Passive Fire Protection Materials Market Size & Share Report, Growth, Trends, 2032

Global Passive Fire Protection Materials Market Insights

Zion Market Research has published a report on the global Passive Fire Protection Materials Market, estimating its value at USD 4.35 Billion in 2023, with projections indicating that it will reach USD 7.04 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 5.5% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Passive Fire Protection Materials industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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The report covers an in-depth analysis of the strategies adopted by major competitors in the global passive fire protection materials market. To understand the competitive landscape in the passive fire protection materials market, an analysis of Porter’s Five Forces model is also included. The research study comprises of market attractiveness analysis, wherein all the segments are benchmarked on the basis of their market size and growth rate.

Global Passive Fire Protection Materials Market: Segmentation

The research study provides a decisive view on the global passive fire protection materials market based on product, industry, application, and region. All the segments of the market have been analyzed based on the past, present, and future trends. The market is estimated from 2024 to 2032.

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Based on the product, the global market is segmented into intumescent materials, foams & boards, sealants, and others.

By industry, the industry is categorized into oil & gas, building & construction, transportation, and others.

Application-wise, the global market is bifurcated into firestopping materials, compartmentation, structural, and opening protection.

The regional segmentation comprises the past, present, and estimated demand for the Middle East & Africa, North America, Asia Pacific, Latin America, and Europe. The regional segment is further split into the U.S., Canada, Mexico, UK, France, Germany, China, Japan, India, South Korea, Brazil, and Argentina among others.

As per the recent review conducted by the U.S. Energy Information Administration, global oil consumption is likely to reach 1.3 million BPD (barrels per day) and the supply rate will reach 1.6 million BPD in 2022. Technological advancements and novel drilling approaches will significantly augment oil and gas production globally. This escalating oil production trend will fuel the demand for passive fire protection materials worldwide.

Passive Fire Protection Materials Market: Report Scope

Some of the essential players flourishing the global passive fire protection materials market, but not restricted to include-

• HILTI
• Saint-Gobain
• PPG Industries
• 3M
• Jotun
• Carboline
• Nullifire
• Sherwin-Williams
• KANSAI PAINT
• Rudolf Hensel GmbH
• Sharpfibre
• Promat International
• Hempel
• Lloyd Insulations Ltd.
• AkzoNobel
• Teknos Group.

The global passive fire protection materials market is segmented as:

Global Passive Fire Protection Materials Market: Product Segmentation Analysis

• Intumescent materials
• Foams & boards
• Sealants
• Others

Global Passive Fire Protection Materials Market: Industry Segmentation Analysis

• Oil & gas
• Building & construction
• Transportation
• Others

Global Passive Fire Protection Materials Market: Application Segmentation Analysis

• Firestopping materials
• Compartmentation
• Structural
• Opening protection

Global Passive fire protection materials Market: Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa