Passive Fire market valued at $4.5 billion in 2022


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The global passive fire protection market is expected to grow from $3.99 billion in 2021 to $4.42 billion in 2022 at a compound annual growth rate (CAGR) of 10.9%. The market is expected to reach $5.73 billion in 2026 at a CAGR of 6.7%.

The main types of products in passive fire protection are cementitious materials, intumescent coating, fireproofing cladding, and others. Cementitious materials have properties of cement, and are used to protect steel elements within a building’s construction. The different applications include structural, compartmentation, opening protection, firestopping material and is used by various sectors such as oil and gas, construction, industrial, warehousing, and others.

North America was the largest region in the passive fire protection market in 2021. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Technological advancement is a key trend gaining popularity in the passive fire protection market. Major companies operating in the passive fire protection sector are focused on developing technological solutions for passive fire protection to strengthen their position. For instance, in November 2020, Honeywell, a US-based company that mainly operates in building technologies launched new suite of Connected Life Safety Services (CLSS), a cloud platform for fire safety systems. The platform is intended to help fire professionals avoid downtime, demonstrate compliance, and shorten the time it takes to design, install, commission, inspect, maintain, and report life safety equipment.

The growing construction sector is driving the growth of the passive fire protection market. Construction is a sector that deals with the building, maintenance, and repair of structures and buildings, as well as the construction of roadways and service facilities. Fireproof materials are used in the construction sector for fire safety in the building as they are non-combustible with low thermal conductivity and take a long time for the fire to affect the structures, and also protects the spread of fire.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider passive fire protection market, and compares it with other markets.

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