Global Passive Fire Protection Coatings Market, By 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)- Industry Trends and Forecast to 2029.
Global Passive Fire Protection Coatings Market Analysis and Size
PFP systems are designed to "prevent" the spread of fire and smoke, or heating of structural members, for an intended limited period as determined by the local building code and fire codes. Passive fire protection measures such as firestops, fire walls, and fire doors, are tested to determine the fire-resistance rating of the final assembly, which is usually expressed in terms of hours of fire resistance (e.g., ?, ¾, 1, 1½, 2, 3, 4 hour).
Increasing demand for passive fire protection coatings by the construction industry and the growing demand for passive fire protection coatings in various industries are some of the drivers boosting sulfuric acid demand in the market. Data Bridge Market Research analyses that the passive fire protection coatings market is expected to reach the value of USD 10,897,987.13 thousand by the year 2029, at a CAGR of 4.6% during the forecast period. Intumescent coatings accounts for the most prominent application segment in the respective market owing to rise in the demand from the construction industry. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
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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 2019 - 2014)
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Quantitative Units
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Revenue in USD Thousand, Volumes in Thousand kg, Pricing in USD
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Segments Covered
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By 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, Luxemburg, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia & New Zealand, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, United Arab Emirates, 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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3M, Hempel A/S, The Sherwin-Williams Company, Hilti Group, AkzoNobel N.V, PPG, Kansai Paint Co.,Ltd, Jotun, Etex Group, GCP Applied Technologies Inc, Sharpfibre Limited, svt Holding GmbH, Rudolf Hensel Gmbh, Isolatek International Corporation, Contego International Inc., Isolatek International, envirograf passive fire products, no-burn inc., TEKNOS GROUP, CARBOLINE, Vijay Systems Engineers Pvt Ltd. among others.
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Market Definition
Passive fire protection (PFP) are components of a building or structure that slows or impedes the fire or smoke without system activation, and usually without movement. The instances of passive systems include floor-ceilings and roofs, fire doors, windows, and wall assemblies, fire-resistant coatings, and other fire and smoke control assemblies. Passive fire protection systems can include active components such as fire dampers. The Asia-Pacific is the largest consumer of passive fire protection coatings due to the increased awareness about the same in the region.
Regulatory Framework
Compliance with all the various regulations in the area of Environmental Product Compliance (EPC) involves laws and regulations. These include environmental and company law requirements that regulate or even prohibit the use of various substances and materials in products. In addition to improved product quality and safety, this is above all an important component of sustainability.
COVID-19 had a Minimal Impact on Passive Fire Protection Coatings Market
COVID-19 impacted various manufacturing industries in the year 2020-2021 as it led to the closure of workplaces, disruption of supply chains, and restrictions on transportation. Though, the imbalance between demand and supply and its impact on pricing is considered short-term and is expected to recover as this pandemic comes to an end. Due to the halt in production operations in various industries throughout the globe, the demand for passive fire protection coating has gone down tremendously. Also, with the continuously dropping requirements of automotive petroleum refining and many other industries, the manufacturers’ margins are declining, which they earn from the supply of sulfuric acid. However, the governments are taking steps to relax tax, fiscal deficit, and others to minimize the impact.
The Market Dynamics of the Passive Fire Protection Coatings Include:
- Growing Construction Industry
The construction market includes a wide range of activities covering upcoming, ongoing, and growing construction projects in different sectors that include but are not limited to geotechnical (underground structures) and superstructures in residential, commercial, and industrial structures as well as infrastructure construction (like roads, railways, and airports) and transmission-related infrastructure for power generation. The large-scale project downturn is already resulting in increased interest in private sector projects. Residential construction spending was up nearly 25% in 2021, and residential starts are expected to increase by 7% in 2022.
- Escalating Application Scope of Passive Fire Protection Coating in Various Industries
Fire safety is the practice which is intended to reduce the damages and destruction caused by passive fire. In passive fire protection systems any external activation fire safety system does not required and even in passive fire system extinguish fires are used. Passive fire protection system limits the fire propagation for a certain period of time. Passive fire protection is a term that includes a wide range of items and practices. In the most shortsighted sense, Passive fire protection alludes to materials incorporated with the structures that encompass us which are expected to slow or forestall the spread of fire.
- Rising Demand of Water Based Fire Protection Coatings
Water based items are accessible with the exceptional properties to individual products. Along with this, water based items will in general get marked as one nonexclusive gathering, various definitions exist. Every item should, along these lines, be considered independently as far as its specialized capacity. Many have come to fruition through broad obliviousness and deception, once in a while advanced by the makers of dissolvable based items.
