PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1462744
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1462744
Passive Fire Protection Market Forecasts to 2030 - Global Analysis By Product (Cementitious Materials, Fireproofing Cladding, Intumescent Coatings and Other Products), Application, End User and By Geography
According to Stratistics MRC, the Global Passive Fire Protection Market is accounted for $4.4 billion in 2023 and is expected to reach $7.3 billion by 2030 growing at a CAGR of 7.4% during the forecast period. Passive fire protection encompasses measures designed to prevent the spread of fire without requiring activation. This includes fire-resistant materials, barriers, and structural elements integrated into buildings to contain fires, limit their spread, and safeguard occupants' lives and property. It forms an essential component of overall fire safety strategies in buildings and industrial facilities.
According to the National Fire Protection Association (NFPA), fire incidents at residential structures rose by 6.0% in the U.S. from 2021 to 2022.
Market Dynamics:
Driver:
Growing awareness of fire safety
As communities become more informed about the risks associated with fires, there's a corresponding increase in demand for passive fire protection measures. Heightened awareness arises from various sources, including high-profile fire incidents, safety campaigns, and educational initiatives emphasizing the devastating consequences of fires. Furthermore, this growing awareness influences decision-making processes among stakeholders in the construction industry, driving the adoption of fire-resistant materials, which drive this market.
Restraint:
High cost
Passive fire protection solutions often involve higher upfront expenses compared to non-fire-rated alternatives. The complexity of passive fire protection systems and the need for skilled labor to install and maintain them can further contribute to higher costs. Additionally, this mindset may be exacerbated in competitive construction markets where cost considerations heavily influence decision-making, thereby gradually impeding market growth.
Opportunity:
Increasing focus on property protection
Passive fire protection measures play a crucial role in property protection by containing the spread of fire, smoke, and heat within buildings. As a result, there is a heightened emphasis on implementing robust fire protection measures to mitigate these risks and safeguard assets. Additionally, insurance companies also play a significant role in driving the adoption of passive fire protection measures, which is driving this market expansion.
Threat:
Limited awareness
Despite the critical importance of fire safety in buildings and structures, there remains a lack of awareness among stakeholders and the general public regarding the necessity and benefits of passive fire protection measures. Moreover, misconceptions about the costs and complexities associated with passive fire protection solutions can further hinder their adoption. Some stakeholders may perceive these measures as burdensome or unnecessary, leading to a reluctance to invest in them, which is hindering this market further.
Covid-19 Impact
The COVID-19 pandemic has had several negative impacts on the passive fire protection market. The economic downturn caused by the pandemic has led to a slowdown in construction activity in many regions. With fewer new construction projects and renovations taking place, demand for passive fire protection products and services has decreased. In addition, this has resulted in project delays and increased costs for construction companies and developers, which has gradually impeded this market size.
The fireproofing cladding segment is expected to be the largest during the forecast period
The fireproofing cladding segment is estimated to hold the largest share due to its crucial role in safeguarding buildings and structures against the spread of fire. It typically consists of fire-resistant materials, such as mineral wool, fire-rated insulation boards, or intumescent coatings, which are applied to the exterior surfaces of buildings. Moreover, builders, architects, and developers prioritize the integration of fire-resistant cladding solutions into their projects to comply with regulations, mitigate fire risks, and enhance the overall safety and resilience of buildings, which is propelling this segment's growth.
The opening protection segment is expected to have the highest CAGR during the forecast period
The opening protection segment is anticipated to have highest CAGR during the forecast period due to its encompassment of a diverse array of products and technologies tailored to enhance fire resistance and containment. These elements serve as crucial barriers, impeding the passage of flames, smoke, and toxic gases between different compartments within a structure. Furthermore, compliance with these regulations is essential for ensuring occupant safety and minimizing property damage in the event of a fire, which is boosting this segment's expansion.
Region with largest share:
Europe commanded the largest market share during the extrapolated period owing to a crucial aspect of building safety regulations and construction practices. With stringent building codes and standards, European countries prioritize fire safety to protect lives, property, and the environment. Furthermore, Government initiatives promoting fire safety standards also play a significant role in driving market growth.
Region with highest CAGR:
North America is expected to witness highest CAGR over the projection period, owing to a wide range of products and solutions designed to limit the spread of fire, smoke, and heat within buildings and infrastructure. The market benefits from the presence of established manufacturers and suppliers offering high-quality passive fire protection solutions. Moreover, technological advancements and ongoing research and development efforts contribute to the evolution of passive fire protection solutions, resulting in innovative products that provide enhanced performance and durability, thereby propelling this region's size.
