Key Market Overview:
The Passive Fire Protection Market was valued at USD 4,185.69 Million in 2022, registering a CAGR of 4.65% during the forecast period (2023-2030), and the market is projected to be worth USD 5,905.31 Million by 2030.
Passive fire protection refers to systems or components of a building or structure that slows the spread of the fire or smoke without any activation of system. Passive fire protection systems offer various benefits such as protection of assets and property without the need for any human intervention along with containment of fire within an area to ensure safe escape of individuals. The aforementioned benefits of passive fire protection systems are the major aspects increasing its adoption in building & construction, oil & gas, automotive, marine, and other industries.
Factors such as the rising trend toward the adoption of passive fire protection systems in building & construction and oil & gas sectors are the key factors driving the growth of the passive fire protection market. Additionally, the growing demand for fire protection solutions in electric vehicles will create lucrative opportunities for the growth of the market.
In June 2022, Hempel launched Hempafire XTR 100, an epoxy-based passive fire protection coating that is mainly designed for use in oil & gas sector including refining and petrochemical plants. The newly launched passive fire protection coating provides UL 1709-certified fire protection at a low dry film thickness. Thus, the rising development of passive fire protection systems for its utilization in oil & gas, building & construction, and other industries will further drive the growth of the market in the upcoming years.
Passive Fire Protection Report Coverage:
|Report Attributes||Report Details|
|Market Size in 2030 (USD Million)||5,905.31 million|
|CAGR (2023-2030)||4.65 %|
|By Product Type||Cementitious Materials, Intumescent Coatings, Fireproof Cladding, Fire and Smoke Dampers, and Others|
|By End User||Building and Construction, Oil and Gas, Automotive, Marine, Aerospace, and Others|
|By Geography||Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia] |
Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey]
North America [United States, Canada, Mexico]
Middle East & Africa [GCC, North Africa, South Africa]
South America [Brazil, Argentina, Columbia, Chile, Peru]
|Key Players||Akzo Nobel N.V., Sika AG, Jotun, Bostik, 3M, Hempel A/S, Sherwin-Williams Company, PPG Industries, Advanced Insulation Limited, Polyseam Ltd, ROCKWOOL International A/S, and Kansai Paint Co. Ltd.|
Passive fire protection systems are mainly deployed in the building and construction sector including industrial buildings, high-rise residential buildings, and commercial buildings such as offices, hotels, hospitals, educational institutes, and others to impede the spread of fire and smoke in case of a fire hazard. Passive fire protection plays a significant role in reducing the severity of fire, safeguarding people, and minimizing damage to the buildings and its assets.
The rising trend towards the adoption of enhanced fire protection solutions in commercial and industrial spaces and the increasing development of commercial and industrial buildings are prime factors driving the market demand for passive fire protection.
In August 2022, Bank Hotel launched its new hotel outlet in Stockholm, Sweden. The new hotel includes 115 rooms and a collection of modified restaurants and bars. In the second quarter of 2022, the construction of the Gliwice Park Warehouse Complex commenced in Poland with an investment of USD 70 million. The project is scheduled to be completed in 2023 and aims to provide better warehousing facilities in the country. Thus, the rising development of new commercial and industrial buildings is driving the utilization of passive fire protection systems to offer improved safety of individuals in case of a fire hazard. The above-mentioned factors are further fueling the growth of the passive fire protection market.
The application of passive fire protection coatings such as intumescent coatings is often associated with higher time consumption and certain limitations, which is a prime factor restricting the growth of the market. For instance, epoxy-based passive fire protection coatings often utilized in the oil & gas industry as epoxy passive fire protection coatings reduces the rate of steel temperature rise, which in turn prevents or delays the collapse of the structure. However, epoxy passive fire protection coatings need additional mesh reinforcing. The reinforcement mesh should be placed in accordance with the products certification in order to avoid any danger of failure during its exposure to fire. The development and installation of the complex mesh reinforcement systems consumes a lot of time and effort.
Additionally, assuring that the mesh is applied as per the system design leads to certain challenges, specifically when dealing with complicated structures. Further, the maintenance and repair are also time-consuming, difficult, and costly. Therefore, the aforementioned limitations associated with the application of passive fire protection coatings are restraining the growth of the market.
