Asia Pacific Passive Fire Proofing System Market size crossed USD 4.82 billion in 2020 and is expected to grow at a CAGR of 5.3% from 2021 to 2027. Rising investments in infrastructure activities in the region and increasing fire outbreaks are anticipated to drive the market growth.

A passive fire proofing system is a system that minimizes the damage caused by fire or it stops it from spreading further in a building or a structure. This is done using compartment strategy. In recent times, Asia Pacific has witnessed rising investments in construction activities. The region is also witnessing an increasing number of new constructions including residential houses, commercial buildings, hotels, educational institutions, and warehouses.

Rising cases of fire accidents in the region are also expected to propel the demand for the passive fire proofing systems. The increasing incidents of fire in many Asia Pacific countries have led to a loss of life, property & finances. This factor creates an increase in consumer awareness about the importance of these systems. Many local authorities are also emphasizing on the installation of such fire safety systems into the existing infrastructures.

The cost of installation & maintenance of fire systems is high, which may hamper industry expansion. Nevertheless, the rising product adoption in the commercial sector will also offer new growth opportunities.

Asia Pacific Market, By Product

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The fire-resistant wall & floor segment will likely showcase 5% growth rate during the forecast period. Walls & floors when in use will reduce the flame, smoke & toxic gases during a fire. Moreover, such types of walls are more beneficial to human life and structure of the building in case of fire. These walls catch fire but can extinguish it. Due to the increasing awareness about these benefits, an increasing number of consumers are installing them and thus creating demand for these walls & floors in the market.

Asia Pacific Market, By Application

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The compartmentalization application segment held over 40% market share in 2020. This is one of the best strategies to reduce fire or minimize the cost due to damages. The surging construction of commercial complexes such as malls, hotels, restaurants, etc., will create market demand.

Asia Pacific Market, By End-user

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The commercial segment will witness over 4.5% CAGR between 2021 and 2027. Asia Pacific is experiencing a significant push in infrastructural projects. Rising commercial construction projects in developing countries, such as India, Bangladesh, Pakistan, and Indonesia, are likely to create a demand for passive fire proofing systems. The rising awareness of fire-proof structures and the installation of fire proofing systems in commercial buildings will boost the market demand.

Asia Pacific Market, By Country 

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China passive fire proofing system market will surpass USD 3 billion revenue by 2027 as the country has one of the biggest construction & industrial sector in the world. This has led to the installation of fire proofing systems in China. Rising awareness about fire safety and several regulations on fire proofing systems created by the Chinese government for the installation of these safety systems are estimated to propel the market demand.

Competitive Industry Landscape

Prominent participants operating across the Asia Pacific market are Rockwool, ASSA ABLOY AB, Asahi Glass Limited, Lloyd Insulations (India) Limited, Hörmann KG Verkaufsgesellschaft, Promat, Isolatek International Corporation, Ruskin Company, and Stonhard, Inc.