Key players in the market
Some of the key players in the Passive Fire Protection Market include 3M Company, Akzo Nobel N.V., BASF SE, Contego International Inc., Envirograf, Etex Group, Hempel A/S, Isolatek International, Lloyd Insulations Limited, No-Burn Inc., Nullifire Limited, PPG Industries Inc., Sharpfibre Limited, The Sherwin-Williams Company and Tremco Incorporated.
Key Developments:
In March 2024, 3M and HD Hyundai Korea Shipbuilding & Marine Engineering (KSOE) have signed a joint research project agreement to develop large liquid hydrogen storage tanks using Glass Bubbles from 3M - a high-strength, low-density hollow glass microsphere.
In March 2024, Isobionics(R), a BASF Aroma Ingredients brand, is launching a new natural product on the flavor market. Isobionics(R) Natural beta-Caryophyllene 80 is the latest addition to the Isobionics(R) portfolio, and is proof of the commitment to developing natural flavors driven by customer needs.
In February 2024, INEOS Automotive and BASF's Coatings division have signed an agreement on a global automotive refinish body and paint development. The partners will commit to a long-term strategic collaboration that enables them to exceed the industry standard in vehicle body repair and paint refinish.
Products Covered:
- Cementitious Materials
- Fireproofing Cladding
- Intumescent Coatings
- Other Products
Applications Covered:
- Firestopping Material
- Compartmentation
- Opening Protection
- Other Applications
End Users Covered:
- Industrial
- Construction
- Warehousing
- Oil and Gas
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Product Analysis
- 3.7 Application Analysis
- 3.8 End User Analysis
- 3.9 Emerging Markets
- 3.10 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Passive Fire Protection Market, By Product
- 5.1 Introduction
- 5.2 Cementitious Materials
- 5.3 Fireproofing Cladding
- 5.4 Intumescent Coatings
- 5.5 Other Products
6 Global Passive Fire Protection Market, By Application
- 6.1 Introduction
- 6.2 Firestopping Material
- 6.3 Compartmentation
- 6.4 Opening Protection
- 6.5 Other Applications
7 Global Passive Fire Protection Market, By End User
- 7.1 Introduction
- 7.2 Industrial
- 7.3 Construction
- 7.4 Warehousing
- 7.5 Oil and Gas
- 7.6 Other End Users
8 Global Passive Fire Protection Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 3M Company
- 10.2 Akzo Nobel N.V.
- 10.3 BASF SE
- 10.4 Contego International Inc.
- 10.5 Envirograf
- 10.6 Etex Group
- 10.7 Hempel A/S
- 10.8 Isolatek International
- 10.9 Lloyd Insulations Limited
- 10.10 No-Burn Inc.
- 10.11 Nullifire Limited
- 10.12 PPG Industries Inc.
- 10.13 Sharpfibre Limited
- 10.14 The Sherwin-Williams Company
- 10.15 Tremco Incorporated
List of Tables
- Table 1 Global Passive Fire Protection Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Passive Fire Protection Market Outlook, By Product (2021-2030) ($MN)
- Table 3 Global Passive Fire Protection Market Outlook, By Cementitious Materials (2021-2030) ($MN)
- Table 4 Global Passive Fire Protection Market Outlook, By Fireproofing Cladding (2021-2030) ($MN)
- Table 5 Global Passive Fire Protection Market Outlook, By Intumescent Coatings (2021-2030) ($MN)
- Table 6 Global Passive Fire Protection Market Outlook, By Other Products (2021-2030) ($MN)
- Table 7 Global Passive Fire Protection Market Outlook, By Application (2021-2030) ($MN)
- Table 8 Global Passive Fire Protection Market Outlook, By Firestopping Material (2021-2030) ($MN)
- Table 9 Global Passive Fire Protection Market Outlook, By Compartmentation (2021-2030) ($MN)
- Table 10 Global Passive Fire Protection Market Outlook, By Opening Protection (2021-2030) ($MN)
- Table 11 Global Passive Fire Protection Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 12 Global Passive Fire Protection Market Outlook, By End User (2021-2030) ($MN)
- Table 13 Global Passive Fire Protection Market Outlook, By Industrial (2021-2030) ($MN)
- Table 14 Global Passive Fire Protection Market Outlook, By Construction (2021-2030) ($MN)
- Table 15 Global Passive Fire Protection Market Outlook, By Warehousing (2021-2030) ($MN)
- Table 16 Global Passive Fire Protection Market Outlook, By Oil and Gas (2021-2030) ($MN)
