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The passive fire protection materials market size is forecast to increase by USD 1.24 billion and is estimated to grow at a CAGR of 5.79% between 2023 and 2028. The market is witnessing significant growth due to the increasing number of new product launches by market players. These new products are designed to offer superior fire resistance and are gaining popularity in various end-use industries, including construction, oil and gas, and transportation. Another trend in the market is the development of more effective synergist compounds, which enhance the fire-retardant properties of passive fire protection materials. However, the market faces competition from active fire protection systems, which can provide faster fire suppression. Despite this, the demand for passive fire protection materials remains strong due to their cost-effectiveness and ability to provide long-term fire protection. Overall, the market is expected to grow at a steady pace in the coming years, driven by increasing demand from various end-use industries and the continuous development of advanced fire protection materials.
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The Market refers to the industry that produces and supplies fireproof materials used to contain and limit the spread of fire in various structures. These materials are essential in protecting Mines, Offices, Retail shops, Healthcare facilities, Educational facilities, Religious centers, Public safety centers, Amusement centers, Recreation centers, Residential buildings, and Construction activities from fire damage. The market for passive fire protection materials is driven by the increasing population and the resulting growth in construction activities worldwide. The market comprises various types of fireproof materials such as Fireproof materials, Sealants, Intumescent materials, and Foams and boards. Intumescent materials expand when exposed to high temperatures, forming a protective char layer that insulates the underlying structure from fire. Sealants prevent the spread of fire by sealing gaps and joints in structures. Foams and boards provide insulation and protect against fire by releasing non-toxic gases when exposed to heat. The demand for passive fire protection materials is increasing due to stringent fire safety regulations and the need to ensure the safety of people and property. The market is expected to grow at a steady pace in the coming years, driven by the increasing construction activities and the need to ensure fire safety in various structures. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing new product launches by market players is notably driving market growth. Passive fire protection materials play a crucial role in safeguarding various structures from the destructive effects of fire. These materials are extensively used in mines, offices, retail shops, healthcare facilities, educational facilities, religious centers, public safety centers, amusement centers, recreation centers, residential buildings, commercial buildings, industrial buildings, and other constructions.
Moreover, intumescent coatings and fire-resistant coatings made of intumescent materials are commonly used for fire safety in steel structures and cementitious materials. Acoustic insulation, sealants, foams, and boards are also essential passive fire protection materials. Compliance with stringent fire safety regulations is mandatory in the construction application of fireproof materials. Key players in the market include Carboline, offering a comprehensive range of fire-resistant coatings. Thus, such factors are driving the growth of the market during the forecast period.
Development of more effective synergist compounds is the key trend in the market. Passive fire protection materials play a crucial role in safeguarding various structures from the destructive effects of fire. These materials include intumescent coatings, cementitious materials, fire-resistant coatings, intumescent materials, sealants, foams, and boards.
Moreover, intumescent coatings, in particular, are widely used in mines, offices, retail shops, healthcare facilities, educational facilities, religious centers, public safety centers, amusement centers, recreation centers, residential buildings, commercial buildings, industrial buildings, and other structures. Compliance with fire safety regulations is essential for construction applications in multi-family housing, single-family housing, onshore production facilities, airports, hospitals, and other construction activities. Thus, such trends will shape the growth of the market during the forecast period.
Competition from active fire protection systems is the major challenge that affects the growth of the market. Passive fire protection materials play a crucial role in safeguarding various structures from the destructive effects of fire. These materials are extensively used in mines, offices, retail shops, healthcare facilities, educational facilities, religious centers, public safety centers, amusement centers, recreation centers, residential buildings, commercial buildings, industrial buildings, and other constructions.
Moreover, intumescent coatings and fire-resistant coatings made of intumescent materials are popular choices for fire safety in steel structures. Cementitious materials and sealants are also widely used for fireproofing in residential and commercial structures, including multi-family housing and single-family housing. Hence, the above factors will impede the growth of the market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
3M Co: The company offers passive fire protection materials such as 3M Fire Protection- Wraps and Mats, Firestop Devices and Wrap Strips, Firestop Sealants, Foams, Putties and Mortars.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The cementitious materials segment is estimated to witness significant growth during the forecast period. Passive fire protection materials play a crucial role in safeguarding various structures from fire damage. These materials include intumescent coatings, cementitious materials, fire-resistant coatings, intumescent materials, sealants, foams, and boards.
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The cementitious materials segment was the largest segment and valued at USD 1.27 billion in 2018. The market for these materials spans across mines, offices, retail shops, healthcare facilities, educational facilities, religious centers, public safety centers, amusement centers, recreation centers, residential buildings, commercial buildings, industrial buildings, and construction activities. Intumescent coatings, in particular, are widely used due to their ability to expand when exposed to heat, forming a protective char that insulates the underlying structure. Hence, such factors are fuelling the growth of this segment during the forecast period.
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North America is estimated to contribute 33% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Passive fire protection materials play a crucial role in safeguarding various structures from the devastating effects of fire. These materials include intumescent coatings and cementitious materials, which are widely used in mines, offices, retail shops, healthcare facilities, educational facilities, religious centers, public safety centers, amusement centers, recreation centers, residential buildings, commercial buildings, industrial buildings, and other structures. Hence, such factors are driving the market in North America during the forecast period.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion " for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
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The Market encompasses a range of materials used to contain and limit the spread of fire in buildings and structures. These materials include Intumescent coatings, Cementitious materials, Fire-resistant coatings, Intumescent materials, Sealants, Foams and boards, and Acoustic insulation. The market spans various sectors such as Mines, Offices, Retail shops, Healthcare facilities, Educational facilities, Religious centers, Public safety centers, Amusement centers, Recreation centers, Residential buildings, Commercial buildings, Industrial buildings, Fire safety, Onshore production, Airports, Hospitals, Construction activities, and Population. Compliance requirements play a significant role in the Market. Fireproof materials, including Steel structures, are essential for ensuring safety in Residential structures, Multi-family housing, Single-family housing, and various types of Commercial and Industrial buildings. Companies like Carboline provide Fire-resistant coatings and Intumescent materials to meet these requirements. Construction application areas include Onshore production sites, Airports, Hospitals, and Construction activities. The growing population necessitates the need for advanced fire safety solutions, further fueling market growth.
Market Scope |
|
Report Coverage |
Details |
Page number |
216 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.79% |
Market growth 2024-2028 |
USD 1.24 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.14 |
Regional analysis |
North America, APAC, Europe, Middle East and Africa, and South America |
Performing market contribution |
North America at 33% |
Key countries |
US, China, Germany, Canada, India, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
3M Co., Akzo Nobel NV, Apollo Paints Pvt. Ltd., BASF SE, Contego International Inc., CSW Industrials Inc., Etex NV, Fosroc International Ltd., Hempel AS, Hilti Corp., Huntsman Corp., Isolatek International, PPG Industries Inc., ROCKWOOL International AS, RPM International Inc., Rudolf Hensel GmbH, Sharpfibre Ltd., Sika AG, SVT Group of Companies, Tecresa Proteccion Pasiva S.L., The Sherwin Williams Co., and Tremco CPG Inc. |
Market dynamics |
Parent market analysis, market report , market forecast , Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Additional Value/Volume Data
7 Five Forces Analysis
8 Market Segmentation by Product Type
9 Market Segmentation by Application
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
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