Passive Fire Protection Coatings Market - Forecast(2025 - 2031)

Report Code: CMR 18970 Report Format: PDF + Excel

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Passive Fire Protection Coatings Market size is forecast to reach $6084.3 billion by 2030, after growing at a CAGR of 5.8% during 2024-2030. The use of passive fire protection coatings has increased due to stringent government regulations regarding the usage of passive fire protection coatings and fire safety standards. Furthermore, the rapidly-growing building & construction industry is expected to increase the demand for passive fire protection coatings. These coatings are applied so that a building's steel structure withstands fire and prevents it from exceeding the critical temperature at which it may collapse. These are used in high-rise buildings, sports stadiums, and other applications. The growing use of passive fire protection coatings in equipment protection and various offshore and onshore applications in the oil and gas industry is driving the market growth.

Report Coverage

The report: “Passive Fire Protection Coatings Market– Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Passive Fire Protection Coatings Industry.

By Type: Intumescent Coatings and Cementitious Coatings.

By Technology: Water-Based and Solvent-Based.

By End Use Industry: Building & Construction, Oil & Gas, Transportation and others.

By Geography: North America, South America, Europe, APAC, and RoW.

Key Takeaways

Asia-Pacific dominates the global passive fire protection coatings market, owing to extensive usage of passive fire protection coatings in aerospace, oil & gas, warehousing, and manufacturing industries in the region. In addition, government initiatives such as 100 smart cities and Housing for all by 2022 are further supporting market growth.
The demand for passive fire protection coatings is increasing due to rising cases of fire accidents in the manufacturing, power, and steel industries.
Currently, COVID-19 is having a massive impact on various industries such as oil & gas, aerospace, construction and others, as most countries have issued “stay at home guidance” i.e., lockdown. And it is expected that the outbreak of COVID-19 will be seen in the whole year of 2020, and a few months in 2021. Therefore, this factor is limiting passive fire protection coatings market growth.

Type - Segment Analysis

Intumescent coatings held the largest share in the passive fire protection coatings market in 2019, owning to its wide usage across various applications, such as commercial buildings, hospitals, skyscrapers, colleges, restaurants, residential buildings, offices, oil & gas industry, and others. The demand for intumescent coatings is higher as compared to cementitious coatings as, intumescent coatings are used in combination with cladding materials. Intumescent paint requires lower maintenance, improves durability, thermal insulation, provides longer shelf-life, and also provides corrosion protection for steel structures in buildings. These properties of intumescent coatings are therefore expected to stimulate the growth of these types of coatings in the market for passive fire protection coatings.

Technology - Segment Analysis

The water-based technology segment held the largest share in the passive fire protection coatings market in 2019. Water-based fire protection coatings are extremely safe as they do not contain toxic solvents, are low odor and have low VOC emissions. These are designed to enable customers to meet the strict emission standards set by various agencies, such as the Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) and the Environmental Protection Agency (EPA). These water-based coatings, also, can withstand high levels of humidity during application. The above factors fuel the demand for the water-based technology in the market of passive fire protection coatings.

End Use Industry - Segment Analysis

The building & construction industry held the largest share in the passive fire protection coatings market in 2019 and is growing at a CAGR of 6.4% during the forecast period. Fire protection coatings are used in buildings owing to the various benefits that these coatings provide. These coatings prolong the duration of damage that could be done, providing ample time for the evacuation of building in the case of fire. In addition, these also help protect firefighters when managing the fire, and thereby help to minimize damage to a structure and loss of assets. The demand for passive fire protection coatings is also increasing from oil & gas industry because of the prevalence of high-risk environment owing to the presence of flammable and explosive compounds at the facilities. These coatings help to prevent structural damages.

Geography - Segment Analysis

The Asia-Pacific held the largest share in the passive fire protection coatings market in 2019 up to 41%. This growth is attributed to the increasing number of residential and commercial construction projects along with rising consumer awareness regarding fire safety in the region. In India, the government has initiated projects, such as ‘100 smart cities’ and ‘Housing for All by 2022,’ which are expected to drive the Indian residential construction market over the forecast period. In addition, according to India Brand Equity Foundation (IBEF), India plans to spend US$ 1.4 trillion on infrastructure in the next five years. In 2019, China approved to invest $142 billion in 26 infrastructure projects. Therefore, the increasing construction projects and stringent regulations about fire safety have mandated the product usage, in the region which is driving its market growth in the Asia Pacific region.

Drivers – Passive Fire Protection Coatings Market

Growth in construction projects and oil & gas exploration activities.

