Passive Fire Proofing System Market Size By Product (Fire Resistant Walls & Floors, Fire Dampers, Fire Doors, Fire Stops, Fire Resistant Glasses, Structural Steel Protection), By Application (Structural Fire Protection, Compartmentation, Fire Stopping Materials, Opening Protection), By End-user (Residential, Commercial, Institutional), COVID-19 Impact Analysis, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 - 2027

Published Date: Oct 2021  |  Report ID: GMI5138  |  Authors: Kiran Pulidindi, Akshay Prakash

Report Format: PDF   |   Pages: 180   |   Base Year: 2020




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Passive Fire Proofing System Market size surpassed USD 19 billion in 2020 and is estimated to exhibit a CAGR of 4.5% from 2021 to 2027. The increasing number of infrastructure development projects in developed & developing countries coupled with the rising demand for structural fire protection is likely to drive the industry growth. Passive fireproofing systems are implemented in structural construction to mitigate the risk of fire. The system works by containing the fire from expanding and keeping the damages at the minimum level. Growing government spending on construction activities across the globe will propel market expansion.

 

Passive Fire Proofing System Market

Get more details on this report - Request Free Sample PDF
 

The construction industry has observed perennial growth in the past and is likely to expand further over the coming years, fueling the consumption of fire protection systems & materials. In 2019, the market value of the global construction industry showcased growth of above 2.6%, which was slightly lower than the previous year (3.2%). Furthermore, a forecast by the Global Construction Perspectives and the Oxford Economics predicted that the construction industry will reach a value of USD 15.5 trillion by 2030. A positive outlook of the construction sector and increasing investments in developing regions will substantially boost the demand for fire protection systems.
 

Fire resistance walls & floors dominated the overall sales

Passive fire proofing systems play a pivotal role along with active fire protection systems to ensure the safety of buildings and occupants. These products also help in containing smoke and different types of toxic gases, contributing significantly to fire-related deaths. Many product manufacturers are investing in research & development activities to develop new products with improved fire resistance properties.
 

The fire resistance walls and floors segment is poised to account for around USD 7 billion by 2027. Fire-rated panels that are used to fireproof walls & floors offer excellent protection in an event of a fire and can withstand temperatures of above 2,000°F. These panels deliver a high strength-to-weight ratio and aesthetics to complement the building’s architecture.
 

Opening protection application to offer potential opportunities in the market

  Passive Fire Protection Market, By Application

Get more details on this report - Request Free Sample PDF
 

Compartmentation application is set to capture more than 35% of the passive fire proofing system market share in 2027. In case of a fire hazard, compartmentation of the building plays a crucial role in fire containment. Fire resistant walls, floors, and ceilings are the major elements used in such measures. However, the opening protection segment is expected to be the fastest growing application area for passive fire proofing systems owing to the rising adoption of fire-containing measures such as fire doors and windows.
 

Commercial end-user dominated the market revenue

Passive fire protection systems sales for commercial end-users is projected to register growth rate of nearly 4.5% through 2027. The rising importance of fireproof structures and introduction of fire protection regulatory framework in developing countries will support the market demand. Growing construction activities in the commercial sector will pave the way for industry expansion. Moreover, the industrial segment will gain traction due to strict regulatory norms established by respective governments to minimize the cases of fire-related accidents.

 

North America to hold a significant market share

Passive Fire Proofing System Market, By Region

Get more details on this report - Request Free Sample PDF
 

North America dominates the global passive fire proofing system market revenue and is slated to generate about USD 9 billion by 2027. Fire protection measures within the construction sector are widely popular within this region. The U.S. government and associated regulatory bodies such as National Fire Protection Association (NFPA) established strict regulatory frameworks to minimize fire-related incidents in the construction sector. Additionally, favorable trends associated with commercial construction will spur the industry statistics.
 

European market is predicted to account for a significant share in the passive fire proofing system applications in residential & non-residential construction. Stringent building codes in the region are augmenting the demand, sometimes even mandating the usage of some fire-retardant elements, especially in commercial construction projects.

 

Asia Pacific is expected to showcase a promising future for the passive fire protection through 2027. Developments in the APAC construction industry will be a key factor, providing ample market growth opportunities. Rapid population growth, urbanization, economic developments, and rising income levels in the developing countries have led to the proliferation of the region’s construction industry.
 

The passive fire proofing system industry to be highly competitive

The top players in the passive fire proofing system market includes ASSA ABLOY AB, 3M Company, Saint-Gobain S.A., Asahi India Glass Limited, Rapp Bomek AS, Promat, and Halton Group. These companies have well-established production capacities coupled with strong relationships with suppliers, enhancing their competitiveness in the industry. The product manufacturers have also formed long-term agreements with their suppliers in order to ensure a consistent supply and avoid price fluctuations. Some of the key strategies adopted by top participants include production capacity expansion, strategic partnerships, mergers & acquisitions, and new product launches.
 

This market research report passive fire proofing system includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2027, for the following segments:

Market, By Product

  • Fire resistance walls & floors
  • Fire dampers
  • Fire doors
  • Fire stops
  • Fire resistance glasses
  • Structural steel protection
  • Others

Market, By Application

  • Structural fire protection
  • Compartmentalization
  • Fire stopping materials
  • Opening protection

Market, by End-user

  • Residential
  • Commercial
  • Institutional

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • UK
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Indonesia
    • Malaysia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • Saudi Arabia
    • UAE
  • South Africa
     

Frequently Asked Questions (FAQ) :

Passive fire proofing system market reached USD 19 billion in 2020 and is poised to observe 4.5% CAGR till 2027, says this GMI report.
Fire resistance walls and floors market could be worth USD 7 billion by 2027 owing to benefits such as high strength-weight ratio, aesthetics, and the ability to withstand temperatures of above 2,000 °F.
Passive fire proofing system industry from commercial sector to expand at 4.5% CAGR up to 2027.
North America market size to be worth USD 9 billion by 2027 due to strict fire safety regulations enforced by organizations such as the National Fire Protection Association (NFPA).

Premium Report Details

  • Published Date: Oct 2021
  • Pages: 180
  • Tables: 125
  • Charts / Figures: 35
  • Companies covered: 16
  • Countries covered: 18

Get a report that explains COVID-19 impact on this market

Buy NowImmediate delivery available

Need a Discount? Get in touch with us for special pricing

Request Discount

 Connect with our sales team

Chat with us
We use cookies to enhance user experience. (Privacy Policy) X