세계 패시브 방화 코팅 시장 규모는 2023년 42억 3,000만 달러로 평가되며, 예측 기간(2025-2032년) 동안 5.6%의 CAGR로 2024년 44억 6,000만 달러에서 2032년 69억 1,000만 달러로 성장할 것으로 예상됩니다.
패시브 방화 코팅(PFP) 시장은 석유 및 가스 회사의 탐사 및 생산에 대한 막대한 투자와 지속적인 기술 발전으로 인해 성장할 것으로 예상됩니다. PFP의 주요 구성요소인 방화문, 창문, 벽체 어셈블리, 내화 코팅은 화재와 연기가 확산되는 것을 막는 데 있어 중요한 역할을 합니다. 특히 석유 및 가스 분야에서는 해상과 육상 모두에서 설비를 보호하기 위해 패시브 내화 코팅에 대한 수요가 높습니다. 또한, 건축 및 건설, 운송과 같은 최종 사용 분야의 수요가 증가함에 따라 PFP는 다양한 산업에서 안전을 위한 중요한 구성요소로 자리매김하고 있으며, 예측 기간 동안 시장 전망은 더욱 높아질 것으로 예상됩니다.
Global Passive Fire Protection Coatings Market size was valued at USD 4.23 billion in 2023 and is poised to grow from USD 4.46 billion in 2024 to USD 6.91 billion by 2032, growing at a CAGR of 5.6% during the forecast period (2025-2032).
The passive fire protection (PFP) market is poised for growth, driven by substantial investments from oil and gas companies in exploration and production, as well as ongoing technological advancements. Key components of PFP, such as fire doors, windows, wall assemblies, and fire-resistant coatings, play a crucial role in halting the spread of fire and smoke without activation. The oil and gas sector, in particular, demonstrates a significant need for passive fire prevention coatings to safeguard equipment in both offshore and onshore applications. Additionally, growing demand from end-use sectors, including building and construction and transportation, is expected to further enhance market prospects during the forecast period, positioning PFP as a critical component for safety in various industries.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Passive Fire Protection Coatings market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Passive Fire Protection Coatings Market Segmental Analysis
Global Passive Fire Protection Coatings Market is segmented by product, technology, distribution channel, end-use industry and region. Based on product, the market is segmented into cementitious materials, intumescent coating, fireproofing cladding, mineral wool, glass wool and others. Based on technology, the market is segmented into water-based and solvent-based. Based on distribution channel, the market is segmented into offline and online. Based on end-use industry, the market is segmented into building & construction, oil & gas, warehousing, transportation and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Global Passive Fire Protection Coatings Market
The global demand for enhanced fire safety measures is on the rise as awareness of inadequate fire safety standards grows. The catastrophic explosion in August 2020 at Beirut's harbour, resulting from a fire igniting 2,750 tonnes of ammonium nitrate, highlighted the dire need for better regulations. Such devastating incidents underline the importance of implementing stricter fire safety protocols to prevent future catastrophes. Governments and industrial organizations worldwide are now prioritizing this issue, recognizing the essential role of passive fire protection in safeguarding lives and minimizing infrastructure damage. This proactive approach is integrally tied to both existing and evolving fire safety standards as the construction sector expands in response to burgeoning residential and commercial demands.
Restraints in the Global Passive Fire Protection Coatings Market
The Global Passive Fire Protection Coatings market faces notable restraints due to the intricacies involved in the application of epoxy passive fire protection coatings, which are designed to mitigate steel temperature rise and prevent structural collapse. Traditionally, the oil and gas sector has depended on these coatings that often require additional mesh reinforcement. Ensuring the correct placement of this reinforcement is critical for maintaining protection against fire spread, yet it leads to common project delays. The installation process is not only labor-intensive but also time-consuming, necessitating strict adherence to certification standards, including precise measurements of overlap and depth within the system.
Market Trends of the Global Passive Fire Protection Coatings Market
The Global Passive Fire Protection Coatings market is witnessing a significant upward trend, propelled by the increasing focus on safety regulations across various construction sectors, including residential, commercial, and industrial projects. The rise in construction activities, particularly in the residential segment-evidenced by a 25% spending increase in 2021 and a projected 7% uptick in starts for 2022-further amplifies the demand for fire protection solutions. As infrastructure projects evolve and safety becomes paramount, investments in passive fire protection coatings are expected to surge, ensuring compliance with stringent fire safety requirements and protecting both lives and property.