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North American Passive Fire Proofing System Market revenue to reach $9 Bn by 2027
Published Date: 2021-11-24
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North American Passive Fire Proofing System Market size is projected to cross USD 9 billion by 2027, according to a latest forecast report by Graphical Research.
Passive fire proofing materials provide protection against fire and protects areas such as escape routes and critical structure of the building. The future of the fireproofing system is expected to be more biobased. The demand is increasing due to sustainability, environmental benefits, and efficiency of bio-based fire-related systems and materials comparing to the current flame retardant systems. In addition, with the advent of advanced sorting and recycling techniques, future fireproof products are expected to contain more recyclable content. From per material standpoint, the use of bio-based chemicals is expected to gradually increase with advancements in research operations.
The commercial segment will witness around 4% CAGR in North America passive fire proofing system industry. The product penetration is fueled by an increased level of risks related to fire hazards in the commercial & industrial sectors. In addition, the improving performance of non-residential construction in the recent years will positively influence product consumption. Therefore, the rising number of commercial & industrial construction projects across the globe will generate the need for fireproof insulation as it offers significant protection against fire hazards.
Browse detailed statistical insights from the report, “North America Passive Fire Proofing System Market Forecast 2027 By Product (Fire Resistant Walls & Floors, Fire Dampers, Fire Doors, Fire Stops, Fire Resistant Glasses, Structural Steel Protection), By Application (Structural Fire Protection, Compartmentation, Fire Stopping Materials, Opening Protection), By End-user (Residential, Commercial, Institutional), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
The structural fire protection segment accounted for more than 25% market share in 2020. A range of materials, including fireproof coatings, sprays, plasters, cladding, and cementitious products are used to offer protection to the structural component of the building, such as beams and columns. Fire compartmentation is a critical measure in prevention of spread of fire. Fire proofing systems, such as fire-resistant walls & floors, fire dampers, fire resistant ceiling, etc. aid in containment of fire & smoke at one part and restrict their entry to other parts of buildings. Fire rated walls & floors protect evacuation routes from fire and smoke migration. These walls & floors are structurally stable and will remain standing in case of high temperatures.
Fire doors account for a considerable share in North America passive fire proofing system market. The high demand for these doors is due to their ability to provide a well-rounded fire safety strategy to any building or structure. They are highly used at entry and exit points to prevent spread of fire. They aid in the containment of damage by restraining the spread of fire and smoke to non-fire sections of the building. In addition, fire-rated doors are robust and offer protection not just against fire hazards but also from break-ins and potential threats.
The North American passive fire proofing system market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
North America Market, By Product
- Fire resistance walls & floors
- Fire dampers
- Fire doors
- Fire stops
- Fire resistance glasses
- Structural steel protection
North America Market, By Application
- Structural fire protection
- Fire stopping materials
- Opening protection
North America Market, By End-user
The above information has been provided for the following countries:
- North America