Fire safety is the practice of reducing the destruction and damages caused by passive fire. Passive fire protection coatings limit fire propagation for a certain time period. Passive fire protection is a term that comprises a wide range of products such as coatings. It can be stated that the performance of these coatings extensively depends on the properties of active barriers and fire protection properties of the building, which have an extensive range of applications in numerous sectors. Therefore, the wider usage of passive fire protection coatings in automobile industries, building and construction activities, and other industries is expected to enhance market growth.
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Data Bridge Market Research analyses that the Passive Fire Protection Coatings Market is expected to reach USD 10,897,987.13 thousand by 2029 from USD 7,604,887.86 thousand in 2021, growing at a CAGR of 4.60% in the forecast period of 2022 to 2029. The growing Individuals disposable income will provide potential opportunities for the market growth in the forecast period.
Growing demand for passive fire protection coatings in the construction industry is expected to drive the market's growth rate
The market for passive fire protection coatings is expanding due to the growing building industry. Building, maintaining, and repairing structures and buildings, as well as building roads and service facilities, are all included in the construction industry. As a result of their non-combustible nature, have a low thermal conductivity, and take a long time for a fire to impact the structures, fireproof materials are employed in the construction industry to prevent the spread of fire. For instance, the global construction market is expected to reach $8 trillion by 2030, according to Global Construction Perspectives and Oxford research. Consequently, it is anticipated that the expanding construction industry would fuel the market for passive fire protection coatings during the forecast period.
Report Scope and Market Segmentation
Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Cementitious Material, Intumescent Coating, Fireproofing Cladding, Others), Technology (Water-Based Protection Coating, Solvent-Based Protection Coating), Application (Oil & Gas, Construction, Aerospace, Electrical and Electronics, Automotive, Textile, Furniture, Warehousing, Others), End User (Building & Construction, Oil & Gas, Transportation, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Hempel A/S (Denmark), Hilti Group (Liechtenstein), GCP Applied Technologies Inc. (U.S.), Sharpfibre Limited (U.K.), Rudolf Hensel Gmbh (Germany), Isolatek International Corporation (U.S.), Contego International Inc. (U.S.), envirograf passive fire products (U.K.), no-burn Inc. (U.S.), TEKNOS GROUP (Finland), CARBOLINE (U.S.), Vijay Systems Engineers Pvt Ltd. (India), The Sherwin-Williams Company (U.S.), Akzo Nobel N.V (Netherlands), Etex Group (Belgium), PPG Industries Ohio, Inc.(U.S.), 3M (U.S.), Kansai Paint Co., Ltd.(Japan), Jotun (Norway), svt Group of Companies (U.S.),
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The passive fire protection coatings market is segmented on the basis of product type, technology, application and end user.
- On the basis of product type, the global passive fire protection coating market is segmented into cementitious material, intumescent coating, fireproofing cladding, others.
The intumescent coating segment of product type segment is anticipated to dominate the passive fire protection coatings market
Intumescent coating is expected to dominate the market with 45.65% market share because consumers are more inclined towards Intumescent coating as it provides an aesthetic look and protection to the metal structure on which it is applied. Furthermore, intumescent coatings are easy to apply and affordable which surge its demand in the market.
- On the basis of technology, the global passive fire protection coating market is segmented into water-based protection coating and solvent-based protection coating. Water-based protection coating is expected to dominate the market with 62.61% market share market because water-based coatings offer good resistance to abrasion and heat and excellent adhesion as compared to other coatings which are available in the market
- On the basis of application, the global passive fire protection coating market is segmented into oil & gas, construction, aerospace, electrical and electronics, automotive, textile, furniture, warehousing and others. Automotive is expected to dominate the market with 26.18% market share because it delivers a safe passage and time to escape for the people on board and saves their lives which ultimately surges the use of the same in the market
- On the basis of end user, the global passive fire protection coating market is segmented into building and construction, oil and gas, transportation and others.
The building and construction segment of end user segment is anticipated to dominate the passive fire protection coatings market.
Building and construction is expected to dominate the market with 58.37% market share owing to many norms set up by the government to safeguard the lives of people at the time of fire crisis. Protective coatings can withstand and control fire for a longer duration of time which ultimately surges its usage by the building and construction sector.
Major Players
Data Bridge Market Research recognizes the following companies as the major passive fire protection coatings market players in passive fire protection coatings market Hempel A/S (Denmark), Hilti Group (Liechtenstein), GCP Applied Technologies Inc. (U.S.), Sharpfibre Limited (U.K.), Rudolf Hensel Gmbh (Germany), Isolatek International Corporation (U.S.), Contego International Inc. (U.S.), envirograf passive fire products (U.K.), no-burn Inc. (U.S.), TEKNOS GROUP (Finland), CARBOLINE (U.S.), Vijay Systems Engineers Pvt Ltd. (India)
Market Development
- In 2020, Honeywell, a US-based company that generally operates in building technologies, has launched a new suite of Connected Life Safety Services (CLSS), a cloud platform for fire safety systems. This platform is intended to aid fire professionals to demonstrate compliance, avoid downtime, and shorten the time it takes to install, commission, inspect, design, maintain, and report life safety equipment.
- In 2020, Etex Group, a Belgium-based gypsum products company, acquired FSi Limited, UK-based manufacturer of passive fire protection systems for an undisclosed amount. With this acquisition, Etex Group will be capable to provide a wider range of solutions to new customers in the UK, and will strengthen its position in passive fire prevention.
Regional Analysis
Geographically, the countries covered in the passive fire protection coatings market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in passive fire protection coatings market during the forecast period 2022 to 2029
Asia-Pacific dominates the passive fire protection coatings market owing to the high demand from this region's construction and building sector. Moreover, increasing demand of passive fire protection coatings for batteries in the automotive industry will further boost the market growth in the region.
Europe is estimated to be the fastest-growing region in passive fire protection coatings market the forecast period 2022 to 2029
Europe is expected to grow during the forecast period of 2022 to 2029. This is mainly owing to the increasing prominence on improving the overall fire safety standard of buildings in the region. Furthermore, increasing investments by automotive and aerospace companies for improving fire safety standards of aircraft and vehicles is also anticipated to drive the growth of the market rate in this region.
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