Global Passive Fire Protection Market, By Product (Cement Materials, Sealants, Foams and Boards, Intumescent Coatings, Fireproof Cladding and Others), Application (Oil and Gas, Building and Construction, Industrial, Transportation, Warehousing and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Passive Fire Protection Market
Data Bridge Market Research analyses that the passive fire protection market will witness a CAGR of 7.90% for the forecast period. Rising concerns regarding fire safety mechanisms in buildings and infrastructures, upsurge in the number of construction activities and increasing number of deaths and property loss owing to fire spread are the major factors attributable to the growth of passive fire protection market.
Passive fire protection is a safety system developed against fire to be incorporated or installed into buildings or infrastructures. The solutions or products used in the passive fire protection system are fire retardants and help to reduce the loss due to sudden fire outbreak. The materials stop and slowdown the fire and unlike active fire protection system, the passive fire protection system doesn’t require any motion to work efficiently. The materials used in the passive fire protection system have low maintenance costs and can be easily installed in the existing building structures or infrastructures. With the rising advancements, the quality of the materials involved has been significantly improved.
Rising adoption of passive fire protection systems by oil and gas industry is one of the major factors fostering the growth of the passive fire protection market. Rising urbanization, infrastructural development and modernization of backward areas will further fuel up the demand for the incorporation of passive fire protection systems. Increased focus on technological advancements by the major key players will further generate lucrative growth opportunities for the passive fire protection market. Stringent regulations imposed by the government describing fire and safety norms coupled with the growth and expansion of buildings and construction industry is another important factor bolstering the market growth rate in the upward direction. Rising awareness about the importance of fireproof materials will further propel growth in the demand for passive fire protection systems.
However, global economic slowdown owing to the spread of coronavirus will dramatically impact the passive fire protection market growth rate. Volatility in the prices of raw materials will further derail the passive fire protection market growth rate. Technical challenges involved in the passive fire protection system will also hamper the market growth rate.
This passive fire protection market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on passive fire protection market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Passive Fire Protection Market Scope and Market Size
The passive fire protection market is segmented on the basis of product and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the passive fire protection market is segmented into cement materials, sealants, foams and boards, intumescent coatings, fireproof cladding and others. Intumescent coatings segment is sub-segmented into water-based and solvent-based.
- On the basis of application, the passive fire protection market is segmented into oil and gas, building and construction, industrial, transportation, warehousing and others.
Passive Fire Protection Market Country Level Analysis
The passive fire protection market is analyses and market size, volume information is provided by country by product and application as referenced above.
The countries covered in the passive fire protection 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, Israel, Egypt, South Africa, 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.
North America dominates the passive fire protection market and will continue to flourish its trend of dominance during the forecast period. This is because of the well-established industrial sector coupled with rising demand by the consumers for effective and efficient fire safety mechanisms in the buildings. Asia-Pacific on the other hand is projected to undergo the highest growth rate during the forecast period owing to the rising awareness about passive fire protection systems.
The country section of the passive fire protection market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Market Share Analysis
The passive fire protection 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 passive fire protection market.
The major players covered in the passive fire protection report are Lloyd Insulations (India) Limited., 3M, Sharpfibre Limited., HEMPEL A/S, The Sherwin-Williams Company, Rudolf Hensel GmbH, Hilti, Carboline Company, Akzo Nobel N.V., PPG Industries, Inc., Teknos Group, Kansai Paint Co.,ltd, Etex Group, Contego International Inc., Isolatek International, GCP, Envirograf Passive Fire Products., Arabian vermiculite industries, Albi Protective Coatings, No-Burn, Inc. and Bollom among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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