- Table 17 Global Passive Fire Protection Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 18 North America Passive Fire Protection Market Outlook, By Country (2021-2030) ($MN)
- Table 19 North America Passive Fire Protection Market Outlook, By Product (2021-2030) ($MN)
- Table 20 North America Passive Fire Protection Market Outlook, By Cementitious Materials (2021-2030) ($MN)
- Table 21 North America Passive Fire Protection Market Outlook, By Fireproofing Cladding (2021-2030) ($MN)
- Table 22 North America Passive Fire Protection Market Outlook, By Intumescent Coatings (2021-2030) ($MN)
- Table 23 North America Passive Fire Protection Market Outlook, By Other Products (2021-2030) ($MN)
- Table 24 North America Passive Fire Protection Market Outlook, By Application (2021-2030) ($MN)
- Table 25 North America Passive Fire Protection Market Outlook, By Firestopping Material (2021-2030) ($MN)
- Table 26 North America Passive Fire Protection Market Outlook, By Compartmentation (2021-2030) ($MN)
- Table 27 North America Passive Fire Protection Market Outlook, By Opening Protection (2021-2030) ($MN)
- Table 28 North America Passive Fire Protection Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 29 North America Passive Fire Protection Market Outlook, By End User (2021-2030) ($MN)
- Table 30 North America Passive Fire Protection Market Outlook, By Industrial (2021-2030) ($MN)
- Table 31 North America Passive Fire Protection Market Outlook, By Construction (2021-2030) ($MN)
- Table 32 North America Passive Fire Protection Market Outlook, By Warehousing (2021-2030) ($MN)
- Table 33 North America Passive Fire Protection Market Outlook, By Oil and Gas (2021-2030) ($MN)
- Table 34 North America Passive Fire Protection Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 35 Europe Passive Fire Protection Market Outlook, By Country (2021-2030) ($MN)
- Table 36 Europe Passive Fire Protection Market Outlook, By Product (2021-2030) ($MN)
- Table 37 Europe Passive Fire Protection Market Outlook, By Cementitious Materials (2021-2030) ($MN)
- Table 38 Europe Passive Fire Protection Market Outlook, By Fireproofing Cladding (2021-2030) ($MN)
- Table 39 Europe Passive Fire Protection Market Outlook, By Intumescent Coatings (2021-2030) ($MN)
- Table 40 Europe Passive Fire Protection Market Outlook, By Other Products (2021-2030) ($MN)
- Table 41 Europe Passive Fire Protection Market Outlook, By Application (2021-2030) ($MN)
- Table 42 Europe Passive Fire Protection Market Outlook, By Firestopping Material (2021-2030) ($MN)
- Table 43 Europe Passive Fire Protection Market Outlook, By Compartmentation (2021-2030) ($MN)
- Table 44 Europe Passive Fire Protection Market Outlook, By Opening Protection (2021-2030) ($MN)
- Table 45 Europe Passive Fire Protection Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 46 Europe Passive Fire Protection Market Outlook, By End User (2021-2030) ($MN)
- Table 47 Europe Passive Fire Protection Market Outlook, By Industrial (2021-2030) ($MN)
- Table 48 Europe Passive Fire Protection Market Outlook, By Construction (2021-2030) ($MN)
- Table 49 Europe Passive Fire Protection Market Outlook, By Warehousing (2021-2030) ($MN)
- Table 50 Europe Passive Fire Protection Market Outlook, By Oil and Gas (2021-2030) ($MN)
- Table 51 Europe Passive Fire Protection Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 52 Asia Pacific Passive Fire Protection Market Outlook, By Country (2021-2030) ($MN)
- Table 53 Asia Pacific Passive Fire Protection Market Outlook, By Product (2021-2030) ($MN)
- Table 54 Asia Pacific Passive Fire Protection Market Outlook, By Cementitious Materials (2021-2030) ($MN)
- Table 55 Asia Pacific Passive Fire Protection Market Outlook, By Fireproofing Cladding (2021-2030) ($MN)
- Table 56 Asia Pacific Passive Fire Protection Market Outlook, By Intumescent Coatings (2021-2030) ($MN)
- Table 57 Asia Pacific Passive Fire Protection Market Outlook, By Other Products (2021-2030) ($MN)
- Table 58 Asia Pacific Passive Fire Protection Market Outlook, By Application (2021-2030) ($MN)
- Table 59 Asia Pacific Passive Fire Protection Market Outlook, By Firestopping Material (2021-2030) ($MN)
- Table 60 Asia Pacific Passive Fire Protection Market Outlook, By Compartmentation (2021-2030) ($MN)