- Imposition of Favorable Government Guidelines and Fire Safety Standards
Model codes refers to the prerequisites for building plan, development and activity to secure general wellbeing, security and the characteristic assets that continue us, help us "assemble it right" toward the starting when it makes a difference most. Construction laws would now be able to offer improved insurance against the dangers of cataclysmic events and psychological oppression to make our networks stronger, reasonable and bearable for a long time into the future, which brings down the cost of alleviation for building proprietors. Model codes give direction on the best way to configuration, manufacture and work structures to accomplish these objectives.
Restraints/Challenges Faced by the Passive Fire Protection Coatings Market
- Availability of Cheaper Alternatives
The availability of cheaper alternatives in the market acts as a major restrain for the market and eventually reduce the consumption of fire protective coatings. Fire protective coatings are comparatively costlier than other fire extinguisher products as these coatings are applied or sprayed which requires human resources as well as time thus making the coatings costlier. Consumers tend to use alternative materials such as heat resistant foams and other materials to cut down the cost which will be incurred for coating the whole area.
- Volatility in the Raw Material Costs
Fluctuation in the raw materials costs, the raw materials that are already used in the fire protection coatings are already available at the higher prices. The raw materials which is generally are chemicals are in huge demand thus making it difficult for the manufacturers to procure as well as maintain the availability of the raw materials. The preparing of fire protection materials is the complex process as the greater part of the buyer request the slight differentiation depending on the structure it is used on for ideal outcomes market in the forecast period of 2022-2029.
Recent Developments
- In March, Dyneon LLC, a 3M company, announced the acquisition of the business of Hitech Polymers Inc., a manufacturer of specialty thermoplastic polymers and provider of toll thermoplastic compounding services based in Hebron. The addition of Hitech Polymers increases Dyneon’s ability to bring new solutions to existing customers faster
- In July, The Sherwin-Williams Company has introduced a revolutionary practical onshore passive fire safety coating. Firetex M90/03 complies with UL 1709 fire protection certification specifications. The launch of a new product has opened new business opportunities for the company.
Global Passive Fire Protection Coatings Market Scope
The global passive fire protection coatings market is segmented into four notable segments, based on product type, technology, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Cementitious Material
- Intumescent Coating
- Fireproofing Cladding
- Others
On the basis of product type, the global passive fire protection coatings market is segmented into cementitious material, intumescent coating, fireproofing cladding, and others. the intumescent coating segment is expected to dominate the market as the consumers are more inclined towards the same as it provides protection and an aesthetic look to the metal structure on which it is applied.
Technology
- Water-Based Protection Coating
- Solvent-Based Protection Coating
On the basis of technology, the global passive fire protection coatings market is segmented into water-based protection coating and solvent-based protection coating. The water-based protection coating segment accounts for the largest market share as water-based coatings provide good resistance to heat and abrasion and excellent adhesion compared to other coatings available in the market.
Application
- Oil & Gas
- Construction
- Aerospace
- Electrical And Electronics
- Automotive
- Textile
- Furniture
- Warehousing
- Others
On the basis of application, the global passive fire protection coatings market is segmented into oil & gas, construction, aerospace, electrical and electronics, automotive, textile, furniture, warehousing and others automotive segment accounts for the largest market share as it provides a safe passage and time to escape for the people onboard and saves lives which eventually increases the use of the same in the market.
End User
- Building & Construction
- Oil & Gas
- Transportation
- Others
On the basis of end user, the global passive fire protection coatings market is segmented into building and construction, oil and gas, transportation and others the building and construction segment accounts for the largest market share due to varied norms set up by the government officials to safeguard the lives of individuals at the time of fire crisis, as protective coatings can control and withstand fire for a longer duration which eventually increases its use by the building and construction sector.
Passive Fire Protection Coatings Market Regional Analysis/Insights
The passive fire protection coatings market is analyzed and market size insights and trends are provided by country, product type, technology, application and end user as referenced above.
The countries covered in the sulfuric acid market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Luxemburg, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia & New Zealand, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, United Arab Emirates, South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.
Asia-Pacific is expected to dominate the global passive fire protection coatings market due to high demand from the construction and building industry. Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to growing demand for batteries in the automotive industry in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Passive Fire Protection Coatings Share Analysis
The passive fire protection coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to sulfuric acid market.
Some of the major players operating in the global passive fire protection coatings market are 3M, Hempel A/S, The Sherwin-Williams Company, Hilti Group, AkzoNobel N.V, PPG, Kansai Paint Co.,Ltd, Jotun, Etex Group, GCP Applied Technologies Inc, Sharpfibre Limited, svt Holding GmbH, Rudolf Hensel Gmbh, Isolatek International Corporation, Contego International Inc., Isolatek International, envirograf passive fire products, no-burn inc., TEKNOS GROUP, CARBOLINE, Vijay Systems Engineers Pvt Ltd. among others.
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