Press release
Passive Fire Protection Materials Market- Opportunities in Key Application Sectors by 2024
Strong demand for hydrocarbon based intumescent coatings from oil & gas industry will propel passive fire protection materials market size during the forecast timespan. These materials are extensively preferred across various end-user industries including construction, oil & gas, warehousing, manufacturing, etc. owing to its exceptional properties to tackle situations in case of fire emergency.For instance, intumescent coatings are highly preferred in oil & gas sector due to high risk environment which is mainly due to presence of highly flammable compounds which will help in making significant gains to passive fire protection materials market size by 2024.
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Rapidly rising exploration activities in North America which is due to abundance of shale oil/gas reserves is probable to be a major factor which will help augment passive fire protection materials market size by 2024. For instance, as per the Energy Information Administration (EIA), the U.S. has approximately 200 trillion cubic feet (tcf) of proved shale gas resources.
Unstable prices for raw materials which are widely used in making passive fire proofing materials is probable to hinder the passive fire protection materials market size by 2024. Furthermore, persistent need to enhance safety standards across various industries such as manufacturing, oil & gas, warehousing, automotive, aerospace, etc. will drive the overall passive fire protection materials market size by 2024.
Passive fire protective sealants market size is anticipated to rise at a CAGR of over 8% by 2024. These materials are widely applicable for firestop in walls, floors, curtain wall joints, and in linear joints between walls and floors. They expand within the joints to provide fire & vapor sealed environment and are highly preferred in maintaining safety standards across various industries such as oil & gas, warehousing, manufacturing, construction, etc. and henceforth is probable to make substantial impact on passive fire protection materials market size by 2024.
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Based on the end-users, building & construction segment for passive fire protection materials market is projected to grow with CAGR of about 8.5% by 2024. This is attributed to strong persistence by regional regulatory bodies primarily in emerging economies to enhance safety standards in residential & commercial buildings.
Major passive fire protection materials market share contributors are Sharpfibre, Kansai Paint, Lloyd Insulations, 3M, Rudolf Hensel, Nullifire, Teknos, Akzo Nobel, Promat International, PPG Industries, Sherwin-Williams and Hempel. Most of the companies are making significant investment in Ntheir R&D facilities to develop advanced materials and attain competitive advantage in the market. For instance, Jotun has initiated to set up a new R&D center which will cost over USD 6 million at its site in Flixborough, United Kingdom.
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Chapter 2. Executive Summary
2.1. Passive fire protection materials industry 360° synopsis, 2013 – 2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. End-user trends
2.1.4. Regional trends
Chapter 3. Passive Fire Protection Materials Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Profit margin
3.3.2. Value addition
3.3.3. Distributor channel analysis
3.3.4. Vendor matrix
3.3.4.1. List of key manufacturers/suppliers
3.3.4.2. List of key/potential customers
3.4. Raw material trends
3.5. Technology landscape
3.6. Industry impact forces
3.6.1. Growth drivers
3.6.1.1. Global drivers
3.6.1.1.1. Strong growth in automotive & aerospace industry
3.6.1.1.2. Rising fire safety standards due to stringent regulations
3.6.1.2. Regional drivers
3.6.1.2.1. Rapidly growing building & construction industry in Asia Pacific
3.6.1.2.2. Rising oil & gas exploration activities in North America
3.6.2. Industry pitfalls & challenges
3.6.2.1. Volatile raw material cost may hinder the market growth
3.7. Regulatory trends
3.7.1. U.S.
3.7.2. Europe
3.7.3. China
3.8. Growth potential analysis
3.9. Competitive landscape
3.9.1. Company market share, 2016
3.9.2. Strategy dashboard
3.9.3. Patent analysis
3.10. Porter’s analysis
3.10.1. Supplier power
3.10.2. Buyer power
3.10.3. Threat of new entrants
3.10.4. Threat of substitutes
3.10.5. Industry rivalry
3.11. Regional price trends
3.11.1. Cost structure analysis
3.11.1.1. R&D cost
3.11.1.2. Manufacturing & equipment cost
3.11.1.3. Raw material cost
3.11.1.4. Distribution cost
3.11.1.5. Operating cost
3.11.1.6. Miscellaneous cost
3.11.2. Price by product
3.12. PESTEL analysis
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Global Market Insights, Inc.
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