Passive Fire Protection Market Size, Share & Trends Analysis Report By Product (Cementitious Materials, Intumescent Coatings, Fireproofing Cladding), By Application (Oil & Gas, Construction, Warehousing), By Region, And Segment Forecasts, 2024 - 2030

Passive Fire Protection Market Size & Trends

The global passive fire protection market size was estimated at USD 4.32 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2030. The market growth is anticipated to be driven by the growing importance of fire safety and increasing regulatory compliance in commercial buildings, industrial spaces, and the oil & gas sector. The increasing risk of fire outbreaks in oil & gas exploration and refinery facilities is expected to boost the growth of the passive fire protection market.

Passive fire protection systems are critical for mitigating the risk of fire hazards. The growth of the U.S. construction sector can be observed in the construction of offices & retail shops, healthcare & educational facilities, religious, public safety, and amusement & recreation centers, thereby driving the demand for passive fire protection products in residential, commercial, and industrial buildings in the country.

The rising consumer awareness regarding fire safety and growing demand for fire-safe buildings have led to increased investments in the market from the construction sector. The construction sector thus accounted for a significant passive fire protection market share. Most economies emphasize on improving the passive fire safety aspects of existing and upcoming infrastructure, owing to rising fire accidents and loss of life and assets.

Large-scale infrastructure developments and rapid growth of the construction sector in developing economies such as China, India, and Indonesia are expected to facilitate a favorable market scenario over the forecast period. Furthermore, the increased use of cementitious materials in increasing the fire safety of steel structures, thus preventing damages in manufacturing facilities, is expected to be a key factor contributing to market growth. The product’s ability to aid acoustic insulation is expected to propel the market growth over the forecast period.

Market Concentration & Characteristics

The market growth stage is medium, and the pace of market growth is accelerating. The market is characterized by a high degree of innovation, which is attributable to the rapid technological advancements. Moreover, market players are adopting organic and inorganic growth strategies, such as product launches, geographical expansions, mergers & acquisitions, and collaborations, to strengthen their position in the global market.

The degree of innovation in the passive fire protection market has experienced a notable upswing in recent years. Manufacturers are increasingly integrating advanced technologies and formulations to meet the evolving demands of consumers seeking personalized and sustainable products. This shift is evident in the adoption of cutting-edge passive fire protection products, reflecting a growing emphasis on eco-friendly alternatives.

The passive fire protection market is also characterized by a high level of merger and acquisition (M&A) activity by the leading players, aided by factors such as enhancing the availability of their products and services in diverse geographical areas and increasing their product reach. Key market players adopting this inorganic growth strategy include Lloyd Insulations (India) Limited; Illbruck; Sharpfibre Limited; Hempel A/S; Rudolf Hensel GmbH; HILTI; and Carboline.

Regulations play a pivotal role in shaping the landscape of the passive fire protection market, influencing both its dynamics and evolution. Manufacturers are further encouraged to develop new products that meet or exceed compliance requirements due to the stringent safety and environmental regulations in place. As the global regulatory landscape continues e, market participants must navigate and adapt to these compliance standards, fostering a continuous cycle of innovation and improvement within the industry.

A potential substitute for passive fire protection includes the use of advanced fire-resistant coatings and intumescent materials, which provide a protective barrier that expands when exposed to high temperatures, forming an insulating layer to slow down the spread of fire and protect structural elements. Intumescent paints, for instance, can be applied to surfaces like steel structures and wood, providing a fire-resistant coating that swells when heated. In addition, fire-resistant boards and panels made from mineral fibers or gypsum can act as substitutes, offering enhanced fire resistance for walls and ceilings. While these alternatives may not replicate all aspects of passive fire protection, they are effective in delaying fire progression, thus minimizing damage in various building applications.

The end-user concentration in the passive fire protection market is notably diversified across various sectors, with a focus on industries where stringent fire safety regulations and the protection of assets are paramount. The construction sector stands out as a major end-user, along with oil and gas, petrochemicals, and power generation. Infrastructure projects also contribute to the demand for passive fire protection solutions. While end-user concentration varies across industries, their shared interest in mitigating fire risks and adhering to safety standards positions passive fire protection as a crucial element in diverse sectors worldwide.

Type Insights

The cementitious materials product segment dominated the global passive fire protection market in 2023 with a 42.1% market share. Cementitious materials are extensively used in multiple industries, including manufacturing, oil & gas, and construction. This increased scope of application is attributed to the growing use of steel in structure fabrication and the stringent fire safety norms to make the facilities fire-safe.

According to the National Fire Protection Association (NFPA), fire incidents at residential structures rose by 6.0% in the U.S. from 2021 to 2022. The rise in residential fires and property loss was significant. Consequently, the rising fire incidents are expected to impact the demand for intumescent coatings positively.

