Passive Fire Protection Market Growth Outlook Through 2024-2033

Overview and Scope
The passive fire protection includes fire protection products that are integrated into the building structure for stability, as well as into the walls and floors to divide the building into manageable risk compartments. Passive fire prevention is a part of any fire safety system that prevents a fire from spreading by protecting firefighters and allowing inhabitants to flee.

Sizing and Forecast
The passive fire protection market size has grown strongly in recent years. It will grow from $4.77 billion in 2023 to $5.14 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to focus on energy efficiency, rise in construction activities, increased awareness of fire safety, high-rise construction, supply chain visibility.

The passive fire protection market size is expected to see strong growth in the next few years. It will grow to $6.93 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to continued stringent regulations, growth in construction projects, rising awareness of fire safety, innovations in material science, expansion of urban spaces. Major trends in the forecast period include post-fire investigation awareness, globalization and market expansion, energy efficiency and sustainability, insurance industry influence, urbanization and high-rise buildings.

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Segmentation & Regional Insights
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

North America was the largest region in the passive fire protection market in 2023. 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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Major Driver Impacting Market Growth
The growing construction sector is driving the growth of 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 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.

Key Industry Players

Major companies operating in the passive fire protection market report are Tata Projects Limited, BASF SE, 3M Company, Larsen & Toubro Limited, PPG Industries Inc., Akzo Nobel N.V., Sika AG, Webuild S.p.A., RPM International Inc., StanChem Inc., Etex Building Performance Ltd., Salini Impregilo S.p.A., Jotun AS, Tremco Incorporated, GMR Infrastructure Ltd., Rotarex S.A., Mercor SA, Lloyd Insulations Limited, Specified Technologies Inc., Safety Technology International Inc., Scaletron Industries Ltd., Envirograf Products Limited, Clean Air Company, Daussan SAS, No-Burn Inc., Master Fire Prevention Systems Inc., Floyd Bell Inc., SC Fastening Systems LLC, Contego International Inc., Acoustical Surfaces Pvt Ltd.

The passive fire protection market report table of contents includes:

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. Global Passive Fire Protection Market Size and Growth
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31. Passive Fire Protection Market Other Major And Innovative Companies
32. Global Passive Fire Protection Market Competitive Benchmarking
33. Global Passive Fire Protection Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Passive Fire Protection Market
35. Passive Fire Protection Market Future Outlook and Potential Analysis
36.Appendix

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