Passive fire protection materials (PFP) helps to magnify the strength of buildings and other commercial structures by providing insulation, stability and integrity. The advantages of PFP materials are easy maintenance, cost-effective and protection of valuable assets. Some of the basic types of passive fire protection material used by the construction industry to prevent fire in buildings include fire doors, fire resisting cables, fire linings, fire resisting partitions, fire resisting glass, fire screens etc.
The passive fire protection material market is segmented according to products as sealants, intumescent coatings, foams & boards and others (including putties, mortar, fire blocks and cementitious spray). Intumescent coatings is the fastest growing segment and is widely used in construction industry. The passive fire protection material market is classified according to applications as civil, mechanical & electrical, duct, structural steel fireproofing, cable & wire tray fireproofing and others (including doors, windows and glasses). Civil is the fastest growing segment and is expected to continue is dominance during the forecast period.
The key drivers for passive fire protection material market are the growth of accidents, loss of valuable assets caused due to fire and increasing regulation on fire safety. The increasing awareness about fire safety, recovery in construction industries and the need of the business to eliminate the losses is driving the industry. The regulation by Government in mandating use of fire protection material in residential and commercial construction is likely to boost the market. The technological development and innovation in passive fire protection material is expected to fuel the growth of this market.
Asia Pacific market is expected to grow during the forecast period. It is due to emerging of construction industry in the developing economies such as China and India. The other factors include infrastructure development, rapid urbanization and establishment of new industries and plants. The major companies operating in the global market for passive fire protection materials are ADT Fire & Security, 3M Companies, BASF Coatings, Hempel A S, Cooper Industries, GE Security, and Honeywell Inc.
Decision Databases is involved in providing research reports and company profiles in the global passive fire protection materials market in terms of revenue and output/volume. Market drivers, opportunities and restraints are thoroughly studied which influences the market. This study is further utilized for the overall analysis of the market. The passive fire protection materials market is segmented based on the global applications, geographic presence, by products and ingredients. We offer an inclusive category-specific market outlook. We provide access to a comprehensive collection of companies in the industry. The companies can strategize and execute business operations through our competitor analysis. Find the global industry analysis, market size, share, growth, and trends information in our passive fire protection materials profiles.
SEGMENTATIONS IN REPORT:
Passive Fire Protection Materials By Product
1. INTRODUCTION TO THE PASSIVE FIRE PROTECTION MATERIALS MARKET
2. EXECUTIVE SUMMARY
3. MARKET ANALYSIS OF PASSIVE FIRE PROTECTION MATERIALS
4. PASSIVE FIRE PROTECTION MATERIALS MARKET ANALYSIS BY PRODUCT
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