Application Insights

The construction application segment led the market with a revenue share of over 30% in 2023. The global construction industry is expected grow significantly over the forecast period, owing to rising urbanization, infrastructure renewal, and globalization. In addition, the growing need to build megacities is expected to drive the growth of the construction industry over the forecast period, consequent to consumers’ rapid shift seen in emerging economies such as China, India, South Africa, and Brazil.

Increasing investments by oil & gas companies in exploration and production activities, leading to heightened demand for intumescent coatings in the oil & gas industry, are expected to drive market growth over the forecast period. In addition, the growing use of intumescent coatings caused by capacity expansion projects and new refining capacities in regions including the MEA, Asia Pacific, and North America are expected to drive market growth over the forecast period.

Regional Insights

Asia Pacific led the market and accounted for 38.4% of the global revenue share in 2023, owing to rising demand for the product from end-use industries, including construction, oil & gas, and warehousing, particularly in China, India, and other ASEAN countries. This region has a large, growing population and needs housing, education, healthcare facilities, and essential infrastructure.

The growing emphasis by government and regulatory bodies in North America to improve buildings’ overall fire safety standards, coupled with consumers’ heightened spending capability, is driving the market growth. According to the December 2023 report published by Statistics Canada, household construction projects worth USD 8.26 billion were completed in the country in September 2023.

Canada Passive Fire Protection Market

The passive fire protection market in Canada is expected to be driven by the strong surge in demand for multi-family housing as compared to single-family housing. In residential and commercial buildings, the passive fire protection system is used to slow down the spread of fire, thereby improving the safety rating of the building. Hence, the demand for passive fire protection systems is likely to grow in proportion to construction sector’s growth over the forecast period.

Germany Passive Fire Protection Market

The passive fire protection market in Germany is expected to witness growth in the coming years as a result of the rising demand for automotive manufacturing. With the increase in production, the requirement for passive fire protection systems in the form of high-temperature insulating materials that cover critical areas at risk for fire incidents in automobiles is rising. Increasing penetration of passive fire safety products in the industrial and automotive sectors is expected to augment the market growth in the country over the forecast period.

China Passive Fire Protection Market

The passive fire protection market in China is expected to propel due to the increased focus on onshore production. The industrial sector in China is expected to witness a steady growth rate, owing to the adoption of various business strategies, such as indigenous manufacturing and the use of foreign technology. As passive fire protection systems are critical in ensuring asset and production facility safety, growth in the oil & gas industry is likely to propel the demand for passive fire protection systems.

Brazil Passive Fire Protection Market

The passive fire protection market in Brazil is expected to propel owing to the rising government investments to improve the overall infrastructural fire safety standards across the country. The growing demand for small-scale housing projects, a result of the population’s migration to urban centers, is expected to drive the growth of the construction industry in Brazil, thereby augmenting the demand for passive fire protection products in the country.

Saudi Arabia Passive Fire Protection Market

The passive fire protection market in Saudi Arabia is distinguished by the government’s emphasis on constructing public places such as airports, hospitals, and universities. This has heightened the demand for the market in Saudi Arabia.

Key Passive Fire Protection Market Company Insights

The market has been characterized by the presence of a wide array of large- and small-scale manufacturers. Thus, the competition in the market is concentrated, intense, and characterized by the demand for advanced and reliable fire protection systems. Strategies adopted by market players usually include product portfolio expansions, product development, and distribution network expansion.

Recent Developments

• In December 2023, Hempel A/S launched an intumescent coating estimation software, HEET Dynamic. The software is designed to estimate intumescent coating on steel selections and assists engineers and estimators in quick and easy calculations of volume and thickness.

• In February 2023, PPG Industries, Inc. launched an epoxy intumescent fire protection coating, PPG STEELGUARD 951, developed to fulfill modern architectural steel demands, offering up to three hours of cellulosic fire protection. In the case of fire incidents, the coating expands from a lightweight, thin film to a foam-like thick layer that protects the steel and maintains its structural integrity.

Passive Fire Protection Market Report Scope

Global Passive Fire Protection Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global passive fire protection market report based on product, application, and region.

• Product Outlook (Revenue, USD Million; 2018 - 2030)

  • Cementitious Materials

  • Intumescent Coating

  • Fireproofing Cladding

  • Others

• Application Outlook (Revenue, USD Million; 2018 - 2030)

  • Oil & Gas

  • Construction

  • Industrial

  • Warehousing

  • Others

• Regional Outlook (Revenue, USD Million; 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • France

    • Germany

    • Italy

    • Russia

    • Spain

    • UK

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Thailand

    • Malaysia

  • Central & South America

    • Brazil

    • Argentina

  • Middle East & Africa

    • Saudi Arabia

    • UAE