• Blog
  • Passive Fire Protection Materials Market Forecast | 2022-28

    Passive Fire Protection Materials Market Forecast | 2022-28

    Passive Fire Protection Materials Market Forecast | 2022-28
    Report code - SRCG188 Delivery - 2 Weeks
    Passive Fire Protection Materials Market Size, Share, Trend, Forecast, & Industry Anal See more...

    Market Insights

    The passive fire protection materials market is likely to grow from USD 6.46 Billion in 2021 to reach USD 10.17 billion by 2028 at a healthy CAGR of 6.6% during the forecast period.

    To know more about the market growth, 

    What is Passive fire protection material?

    Passive fire protection materials are the materials built into the structures that surround us and are intended to slow or prevent the spread of fire. The purpose of PFP is to extend the time available to evacuate a property or prevent a fire from taking hold in the first place.

    Passive Fire Protection Material Market Report Overview

    Market Size in 2028

    USD 10.17 billion

    Market Size in 2021

    USD 6.46 billion

    Market Growth (2022-2028)

    CAGR of 6.6%

    Base Year of Study

    2021

    Trend Period

    2016-2019

    Forecast Period

    2022-2028

    Segments Covered

    By Product Type (Sealants, Intumescent Materials, Foams & Boards, and Others),

    By Application Type (Structural, Compartmentation, Opening Protection, Firestopping Materials, and Others),

    By End-Use Industry Type (Building & Construction, Oil & Gas, Transportation, and Others), and

    By Region (North America, Europe, Asia-Pacific, and Rest of the World)

    Dominant Region

    Asia-Pacific is estimated to be the largest-passive market during 2022-28.

     

    Drivers

    The prime factors contributing to the demand for passive fire protection materials are:

    • Growing the automotive and aerospace industries.
    • Increasing safety standards.
    • Growing construction activities due to rapid growth in population.
    • The product demand is estimated to increase because of the quick adoption of improved fireproof materials across industries and favorable government policies.

    To get detailed information about market trends, .

    Key Players

    Some of the major passive fire protection material manufacturers are-

    • Rudolf Hensel GmbH
    • Jotun
    • The 3M Company
    • Hempel
    • Lloyd Insulations Ltd.
    • Nullifire
    • Sherwin-Williams
    • Teknos Group
    • Kansai Paint
    • Promat International

    Segment Analysis

    By Product Type

    The passive fire protection materials market is segmented as sealants, intumescent materials, foams & boards, and others.  Intumescent coatings are projected to remain the largest segment with a CAGR of more than 7.2% during the forecast period. Driven by its increasing applications in construction, automotive, and oil & gas industries.

    By End-Use Industry Type

    The market is segmented as building & construction, oil & gas, transportation, and others. Building & construction industry is expected to occupy the largest share of the market over the forecast period. Growing safety concerns have resulted into increasing use of passive fire protection in building & construction activities. Increasing demand for construction activities further contribute to the growth of passive fire protection material in the building & construction industry.

    By Region

    Asia-Pacific is estimated to be the largest-passive fire protection materials market during the forecast period. Increasing population and improving macroeconomic factors in the emerging economies such as India, Indonesia, and other countries have resulted into increasing construction activities. Increasing construction activities generate huge demand for passive fire protection materials in the region.

    To know which region offers the best growth opportunities,

     

    Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market. 

    The market is segmented into the following categories. 

     By Product Type:

    • Sealants 
    • Intumescent Materials 
    • Foams & Boards 
    • Others 

    By Application Type:

    • Structural 
    • Compartmentation 
    • Opening Protection 
    • Firestopping Material 

    By End-Use Industry Type:

    • Building & Construction 
    • Oil & Gas 
    • Transportation 
    • Others 

    By Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players as well as those willing to enter the market.

    Report – Features

    Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    24

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The following are the key features of the report:

    • Overview, industry life cycle, and supply chain analysis
    • Report environment analysis: Growth drivers and constraints, Porter’s five forces, and SWOT analysis
    • Trend and forecast analysis.
    • Segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors.

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the product types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Passive fire protection materials are the materials built into the structures that surround us and are intended to slow or prevent the spread of fire. The purpose of PFP is to extend the time available to evacuate a property or prevent a fire from taking hold in the first place.

    Rudolf Hensel GmbH, Jotun, The 3M Company, Hempel, Lloyd Insulations Ltd., Nullifire, Sherwin-Williams, Teknos Group, Kansai Paint, and Promat International are among the key players in the market.

    Asia-pacific is expected to be the Largest market during the next five years.

    The intumescent materials segment is expected to register the highest growth rate in the market.

    Growing the automotive and aerospace industries. Increasing safety standards. Growing construction activities due to rapid growth in population. The product demand is estimated to increase because of the quick adoption of improved fireproof materials across industries and favorable government policies.

    The passive fire protection materials market is likely to grow at a healthy CAGR of 6.6% during the forecast period.

    The passive fire protection materials market is likely to grow from USD 6.46 Billion in 2021 to reach USD 10.17 billion by 2028.

    The study period of this market report is 2016-28.