Passive Fire Protection Materials Market Size By Product (Sealants, Intumescent Materials, Foams & Boards), By Application (Structural, Compartmentation, Opening Protection, Firestopping Materials), By Industry (Building & Construction, Oil & Gas, Transportation), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2019-2026

Published Date: Feb 2020  |  Report ID: GMI2305  |  Authors: Kiran Pulidindi, Hemant Pandey

Report Format: PDF   |   Pages: 304   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Passive Fire Protection Materials Market size was USD 16.7 billion in 2018 and will witness 8.2% CAGR during the forecast span. Stringent fire safety regulations along with escalating building & construction sector will boost industry growth by 2026.
 

Passive Fire Protection Materials Market Statistics

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Passive fire protection materials encompass a wide range of products and practices. In simple terms, these materials stop, prevent, and slow down the fire spread. Unlike to active fire protection system, these materials do not require some amount of action or motion to work efficiently.
 

These materials can be embedded within the existing materials, buildings and structure. Additionally, they have very low maintenance cost compared to active fire protection systems and materials.
 

Countries across the world have suitably changed regulations in favor of these materials on account of their benefits at low cost. For instance, in United Kingdom, building owners, designers, occupiers and managers are required to carry out regular fire risk assessments along with evaluation of materials provided.
 

The expanding building & construction sector in the countries of Asia Pacific and Latin America, will significantly increase the demand for passive fire protection materials over the forecast period. Rapid economic growth and increasing population in Asia Pacific shall rise the drive the passive fire protection materials market growth in coming years.
 

Additionally, increasing social infrastructure investment and high demand of residential & commercial buildings in growing economies shall have positive impact on overall industry growth.
 

Most of the megacities and metros around the world are constructing high rise buildings to tackle the shortage of land or space. As cities are growing vertically, there is more need for fireproof materials in the buildings and structures.
 

Governments and regulatory bodies are tightening the regulations regarding fire safety thus, giving the added advantage to passive fire protection materials market. For example, Ministry of Public Security, China, strengthened the fire safety for high-rise buildings and issued a draft regarding the same in 2018. The industry is also benefiting from rising awareness of fireproof materials in building and construction.
 

Growing importance of fireproof materials along with rising number of regulations regarding fire safety shall primarily drive the passive fire protection materials market trends over the forecast timeframe. For instance, in October 2018, United Kingdom announced ban on combustible materials from the facades of all new high-rise buildings.
 

Fluctuating raw material prices and global economy slowdown can pose a threat to overall market in coming years. However, significant rise in building & construction activity and stringent laws and regulations regarding fire safety will generate numerous opportunities for global passive fire protection materials market players.
 

Passive Fire Protection Materials Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: USD 16.7 Billion
Historical Data for: 2016 to 2018 Forecast Period: 2019 to 2026
Forecast Period 2019 to 2026 CAGR: 8.2% 2026 Value Projection: USD 31.6 Billion
Pages: 304 Tables, Charts & Figures: 390
Geographies covered (18): U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Malaysia, Indonesia, Brazil, Mexico, South Africa, UAE, Saudi Arabia
Segments covered: Product, Application, Industry, Region
Companies covered (16): Lloyd Insulations (India) Ltd., Nullifire, Sharpfibre, 3M, Hempel, Sherwin-Williams, Rudolf Hensel GmbH, HILTI, Teknos Group, Carboline, AkzoNobel, PPG Industries, KANSAI PAINT, Jotun, Promat International, Saint-Gobain
Growth Drivers:
  • Strong growth in automotive & aerospace industry
  • Rising fire safety standards due to stringent regulations
  • Rapidly growing building & construction industry in Asia Pacific
  • Rising oil & gas exploration activities in North America
  • Strongly growing construction sector in MEA
  • Volatile raw material cost may hinder the market growth
Pitfalls & Challenges:
  • Volatile raw material cost may hinder the market growth

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Intumescent materials shall drive the market

Passive Fire Protection Materials Market by Product

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Intumescent materials’ is the highest growing segment among all the product segments. The segment is likely to witness around 8.5% CAGR during forecast period. Intumescent materials are widely used for protection of structural steel applications in various industries. The segment holds major passive fire protection materials market share owing to its increasing application in building & construction industry followed by applications in oil & gas, transportation, etc.
 

