The global passive fire protection market size was valued at USD 3.83 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4.7% from 2020 to 2027. Increasing investments in the exploration and production activities by oil and gas companies, coupled with technological advancements in the sector, are expected to fuel the market growth over the forecast period. The passive fire protection systems facilitate the protection of steel structures against fire by providing high strength and durability to the structure. The safety of any passive fire protection system is dependent on the type of fire, duration, substrate type and material, and environmental conditions. The penetration of passive fire protection products in the U.S. is high owing to the stringent regulatory scenario and growing awareness regarding fire safety among the end-users.
An increasing number of large-scale infrastructure investment projects, including hotels and hospitals, in New York, Missouri, and Los Angeles, is expected to boost the growth of the construction industry, thereby driving the demand for passive fire protection products. Rising consumer awareness regarding fire safety and growing demand for the fire-safe building have augmented the investments in terms of installation of a passive fire protection system in the construction sector. The majority of the economies are emphasizing improving the passive fire safety aspects of existing and upcoming infrastructure owing to rising fire accidents and loss of life and asset.
Governments of both developed and developing regions are working in collaboration with law enforcement agencies, including the EAPFP, NFPA, and USFA, to ensure industries comply with fire safety norms and regulations. The rapid growth of the construction sector in developing economies and large-scale infrastructure developments in India and Indonesia are expected to facilitate a favorable scenario for the market over the forecast period.
The global passive fire protection market is expected to witness substantial growth over the forecast period owing to the widespread use of these materials in the construction and manufacturing industries. Rising demand for fire protection in the steel, oil & gas, and construction sectors is expected to be a key factor for market growth.
Cementitious materials led the market and accounted for 41.9% share of the global revenue in 2019. The growing use of cementitious materials to increase the fire safety of steel structures and prevent damages in manufacturing facilities is expected to be a key factor contributing to the segment growth. In addition, the ability of the product to aid acoustic insulation is expected to propel the segment growth over the forecast period.
The increasing adoption of thin-film intumescent coatings owing to their anti-corrosive nature and superior weather resistance is expected to fuel the growth over the forecast period. Water-based coatings are widely used in the construction industry owing to their environment-friendly and low VOC content characteristics.
Intumescent coatings are likely to expand at the fastest CAGR of 5.2% from 2020 to 2027 owing to their properties, including durability and aesthetic appeal, making them suitable for application in warehousing and construction. Rising oil and gas explorations and upcoming shale gas explorations globally are expected to further fuel the demand for hydrocarbon intumescent coatings over the forecast period.
Fireproofing cladding includes passive fire safety products, such as fire boards, fire curtains, seal bags, putty pads, pipe collars, pipe wraps, foams, and cable coatings. These materials are used to restore the fire rating of the buildings by sealing the openings and gaps arising out of the various wall and floor penetrations, such as cable and pipes.
The construction application segment led the market and accounted for 33.9% share of the global revenue in 2019. Increasing demand to build megacities on account of the rapid shift of consumers in the emerging economies, including China, India, Africa, and Brazil, is expected to boost the growth of the construction industry over the forecast period, thereby positively impacting the segment growth.
Increasing utilization of gas in the energy mix and growing investments in shelf deep-water technology are expected to drive the growth of the oil and gas industry. Rising demand for intumescent coatings in the oil and gas industry owing to increasing investments by oil & gas companies in the exploration and production activities is expected to drive the market growth over the forecast period.
The warehousing application segment is estimated to expand at a CAGR of 4.2% from 2020 to 2027 on account of the rising adoption of steel in structure fabrication and growing concerns to prevent structural damage and inventory loss. Growing merger & acquisition activities among the firms to increase customer base and expand their portfolios are expected to boost the segment growth.
Varying demand for commercial transportation leads to an increase in cost, thus impacting the efficiency and productivity of any firm. This, in turn, has resulted in an increased demand for outsourcing of warehouse services and efficient inventory management, thus leading to the construction of warehouses for the storage of inventory.
Asia Pacific dominated the market and accounted for 35.7% share of the global revenue in 2019 owing to rising demand for the product from industries, including construction, industrial, and warehousing, particularly in China and India. Increasing demand for fire-safe infrastructure, including commercial and residential buildings, coupled with growing awareness among consumers, is expected to propel the demand for passive fire protection over the forecast period.
North America held a significant share in the market in 2019 on account of rising demand for multifamily housing projects and growing consumer awareness regarding fire safety. The rising spending capability of consumers and the increasing emphasis of the government and regulatory bodies to improve the overall fire safety standard of the buildings in the region are expected to drive the demand for passive fire protection.
