The Global Market for Passive Fire Protection Materials is Projected to Reach US$26.8 Billion by 2020

Increasing Incidents of Fire Drives Demand for Passive Fire Protection Materials, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size, and demand forecasts on the global Passive Fire Protection Materials market. The global market for Passive Fire Protection Materials is projected to reach US$26.8 billion by 2020, driven by the growing number of fire accidents, increasing regulations on fire safety, development of novel products, and recovery in the construction industry. 

The number of fire accidents along with related loss of property and life continues to rise worldwide, resulting in growing stringency in regulations related to fire safety. As a result, fire protection and safety measures are increasingly becoming a crucial part of building disaster management and recovery protocol. The scenario is driving demand for various fire management products and services. Passive fire protection entails use of materials that prevent the structure of a building from collapsing by containing the spread of fire. Passive fire protection materials (PFP) augment the strength of buildings and other complex structures by providing various material characteristics such as insulation, integrity and stability. PFP products such as fire-resistant doors, floors and walls protect load bearing beams and columns from crumbling prematurely in the event of a fire breakout. The growing emphasis on fire prevention is driving demand for passive fire protection materials. Benefits of PFP materials such as easy maintenance, effective safeguarding of valuable assets and ability to enable speedy recovery of business continuity are driving their adoption in the construction industry.

Although the construction industry is a major market for PFP materials, several other end-use markets such as oil & gas, and electronics are also growing in significance. Increasing awareness over safety, recovery in the construction industry and need among businesses to eliminate losses caused by fire, are driving demand for PFP materials. The market is predicted to receive a major boost from the new implementation of legislated policies, worldwide, that mandate the use of effective passive fire protection materials in residential and commercial buildings. Non-reactive PFP materials such as sprays and boards, reactive PFP materials such as thin film intumescent coatings represent the most commonly used PFP materials to protect steel structures from fire.

Intumescent thin-film coatings received significant attention worldwide over the past decade, fast replacing conventional techniques such as concrete filling, boards and sprays. Water-based intumescent coatings have been rapidly displacing solvent-based intumescent coatings for the protection of structural steel across various industries over the years. These coatings are at present extensively used by contractors, architects, building owners and engineers for fireproofing steel. Innovation in PFP materials is expected to drive future growth in the market. Novel materials are being explored for use in various applications, which are expected to boost the performance of PFP materials in fire protection. One such material is epoxy intumescent, which was initially developed for the safety of oil rigs in tough environments where it proved to be capable of resisting chemical attacks, corrosion, abrasion and fire.

As stated by the new market research report on Passive Fire Protection Materials, the United States represents the largest regional market, worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 15.3% over the analysis period.

Major players covered in the report include 3M Company, AkzoNobel N.V., BASF Coatings GmbH, C H Materials Ltd., Contego International, Inc., Ducab HV, AEI Cables Ltd., Dunamenti Tűzvédelem Zrt., Hempel A S, Nippon Paint Co., Ltd., No-Burn, Inc., Pilkington Group Limited, PPG Industries, Inc., Promat UK Limited, Rockwool Limited, Svt Holding GmbH, The Sherwin-Williams Company and tremco illbruck Group GmbH among others.

The research report titled “Passive Fire Protection Materials: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in US$ for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific), Middle East and Latin America.

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