Passive Fire Protection Market - Forecast(2023 - 2028)

Passive Fire Protection Market Overview

Passive Fire Protection Market size is forecast to reach US$5.1 billion by 2026, after growing at a CAGR of 4.5% during 2021-2026, due to the increasing usage of fire protection products from building & construction, oil & gas, healthcare, and other industries. Passive Fire Protection is built into the structure such as smoke dampers, walls, ceiling dampers, and others to provide stability and enhanced the ability of fire resistance. Passive fire protection such as fire doors, firewalls, smoke dampers, fire retardants active fire protection measures which do not require electric activation. It is also used to minimize damage and give occupants more time for emergency evacuation to buildings. Passive fire protection is bifurcated in cementitious and intumescent paints. Intumescent paint prevents the building's steel structure, withstands fire and from exceeding the critical temperature at which it may collapse. Hence, increasing demand from building and construction is estimated to grow the passive fire protection market size.

Impact of COVID-19

The tragedy of COVID-19, which is declared as a pandemic by the World Health Organization, is having a noticeable impact on global economic growth. However, due to the nationwide lockdown, the building and construction and oil & gas refinery plants were set at a pause in 2021. Also, an insufficient supply of fireproofing products owing to the supply chain disruptions decreased the consumption of passive fire protection products, which harmed the market growth.

Report Coverage

The report: “Passive Fire Protection Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the passive fire protection industry.

By Type: Cementitious, Intumescent Paint, Foam and Sealants, and Others
By End-Use Industry: Building and Construction {Commercial (Hospitals and Healthcare Infrastructure, Educational Institutes, Hotels and Restaurants, Financial Institutes, Hyper and Super Market, Shopping Malls, and Others­­­­), Residential (Row Houses, Apartments, Others), and Others}, Industrial, Oil & Gas, Furniture, and Others
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Spain, Netherlands, Russia, Belgium, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia & New Zealand, Indonesia, Taiwan, Malaysia, and Rest of Asia Pacific), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and RoW (Middle East and Africa)

Key Takeaways

• Asia Pacific dominates the global passive fire protection peracetic market owing to the increasing consumption of fire retardants for building steel structures in developing and emerging Asian countries.
• Growing demand for fire protection coatings such as intumescent paint in offshore & onshore pipelines and steel structures in building as they provide durability, thermal insulation, longer shelf-life, and provides corrosion protection is creating an opportunity for market growth.
• Globally, there is increasing adoption of passive fireproofing products as they are designed for smoke dampers which can be used to control the smoke migration in floors and the walls as barriers for creating pressure differences and driving the market size.

Figure: Asia Pacific Passive Fire Protection Market, 2021-2026 (US$ Billion)

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Passive Fire Protection Market Segment Analysis – By Type

Intumescent paint held the largest share of the global passive fire protection market in 2020. Intumescent paint provides a structural solution as an aesthetically pleasing fireproofing product. Intumescent paint is increasingly used for load-bearing structures such as structural steel which is widely required in the modern architectural design of both industrial and commercial buildings. Additionally, intumescent paint can be used on a variety of materials such as timbers, composite elements, and concrete. Thus, increasing demand for intumescent paint for structural application is estimated to grow the demand for passive fire protection.

Passive Fire Protection Market Segment Analysis – By End-Use Industry

Building and construction dominated the global passive fire protection market in 2020 and is growing at a CAGR of 4.7% during 2021-2026. Passive fire protection products which are employed for smoke dampers, fire retardants, and others are helping to limit the amount of fire damage to a building and provides its occupants more time for emergency evacuation. It is also used in suspended ceilings and to protect the structural frame of the building. Thus, increasing the building and construction with rising awareness regarding fire accidents is estimated to grow the demand for passive fire protection products. According to the US Census Bureau, building permits in the United States increased 0.3 percent to an adjusted annual rate of 1.76 million in April 2021 from 1.75 million in March 2021. Furthermore, according to the National Development and Reform Commission (NDRC), 14 construction investment projects were approved worth CNY177.8 billion (US$25.2 billion), following approvals of CNY68.9 billion (US$10.1 billion) in August 2020. Additionally, increasing commercial building construction is estimated to grow the consumption of fireproof products. According to the India Brand Equity Foundation (IBEF), the warehouse attracted private equity investments of US$ 971 million in 2020. Additionally, according to the U.S. Census Bureau, healthcare construction increased by US$ 47,113 million in January 2021 compared to US$ 46769 million in April 2020. Hence, rapidly increasing buildings are estimated to grow the demand for passive fire protection.

