrialization and the increased use of steel structures in plant fabrication, driving the demand for passive fire protection systems. The rapid urbanization in countries like China, India, and the Philippines is expected to lead to population growth and increased congestion, creating a higher demand for utilities and housing. This, in turn, will contribute to the growth of passive fire protection products in the region. China, specifically, emerged as the leading manufacturer of passive fire protection products globally. The country benefits from abundant raw material availability and low production costs, which drive market growth. Additionally, the growing population and urbanization in China have spurred infrastructure development, resulting in the construction of fire-safe, energy-efficient green buildings. Stringent regulatory norms and increasing concerns regarding fire safety have further propelled the adoption of passive fire protection systems in the Chinese market.

Global Passive Fire Protection Market by geography, 2023-2030
  • Largest
  • Fastest

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Passive Fire Protection Market Dynamics

Passive Fire Protection Market Drivers

Safety Standards and Regulations to Bolster Market Growth

  • The main driver of the global passive fire protection market is the increasing emphasis on fire safety regulations and standards across various industries. Governments and regulatory bodies worldwide are implementing stringent guidelines to ensure the safety of buildings, infrastructure, and personnel. This has led to a growing demand for passive fire protection systems, such as intumescent coatings and cementitious materials, to enhance fire resistance and protect against potential fire hazards. Additionally, the rising awareness among end-users about the importance of fire safety and the need to safeguard assets and lives has further fueled market growth.

Passive Fire Protection Market Restraints

High Cost

  • Key restraint in the global passive fire protection market is the high cost associated with the installation and maintenance of these systems. Passive fire protection solutions often require specialized materials, equipment, and expertise, which can increase the overall project cost. This cost factor may deter some end-users, especially in developing regions with limited financial resources, from investing in comprehensive passive fire protection measures. Moreover, the lack of awareness and understanding about the benefits and effectiveness of passive fire protection systems among certain industries and regions could also act as a restraint to market growth.

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Passive Fire Protection Market Competitive Landscape

The competitive landscape of the global passive fire protection market is characterized by the presence of several key players. These companies are actively engaged in product development, technological advancements, collaborations, and strategic partnerships to gain a competitive edge in the market. These companies focus on expanding their product portfolios by introducing innovative and high-performance passive fire protection solutions. They also invest in research and development activities to enhance the fire resistance properties of their products and cater to the specific needs of various industries. Additionally, strategic collaborations with construction companies, architects, and regulatory bodies help these players in gaining market traction and expanding their customer base. The competitive landscape is further influenced by factors such as technological advancements, product quality, pricing strategies, and brand reputation. Companies strive to differentiate themselves through continuous product innovation, efficient distribution channels, and superior customer service. Overall, the competitive landscape of the passive fire protection market is dynamic, with intense competition among key players driving the industry forward.

Passive Fire Protection Market Top Player’s Company Profiles

  • Akzo Nobel N.V. - Netherlands
  • PPG Industries - United States
  • Sherwin-Williams Company - United States
  • Promat International NV - Belgium
  • Hempel A/S - Denmark
  • Carboline Company - United States
  • Jotun - Norway
  • Teknos Group - Finland
  • Sika AG - Switzerland
  • Hilti Group - Liechtenstein
  • Nullifire - United Kingdom
  • Isolatek International - United States
  • 3M Company - United States
  • Flame Control Coatings - United States
  • Nullifire Ltd. - United Kingdom
  • Albi Manufacturing - United States
  • Albi Protective Coatings - United States
  • Contego International Inc. - United States
  • Sherwin-Williams Protective & Marine Coatings - United States
  • Rolf Kuhn GmbH - Germany

Passive Fire Protection Market Recent Developments

  • In October 2020, CharCoat Passive Fire Protection Inc., a company specializing in electrical fire protection and insulation coatings, announced the successful completion of another test for its CharCoat CC Electrical Cable Coating. This coating provides effective fire protection for electrical cables.

Passive Fire Protection Key Market Trends

  • The global passive fire protection market is witnessing several key market trends that are shaping its growth and development. One prominent trend is the increasing adoption of advanced intumescent coatings and cementitious materials to enhance fire resistance in buildings, infrastructure, and industrial facilities. As regulations and awareness regarding fire safety continue to strengthen, there is a growing demand for high-performance passive fire protection systems that offer prolonged fire resistance periods and improved thermal insulation properties. Additionally, the market is experiencing a surge in research and development activities aimed at developing eco-friendly and sustainable fire protection solutions, catering to the rising demand for green and energy-efficient buildings.

Passive Fire Protection Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our analysis, the global passive fire protection market appears promising, driven by several factors. Increasing awareness and stringent fire safety regulations across industries are expected to drive the demand for passive fire protection systems. Growing investments in infrastructure development, particularly in emerging economies, will further fuel market growth. Additionally, advancements in technology and product innovation will lead to the development of more efficient and effective passive fire protection solutions. The rising focus on sustainable and green buildings, coupled with the integration of fire safety measures, will also contribute to market expansion. Overall, the global passive fire protection market is anticipated to experience steady growth in the coming years as the need for fire protection continues to be a priority for industries worldwide.

