What Does the Historical and Current Passive Fire Protection Market Size Trend Indicate?
The passive fire protection market has seen considerable growth due to a variety of factors.
• In recent years, the passive fire protection market has seen substantial growth. The market size is projected to increase from $5.1 billion in 2024 to $5.48 billion in 2025, with a compound annual growth rate (CAGR) of 7.4%.
This growth during the historic period can be accredited to the emphasis on energy efficiency, the escalation in construction activities, heightened consciousness of fire safety, the proliferation of high-rise construction, and transparent supply chain visibility.
What is the Forecasted Growth of the Passive Fire Protection Market Size?
The passive fire protection market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipations show that the passive fire protection market is set to witness significant expansion in the forthcoming years, projecting to reach a size of $7.6 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 8.5%.
The strong market growth anticipated within the prediction period can be credited to ongoing stringent regulation enforcement, an upswing in construction schemes, heightening consciousness surrounding fire safety, advancements in material technology, and amplified urban expansion. Future trends for the anticipated span include increased knowledge and focus on post-fire investigations, global development and market enlargement, a push towards energy proficiency and sustainability, impact by the insurance industry, urban growth, and a surge in high-rise buildings.
What Key Factors and Trends are Driving the Growth of the Passive Fire Protection Market?
The burgeoning construction industry is fueling the expansion of the passive fire protection market. The construction industry encompasses the creation, management, and maintenance of built environment and endeavors like roadworks and related facilities. To ensure fire safety, non-combustible materials having low thermal conductivity are employed, which delay the fire's effect on the structures and control its spread. For instance, an Oxford report and the Global Construction Perspectives predict that the global construction industry could hit $8 trillion by 2030. Hence, as the construction sector continues to grow, it is anticipated to boost the passive fire protection market's growth in the future.
What Is The Segmentation Of The Global Passive Fire Protection Market?
The passive fire protection market covered in this report is segmented –
1) By Product: Cementitious Materials, Intumescent Coating, Fireproofing Cladding, Other Products
2) By Application: Structural, Compartmentation, Opening Protection, Firestopping Material
3) By End-User: Oil And Gas, Construction, Industrial, Warehousing, Other End-Users
Subsegments:
1) By Cementitious Materials: Lightweight Cementitious Coatings, Dense Cementitious Coatings, Gypsum-Based Fireproofing
2) By Intumescent Coating: Thin-Film Intumescent Coatings, Thick-Film Intumescent Coatings
3) By Fireproofing Cladding: Fire-Resistant Boards, Fireproof Panels, Insulated Wall Claddings
4) By Other Products: Fire Dampers, Fire-resistant Sealants, Fireproof Doors
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What Emerging Trends Are Shaping The Passive Fire Protection Market?
Lead players in the passive fire protection market are creatively coming up with products like passive fire protection (PFP) coatings to cater to a broader customer base and escalate sales and revenue figures. PFP coatings constitute a special class of coatings or treatments that get applied to surfaces or materials in buildings or industrial premises to boost their capacity to withstand fires. For instance, in June 2022, Hempel A/S, a coating manufacturer based out of Denmark, introduced the Hempafire XTR 100. Being lightweight and having a thin dry film, the product, having received the UL 1709 certification, provides a remarkable hydrocarbon passive fire protection. This brings significant safety and project efficiencies to clients. As an epoxy intumescent coating, Hempafire XTR 100 effectively provides insulation to steel structures during a hydrocarbon pool fire, enhancing the steel's load-bearing ability for a period of up to four hours. This increase in fire resistance provides a longer window for safely evacuating personnel and protecting valuable assets and equipment, thereby aiding firefighting operations. Particularly designed for the oil and gas industry, including its use in downstream refining and petrochemical facilities, Hempafire XTR 100 emerges as a custom solution for superior performance in challenging scenarios.
Who Are the Key Players in the Passive Fire Protection Market?
Major companies operating in the passive fire protection market include:
• Tata Projects Limited
• BASF SE
• 3M Company
• Larsen & Toubro Limited
• PPG Industries Inc.
• Akzo Nobel N.V.
• Sika AG
• RPM International Inc.
• StanChem Inc.
• Etex Building Performance Ltd.
• Jotun AS
• Tremco Incorporated
• Mercor SA
• Lloyd Insulations Limited
• Specified Technologies Inc.
• Safety Technology International Inc.
• Envirograf Products Limited
• Daussan SAS
• No-Burn Inc.
• Master Fire Prevention Systems Inc.
• Floyd Bell Inc.
• Contego International Inc.
• Acoustical Surfaces Pvt Ltd.
What are the Regional Insights into the Passive Fire Protection Market?
North America was the largest region in the passive fire protection market in 2024. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the passive fire protection market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