Rising awareness about fire safety and an increasing number of policies by the U.K. government, including the HSE business plan, are anticipated to drive the demand for passive fire protection. Furthermore, increasing standardization and inspection in industrial facilities, along with severe actions taken by the government against failure to comply with the standards, are expected to complement market growth.
Saudi Arabia is estimated to expand at a CAGR of 4.8% from 2020 to 2027 owing to rising investments in transportation infrastructure and increased spending by the government on improving the ports. Continued exploration activities in Saudi Arabia to secure its global market share are expected to drive the demand for passive fire protection products over the forecast period.
The market has been characterized by the presence of a wide array of large-scale and small scale manufacturers, thereby resulting in a significant level of concentration. The competition in the market is intense and characterized by the demand for advanced and reliable fire protection systems. Strategies adopted by the companies in the market usually include product portfolio expansions, product development, and distribution network expansion. For instance, 3M markets its products through numerous distribution channels, including offering its products directly to users and through wholesalers, retailers, distributors, and dealers in various trades. Some of the prominent players in the passive fire protection market include:
3M
PPG Industries, Inc.
Etex
The Sherwin-Williams Company
Rotarex
Specified Technologies, Inc.
Marioff Corporation
Consilium AB Publ.
Contego International, Inc.
Tecresa Protection Passive
Report Attribute |
Details |
Market size value in 2020 |
USD 3.98 billion |
Revenue forecast in 2027 |
USD 5.51 billion |
Growth Rate |
CAGR of 4.7% from 2020 to 2027 |
Base year for estimation |
2019 |
Historical data |
2016 - 2018 |
Forecast period |
2020 - 2027 |
Quantitative units |
Revenue in USD million and CAGR from 2020 to 2027 |
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments covered |
Product, application, region |
Regional scope |
North America; Europe; Asia Pacific; Central & South America; Middle East & Africa |
Country scope |
The U.S.; Canada; Mexico; France; Germany; Italy; Russia; Spain; The U.K.; China; India; Japan; South Korea; Thailand; Malaysia; Argentina; Brazil; Saudi Arabia; UAE |
Key companies profiled |
3M; PPG Industries, Inc.; Etex; The Sherwin-Williams Company; Rotarex; Specified Technologies, Inc.; Marioff Corporation; Consilium AB Publ.; Contego International, Inc.; Tecresa Protection Passive |
Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the global passive fire protection market report on the basis of product, application, and region:
Product Outlook (Revenue, USD Million, 2016 - 2027)
Cementitious Materials
Intumescent Coatings
Fireproofing Cladding
Others
Application Outlook (Revenue, USD Million, 2016 - 2027)
Oil & Gas
Construction
Industrial
Warehousing
Others
Regional Outlook (Revenue, USD Million, 2016 - 2027)
North America
The U.S.
Canada
Mexico
Europe
France
Germany
Italy
Russia
Spain
The U.K.
Asia Pacific
China
India
Japan
South Korea
Thailand
Malaysia
Central & South America
Argentina
Brazil
Middle East & Africa
Saudi Arabia
United Arab Emirates
b. The global passive fire protection market size was estimated at USD 3.83 billion in 2019 and is expected to reach USD 3.98 billion in 2020.
b. The passive fire protection market is expected to grow at a compound annual growth rate of 4.7% from 2020 to 2027 to reach USD 5.51 billion by 2027.
b. Cementitious materials dominated the passive fire protection market with a share of 41.9% in 2019, owing to their properties, including durability and aesthetic appeal, making them suitable for application in warehousing and construction.
b. Some of the key players operating in the passive fire protection market include 3M; PPG Industries, Inc.; Etex; The Sherwin-Williams Company; Rotarex; Specified Technologies, Inc.; Marioff Corporation; Consilium AB Publ.; Contego International, Inc.; Tecresa Protection Passive.
b. Key factors that are driving the passive fire protection market include increase exploration activities in the oil & gas industry, rapid urbanization, the boom in the construction sector, increasing consumer awareness, and stringent fire safety regulations.
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The mining industry accounts for a vital share of the global economy and is responsible for supplying key raw materials for several applications and end-use industries, thus being a key sector of focus amidst the ongoing pandemic outbreak. Mining industries in China are expected to return to normal operations by Q3 of 2020 as enterprises indicated towards the returning of their workers soon. Moreover, Iron ore producers are known to be the least impacted. Major players such as BHP and Vale reported experiencing no major influence on their operations due to the COVID-19 virus. The iron ore prices reached above USD 90 per ton amidst the pandemic situation which may negatively impact the end-use industries. The report will account for Covid19 as a key market contributor.