Report Metric Details
Market size value in 2022 USD 4.13 billion
Market size value in 2030 USD 6.29 billion
Growth Rate 5.4%
Base year 2023
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Product
    • Intumescent Coatings, Cementitious Material
  • Application
    • Oil & Gas, Construction, Industrial, Warehousing, Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Akzo Nobel N.V. - Netherlands
  • PPG Industries - United States
  • Sherwin-Williams Company - United States
  • Promat International NV - Belgium
  • Hempel A/S - Denmark
  • Carboline Company - United States
  • Jotun - Norway
  • Teknos Group - Finland
  • Sika AG - Switzerland
  • Hilti Group - Liechtenstein
  • Nullifire - United Kingdom
  • Isolatek International - United States
  • 3M Company - United States
  • Flame Control Coatings - United States
  • Nullifire Ltd. - United Kingdom
  • Albi Manufacturing - United States
  • Albi Protective Coatings - United States
  • Contego International Inc. - United States
  • Sherwin-Williams Protective & Marine Coatings - United States
  • Rolf Kuhn GmbH - Germany
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Passive Fire Protection Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Passive Fire Protection Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Passive Fire Protection Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Passive Fire Protection Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Passive Fire Protection Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Passive Fire Protection Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Passive Fire Protection Market size was valued at USD 4.13 billion in 2022 and is poised to grow from USD 4.35 billion in 2023 to USD 6.29 billion by 2030, at a CAGR of 5.4% during the forecast period (2023-2030).

The competitive landscape of the global passive fire protection market is characterized by the presence of several key players. These companies are actively engaged in product development, technological advancements, collaborations, and strategic partnerships to gain a competitive edge in the market. These companies focus on expanding their product portfolios by introducing innovative and high-performance passive fire protection solutions. They also invest in research and development activities to enhance the fire resistance properties of their products and cater to the specific needs of various industries. Additionally, strategic collaborations with construction companies, architects, and regulatory bodies help these players in gaining market traction and expanding their customer base. The competitive landscape is further influenced by factors such as technological advancements, product quality, pricing strategies, and brand reputation. Companies strive to differentiate themselves through continuous product innovation, efficient distribution channels, and superior customer service. Overall, the competitive landscape of the passive fire protection market is dynamic, with intense competition among key players driving the industry forward. 'Akzo Nobel N.V. - Netherlands', 'PPG Industries - United States', 'Sherwin-Williams Company - United States', 'Promat International NV - Belgium', 'Hempel A/S - Denmark', 'Carboline Company - United States', 'Jotun - Norway', 'Teknos Group - Finland', 'Sika AG - Switzerland', 'Hilti Group - Liechtenstein', 'Nullifire - United Kingdom', 'Isolatek International - United States', '3M Company - United States', 'Flame Control Coatings - United States', 'Nullifire Ltd. - United Kingdom', 'Albi Manufacturing - United States', 'Albi Protective Coatings - United States', 'Contego International Inc. - United States', 'Sherwin-Williams Protective & Marine Coatings - United States', 'Rolf Kuhn GmbH - Germany'

The main driver of the global passive fire protection market is the increasing emphasis on fire safety regulations and standards across various industries. Governments and regulatory bodies worldwide are implementing stringent guidelines to ensure the safety of buildings, infrastructure, and personnel. This has led to a growing demand for passive fire protection systems, such as intumescent coatings and cementitious materials, to enhance fire resistance and protect against potential fire hazards. Additionally, the rising awareness among end-users about the importance of fire safety and the need to safeguard assets and lives has further fueled market growth.

The global passive fire protection market is witnessing several key market trends that are shaping its growth and development. One prominent trend is the increasing adoption of advanced intumescent coatings and cementitious materials to enhance fire resistance in buildings, infrastructure, and industrial facilities. As regulations and awareness regarding fire safety continue to strengthen, there is a growing demand for high-performance passive fire protection systems that offer prolonged fire resistance periods and improved thermal insulation properties. Additionally, the market is experiencing a surge in research and development activities aimed at developing eco-friendly and sustainable fire protection solutions, catering to the rising demand for green and energy-efficient buildings.

In 2022, the Asia Pacific region held the largest market share of 38.0% in terms of revenue in the global passive fire protection market. The region's growth can be attributed to the rising industrialization and the increased use of steel structures in plant fabrication, driving the demand for passive fire protection systems. The rapid urbanization in countries like China, India, and the Philippines is expected to lead to population growth and increased congestion, creating a higher demand for utilities and housing. This, in turn, will contribute to the growth of passive fire protection products in the region. China, specifically, emerged as the leading manufacturer of passive fire protection products globally. The country benefits from abundant raw material availability and low production costs, which drive market growth. Additionally, the growing population and urbanization in China have spurred infrastructure development, resulting in the construction of fire-safe, energy-efficient green buildings. Stringent regulatory norms and increasing concerns regarding fire safety have further propelled the adoption of passive fire protection systems in the Chinese market.

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