The growth of accidents and the loss of assets caused
due to fire on a global scale is one of the major factors driving the demand
for passive fire protection materials. The global market for passive fire
protection material is witnessing tremendous growth since the last decade. 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 global market for passive fire protection materials
is expected to grow at a double digit rate over the next six years. The market
is primarily driven by the increase in incidences of fire related accidents on
a global scale. The death toll caused due to fire accidents was estimated to be
over 12,000 in the U.S., over 6,800 in Europe and more than 50,000 in the Asia
Pacific region per year till 2010. The loss of assets caused due fire
accidents was approximately USD 90 billion globally in 2010. So in order to
decrease these figures, the world is shifting its focus towards the use of
passive fire protection materials which help in minimizing the accidents caused
due to fire.
However, the market is highly dependent on the health of the
economies in various regions.
The global market for passive fire protection materials
is considered to be highly fragmented with a large number of participants
operating in the global market and enjoying almost equal amount of market
share. Asia Pacific holds immense opportunities for the players operating in
the market owing to a steady growth in the construction industry, mainly in
emerging economies of China and India. China and India are two of the fastest
growing economies of the world whose GDP growth rates are increasing at a
faster pace than the global GDP growth rate. The rapid rate of
construction in Eastern Europe is also expected to drive the market over the
next six years.
Some of the major companies operating in the global
market for passive fire protection materials include ADT Fire & Security,
Cooper Industries, GE Security, and Honeywell Inc.
This research report analyzes this market depending on
its market segments, major geographies, and current market trends. Geographies
analyzed under this research report include
North America
Asia Pacific
Europe
Rest of the World
This report provides comprehensive analysis
of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years
This report is a complete study of current trends in
the market, industry growth drivers, and restraints. It provides market
projections for the coming years. It includes analysis of recent developments
in technology, Porter’s five force model analysis and detailed profiles of top
industry players. The report also includes a review of micro and macro factors
essential for the existing market players and new entrants along with detailed
value chain analysis.
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