By Product Type
The product type segment is divided into cementitious materials, intumescent coatings, fireproof cladding, fire and smoke dampers, and others.
The cementitious materials segment is anticipated to contribute the largest market share. Cementitious materials are composed of cement or gypsum, and are capable of producing a tough, fire-resistant surface. Cementitious materials are often applied on steel elements during the construction of a structure in order to protect them during a fire hazard. Additionally, cementitious sprays are sprayed in several layers in order to protect the underlying materials within a structure. The use of cementitious materials in a structure creates a barrier that reduces the pace of heat transmission in the case of fire. Cementitious material considered to be one of the most cost-effective solutions for fireproofing buildings. Further, factors such as the rising development of industrial, commercial, and residential buildings along with the growing demand for cost-effective and economical fireproofing solutions are the key factors that will drive the growth of the segment during the forecast period.
Additionally, the intumescent coatings segment is expected to grow steadily during forecast period. An intumescent coating is a type of passive fire protection coating that provides a barrier when applied to an industrial structure and prevents damage in case of fire. Intumescent coatings coating protects against the negative effects of a fire instead of preventing a spread of fire, thus, giving individuals an opportunity to escape safely in case of a fire hazard. In January 2023, Huntsman announced the launch of its new intumescent coating that is primarily designed for utilization in the construction industry to offer passive fire performance along with strong protective properties.
Further, factors such as the rising investments in building & construction projects, increasing construction of petrochemical plants and refineries, along with the growing need for efficient fire protection solutions in oil & gas plants are the major factors that will boost the growth of the segment in the upcoming years.
By End User
The end user segment is divided into building and construction, oil and gas, automotive, marine, aerospace, and others.
The oil and gas segment is expected to account for largest share in the passive fire protection market. Passive fire protection is primarily employed in the oil and gas industry for the protection of main structural elements within the facility that support walkways and open escape routes along with protection of hydrocarbon containing process vessels. The deployment of passive fire protection in oil & gas plants and refineries are highly effective against pool fires and jet fires.
Factors such as the rising investments in oil & gas projects, expansion of oil & gas units and the growing trend for installation of passive fire protection in oil & gas infrastructure are the key factors driving the growth of the oil and gas segment. In 2021, OMV AG, a European oil & gas company, invested USD 1.18 billion in the development of three petrochemical refineries, including Burghausen refinery (Germany), Schwechat refinery (Austria), and Petrobrazi refinery (Rommania) that are scheduled for completion in 2025. Thus, the increasing investment in the development of oil and gas facilities will foster the demand for passive fire protection solutions for its application in the oil & gas plants, which will further boost the market growth in the upcoming years.
The regional segment includes North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. North America region is considered to contribute the largest revenue share in the year 2022. The growth of the market in the North American region is attributed to the rise in industrial and commercial construction activities including offices, hotels, educational institutes, and others. Additionally, the prevalence of governmental bodies including the National Fire Protection Association and U.S. Fire Administration have introduced several guidelines and standards that are developed to minimize the possibility and effects of fire in buildings and industries, which is further promoting the deployment of passive fire protection in the region.
The Asia-Pacific region is anticipated to witness substantial growth during the forecast period. The rapid pace of urbanization and development in the Asia-Pacific region is creating lucrative opportunities for the growth of the market in the region. Additionally, several factors such as the rise in commercial construction, and the growing trend for adoption of fire protection systems in building and construction sector in the Asia-Pacific region are fueling the growth of the market in the region.
Passive Fire Protection Market Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in Research and Development (R&D), product innovation, various business strategies, and application launches have accelerated the growth of the Global Passive Fire Protection Market. Key players in the market include-
• Akzo Nobel N.V.
• Sika AG
• Hempel A/S
• Sherwin-Williams Company
• PPG Industries
• Advanced Insulation Limited
• Polyseam Ltd
• ROCKWOOL International A/S
• Kansai Paint Co. Ltd.
• In July 2022, Sherwin-Williams launched its new intumescent coating called FIRETEX FX2007. The new solvent-based coating offers up to 60 minutes of fire resistance on structural steel.