Passive Fire Protection Market - Forecast(2024 - 2030)
Passive Fire Protection Market Overview
Passive
Fire Protection Market size is forecast to reach US$5.1 billion by 2026, after growing
at a CAGR of 4.5% during 2021-2026, due to the increasing usage of fire
protection products from building & construction, oil & gas,
healthcare, and other industries. Passive Fire Protection is built into the structure such as
smoke dampers, walls, ceiling dampers, and others to provide stability and
enhanced the ability of fire resistance. Passive fire protection such as
fire doors, firewalls, smoke dampers, fire retardants active fire protection
measures which do not require electric activation. It is also used to minimize
damage and give occupants more time for emergency evacuation to buildings.
Passive fire protection is bifurcated in cementitious and intumescent paints. Intumescent
paint prevents the building's steel structure, withstands fire and from exceeding the
critical temperature at which it may collapse. Hence, increasing demand
from building and construction is estimated to grow the passive fire protection
market size.
Impact
of COVID-19
The
tragedy of COVID-19, which is declared as a pandemic by the World Health
Organization, is having a noticeable impact on global economic growth. However,
due to the nationwide lockdown, the building and construction and oil & gas
refinery plants were set at a pause in 2021. Also, an insufficient supply of fireproofing
products owing to the supply chain disruptions decreased the consumption of
passive fire protection products, which harmed the market growth.
Report Coverage
The
report: “Passive Fire Protection Market –
Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the
following segments of the passive fire protection industry.
By Type: Cementitious, Intumescent
Paint, Foam and Sealants, and Others
By
End-Use Industry: Building and Construction {Commercial
(Hospitals and Healthcare Infrastructure, Educational Institutes, Hotels and
Restaurants, Financial Institutes, Hyper and Super Market, Shopping Malls, and
Others), Residential (Row Houses, Apartments, Others), and Others},
Industrial, Oil & Gas, Furniture, and Others
By
Geography: North America
(USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Spain,
Netherlands, Russia, Belgium, and Rest of Europe), Asia Pacific (China, Japan,
India, South Korea, Australia & New Zealand, Indonesia, Taiwan, Malaysia,
and Rest of Asia Pacific), South America (Brazil, Argentina, Colombia, Chile,
and Rest of South America), and RoW (Middle East and Africa)
Key Takeaways
- Asia Pacific dominates the global passive fire protection peracetic market owing to the increasing consumption of fire retardants for building steel structures in developing and emerging Asian countries.
- Growing demand for fire protection coatings such as intumescent paint in offshore & onshore pipelines and steel structures in building as they provide durability, thermal insulation, longer shelf-life, and provides corrosion protection is creating an opportunity for market growth.
- Globally, there is increasing adoption of passive fireproofing products as they are designed for smoke dampers which can be used to control the smoke migration in floors and the walls as barriers for creating pressure differences and driving the market size.
Figure: Asia Pacific Passive Fire Protection Market, 2021-2026 (US$ Billion)
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Passive Fire Protection Market Segment Analysis – By Type
Intumescent paint held the largest share of the global passive fire protection market in 2020. Intumescent paint provides a structural solution as an aesthetically pleasing fireproofing product. Intumescent paint is increasingly used for load-bearing structures such as structural steel which is widely required in the modern architectural design of both industrial and commercial buildings. Additionally, intumescent paint can be used on a variety of materials such as timbers, composite elements, and concrete. Thus, increasing demand for intumescent paint for structural application is estimated to grow the demand for passive fire protection.
Passive Fire Protection Market Segment Analysis – By End-Use Industry
Building
and construction dominated the global passive fire protection market in 2020
and is growing at a CAGR of 4.7% during 2021-2026. Passive fire protection
products which are employed for smoke dampers, fire retardants, and others are
helping to limit the amount of fire damage to a building and provides its
occupants more time for emergency evacuation. It is also used in suspended ceilings and to protect the structural frame of the building.
