The global passive fire protection market size was valued at USD 3.65 billion in 2018 and is expected to register a CAGR of 5.1% over the forecast period. High demand for fire protection in steel, oil & gas, and construction sectors is expected to be a key driver for the market. Growing number of buildings equipped with fire safety along with stringent regulatory norms regarding the installation and use of passive fire protection measures is also expected to boost the market over the forecast period.
Moreover, widespread use of the materials in construction and manufacturing industries is estimated to drive the industry further. U.S. accounted for the largest share of the North America regional market on account of extensive usage of passive fire protection products in aerospace, construction, oil & gas, warehousing, and manufacturing industries in the country. Rising exploration activities in the oil & gas industry along with increasing shale gas production in U.S. is expected to propel the market growth further.
Furthermore, rapid growth of the construction sector coupled with large-scale infrastructure developments in emerging countries, such as India and Thailand, is expected to have a positive impact on the market. Growing demand for fire-safe and energy-efficient infrastructure is also projected to contribute to the market expansion over the forecast period. Fly ash and Ground Granulated Blast-furnace Slag (GGBS) are the key raw materials used in the production of cementitious materials, which offer cost-efficient and better fire protection solution.
Sodium silicate and graphite are used for manufacturing intumescent coatings, which are suitable for fireproofing exterior steel structures, as well as for PVC and uPVC pipes. Constant innovations in material technology for developing highly-efficient passive fire protection products are expected to impel the industry growth. In addition, rising product demand for better thermal and acoustical insulation along with decorative visual appearance is expected to open new growth avenues for the market.
Cementitious material was the largest product segment in 2018. Rising demand for these materials to increase fire safety of steel structures and prevent an asset loss in manufacturing facilities is expected to augment the segment growth over the forecast period. Intumescent coatings segment is expected to witness the highest CAGR of 5.9% over the projected period owing to premium-quality aesthetics offered by these coatings. They are widely used in passive fire protection for structural steel used in oil & gas platform applications and refining and petrochemical processing facilities on account of their ability to resist extreme weather conditions.
On the basis of raw materials and their characteristics, these coatings are categorized into epoxy-, solvent-, and water-based coatings. Solvent-based intumescent coatings are decorative-grade thin films manufactured from acrylic resin that are used to achieve an attractive surface finish. Fireproofing cladding materials include fire boards, curtains, seal bags, putty pads, foams, cable coatings, pipe collars, wraps. The segment accounted for a market share of 24.1% in 2018. Growing demand for different colors, patterns, and textures to improve the aesthetic and visual appearance of walls by sealing the openings and gaps is expected to propel the segment growth over the forecast period.
Construction industry accounted for the largest market share in 2018 and is projected to maintain the dominance even during the forecast years. This growth is attributed to the increasing number of residential and commercial construction projects along with rising consumer awareness regarding fire safety. In addition, stringent regulations about fire safety have mandated the product usage, which is likely to have a positive impact on market development. The global industrial sector is expected to witness a significant growth, in terms of product demand, on account of rising cases of fire accidents in the manufacturing, power, and steel industries. Stringent regulations in North America and Europe regarding industrial fire safety are further expected to drive the segment.
Oil & gas industry accounted for 24.8% of the global share in 2018 on account of the prevalence of high-risk environment owing to the presence of flammable and explosive compounds at the facilities. Passive fire protection systems have gained significant importance in the oil & gas industry as they help prevent structural damages. Rising demand for efficient inventory management is expected to propel the market growth in warehousing application sector. Growing concerns regarding the structural damage and inventory loss in warehouses in case of fire accidents is also expected to drive the product demand in this segment.
Asia Pacific accounted for the maximum market share of 35.5% in 2018 on account of high product demand from construction, industrial, and warehousing sectors of China and India. Rising need for fire-safe infrastructures including commercial and residential buildings in the region is expected to propel the demand further. Europe was the second-largest market in 2018 on account of stringent fire safety regulations in the region. Rising emphasis on improving the overall fire safety standard of the buildings is expected to augment the product demand in the construction industry, thereby driving the region’s growth.
North America also held a significant market share in the past due to major focus on improving the overall fire safety standard of industrial and construction applications. Oil & gas industry led the North America market owing to increased investments in the exploration & production activities across the region. U.S. accounted for the major share in North America market due to extensive product usage in various application industries in the country. High consumer disposable income coupled with growing demand for single-family housing in U.S. is expected to promote the utilization of passive fire protection in the construction sector, thereby driving the regional market.
The industry is characterized by the presence of a large number of local as well as global companies. Key companies are heavily investing in R&D and product differentiation to gain increased market share. Furthermore, these companies have increased their focus on integration across the value chain from raw material manufacturing to product distribution to gain a competitive advantage over small-scale firms. Some of the prominent companies in the market are Lloyd Insulations (India) Ltd., The 3M Company, Sharpfibre, Sherwin-Williams Company, and Nullifire.
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Attribute |
Details |
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Base year for estimation |
2018 |
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Actual estimates/Historical data |
2014 - 2017 |
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Forecast period |
2019 - 2025 |
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Market representation |
Revenue in USD Million and CAGR from 2019 to 2025 |
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Regional scope |
North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa |
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Country scope |
U.S., Canada, Mexico, France, Germany, Italy, Spain, U.K., Russia, China, India, Japan, South Korea, Thailand, Malaysia, Brazil, Argentina, Saudi Arabia, and United Arab Emirates |
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Report coverage |
Revenue forecast, competitive landscape, growth factors, and trends |
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15% free customization scope (equivalent to 5 analysts working days) |
If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization |
This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. 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, 2014 - 2025)
Cementitious Material
Intumescent Coating
Fireproofing Cladding
Others
Application Outlook (Revenue, USD Million, 2014 - 2025)
Oil & Gas
Construction
Industrial
Warehousing
Others
Regional Outlook (Revenue, USD Million, 2014 - 2025)
North America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
U.K.
Russia
Asia Pacific
China
India
Japan
South Korea
Thailand
Malaysia
Central & South America
Brazil
Argentina
Middle East & Africa
Saudi Arabia
United Arab Emirates
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