Pune, India, Aug. 23, 2022 (GLOBE NEWSWIRE) -- According to MarketStudyReport, that global passive fire proofing system market is estimated to gain steady momentum during 2021-2027, thus garnering impressive revenues in the coming years.
The document furnishes the market share and growth rate forecast for each segment that is assisting in augmenting wealth creation in the industry. It mentions the regions that are amplifying profits during the analysis period as well as the companies that are employing impactful strategies to create a strong competitive environment during the review period.
The growth of market can be accredited to the flourishing construction sector and subsequent demand for innovative devices to prevent fire hazards, focus on developing premium quality & reliable fire protection infrastructure, and surging fire incidences across the world.
Notably, fire proofing systems are important to keep the buildings and occupants safe from the accidents.
Moreover, governments are providing financial assistance to firms that are engaged in developing fireproofing solutions for the public infrastructure, which is further accelerating industry development.
Regional Analysis:
North America:
North America passive fire proofing system market is slated to reach a valuation of USD 9 billion by the end of forecast period, owing to the soaring adoption of active & passive systems across residential and institutional sectors. Besides, since the installation cost is high, hence, surging income level and rapid urbanization are further aiding the product uptake. North America passive fire proofing system industry outlook will continue to be progressive as leading organizations, including Saint-Gobain S.A., Assa Abloy AB, UK Performance Doorsets Ltd., Chase Industries, Inc., Mesker Openings Group, and Halton Group, among many others are involved in the production of passive fire proofing systems for residential, institutional, and commercial end-users.
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Asia Pacific:
Asia Pacific passive fire proofing system market is expected to reach 6.5 billion by the end of review period. A majority of real estate developers are emphasizing on incorporating fire proofing systems in blueprints to ensure the safety of residential & commercial clients. China market is slated to cross USD 3 billion during the assessment period, due to flourishing construction and industrial sectors. The compartmentalization application will hold more than 40% of Asia Pacific passive fireproofing system market share by 2027. This application is considered one of the best strategies to reduce fire or minimize the overall costs incurred through damages. Commercial complexes, such as hotels, malls, and restaurants are being constructed on a large scale, thereby fueling system adoption.
Access sample pages of the report, “Asia Pacific Passive Fire Proofing System Market Forecasts 2027” in detail along with the table of contents (ToC) @
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Europe:
Europe passive fire proofing system market is anticipated to cross USD 7 billion by 2027, due to several new infrastructure projects, construction of new hospitals & airports across major metro cities, and increasing fire accidents in several establishments and corporate spaces. Europe fire-resistant glasses market share is on the rise and contributed about 14.5% toward the total market revenue during 2020. The long-term fire protection offered by these products is enhancing their penetration across Germany and Spain. Glass is known to be an efficient fire barrier, preventing fires from spreading to other areas in a building. Due to the advantages of the material, it is being used in building openings, glass partitions, and glass doors. Low maintenance and effective temperature radiation are some key product properties fueling industry forecast.
Access sample pages of the report, “Europe Passive Fire Proofing System Market Forecasts 2027” in detail along with the table of contents (ToC) @
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Segmental overview:
Based on product type, the fire-resistant walls & floors vertical of worldwide passive fire proofing system market is projected to garner notable returns by the end of the speculated timeline, owing to the ability of walls & floors to reduce smoke, flames, & toxic gases during a fire accident, thus increasing the lifespan of buildings.
In terms of application scope, the compartmentalization segment is likely to record significant expansion during the study period, owing to its utilization in controlling fire and reducing overall costs incurred in damages. Besides, commercial complexes like malls, restaurants, etc. are being built on a large scale which is further driving segmental growth.
Regarding end-user ambit, the residential segment is predicted to record positive growth during the research period, due to the rising awareness of homeowners about the advantages of fireproofing solutions, given the multiple fire safety campaigns launched by governments.
Competitive Dashboard:
The key players in global passive fire proofing system industry are Rockwool A/S, Pyroplex Ltd., Assa Abloy AB, Tremco Inc., Hormann KG Verkaufsgesellschaft, Compagnie de Saint-Gobain S.A., Rapp Bomek AS, The 3M Company, Stonhard Inc., Chase Industries Inc., Ruskin Company, UK Performance Doorsets Ltd., Halton Group, Asahi India Glass Limited, Isolatek International Corporation, Mesker Openings Group, and Pro Material Solutions among others.
Global Passive Fire Proofing System Market, By Product (Revenue, USD Billion, 2017-2027)
- Fire Resistance Walls & Floors
- Fire Dampers
- Fire Doors
- Fire Stops
- Fire Resistance Glasses
- Structural Steel Protection
- Others (Fire Curtains, Ceilings)
Global Passive Fire Proofing System Market, By Application (Revenue, USD Billion, 2017-2027)
- Structural Fire Protection
- Compartmentalization
- Fire Stopping Materials
- Opening Protection
Global Passive Fire Proofing System Market, By End-User (Revenue, USD Billion, 2017-2027)
- Residential
- Commercial
- Institutional
Global Passive Fire Proofing System Market, Regional Analysis (Revenue, USD Billion, 2017-2027)
Asia Pacific
- India
- Japan
- Australia
- Indonesia
- Malaysia
- China
North America
- Canada
- U.S.
Europe
- UK
- Germany
- France
- Spain
- Italy
Global Passive Fire Proofing System Market, Competitive Dashboard (Revenue, USD Billion, 2017-2027)
- Rockwool A/S
- Pyroplex Ltd.
- Assa Abloy AB
- Tremco Inc.
- Hormann KG Verkaufsgesellschaft
- Compagnie de Saint-Gobain S.A.
- Rapp Bomek AS
- The 3M Company
- Stonhard Inc.
- Chase Industries Inc.
- Mesker Openings Group
- Ruskin Company
- UK Performance Doorsets Ltd.
- Halton Group
- Asahi India Glass Limited
- Isolatek International Corporation
- Pro Material Solutions
Related Report:
Global Fire Protection System Market Size study and Regional Forecasts 2022-2028
Global Fire Protection System Market size is anticipated to grow with a healthy growth rate over the forecast period 2022-2028. A fire protection system is a certified product that is designed as per the standards stated by the government and other regulatory bodies to control fire outbreaks. The fire protection system is integrated with smoke control and flame detectors devices that assist during a fire emergency. This system offers services such as installation and design services, managed services, maintenance services, engineering services, and many other services that gains huge popularity in almost all verticals. The thriving growth of the construction industry, execution of stringent government regulation pertaining to fire protection, rising penetration of the wireless technology in fire detection, coupled with the growing incidences of human and property loss due to fire breakouts are the chief driving factor for the global market growth.
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