Global Passive Fire Protection Materials Market 2024-2028
The passive fire protection materials market is forecasted to grow by USD 1237.9 mn during 2023-2028, accelerating at a CAGR of 5.79% during the forecast period. The report on the passive fire protection materials market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing new product launches by market vendors, increase in building and construction activities, and increasing emphasis on fire safety.
Technavio's passive fire protection materials market is segmented as below:
By Product Type
- Cementitious materials
- Intumescent coatings
- Fireproofing cladding
- Fire-resistant sealants
- Sprays
By Application
- Commercial
- Industrial
- Residential
By Geography
- North America
- APAC
- Europe
- Middle East and Africa
- South America
This study identifies the development of more effective synergist compounds as one of the prime reasons driving the passive fire protection materials market growth during the next few years. Also, rise in emphasis on green building methods and rise in adoption of self-healing materials will lead to sizable demand in the market.
The report on the passive fire protection materials market covers the following areas:
- Passive fire protection materials market sizing
- Passive fire protection materials market forecast
- Passive fire protection materials market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading passive fire protection materials market vendors that include 3M Co., Akzo Nobel NV, Apollo Paints Pvt. Ltd., BASF SE, Contego International Inc., CSW Industrials Inc., Etex NV, Fosroc International Ltd., Hempel AS, Hilti Corp., Huntsman Corp., Isolatek International, PPG Industries Inc., ROCKWOOL International AS, RPM International Inc., Rudolf Hensel GmbH, Sharpfibre Ltd., Sika AG, SVT Group of Companies, Tecresa Proteccion Pasiva S.L., The Sherwin Williams Co., and Tremco CPG Inc.. Also, the passive fire protection materials market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.