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

Research Methodology

A three-pronged approach was followed for deducing the passive fire protection market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for passive fire protection market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of passive fire protection market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Passive Fire Protection Market Categorization:

The passive fire protection market was categorized into four segments, namely product (Cementitious Materials, Intumescent Coating, Fireproofing Cladding), application (Oil & Gas, Construction, Industrial, Warehousing), and regions (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).

Segment Market Methodology:

The passive fire protection market was segmented into product, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The passive fire protection market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into nineteen countries, namely, the U.S.; Canada; Mexico; France; Germany; Italy; Russia; Spain; UK.; China; India; Japan; South Korea; Thailand; Malaysia; Argentina; Brazil; Saudi Arabia; UAE

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Passive fire protection market companies & financials:

The passive fire protection market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• Lloyd Insulations (India) Limited The company is focused on the supply, contract, and manufacturing of refractory, insulation, pre-insulated sandwich panels, metallic profiled sheets, mechanical erection works, fire-proofing, and pre-engineered buildings. Services offered by the company include thermal insulation, pre-engineered buildings, acoustics, metal roofing & wall claddings, turnkey cold storage or controlled atmosphere systems, pre-insulated sandwich panels, telecom shelters or pre-fabricated enclosures, electrical heat tracing, and waterproofing. In addition, auxiliary services provided by the company include active & passive fire protection, acoustic enclosures, and other mechanical services. The company offers a variety of passive fire protection solutions including cable fire protection systems, bus-duct fire stop barrier systems, fire doors, hydrocarbon vessel & structure fire protection, and fire enclosures for actuators of remotely operated motor valves. It has manufacturing facilities in Madhya Pradesh, Himachal Pradesh, Maharashtra, and Jharkhand. The company has provided services to various industries such as oil refineries, petrochemicals, oil & gas, ceramics, metallurgical, textiles, food processing, marine engineering, power generation, and transportation. Its significant clientele includes Hindustan Petroleum Corporation Limited, Rashtriya Chemicals & Fertilizers Ltd.; Asian Paints Limited, Reliance Industries Limited; Bharat Electronics Ltd.; Bharat Petroleum Corporation Limited; L&T; and BHEL.

• RPM International Inc. RPM International Inc. along with its subsidiaries is a manufacturer of coatings, specialty chemicals, and sealants that are used primarily for maintenance and improvement applications. The company operates through four operating segments, namely Construction Products Group, Specialty Products Group, Performance Coatings Group, and Consumer Group. The company offers passive fire protection solutions through its brands Nullifire and Carboline. Nullifire, founded in 1973, is engaged in the production and marketing of intumescent and fire-stopping coatings for protecting construction movement joints, steel structures, timber surfaces, and surface penetrations. In addition, it is involved in the production of a wide range of fire-stopping solutions such as sealants & movement gap seals, large cavity barriers, pipe & cable penetration closing, and linear movement & building gap seals. On June 1, 2020, RPM International Inc. launched the Construction Products Group (CPG) Europe, which is an umbrella for its construction product brands such as Nullifire, illbruck, Tremco, Flowcrete, Dryvit, and Vandex. Nullifire operates as a brand under CPG Europe.

• Daussan Group Daussan Group is a manufacturer of high-temperature products and accessories for various industrial applications. It offers its products through three segments, namely refractories, engineering & services, and insulation & fire protection. Through the refractories segment, products offered include refractory concretes, sprayed and molded wear linings & boards, gunning products, pipe & pouring accessories, refractory insulating sleeves, ramming masses, taphole clays, and refractory mortars & glues. The company engineers, designs, and manufactures spray application machines, dryer cover systems, jet protection pipe manipulators, and custom drying systems, which are offered through the engineering & services segment. Moreover, it provides an industrial drying service that is ideal for all types of refractory installation. The insulation & fire protection segment offers fire protection coatings, coatings for acoustic & thermal insulation, and primers & finishes. The company manufactures products through its production companies located in France, Turkey, and Italy.

• 3M 3M, formerly known as the Minnesota Mining and Manufacturing Company, was incorporated in 1902 and is headquartered in Minnesota, U.S. The company is publicly traded on the New York Stock Exchange with the ticker code MMM. Its products are distributed globally through an extensive distribution network comprising direct and third-party supply channels such as retailers, wholesalers, dealers, distributors, and jobbers. It has been operating through four business groups, namely Safety & Industrial, Healthcare, Consumer, and Transportation & Electronics. Safety & Industrial business group comprises abrasives, adhesives & tapes, closure & masking systems, personal safety, roofing granules, and automotive aftermarket, which primarily cater to electrical, industrial, and safety markets. Healthcare business group caters to the healthcare industry and includes surgical & medical supplies, food safety products, separation, purification sciences, oral care, drug delivery systems, and health information systems. The consumer business group comprises home care, home improvement, consumer healthcare, and stationery & office supplies. The transportation & electronics business segment includes advanced materials, automotive and aerospace, electronics, transportation safety, and commercial solutions and caters to transportation and electronic OEMs. 3M offers a wide range of firestop products, including sealants, tapes, foams, construction joint sprays, sound & smoke tapes, fire barrier pillows, and flexible wraps. The technology-driven company hugely invests in research & development activities to develop new products.

