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Passive Fire Protection Market 2022-31 : Industry Analysis, Size, Share, Growth And Forecast | 3M, PPG Industries Inc., Sherwin-Williams, Rotarex Firetec, Specified Technologies Inc., Contego
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The global passive fire protection market report by the business research company identifies growing construction sector to be a major growth driver for the passive fire protection market. Construction is a sector that deals with the building, maintenance, and repair of structures and buildings, as well as the construction of roadways and service facilities. Fireproof materials are used in the construction sector for fire safety in the building as they are non-combustible with low thermal conductivity and take a long time for the fire to affect the structures, and also protects the spread of fire. For instance, according to Global Construction Perspectives and Oxford report, the worldwide construction sector is projected to reach $8 trillion by 2030. Therefore, the growing construction sector is expected to propel the growth of the passive fire protection market in the coming years.
The global passive fire protection market is expected to grow from $3.99 billion in 2021 to $4.42 billion in 2022 at a compound annual growth rate (CAGR) of 10.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting manyevery markets across the globe. The passive fire protection market is expected to reach $5.73 billion in 2026 at a CAGR of 6.7%.
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North America was the largest region in the passive fire protection market in 2021. The regions covered in the passive fire protection report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major players in the passive fire protection market are 3M, PPG Industries Inc., Sherwin-Williams, Rotarex Firetec, Specified Technologies Inc., Contego International Inc., Mercor Tecresa, Lloyd Insulations (India) Limited, Hempel A/S, Rudolf Hensel GmbH, Hilti, Akzo Nobel N.V., No-Burn Inc., Promat, Isolatek International, Envirograf, RPM International Inc., and Albi Protective Coatings .
The global passive fire protection market is segmented -
1) By Product: Cementitious Materials, Intumescent Coating, Fireproofing Cladding, Others
2) By Application: Structural, Compartmentation, Opening Protection, Firestopping material
3) By End-User: Oil And Gas, Construction, Industrial, Warehousing, Others
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The Passive Fire Protection Market Report Contents Include
1. Executive Summary
2. Passive Fire Protection Market Characteristics
3. Passive Fire Protection Market Trends And Strategies
4. Passive Fire Protection Market - Macro Economic Scenario
5. Passive Fire Protection Market Size And Growth
....
26. Africa Passive Fire Protection Market
27. Passive Fire Protection Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Passive Fire Protection Market
29. Passive Fire Protection Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the Passive Fire Protection market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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