- Table 61 Asia Pacific Passive Fire Protection Market Outlook, By Opening Protection (2021-2030) ($MN)
- Table 62 Asia Pacific Passive Fire Protection Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 63 Asia Pacific Passive Fire Protection Market Outlook, By End User (2021-2030) ($MN)
- Table 64 Asia Pacific Passive Fire Protection Market Outlook, By Industrial (2021-2030) ($MN)
- Table 65 Asia Pacific Passive Fire Protection Market Outlook, By Construction (2021-2030) ($MN)
- Table 66 Asia Pacific Passive Fire Protection Market Outlook, By Warehousing (2021-2030) ($MN)
- Table 67 Asia Pacific Passive Fire Protection Market Outlook, By Oil and Gas (2021-2030) ($MN)
- Table 68 Asia Pacific Passive Fire Protection Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 69 South America Passive Fire Protection Market Outlook, By Country (2021-2030) ($MN)
- Table 70 South America Passive Fire Protection Market Outlook, By Product (2021-2030) ($MN)
- Table 71 South America Passive Fire Protection Market Outlook, By Cementitious Materials (2021-2030) ($MN)
- Table 72 South America Passive Fire Protection Market Outlook, By Fireproofing Cladding (2021-2030) ($MN)
- Table 73 South America Passive Fire Protection Market Outlook, By Intumescent Coatings (2021-2030) ($MN)
- Table 74 South America Passive Fire Protection Market Outlook, By Other Products (2021-2030) ($MN)
- Table 75 South America Passive Fire Protection Market Outlook, By Application (2021-2030) ($MN)
- Table 76 South America Passive Fire Protection Market Outlook, By Firestopping Material (2021-2030) ($MN)
- Table 77 South America Passive Fire Protection Market Outlook, By Compartmentation (2021-2030) ($MN)
- Table 78 South America Passive Fire Protection Market Outlook, By Opening Protection (2021-2030) ($MN)
- Table 79 South America Passive Fire Protection Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 80 South America Passive Fire Protection Market Outlook, By End User (2021-2030) ($MN)
- Table 81 South America Passive Fire Protection Market Outlook, By Industrial (2021-2030) ($MN)
- Table 82 South America Passive Fire Protection Market Outlook, By Construction (2021-2030) ($MN)
- Table 83 South America Passive Fire Protection Market Outlook, By Warehousing (2021-2030) ($MN)
- Table 84 South America Passive Fire Protection Market Outlook, By Oil and Gas (2021-2030) ($MN)
- Table 85 South America Passive Fire Protection Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 86 Middle East & Africa Passive Fire Protection Market Outlook, By Country (2021-2030) ($MN)
- Table 87 Middle East & Africa Passive Fire Protection Market Outlook, By Product (2021-2030) ($MN)
- Table 88 Middle East & Africa Passive Fire Protection Market Outlook, By Cementitious Materials (2021-2030) ($MN)
- Table 89 Middle East & Africa Passive Fire Protection Market Outlook, By Fireproofing Cladding (2021-2030) ($MN)
- Table 90 Middle East & Africa Passive Fire Protection Market Outlook, By Intumescent Coatings (2021-2030) ($MN)
- Table 91 Middle East & Africa Passive Fire Protection Market Outlook, By Other Products (2021-2030) ($MN)
- Table 92 Middle East & Africa Passive Fire Protection Market Outlook, By Application (2021-2030) ($MN)
- Table 93 Middle East & Africa Passive Fire Protection Market Outlook, By Firestopping Material (2021-2030) ($MN)
- Table 94 Middle East & Africa Passive Fire Protection Market Outlook, By Compartmentation (2021-2030) ($MN)
- Table 95 Middle East & Africa Passive Fire Protection Market Outlook, By Opening Protection (2021-2030) ($MN)
- Table 96 Middle East & Africa Passive Fire Protection Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 97 Middle East & Africa Passive Fire Protection Market Outlook, By End User (2021-2030) ($MN)
- Table 98 Middle East & Africa Passive Fire Protection Market Outlook, By Industrial (2021-2030) ($MN)
- Table 99 Middle East & Africa Passive Fire Protection Market Outlook, By Construction (2021-2030) ($MN)
- Table 100 Middle East & Africa Passive Fire Protection Market Outlook, By Warehousing (2021-2030) ($MN)
- Table 101 Middle East & Africa Passive Fire Protection Market Outlook, By Oil and Gas (2021-2030) ($MN)
- Table 102 Middle East & Africa Passive Fire Protection Market Outlook, By Other End Users (2021-2030) ($MN)
