Passive Fire Protection Materials Market - By Product (Sealants, Intumescent Materials, Foams & Boards, Mortars, Cementitious Sprays, Putties), By Application (Structural, Compartmentation, Opening Protection), By Industry & Forecast, 2021-2027

Industry Overview

Global Passive Fire Protection Materials Market size was valued close to USD 6 billion in 2020 and will showcase significant growth at a rate of 6.6% from 2021 to 2027 driven by rising awareness of fire safety along with technological advancements, which is credited to rising R&D investments across industries. The rapid adoption of advanced fireproof materials across industries coupled with favorable government policies is likely to boost the product demand over the projected timeframe.
 

The growing application of different products across a wide range of end-user industries, such as construction, oil & gas, transportation, and general industries including power generation, chemical, mining, etc., will boost the passive fire protection materials market growth. In recent years, there has been a significant rise in the construction sector, specifically in residential and commercial infrastructure projects, owing to the increasing global population.
 

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The demand for passive fire protection materials will surge in the near future owing to its exceptional capability to slow down heat spread & smoke and subsequently result in delaying the damage and improving the fire escape duration. The product demand will rise gradually as governments are imposing safety standards and countries across the globe are building state-of-the-art infrastructure over the assessment period. For instance, the National Building Code of India (NBC) has determined many specifications including fire zones, type of fire resistance for structural & non-structural components, requirements, etc.
 

Passive fire protection materials provide better toughness and stability at elevated temperatures, meeting the complete requirements for use in automotive & aerospace applications. The automotive industry is focusing on the installation of passive fire protection measurements in passenger and heavy-duty vehicles for ensuring safe evacuation time for passengers. For instance, in February 2021, Sika Automotive launched a fire protection coating technology for electric vehicle battery systems, which offers a high level of fire security.
 

Moreover, compartmentation and structural passive fire protection in mines along with protective requirements in mining vehicles may suppress the fire by exhibiting firefighting operation effectively. In addition, these products have diverse applications in oil & gas exploration and production activities due to strict safety practices. These materials play a significant role in safeguarding people and limiting damage in specific industrial applications where superior mechanical & thermal properties are required.
 

The ongoing coronavirus pandemic has adversely affected the industry growth owing to a halt in production and delay in major construction projects across the globe. Nationwide lockdowns and limited transport activities have further downturned the industry size. Moreover, the declining demand from many end-user industries and volatile raw material costs may hinder market growth in near future. Rapid vaccination policies and rising residential projects will largely contribute to the passive fire protection materials market share across the globe.
 

Intumescent coatings will drive the market share

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Intumescent coatings held a decent market share in 2020 and will grow at a rate of over 7.5% up to 2027. They act as an excellent fire-resistant material across various end-user industries including construction, oil & gas, manufacturing, automotive, aerospace, and warehousing. This factor will make noteworthy contributions to the passive fire protection materials market revenue in near future.
 

Intumescent coatings offer cost-effective, speedy, and quality finish in wood & steel structural protection compared to traditional protective coatings against fire, thus positively impacting the overall market size. The expansion of oil & gas exploration activities in Asia Pacific and North America will likely foster the demand for intumescent coatings in near future.
 

The building & construction industry will drive product demand in Asia Pacific

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The rapidly growing population in Asia Pacific has led to industrialization & urbanization, which will subsequently give rise to building & construction activities in the region. Consistent efforts of the government and regulatory bodies coupled with public awareness of safety are likely to boost the overall passive fire protection materials industry share. The market is anticipated to reach over USD 5.6 billion by 2027.
 

Larger and more complex buildings will make greater use of compartmentation

Compartmentation held the largest revenue share in the passive fire protection materials market, which accounted for over 48% in 2020 due to significant product use across various end-user industries and its mode of application by separating fire compartments from one another to restrict damage and subsequently provide adequate time to escape. The increasing number of high-rise apartments in emerging economies will positively contribute to the market share in near future.
 

Rising industrial activities in the APAC region will propel the product demand

Asia Pacific will reach over USD 2.2 billion by 2027. The rapidly growing automotive demand in Asia Pacific owing to the growing population and improving socio-economic factors will subsequently drive the passive fire protection materials market share in near future. Countries including India, China, Indonesia, and South Korea are investing in commercial construction projects, which will stimulate product demand across the region. Furthermore, the development of shale reserves in China is likely to boost oil & gas exploration activities in near future.
 

Merger & Acquisition as a part of the growth strategy

Companies are continuously adopting strategies, such as mergers & acquisitions, product improvisation, etc., to stimulate the company’s distribution channels by offering greater exposures and better opportunities to reach customers. For instance, in March 2016, Rudolf Hensel GmbH merged with AUDAX-Keck GmbH to strengthen its product offerings and eventually gain competitive advantages. The key players engaged in the global passive fire protection materials industry are Lloyd, 3M, Sherwin-Williams Company, Hempel, Nullifire, Etex SA, Saint-Gobain, Siniat International, and Promat International.
 

The 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 2017 to 2027 for the following segments:

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By Product

• Sealants
• Intumescent coatings
• Foams & boards 
• Mortars, Cementous sprays, Putties
• 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
  • Saudi Arabia
  • UAE