Major factors driving the passive fire protection coatings market are increasing construction activities across the globe, and growth in oil & gas exploration activities. According to the US Census Bureau, in February 2020 total construction was at a seasonally adjusted annual rate of 1,366,697 which is 6.0 percent above the February 2019 rate of 1,288,951. According to European Commission, the total construction investment in Germany increased by 9.5% over 2008-2015. Also, the European Construction 2020 Action Plan aimed at stimulating favorable investment conditions. The building and construction activities are also increasing owing to the various government initiatives such as Foreign Direct Investments (FDI). In addition, according to International Monetary Fund, by 2023, oil demand will reach 104.7 mb/d, up by 6.9 mb/d from 2017. As passive fire protection coatings are extensively used in these industries to reduce the risk from fire, the growth in these industry is driving its demand.

Challenges – Passive Fire Protection Coatings Market

Fluctuation in raw materials prices.

Price and availability of raw materials are major factors that affect the price of the end products. The major challenge for the global passive fire protection coatings market is the oscillating price trends of raw materials, which are fluctuating due to volatile energy prices, as most of the raw materials are petroleum-based. According to BP statistics, in 2018, average crude oil price increased to $71/ bbl from $54/bbl in 2017. Fluctuations in crude oil prices impact the cost of raw materials which are used in the production of passive fire protection coatings, thus limiting the market growth.

Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Passive Fire Protection Coatings Market. In 2019, the market of Passive Fire Protection Coatings Market has been consolidated by the top five players accounting for xx% of the share. Major players in the Passive Fire Protection Coatings market are Akzo Nobel, PPG Industries, The Sherwin-Williams Company, Promat International, Carboline, Hempel A/S, KANSAI PAINT, Nullifire, Jotun, and Teknos Group., among others.

Acquisitions/Technology Launches

In November 2019, Hempel launched “Hempafire Optima” a new generation passive fire protection coatings.
In December 2018, Hempel launched “Hempafire Pro 315” a new passive fire protection coating.
In November 2018, PPG launched “PPG PITT-CHAR NX”, its most advanced passive fire protection coating.

Key Market Players:

The Top 5 companies in Passive Fire Protection Coatings Market are:

AkzoNobel
PPG Industries
Jotun
Sherwin-Williams
Hempel

1. Passive Fire Protection Coatings Market - Overview
        1.1 Definitions and Scope
2. Passive Fire Protection Coatings Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Passive Fire Protection Coatings Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Passive Fire Protection Coatings Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Passive Fire Protection Coatings Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Passive Fire Protection Coatings Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Passive Fire Protection Coatings Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Passive Fire Protection Coatings Market - By Product Type(Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
            8.3.1 Intumescent Coatings
            8.3.2 Cementitious Coatings
9. Passive Fire Protection Coatings Market - By Type(Market Size -$Million / $Billion)
       9.1 Introduction
       9.2 Intumescent Coatings
       9.3 Cementitious Coatings
10. Passive Fire Protection Coatings Market By Technology(Market Size -$Million / $Billion)
        10.1 Water-Based
        10.2 Solvent-Based
11. Passive Fire Protection Coatings – By End Use Industry (Market Size -$Million / $Billion)
        11.1. Segment type Size and Market Share Analysis
11.2. Application Revenue and Trends by type of Application
      11.3. Application Segment Analysis by Type
            11.3.1 Building & Construction
            11.3.2 Oil & Gas
            11.3.3 Transportation
            11.3.4 Others
12. Passive Fire Protection Coatings - By Application Type(Market Size -$Million / $Billion)
        12.1 Segment type Size and Market Share Analysis
        12.2 Application Revenue and Trends by type of Application
        12.3 Application Segment Analysis by Type
13. Passive Fire Protection Coatings- By Geography (Market Size -$Million / $Billion)
        13.1 Passive Fire Protection Coatings Market - North America Segment Research
        13.2 North America Market Research (Million / $Billion)
            13.2.1 Segment type Size and Market Size Analysis
            13.2.2 Revenue and Trends
            13.2.3 Application Revenue and Trends by type of Application
            13.2.4 Company Revenue and Product Analysis
            13.2.5 North America Product type and Application Market Size
                  13.2.5.1 U.S
                  13.2.5.2 Canada
                  13.2.5.3 Mexico
                  13.2.5.4 Rest of North America
        13.3 Passive Fire Protection Coatings- South America Segment Research
        13.4 South America Market Research (Market Size -$Million / $Billion)
            13.4.1 Segment type Size and Market Size Analysis
            13.4.2 Revenue and Trends
            13.4.3 Application Revenue and Trends by type of Application
            13.4.4 Company Revenue and Product Analysis
            13.4.5 South America Product type and Application Market Size
                  13.4.5.1 Brazil
                  13.4.5.2 Venezuela
                  13.4.5.3 Argentina
                  13.4.5.4 Ecuador
                  13.4.5.5 Peru
                  13.4.5.6 Colombia
                  13.4.5.7 Costa Rica
                  13.4.5.8 Rest of South America
        13.5 Passive Fire Protection Coatings- Europe Segment Research
        13.6 Europe Market Research (Market Size -$Million / $Billion)
            13.6.1 Segment type Size and Market Size Analysis
            13.6.2 Revenue and Trends
            13.6.3 Application Revenue and Trends by type of Application
            13.6.4 Company Revenue and Product Analysis
            13.6.5 Europe Segment Product type and Application Market Size
                  13.6.5.1 U.K
                  13.6.5.2 Germany
                  13.6.5.3 Italy
                  13.6.5.4 France
                  13.6.5.5 Netherlands
                  13.6.5.6 Belgium
                  13.6.5.7 Denmark
                  13.6.5.8 Spain
                  13.6.5.9 Rest of Europe
        13.7 Passive Fire Protection Coatings - APAC Segment Research
        13.8 APAC Market Research (Market Size -$Million / $Billion)
            13.8.1 Segment type Size and Market Size Analysis
            13.8.2 Revenue and Trends
            13.8.3 Application Revenue and Trends by type of Application
            13.8.4 Company Revenue and Product Analysis
            13.8.5 APAC Segment - Product type and Application Market Size
                  13.8.5.1 China
                  13.8.5.2 Australia
                  13.8.5.3 Japan
                  13.8.5.4 South Korea
                  13.8.5.5 India
                  13.8.5.6 Taiwan
                  13.8.5.7 Malaysia
                  13.8.5.8 Hong kong
                  13.8.5.9 Rest of APAC
        13.9 Passive Fire Protection Coatings - Middle East Segment and Africa Segment Research
        13.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            13.10.1 Segment type Size and Market Size Analysis
            13.10.2 Revenue and Trend Analysis
            13.10.3 Application Revenue and Trends by type of Application
            13.10.4 Company Revenue and Product Analysis
            13.10.5 Middle East Segment Product type and Application Market Size
                  13.10.5.1 Israel
                  13.10.5.2 Saudi Arabia
                  13.10.5.3 UAE
            13.10.6 Africa Segment Analysis
                  13.10.6.1 South Africa
                  13.10.6.2 Rest of Middle East & Africa
14. Passive Fire Protection Coatings Market - Entropy
        14.1 New product launches
        14.2 M&A s, collaborations, JVs and partnerships
15. Passive Fire Protection Coatings Market - Industry / Segment Competition landscape Premium
        15.1 Market Share Analysis
            15.1.1 Market Share by Country- Top companies
            15.1.2 Market Share by Region- Top 10 companies
            15.1.3 Market Share by type of Application - Top 10 companies
            15.1.4 Market Share by type of Product / Product category- Top 10 companies
            15.1.5 Market Share at global level - Top 10 companies
            15.1.6 Best Practises for companies
16. Passive Fire Protection Coatings Market - Key Company List by Country Premium
17. Passive Fire Protection Coatings Market Company Analysis
        17.1 Market Share, Company Revenue, Products, M&A, Developments
        17.2 Akzo Nobel N.V.
        17.3 Carboline
        17.4 Hempel A/S
        17.5 Jotun
        17.6 Nullifire
        17.7 Other Companies
            17.7.1 3M
            17.7.2 Albi Manufacturing
            17.7.3 Arabian Vermiculite Industries.
            17.7.4 BASF SE
            17.7.5 Bollom Fire Protection
            17.7.6 Contego International Inc.
            17.7.7 GCP Applied Technologies Inc.
            17.7.8 Gangotri Hi-Tech Coatings
            17.7.9 Intumescent Systems Ltd.
            17.7.10 Isolatek International
            17.7.11 SKK Pte. Ltd.
            17.7.12 Sika AG
        17.8 Promat International
        17.9 Teknos Group
        17.10 The Sherwin-Williams Company
        17.11 AkzoNobel
17.12.PPG Industries
17.13.Jotun
17.14.Sherwin-Williams
17.15.Hempel
18. Passive Fire Protection Coatings Market - Appendix
        18.1 Abbreviations
        18.2 Sources
19. Passive Fire Protection Coatings Market - Methodology
        19.1 Research Methodology
            19.1.1 Company Expert Interviews
            19.1.2 Industry Databases
            19.1.3 Associations
            19.1.4 Company News
            19.1.5 Company Annual Reports
            19.1.6 Application Trends
            19.1.7 New Products and Product database
            19.1.8 Company Transcripts
            19.1.9 R&D Trends
            19.1.10 Key Opinion Leaders Interviews
            19.1.11 Supply and Demand Trends