Passive Fire Protection Market Segment Analysis – By Geography

Asia Pacific dominated the global passive fire protection market with a high share of 30% in 2020 due to the rising population with growing demand for building, healthcare sectors, and oil refinery projects are estimated to grow the market size of passive fire protection. According to the Canadian Association of Petroleum Producers (CAPP), Capital investment in Alberta’s oil sands is expected to increase from $6.7 billion in 2020 to $7.3 billion in 2021. Furthermore, according to the Canadian Association of Petroleum Producers (CAPP), oil and gas companies will invest C$27.3 billion in 2021. Furthermore, passive fire protection includes smoke dampers, fire doors, fire retardants, intumescent paints, firewalls, and fire floors. Smoke dampers are used to prevent the spread of smoke throughout the building through its ductwork. Thus, increasing demand from buildings is estimated to grow the demand for smoke dampers which, in turn, is estimated to grow the demand for fireproofing products. According to China Electronic Information Industry Development (CCID), the country is expected to spend CNY10 trillion (US$1.4 trillion) on new infrastructure projects between FY20-FY25. Furthermore, according to the India Brand Equity Foundation (IBEF), the real estate sector of India will grow US$ 1 trillion by 2030 and Rs. 65,000 crore (US$ 9.30 billion) by 2040. Thus, rising building projects and investment activities in the oil sector are estimated to drive market growth.

Passive Fire Protection Market Drivers

Growing Demand from Pharmaceutical Sector

Rapidly growing end-use industries in the APAC region are estimated to grow the demand for fire protection. Passive fire protection includes smoke dampers, fire retardant coating, intumescent coatings, and others which are highly required from the building sector. Also, Hospitals commonly face challenges in regards to emergency evacuation, thus; It gives occupants more time for emergency evacuation to hospital buildings. Hence, the increasing pharmaceutical industry in Asian countries such as India and China is estimated to grow the demand for passive fire protection. According to healthcare information company IQVIA, the pharmaceutical sector of China was US$122.6 billion in 2017 and is forecast to reach US$175 billion by 2022. According to the India Brand Equity Foundation (IBEF), the healthcare market is expected to increase by Rs. 8.6 trillion (US$ 133.44 billion) by 2022 which is estimated to grow the passive fire protection market size.

Increasing Adoption of Intumescent Paint and Cementation Coatings

The increasing adoption of intumescent coatings owing to their anti-corrosive nature, superior weather resistance, excellent durability, and aesthetic appeal, makes them ideal for application in warehousing, construction, and oil and gas. Intumescent coatings require lower maintenance, provide longer shelf-life, and help the corrosion protection of steel structures in buildings. Additionally, cementitious materials are used to increase the fire safety of steel structures and prevent damages in manufacturing facilities. These fire protection materials are sprayed directly onto the contours of beams, columns, girders, and floors. Hence, intumescent paint and cementitious coatings can improve the fire resistance of structural steel which is estimated to grow the consumption of passive fire protection coatings.

Passive Fire Protection Market Challenges

Passive Fire Protection Material Poses a Health Risk

The common PFP material used varies from mineral-based (such as rock wool) to organic resin-based (intumescent coatings). However, rock wool is unfriendly to the environment as well as human health. Rock wool may contain a lot of dust and comes into direct contact with the eyes, nose, and lungs which may irritate the human organs. The rock wool fibers are thick and easily expel by the body that is the cause of lung disease and cancer which may limit the consumption of materials of passive fire protection.

Passive Fire Protection Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the passive fire protection market. Major players in the Passive Fire Protection Market include:

1. 3M
2. Sharpfibre Limited
3. Rudolf Hensel GmbH
4. Carboline Company
5. Isolatek International
6. Akzo Nobel N.V.
7. PPG Industries, Inc.
8. Teknos Group
9. Kansai Paint Co., Ltd.
10 Etex Group
11. HEMPEL A/S
12. Contego International Inc.
13. The Sherwin-Williams Company, and among others.

Acquisitions/Product/Technology Launches

• In September 2020, Etex Group announced the acquisition of FSi Limited, a British company that specialized in passive fire protection solutions. The solution allows Etex to strengthen its offering in passive fire protection, focus on fire stopping, and dry lining systems.
• In November 2019, Hempel announced a new product “Hempafire Optima 500”. It is specially designed to improve the productivity of passive fire protection coating applications.

Relevant Report

Fire Retardant Coatings Market - Forecast(2021 - 2026)

Report Code: CMR 99572

Fire Protection Materials Market - Forecast 2021 - 2026

Report Code: CMR 70556

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