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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.
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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.
Report Coverage | Details |
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Base Year: | 2020 |
Market Size in 2020: | USD 19,183.6 Million |
Forecast Period: | 2021 to 2027 |
Forecast Period 2021 to 2027 CAGR: | 4.5% |
2027 Value Projection: | USD 25,911.7 Million |
Historical Data for: | 2017 to 2020 |
No. of Pages: | 180 |
Tables, Charts & Figures: | 160 |
Segments covered: | Product, Application, End-User, Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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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
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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
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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
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