Press release
Global Passive Fire Protection Market: Size, CAGR, Key Drivers, and Trends
Passive Fire Protection Market Size
What Is The Projected Market Size Of The Global Passive Fire Protection Market And Its Growth Rate?
• The global market size for passive fire protection was $5.1 billion in 2024, and it is projected to grow to $5.48 billion in 2025, at a compound annual growth rate (CAGR) of 7.4%.
• The surge in market size can be attributed to the focus on energy efficiency, rise in construction activities, increased awareness of fire safety, high-rise construction, and supply chain visibility.
• The market is set for strong growth in the next few years, reaching $7.6 billion in 2029 at a CAGR of 8.5%.
• This future growth can be attributed to stringent regulations, growth in construction projects, rising awareness of fire safety, innovations in material science, and expansion of urban spaces.
What Is Driving The Growth In The Passive Fire Protection Market?
Growth in the construction sector is proving to be a major driver for the global passive fire protection market. The sector, which involves building, maintenance, and repair of structures and buildings - in addition to construction of roadways and service facilities, extensively uses fireproof materials for ensuring fire safety. The growing construction sector, which is projected to reach $8 trillion by 2030 as per the Global Construction Perspectives and Oxford report, is therefore collectively propelling the growth of the passive fire protection market.
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Who Are the Key Players Driving Passive Fire Protection Market Growth?
Some of the major companies operating in the passive fire protection market are:
• Tata Projects Limited
• BASF SE
• 3M Company
• Larsen & Toubro Limited
• PPG Industries Inc.
• Akzo Nobel N.V.
• Sika AG
• RPM International Inc.
• StanChem Inc.
• Etex Building Performance Ltd.
What Are The Key Trends In The Passive Fire Protection Market?
Significant trends in the passive fire protection market include:
• Increased awareness of post-fire investigations
• Globalization and market expansion
• Focus on energy efficiency and sustainability
• Influence of the insurance industry
• Urbanization leading to a rise in high-rise buildings
What Are The Segments Of The Global Passive Fire Protection Market?
The global passive fire protection market is segmented by:
1) Product: Cementitious Materials, Intumescent Coating, Fireproofing Cladding, Other Products
2) Application: Structural, Compartmentation, Opening Protection, Firestopping Material
3) End-User: Oil And Gas, Construction, Industrial, Warehousing, Other End-Users
Which Region Leads The Passive Fire Protection Market?
In 2024, North America was the largest region in the passive fire protection market. The fastest-growing region in the future is expected to be Asia-Pacific. Other regions covered in the report include Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Passive Fire Protection Global Market Report?
- Market Size Analysis: Analyze the Passive Fire Protection Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Passive Fire Protection Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Passive Fire Protection Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Passive Fire Protection Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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