LIST OF TABLES

1.Global Passive Fire Protection Coatings Market By Type Market 2023-2030 ($M)
1.1 Intumescent Coatings Market 2023-2030 ($M) - Global Industry Research
1.2 Cementitious Coatings Market 2023-2030 ($M) - Global Industry Research
2.Global Passive Fire Protection Coatings Market By Technology Market 2023-2030 ($M)
2.1 Water-Based Market 2023-2030 ($M) - Global Industry Research
2.2 Solvent-Based Market 2023-2030 ($M) - Global Industry Research
3.Global Passive Fire Protection Coatings Market By End-Use Industry Market 2023-2030 ($M)
3.1 Building & Construction Market 2023-2030 ($M) - Global Industry Research
3.2 Oil & Gas Market 2023-2030 ($M) - Global Industry Research
3.3 Transportation Market 2023-2030 ($M) - Global Industry Research
4.Global Passive Fire Protection Coatings Market By Type Market 2023-2030 (Volume/Units)
4.1 Intumescent Coatings Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Cementitious Coatings Market 2023-2030 (Volume/Units) - Global Industry Research
5.Global Passive Fire Protection Coatings Market By Technology Market 2023-2030 (Volume/Units)
5.1 Water-Based Market 2023-2030 (Volume/Units) - Global Industry Research
5.2 Solvent-Based Market 2023-2030 (Volume/Units) - Global Industry Research
6.Global Passive Fire Protection Coatings Market By End-Use Industry Market 2023-2030 (Volume/Units)
6.1 Building & Construction Market 2023-2030 (Volume/Units) - Global Industry Research
6.2 Oil & Gas Market 2023-2030 (Volume/Units) - Global Industry Research
6.3 Transportation Market 2023-2030 (Volume/Units) - Global Industry Research
7.North America Passive Fire Protection Coatings Market By Type Market 2023-2030 ($M)
7.1 Intumescent Coatings Market 2023-2030 ($M) - Regional Industry Research
7.2 Cementitious Coatings Market 2023-2030 ($M) - Regional Industry Research
8.North America Passive Fire Protection Coatings Market By Technology Market 2023-2030 ($M)
8.1 Water-Based Market 2023-2030 ($M) - Regional Industry Research
8.2 Solvent-Based Market 2023-2030 ($M) - Regional Industry Research
9.North America Passive Fire Protection Coatings Market By End-Use Industry Market 2023-2030 ($M)
9.1 Building & Construction Market 2023-2030 ($M) - Regional Industry Research
9.2 Oil & Gas Market 2023-2030 ($M) - Regional Industry Research
9.3 Transportation Market 2023-2030 ($M) - Regional Industry Research
10.South America Passive Fire Protection Coatings Market By Type Market 2023-2030 ($M)
10.1 Intumescent Coatings Market 2023-2030 ($M) - Regional Industry Research
10.2 Cementitious Coatings Market 2023-2030 ($M) - Regional Industry Research
11.South America Passive Fire Protection Coatings Market By Technology Market 2023-2030 ($M)
11.1 Water-Based Market 2023-2030 ($M) - Regional Industry Research
11.2 Solvent-Based Market 2023-2030 ($M) - Regional Industry Research
12.South America Passive Fire Protection Coatings Market By End-Use Industry Market 2023-2030 ($M)
12.1 Building & Construction Market 2023-2030 ($M) - Regional Industry Research
12.2 Oil & Gas Market 2023-2030 ($M) - Regional Industry Research
12.3 Transportation Market 2023-2030 ($M) - Regional Industry Research
13.Europe Passive Fire Protection Coatings Market By Type Market 2023-2030 ($M)
13.1 Intumescent Coatings Market 2023-2030 ($M) - Regional Industry Research
13.2 Cementitious Coatings Market 2023-2030 ($M) - Regional Industry Research
14.Europe Passive Fire Protection Coatings Market By Technology Market 2023-2030 ($M)
14.1 Water-Based Market 2023-2030 ($M) - Regional Industry Research
14.2 Solvent-Based Market 2023-2030 ($M) - Regional Industry Research
15.Europe Passive Fire Protection Coatings Market By End-Use Industry Market 2023-2030 ($M)
15.1 Building & Construction Market 2023-2030 ($M) - Regional Industry Research
15.2 Oil & Gas Market 2023-2030 ($M) - Regional Industry Research
15.3 Transportation Market 2023-2030 ($M) - Regional Industry Research
