Dublin, April 18, 2022 (GLOBE NEWSWIRE) -- The "Passive Fire Protection Global Market Report 2022: By Product, Application, End-User, and Covering" report has been added to ResearchAndMarkets.com's offering.
The global passive fire protection market is expected to grow from $3.99 billion in 2021 to $4.42 billion in 2022 at a compound annual growth rate (CAGR) of 10.9%. The market is expected to reach $5.73 billion in 2026 at a CAGR of 6.7%.
The main types of products in passive fire protection are cementitious materials, intumescent coating, fireproofing cladding, and others. Cementitious materials have properties of cement, and are used to protect steel elements within a building's construction. The different applications include structural, compartmentation, opening protection, firestopping material and is used by various sectors such as oil and gas, construction, industrial, warehousing, and others.
North America was the largest region in the passive fire protection market in 2021. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Technological advancement is a key trend gaining popularity in the passive fire protection market. Major companies operating in the passive fire protection sector are focused on developing technological solutions for passive fire protection to strengthen their position. For instance, in November 2020, Honeywell, a US-based company that mainly operates in building technologies launched new suite of Connected Life Safety Services (CLSS), a cloud platform for fire safety systems. The platform is intended to help fire professionals avoid downtime, demonstrate compliance, and shorten the time it takes to design, install, commission, inspect, maintain, and report life safety equipment.
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 also protects the spread of fire.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider passive fire protection market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market
- The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth
- Market segmentations break down market into sub markets
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers
- The passive fire protection market section of the report gives context. It compares the passive fire protection market with other segments of the passive fire protection market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, passive fire protection indicators comparison
Report Scope
Markets Covered:
1) By Product: Cementitious Materials; Intumescent Coating; Fireproofing Cladding; Others
2) By Application: Structural; Compartmentation; Opening Protection; Firestopping material
3) By End-User: Oil And Gas; Construction; Industrial; Warehousing; Others
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments
Companies Mentioned
- 3M
- PPG Industries Inc.
- Sherwin-Williams
- Rotarex Firetec
- Specified Technologies Inc.
- Contego International Inc.
- Mercor Tecresa
- Lloyd Insulations (India) Limited
- Hempel A/S
- Rudolf Hensel GmbH
- Hilti
- Akzo Nobel N.V.
- No-Burn Inc.
- Promat
- Isolatek International
- Envirograf
- RPM International Inc.
- Albi Protective Coatings
For more information about this report visit https://www.researchandmarkets.com/r/83bcmd
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