Thus, increasing the building and construction with rising awareness regarding
fire accidents is estimated to grow the demand for passive fire protection
products. According to the
US Census Bureau, building permits in the United States increased 0.3 percent
to an adjusted annual rate of 1.76 million in April 2021 from 1.75 million in
March 2021. Furthermore, according to the National Development and
Reform Commission (NDRC), 14 construction investment projects were approved
worth CNY177.8 billion (US$25.2 billion), following approvals of CNY68.9
billion (US$10.1 billion) in August 2020. Additionally, increasing commercial building construction is
estimated to grow the consumption of fireproof products. According to the India
Brand Equity Foundation (IBEF), the warehouse attracted private equity
investments of US$ 971 million in 2020. Additionally, according to the
U.S. Census Bureau, healthcare construction increased by US$ 47,113 million in
January 2021 compared to US$ 46769 million in April 2020. Hence, rapidly increasing buildings are estimated to grow the demand for passive
fire protection.
Passive Fire Protection Market Segment Analysis – By Geography
Asia Pacific dominated the global passive fire protection market with a high share of 30% in 2020 due to the rising population with growing demand for building, healthcare sectors, and oil refinery projects are estimated to grow the market size of passive fire protection. According to the Canadian Association of Petroleum Producers (CAPP), Capital investment in Alberta’s oil sands is expected to increase from $6.7 billion in 2020 to $7.3 billion in 2021. Furthermore, according to the Canadian Association of Petroleum Producers (CAPP), oil and gas companies will invest C$27.3 billion in 2021. Furthermore, passive fire protection includes smoke dampers, fire doors, fire retardants, intumescent paints, firewalls, and fire floors. Smoke dampers are used to prevent the spread of smoke throughout the building through its ductwork. Thus, increasing demand from buildings is estimated to grow the demand for smoke dampers which, in turn, is estimated to grow the demand for fireproofing products. According to China Electronic Information Industry Development (CCID), the country is expected to spend CNY10 trillion (US$1.4 trillion) on new infrastructure projects between FY20-FY25. Furthermore, according to the India Brand Equity Foundation (IBEF), the real estate sector of India will grow US$ 1 trillion by 2030 and Rs. 65,000 crore (US$ 9.30 billion) by 2040. Thus, rising building projects and investment activities in the oil sector are estimated to drive market growth.
Passive Fire Protection Market Drivers
Growing Demand from Pharmaceutical Sector
Rapidly growing end-use industries in the APAC
region are estimated to grow the demand for fire protection. Passive
fire protection includes smoke dampers, fire retardant coating, intumescent
coatings, and others which are highly required from the building sector. Also,
Hospitals commonly face challenges in regards to emergency evacuation, thus; It
gives occupants more time for emergency evacuation to hospital buildings. Hence, the increasing
pharmaceutical industry in Asian countries such as India and China is estimated
to grow the demand for passive fire protection. According to healthcare
information company IQVIA, the pharmaceutical sector of China was US$122.6
billion in 2017 and is forecast to reach US$175 billion by 2022. According to
the India Brand Equity Foundation (IBEF), the healthcare market is expected to
increase by Rs. 8.6 trillion (US$ 133.44 billion) by 2022 which is estimated to
grow the passive fire protection market size.
Increasing Adoption of Intumescent Paint and Cementation Coatings
The increasing adoption of intumescent coatings owing to
their anti-corrosive nature, superior weather resistance, excellent durability,
and aesthetic appeal, makes them ideal for application in warehousing,
construction, and oil and gas. Intumescent coatings require lower maintenance,
provide longer shelf-life, and help the corrosion protection of steel
structures in buildings. Additionally, cementitious materials are used to
increase the fire safety of steel structures and prevent damages in manufacturing
facilities. These fire protection materials are sprayed directly onto the
contours of beams, columns, girders, and floors. Hence, intumescent paint and
cementitious coatings can improve the fire resistance of structural steel which
is estimated to grow the consumption of passive fire protection coatings.
