Global Passive Fire Protection Databank Market Report

Global Passive Fire Protection Databank Market Report

The Passive Fire Protection market was valued at $4,028.6 Million in 2022, and is projected to reach $6,084.2 Million by 2031 growing at a CAGR of 4.73% from 2023 to 2031. Cementitious Materials segment is expected to be the highest contributor to this market, with $1,714.7 Million in 2022, and is anticipated to reach $2,488.3 Million by 2031, registering a CAGR of 4.27%. Fireproofing Cladding segment is anticipated to reach $1,079.2 Million by 2031 with the highest CAGR of 6.21%. Cementitious Materials and Intumescent Coating segments collectively expected to account for about 82.5% share of the Passive Fire Protection market in 2022, with the former constituting around 42.6% share. Fireproofing Cladding and Intumescent Coating segments are expected to witness significant growth rates at a CAGR of 6.21% and 4.34% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 55.6% in the overall Passive Fire Protection market in 2022, and is anticipated to reach 56.4% by 2031.