According to the latest report by IMARC Group, titled "Passive Fire Protection Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028," the global passive fire protection market reached a value of US$ 4.2 Billion in 2022. Passive fire protection refers to measures and techniques designed to prevent the spread of fire and limit its impact on buildings and structures. Unlike active fire protection systems, such as fire alarms and sprinkler systems, which require human intervention or external mechanisms, passive fire protection focuses on inherent fire-resistant features and materials integrated into the building's design. It provides a vital line of defense, buying time for evacuation and aiding firefighters to control and extinguish fires. It encompasses various elements, including fire-resistant walls, floors, and ceilings; fire doors and shutters; fireproof coatings and insulation; fire-resistant glazing; and fire dampers for ventilation systems. These components are carefully engineered and installed to withstand the intense heat and flames generated during a fire, maintaining their integrity and preventing the fire from spreading to other areas. It is always active, providing continuous protection without relying on human action or detection systems. This reduces the need for frequent replacements or repairs, making them a more economical choice over the building's lifetime.
Global Passive Fire Protection Market Trends:
The global market is majorly driven by the increasing importance of fire safety. In line with this, the rising need for effective preventive measures is significantly contributing to the market growth. Furthermore, various governments and regulatory bodies worldwide have implemented strict building safety codes and regulations to ensure fire safety. Compliance with these regulations often requires the installation of passive fire protection measures. As these regulations evolve and become more stringent, the demand for passive fire protection products and solutions accelerates. Apart from this, the growing awareness about the consequences of fire incidents is positively influencing the market. Moreover, the global construction industry is experiencing rapid growth, with the augmenting demand for new buildings, infrastructure projects, and renovations in various sectors. As a result, there is an escalating demand for passive fire protection products and solutions during the construction and refurbishment of buildings. Builders and developers are incorporating these measures to comply with regulations and safeguard their structures. Besides, the increasing focus on life and asset protection is catalyzing product demand worldwide. Additionally, the advancements in fire-resistant materials, coatings, and systems have expanded the range of passive fire protection solutions available. These innovations offer enhanced fire resistance, improved durability, and easier installation, making passive fire protection more accessible and effective. The development of new technologies has contributed to the growth of the market and opened up lucrative opportunities for manufacturers and suppliers. Looking forward, the market is anticipated to reach a value of US$ 5.5 Billion by 2028, exhibiting a CAGR of 3.9% during 2023-2028.
- On the basis of the product, the market has been categorized into cementitious materials, intumescent coatings, fireproofing cladding, and others.
- Based on the application, the market has been classified into structural, compartmentation, opening protection, and firestopping material.
- Based on the end user, the market has been divided into oil and gas, construction, industrial, warehousing, and others.
- Region-wise, the market has been segmented into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and Others), Europe (Germany, France, United Kingdom, Italy, Spain, Russia, and Others), Latin America (Brazil, Mexico, and Others), and Middle East and Africa.
- The competitive landscape of the market has also been examined, with some 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.
|Base Year of the Analysis
||Product, Application, End User, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||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.
||10% Free Customization
|Report Price and Purchase Option
||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support
||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
134 N 4th St.
Brooklyn, NY 11249, USA
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800