Passive Fire Protection Market Challenges
Passive Fire Protection Material Poses a Health Risk
The common PFP material used varies from mineral-based (such as rock wool) to organic resin-based (intumescent coatings). However, rock wool is unfriendly to the environment as well as human health. Rock wool may contain a lot of dust and comes into direct contact with the eyes, nose, and lungs which may irritate the human organs. The rock wool fibers are thick and easily expel by the body that is the cause of lung disease and cancer which may limit the consumption of materials of passive fire protection.
Passive Fire Protection Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the passive fire protection market. Major players in the Passive Fire Protection Market include:
1. 3M
2. Sharpfibre Limited
3. Rudolf Hensel GmbH
4. Carboline
Company
5. Isolatek International
6. Akzo Nobel N.V.
7. PPG Industries, Inc.
8. Teknos
Group
9. Kansai Paint Co., Ltd.
10 Etex Group
11. HEMPEL A/S
12. Contego International
Inc.
13. The Sherwin-Williams Company, and among others.
Acquisitions/Product/Technology Launches
- In September 2020, Etex Group announced the acquisition of FSi Limited, a British company that specialized in passive fire protection solutions. The solution allows Etex to strengthen its offering in passive fire protection, focus on fire stopping, and dry lining systems.
- In November 2019, Hempel announced a new product “Hempafire Optima 500”. It is specially designed to improve the productivity of passive fire protection coating applications.
Relevant Report
Fire Retardant Coatings Market -
Forecast(2021 - 2026)
Report Code: CMR
99572
Fire Protection Materials Market
- Forecast 2021 - 2026
Report Code: CMR
70556
For more Chemicals and Materials Market reports, please click here
LIST OF TABLES
LIST OF FIGURES
1.US Passive Fire Protection Market Revenue, 2023-2030 ($M)2.Canada Passive Fire Protection Market Revenue, 2023-2030 ($M)
3.Mexico Passive Fire Protection Market Revenue, 2023-2030 ($M)
4.Brazil Passive Fire Protection Market Revenue, 2023-2030 ($M)
5.Argentina Passive Fire Protection Market Revenue, 2023-2030 ($M)
6.Peru Passive Fire Protection Market Revenue, 2023-2030 ($M)
7.Colombia Passive Fire Protection Market Revenue, 2023-2030 ($M)
8.Chile Passive Fire Protection Market Revenue, 2023-2030 ($M)
9.Rest of South America Passive Fire Protection Market Revenue, 2023-2030 ($M)
10.UK Passive Fire Protection Market Revenue, 2023-2030 ($M)
11.Germany Passive Fire Protection Market Revenue, 2023-2030 ($M)
12.France Passive Fire Protection Market Revenue, 2023-2030 ($M)
13.Italy Passive Fire Protection Market Revenue, 2023-2030 ($M)
14.Spain Passive Fire Protection Market Revenue, 2023-2030 ($M)
15.Rest of Europe Passive Fire Protection Market Revenue, 2023-2030 ($M)
16.China Passive Fire Protection Market Revenue, 2023-2030 ($M)
17.India Passive Fire Protection Market Revenue, 2023-2030 ($M)
18.Japan Passive Fire Protection Market Revenue, 2023-2030 ($M)
19.South Korea Passive Fire Protection Market Revenue, 2023-2030 ($M)
20.South Africa Passive Fire Protection Market Revenue, 2023-2030 ($M)
21.North America Passive Fire Protection By Application
22.South America Passive Fire Protection By Application
23.Europe Passive Fire Protection By Application
24.APAC Passive Fire Protection By Application
25.MENA Passive Fire Protection By Application
26.Lloyd Insulations Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Nullifire, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Sharpfibre, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.3 M, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.HempelMarine Paints, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Sherwin-Williams, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Rudolf Hensel GmbH, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.HILTI, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Leighs Paints, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Carboline, Sales /Revenue, 2015-2018 ($Mn/$Bn)