Passive Fire Protection Market Size, Share & Trends Analysis Report By Product (Intumescent Coatings, Cementitious Materials), By Application (Construction), By Region, And Segment Forecasts, 2023 - 2030

Passive Fire Protection Market Size & Trends

The global passive fire protection market size was valued at USD 4.13 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2030. 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.

The rapid growth of the construction sector in developing economies and large-scale infrastructure developments in countries including China, India and Indonesia are expected to facilitate favorable market scenario for passive fire protection over the forecast period. 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 market growth. In addition, the product’s ability to aid acoustic insulation is expected to propel the market growth over the forecast period.

Product Insights

Cementitious materials led the market and accounted for 42.0% share of the global revenue in 2022. 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 5.9% from 2023 to 2030 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.

Application Insights

The construction application segment led the market and accounted for 34.4% share of the global revenue in 2022. 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 4.9% from 2023 to 2030 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.

Regional Insights

Asia Pacific accounted for the highest market share of 38.0% in terms of revenue in 2022. Rising industrialization, coupled with the growing use of steel structure in the fabrication of plants, is expected to drive the market growth for passive fire protection in the region. Growing urbanization in the region, especially in China, India, and the Philippines, is expected to propel population growth in these cities, thereby contributing to the congestion in the economies, which, in turn, is expected to increase the demand for utilities. This is expected to increase the housing demand in the region, thereby augmenting the growth of passive fire protection products in the region.

China was the major manufacturer of passive fire protection products globally in 2021. Abundant raw material availability and low production costs are expected to drive the passive fire protection market growth in China. The rising population in the region, coupled with growing urbanization, has led to infrastructure development in the country. Factors, such as tightening regulatory norms and the growing concerns regarding fire safety, have propelled the construction of fire-safe energy-efficient green buildings in China.

Implementation of stringent fire safety regulations in Europe is expected to augment the use of passive fire protection products in construction activities. Rising emphasis on improving the overall fire safety standard of buildings is expected to propel the demand for passive fire protection systems in the region over the forecast period. Significant investments by aerospace and automotive companies for improving fire safety standards of vehicles and aircraft is expected to drive the demand for passive fire protection products in the region over the forecast period.

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 construction industry, thereby driving the demand for passive fire protection products in residential, commercial, and industrial buildings in the country.

Key Companies & Market Share Insights

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 global 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

Passive Fire Protection Market Report Scope

Global Passive Fire Protection Market Report Segmentation

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2018 to 2030. 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; 2018 - 2030)

  • Cementitious Materials

  • Intumescent Coating

  • Fireproofing Cladding

  • Others

• Application Outlook (Revenue, USD Million; 2018 - 2030)

  • Oil & Gas

  • Construction

  • Industrial

  • Warehousing

  • Others

• Regional Outlook (Revenue, USD Million; 2018 - 2030)

  • 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

    • UAE