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The passive fire protection market has experienced strong growth, increasing from $4.77 billion in 2023 to $5.14 billion in 2024, reflecting a compound annual growth rate (CAGR) of 7.7%. The historical upswing is linked to a heightened focus on energy efficiency, the rise in construction activities, increased awareness of fire safety, the surge in high-rise construction, and an emphasis on supply chain visibility. Projecting into 2028, the market is expected to maintain its robust growth, reaching $6.93 billion with a CAGR of 7.8%. The expected growth in the forecast period is attributed to sustained stringent regulations, the growth in construction projects, rising awareness of fire safety, innovations in material science, and the expansion of urban spaces. Key trends in the forecast period encompass increased awareness of post-fire investigations, globalization and market expansion, energy efficiency, and sustainability considerations, the influence of the insurance industry, and the impact of urbanization and high-rise buildings.

The growth trajectory of the passive fire protection market is propelled by the burgeoning construction sector, emphasizing fire safety measures in structures and buildings. With the construction industry encompassing building, maintenance, repair, and infrastructure development, the demand for fireproof materials is on the rise. These materials, characterized by non-combustible properties and low thermal conductivity, significantly mitigate fire hazards and prevent the rapid spread of flames. As projected by the Global Construction Perspectives and Oxford report, the global construction sector is anticipated to reach $8 trillion by 2030, underscoring the pivotal role of the construction sector in driving growth within the passive fire protection market in the years ahead.

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What Are The Key Trends That Influence Passive Fire Protection Market Share Analysis?

Major companies operating in the passive fire protection market are developing innovative products, such as passive fire protection (PFP) coatings, to meet larger customer bases, increase sales, and increase revenue. Passive fire protection (PFP) coating refers to a specialized type of coating or treatment applied to surfaces, structures, or materials within buildings or industrial facilities to enhance their fire resistance. For instance, in June 2022, Hempel A/S, a Denmark-based coating manufacturer, launched the Hempafire XTR 100. Distinguished by its UL 1709 certification and formulated as a lightweight coating with minimal dry film thickness, Hempafire XTR 100 provides exceptional hydrocarbon passive fire protection, delivering noteworthy safety advantages and project efficiencies for clients. As an epoxy intumescent coating, Hempafire XTR 100 effectively insulates steel structures during hydrocarbon pool fires, prolonging the steel’s load-bearing capacity for up to four hours. This extension in fire resistance allows for an extended timeframe for the safe evacuation of personnel and the safeguarding of valuable assets and equipment, facilitating firefighting efforts. Specifically tailored for the oil and gas sector, including applications in downstream refining and petrochemical plants, Hempafire XTR 100 stands out as a specialized solution designed for optimal performance in demanding environments.

Which Market Players Are Driving Growth In The Passive Fire Protection Market?

Major companies operating in the passive fire protection market report are Tata Projects Limited, BASF SE, 3M Company, Larsen & Toubro Limited, PPG Industries Inc., Akzo Nobel N.V., Sika AG, Webuild S.p.A., RPM International Inc., StanChem Inc., Etex Building Performance Ltd., Salini Impregilo S.p.A., Jotun AS, Tremco Incorporated, GMR Infrastructure Ltd., Rotarex S.A., Mercor SA, Lloyd Insulations Limited, Specified Technologies Inc., Safety Technology International Inc., Scaletron Industries Ltd., Envirograf Products Limited, Clean Air Company, Daussan SAS, No-Burn Inc., Master Fire Prevention Systems Inc., Floyd Bell Inc., SC Fastening Systems LLC, Contego International Inc., Acoustical Surfaces Pvt Ltd.

How Is The Global Passive Fire Protection Market Segmented?

The passive fire protection market covered in this report is segmented –

1) By Product: Cementitious Materials, Intumescent Coating, Fireproofing Cladding, Other Products
2) By Application: Structural, Compartmentation, Opening Protection, Firestopping Material
3) By End-User: Oil And Gas, Construction, Industrial, Warehousing, Other End-Users

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The Passive Fire Protection Global Market Report 2024 provides an overview of the passive fire protectionmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The passive fire protection market forecast analyzes passive fire protection market size, passive fire protection market share, leading competitor and their market positions.

The Table Of Content For The Passive Fire Protection Market Include

1. Passive Fire Protection Market Executive Summary
2. Passive Fire Protection Market Segments
3. Passive Fire Protection Market Size And Template Market Growth Rate
4.  Key Passive Fire Protection Market Trends
5. Major Passive Fire Protection Market Drivers
……
25. Key Mergers And Acquisitions In The Passive Fire Protection Market
26. Top Passive Fire Protection Companies
27. Passive Fire Protection Market Opportunities And Strategies
28. Passive Fire Protection Market, Conclusions And Recommendations
29. Appendix

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