16.APAC Passive Fire Protection Coatings Market By Type Market 2023-2030 ($M)
16.1 Intumescent Coatings Market 2023-2030 ($M) - Regional Industry Research
16.2 Cementitious Coatings Market 2023-2030 ($M) - Regional Industry Research
17.APAC Passive Fire Protection Coatings Market By Technology Market 2023-2030 ($M)
17.1 Water-Based Market 2023-2030 ($M) - Regional Industry Research
17.2 Solvent-Based Market 2023-2030 ($M) - Regional Industry Research
18.APAC Passive Fire Protection Coatings Market By End-Use Industry Market 2023-2030 ($M)
18.1 Building & Construction Market 2023-2030 ($M) - Regional Industry Research
18.2 Oil & Gas Market 2023-2030 ($M) - Regional Industry Research
18.3 Transportation Market 2023-2030 ($M) - Regional Industry Research
19.MENA Passive Fire Protection Coatings Market By Type Market 2023-2030 ($M)
19.1 Intumescent Coatings Market 2023-2030 ($M) - Regional Industry Research
19.2 Cementitious Coatings Market 2023-2030 ($M) - Regional Industry Research
20.MENA Passive Fire Protection Coatings Market By Technology Market 2023-2030 ($M)
20.1 Water-Based Market 2023-2030 ($M) - Regional Industry Research
20.2 Solvent-Based Market 2023-2030 ($M) - Regional Industry Research
21.MENA Passive Fire Protection Coatings Market By End-Use Industry Market 2023-2030 ($M)
21.1 Building & Construction Market 2023-2030 ($M) - Regional Industry Research
21.2 Oil & Gas Market 2023-2030 ($M) - Regional Industry Research
21.3 Transportation Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Passive Fire Protection Coatings Market Revenue, 2023-2030 ($M)
2.Canada Passive Fire Protection Coatings Market Revenue, 2023-2030 ($M)
3.Mexico Passive Fire Protection Coatings Market Revenue, 2023-2030 ($M)
4.Brazil Passive Fire Protection Coatings Market Revenue, 2023-2030 ($M)
5.Argentina Passive Fire Protection Coatings Market Revenue, 2023-2030 ($M)
6.Peru Passive Fire Protection Coatings Market Revenue, 2023-2030 ($M)
7.Colombia Passive Fire Protection Coatings Market Revenue, 2023-2030 ($M)
8.Chile Passive Fire Protection Coatings Market Revenue, 2023-2030 ($M)
9.Rest of South America Passive Fire Protection Coatings Market Revenue, 2023-2030 ($M)
10.UK Passive Fire Protection Coatings Market Revenue, 2023-2030 ($M)
11.Germany Passive Fire Protection Coatings Market Revenue, 2023-2030 ($M)
12.France Passive Fire Protection Coatings Market Revenue, 2023-2030 ($M)
13.Italy Passive Fire Protection Coatings Market Revenue, 2023-2030 ($M)
14.Spain Passive Fire Protection Coatings Market Revenue, 2023-2030 ($M)
15.Rest of Europe Passive Fire Protection Coatings Market Revenue, 2023-2030 ($M)
16.China Passive Fire Protection Coatings Market Revenue, 2023-2030 ($M)
17.India Passive Fire Protection Coatings Market Revenue, 2023-2030 ($M)
18.Japan Passive Fire Protection Coatings Market Revenue, 2023-2030 ($M)
19.South Korea Passive Fire Protection Coatings Market Revenue, 2023-2030 ($M)
20.South Africa Passive Fire Protection Coatings Market Revenue, 2023-2030 ($M)
21.North America Passive Fire Protection Coatings By Application
22.South America Passive Fire Protection Coatings By Application
23.Europe Passive Fire Protection Coatings By Application
24.APAC Passive Fire Protection Coatings By Application
25.MENA Passive Fire Protection Coatings By Application
26.Akzo Nobel N.V., Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.The Sherwin-Williams Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Jotun, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Hempel A/S, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Promat International, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Teknos Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Carboline, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Nullifire, Sales /Revenue, 2015-2018 ($Mn/$Bn)

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