Global Passive Fire Protection Market Report 2022 – Market Forecast, Trends And Strategies

18 Jan, 2022

The global passive fire protection market size is expected to grow from $3.99 billion in 2021 to $4.42 billion in 2022 at a compound annual growth rate (CAGR) of 10.9%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $5.73 billion in 2026 at a CAGR of 6.7%.

What is the Global Passive Fire Protection Market?

The passive fire protection market consists of sales of passive fire protection products by entities (organizations, sole traders, and partnerships) that are integrated into the building structure for stability, as well as into the walls and floors to divide the building into manageable risk compartments. Passive fire prevention is a part of any fire safety system that prevents a fire from spreading by protecting firefighters and allowing inhabitants to flee.

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What drives the Global Passive Fire Protection Market?

The growing construction sector is driving the growth of the passive fire protection market. Construction is a sector that deals with the building, maintenance, and repair of structures and buildings, as well as the construction of roadways and service facilities. Fireproof materials are used in the construction sector for fire safety in the building as they are non-combustible with low thermal conductivity and take a long time for the fire to affect the structures, and also protects the spread of fire.

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Global Passive Fire Protection Market Segments
The global passive fire protection market is segmented:
By Product: Cementitious Materials, Intumescent Coating, Fireproofing Cladding, Others
By Application: Structural, Compartmentation, Opening Protection, Firestopping Material
By End-User: Oil And Gas, Construction, Industrial, Warehousing, Others
By Geography: The regions covered in the passive fire protection market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global passive fire protection market.

Passive Fire Protection Global Market Report 2022provides market size and growth forecasts for the global passive fire protection market, global passive fire protection market share, passive fire protection market segments and geographies, passive fire protection market competitive landscape including leading competitors’ revenues, profiles and market shares. The passive fire protection market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Passive Fire Protection Industry Playersinclude 3M, PPG Industries Inc., Sherwin-Williams, Rotarex Firetec, Specified Technologies Inc., Contego International Inc., Mercor Tecresa, Lloyd Insulations (India) Limited, Hempel A/S, Rudolf Hensel GmbH, Hilti, Akzo Nobel N.V., No-Burn Inc., Promat, Isolatek International, Envirograf, RPM International Inc., and Albi Protective Coatings. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.