Press release
Passive Fire Protection Market on Path to Hit $7.42 Billion by 2029 at 8.2% CAGR
Passive Fire Protection Market
Passive Fire Protection Market Outlook: What Size And CAGR Are Anticipated By 2025?
In recent times, the passive fire protection market has robustly expanded in size. The market will see an increase from $5.1 billion in 2024 to $5.41 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%. The significant growth during the historical period can be credited to factors such as concentration on energy efficiency, an upsurge in construction activities, a heightened understanding of fire safety, multi-story construction, and supply chain transparency.
What Is the Expected CAGR for the Passive Fire Protection Market Growth Through 2029?
In the upcoming years, we can anticipate a significant expansion in the size of the passive fire protection market. It is forecasted to reach a value of $7.42 billion in 2029, progressing at a compound annual growth rate (CAGR) of 8.2%. This projected growth during the forecast period can be linked to the enforcement of strict regulations, an increase in construction activities, heightened consciousness about fire safety, advancements in material science and urban space expansions. Key trends anticipated during this period encompass an increased awareness of post-fire investigations, market broadening and globalisation, a focus on energy efficiency and sustainability, impact from the insurance sector, and the rise of urbanisation and high-rise buildings.
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What Are the Primary Drivers Behind Passive Fire Protection Market Growth?
Escalation in the construction industry is majorly contributing to the expansion of the passive fire protection market. The industry of construction involves the erec*tio*n, upkeep, and renovation of structures and buildings, not to forget the creation of roads and service amenities. In order to avert the spread of fire, fire-resistant materials are employed in the industry. These materials are non-flammable with limited thermal conductivity and it requires a considerable period for fire to harm the structures they are used in. For example, a report from Global Construction Perspectives and Oxford anticipates that the global construction sector will hit a mark of $8 trillion by 2030. Consequently, the rising construction industry is predicted to spur the expansion of the passive fire protection market in forthcoming years.
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What Are the Key Segments Driving Passive Fire Protection Market Growth?
The passive fire protection market covered in this report is segmented -
1) By Product: Cementitious Materials, Intumescent Coating, Fireproofing Cladding, Other Products
2) By Application: Structural, Compartmentation, Opening Protection, Firestopping Material
3) By End-User: Oil And Gas, Construction, Industrial, Warehousing, Other End-Users
Subsegments:
1) By Cementitious Materials: Lightweight Cementitious Coatings, Dense Cementitious Coatings, Gypsum-Based Fireproofing
2) By Intumescent Coating: Thin-Film Intumescent Coatings, Thick-Film Intumescent Coatings
3) By Fireproofing Cladding: Fire-Resistant Boards, Fireproof Panels, Insulated Wall Claddings
4) By Other Products: Fire Dampers, Fire-resistant Sealants, Fireproof Doors
What Are the Technological Trends Impacting the Passive Fire Protection Market?
Key businesses in the passive fire protection market are pushing forward with new product development like passive fire protection (PFP) coatings, aimed at expanding their customer reach, boosting sales, and raising revenue levels. Passive fire protection (PFP) coating is a specific form of coating or treatment used on surfaces, structures, or materials in buildings or industrial premises to improve their resistance to fire. In June 2022, for example, Hempel A/S, a coating producer based in Denmark, introduced the Hempafire XTR 100. With its UL 1709 certification and designed as a lightweight coating with minimal dry film thickness, the Hempafire XTR 100 provides exceptional hydrocarbon passive fire protection. It offers clients significant safety benefits and project efficiencies. As an epoxy intumescent coating, the Hempafire XTR 100 effectively safeguards steel structures in the event of hydrocarbon pool fires, maintaining the steel's load-bearing capability for up to four hours. This protracted fire resistance facilitates the safe evacuation of personnel, asset, and equipment protection. It even aids firefighting operations. The Hempafire XTR 100, specifically designed for the oil and gas sector, including downstream refining and petrochemical plants, emerges as a customized solution optimised for performance in high-stress settings.
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Who Are the Major Competitors in the Global Passive Fire Protection Market?
Major companies operating in the passive fire protection market include 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., Jotun AS, Tremco Incorporated, Mercor SA, Lloyd Insulations Limited, Specified Technologies Inc., Safety Technology International Inc., Envirograf Products Limited, Daussan SAS, No-Burn Inc., Master Fire Prevention Systems Inc., Floyd Bell Inc., Contego International Inc., Acoustical Surfaces Pvt Ltd.
Which Region Dominates the Passive Fire Protection Market Share in 2025?
North America was the largest region in the passive fire protection market in 2024. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the passive fire protection market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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