These materials/coatings can expand up to 25 times upon exposure forming a fire resistance char. Intumescent material are essential for construction of steel structures and are preferred by various end use industries. Expanding oil and gas industry is likely to increase the demand for intumescent materials in coming years.
 

Rising emphasis on regulations shall drive PFP materials consumption on structural application

Structural fire protection is primarily used for containment and prevention of fires in building & construction sector. These materials protect key structural elements such as steel and timber members. As these structures are key load bearing components, protecting them from fire is important and crucial. Therefore, regulatory bodies are stressing on the application of fire protective coatings and materials for structural protection.
 

Product demand in the U.S. will be driven by enormous oil & gas production

Passive Fire Protection Materials Market by Industry

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According to the U.S. Energy Information Administration, global oil supply shall rise by 1.6 million barrels per day (b/d) and global oil consumption rise by 1.3 million b/d in 2020. Advancement in technology and drilling techniques shall increase the oil and gas production in the world.
 

For instance, in 2018, U.S. oil production grew from 8.8 million barrels per day to 10.8 million barrels per day 2018. This escalation in the oil production will boost the passive fire protection materials market value on account of indispensable use of these materials for fire safety.
 

Recovering end use industries likely to drive Europe market

Passive Fire Protection Materials Market by Region

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Europe is expected to grow at moderate rate due to steady growth in end user industries such as building & construction, automotive, aerospace, oil & gas, industrial etc. The European construction industry will grow in coming years owing to a substantial rise in housing demand.
 

Europe passive fire protection materials market size by volume is anticipated to witness a CAGR of more than 7.5% during the forecast timespan. This growth is likely to be driven by rising stringent laws and regulations regarding fire safety and protection of structures.
 

R&D will drive product innovation

Industry players are investing in research and development centers for the development of improved product. Investing in R&D is key growth strategy, as the passive fire protection materials market is fragmented, and product differentiation is minimum.
 

For instance, in March 2017, Jotun announced the company shall open R&D center in Flixborough with investment of over USD 18 million.
 

Key players engaged in the passive fire protection materials industry are 3M, Hempel, Sherwin-Williams, Lloyd Insulations Ltd., Nullifire, PPG Industries, HILTI, Teknos Group, Kansai Paint, Akzo Nobel, Carboline, Rudolf Hensel GmbH, Jotun, Sharpfibre and Promat International. Additionally, players engage themselves strategic alliance to expand their market share.
 

Passive fire protection materials market report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2016 to 2026, for the following segments:
 

By Product

  • Sealants
    • Building & construction
    • Oil & gas
    • Transportation
    • Others
  • Intumescent materials
    • Building & construction
    • Oil & gas
    • Transportation
    • Others
  • Foams & boards
    • Building & construction
    • Oil & gas
    • Transportation
    • Others
  • Others
    • Building & construction
    • Oil & gas
    • Transportation
    • Others

By Application

  • Structural
  • Compartmentation
  • Opening protection
  • Firestopping materials

By Industry

  • Building & construction
  • Oil & gas
  • Transportation
  • Others

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

By Region

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

Frequently Asked Questions (FAQ) :

Overall passive fire protection materials market would be pegged at a valuation of $31 billion in 2026.
As per estimates, passive fire protection materials industry would account a crcr of 8.2% through 2026.
According to the report published by Global Market Insights Inc., the passive fire protection materials market is expected to hit $31.6 billion (USD) by 2026.
Increasing demand of automotive & aerospace, building & construction industry, rising fire safety standards due to stringent regulations, and growing oil & gas exploration activities are some of the key factors expected to drive the growth of global market.
Lloyd Insulations (India) Ltd., Nullifire, Sharpfibre, 3M, Hempel, Sherwin-Williams, Rudolf Hensel GmbH, HILTI, Teknos Group, Carboline, AkzoNobel, PPG Industries, KANSAI PAINT, Jotun, Promat International, Saint-Gobain are some of the top contributors in the industry.
Based on product, the intumescent materials segment held significant market share in 2018 and is predicted to show a remarkable growth rate during the forecast period.

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Premium Report Details

  • Published Date: Feb 2020
  • Pages: 304
  • Tables: 360
  • Charts / Figures: 30
  • Companies covered: 16
  • Countries covered: 18

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