- Cementitious Material
- Intumescent Coating
- Fireproofing Cladding
- Others
Passive Fire Protection Coatings Market size was valued at USD 7.2 Bn in 2023 and expected to reach USD 11.03 Bn by 2030 growing at a CAGR of 7.4% from 2024 to 2030. Rising advanced constructions and industrialization which requires high safety measures such as protection from fire and other accidents fueling the market growth. Additionally, High demand from fire protection in steel, oil & gas, and construction sectors is expected to be a driver for market growth. Additionally, the rising number of stringent regulations in the equipped building for fire protection and insulation measures is fueling the market growth. Moreover, increased technological advancement boosts the growth of the market. However, high cost of passive fire protection coatings procedures lack of standard norms, and lack of awareness regarding the benefits of passive fire protection are the major factors that hinder the growth of the market.
The global passive fire protection coatings market report gives a comprehensive outlook on passive fire protection coatings across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East, and Africa. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities, and possible challenges to the key stakeholders operating in the market. In addition, the global market report includes human demographics; regulatory scenario, and competition analysis with a vividly illustrated competition dashboard to assess the market competition. Moreover, Key stakeholders of the global market report include suppliers, manufacturers, marketers, policymakers, and healthcare service providers engaged in global passive fire protection coatings products.
Study Period
2024-2030Base Year
2023CAGR
7.4%Largest Market
North AmericaFastest Growing Market
Asia pacific
In the recent years, Due to booming in industrialization and rising infrastructure commercial buildings, hospitals, colleges, residential buildings and oil & gas industry rising the demand for fire-safe and energy-efficient infrastructure is also projected to contribute to the market expansion over the forecast period. These coating prolong the spreading of fire thus providing enough time for evacuate the buildings and also helps the firefighter to control the fire so to reduce the assets loss. Additionally, rising in the technological advancement for new innovations and increasing investments and funds will further boost the market growth. Additionally, increasing awareness related to improving fire safety management, improving features, and enhancing productivity and efficiency of consumers is expected to further drive the growth.
By Product Type
By Technology
By Application
The passive fire protection coatings market size was valued at USD 7.2 billion in 2023
The passive fire protection coatings market key players are: AkzoNobel PPG Industries Sherwin-Williams Jotun Hempel Promat International Kansai Paint Teknos Group Carboline Nullifire Gangotri Hi-Tech Coatings Monarch Industrial Products Arabian Vermiculite Industries Albi Manufacturing Solatek International
The passive fire protection coatings market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.