• Hempel A/S The company is engaged in manufacturing a diversified range of paints and coatings. It offers its products through six segments, namely protective, marine, industrial, decorative, container, and yacht. Intumescent coatings are manufactured through the protective business segment. The company caters to a wide range of industries including oil & gas, marine, thermal power, infrastructure, wind, yacht, and decorative. It offers its products under several brands such as Hempacore, Hempafire, Hempaprime, Hempatop, Hempadur, Galvosil, Hempathane, Hempalin, Hempaline, Hemudur, Hempaxane, Hemucryl, Quattro XO, Neogard, Oceanic+, Avantguard, Dynamic, Globic, and Versiline CUI. Its fire protective coatings are marketed under its brands Hempacore and Hempafire.

• The Sherwin-Williams Company It is engaged in the manufacturing and marketing of paints, coatings, finishes, applicators, and varnishes. The company offers a diversified range of products through its segments, namely The Americas Group, Consumer Brands Group, and Performance Coatings Group. Some of the products offered through Americas Group include paints, stains, applicators, aerosols, varnishes, chalks, protective & marine coatings, spray equipment, and associated products. This segment primarily caters to the U.S., Canada, the Caribbean, and Latin American markets. Consumer Brands Group segment offers private-label, branded, and licensed brand paints, varnishes, stains, industrial products, wood preservatives, wood finishing products, corrosion inhibitors, applicators, caulks, adhesives, and related products. These products are sold through a network of retailers across North America, parts of Europe, Australia, China, and New Zealand. Performance Coatings Group segment offers a broad range of coatings and finishing solutions to its protective & marine, general industrial, automotive, and packaging customers across 120 countries.

• Rudolf Hensel GmbH The company is engaged in the production of paints, coatings, and varnishes. It manufactures a wide range of products, such as ablative and intumescent coatings, for application on surfaces, including steel, concrete, wood, cables, and material systems, to protect them from fire. In addition, the products aid in the construction of ceiling penetration seals, fire-resistant joints, and walls. The company manufactures intumescent coatings in its manufacturing facility located in Bornsen, Germany, and primarily caters to the European market. Fire-protection systems offered by the company, include HENSOMASTIK and HENSOTHERM product lines, which are used for safeguarding assets, protecting human life, and harmonizing architectural aspects and technical safety.

• Hilti The company is engaged in the production and marketing of drilling, fastening, and mounting equipment. In addition, it manufactures demolition and drilling tools, diamond coring & cutting tools, façade systems, measuring systems, modular support systems, construction chemicals, and anchoring & positioning systems. The company provides fire-stopping and passive fire protection solutions including fire-stop foams, sealants, sprays, fire-stop mortars, coatings, cushions, wraps, collars, and bandages. It serves various industries including mining, oil & gas, refineries, petrochemicals, construction & civil engineering, marine engineering, power, and electronics & telecommunication. The company has manufacturing facilities and R&D centers in Europe, North America, and Asia, with its sales and distribution network spread over 120 countries across the globe.

• Etex Group The company specializes in the production and distribution of a wide array of building materials. It operates through four major business divisions including building performance, exteriors, residential roofing, and industry. Products such as dry construction solutions, fiber cement boards, plasterboards, plasters & formulated products, and passive fire protection products are offered through its building performance segment. The exteriors segment provides various aesthetic fiber cement exterior solutions suitable for use in residential, agriculture, and architectural exteriors. The residential roofing segment offers an array of roofing components and concrete and clay tiles. The industry segment provides high-performance insulation materials and fire protection products for industrial and construction applications. The company markets its products under several brands including Siniat, Promat, Gyplac, Durlock, Cedral, Eternit, Creaton, Equitone, Microtherm, and Kalsi.

• Morgan Advanced Materials It is listed on the London Stock Exchange with the ticker code MGAM. The company is involved in the engineering of several products such as composites, ceramics, carbon, and advanced materials. Its business segments include electrical carbon, seals & bearings, thermal ceramics, technical ceramics, braze alloys, specialty graphite, and molten metal systems. The company provides products and solutions to numerous markets including industrial, security, energy, electronics & semiconductors, transportation, petrochemicals, and healthcare. Fire safety products offered by the company are suitable for use in industries such as chemical & petrochemical, building & tunnel construction, and shipbuilding.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Passive Fire Protection Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 - 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Passive Fire Protection Market Report Assumptions:

• The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.