Passive Fire Protection Coatings Market Size, Share, Growth Analysis, By Product(Cementitious Materials, Intumescent Coatings, Fireproofing Cladding, Others), By End-use Industry(Oil & Gas, Infrastructure & Construction, Industrial, Transportation), By Technology(Water based and solvent based), By Region - Industry Forecast 2024-2031

North America held the significant global Passive Fire Protection Coatings market share in 2021, due to the stringent regulatory environment and growing awareness of fire safety among end users, the penetration of passive fire protection coatings in the United States is high. A growing number of large-scale infrastructure investment projects, including hotels and hospitals, in New York, Missouri, and Los Angeles are expected to boost the construction industry, driving demand for passive fire protection products in the country's residential, commercial, and industrial buildings.

Growing demand for the product from industries such as construction, industrial, and warehousing, especially in China and India, is anticipated to propel the market in the Asia Pacific. Rising demand for fire-safe infrastructures, such as commercial and residential buildings, and rising consumer awareness are anticipated to push market demand.

In Europe, the implementation of stringent fire safety regulations is expected to increase the use of passive fire protection products in construction activities. The growing emphasis on improving building fire safety standards is expected to drive demand for passive fire protection coatings over the forecast period. Growing investments by aerospace and automotive industries to improve vehicle and aircraft fire safety standards are expected to drive demand for passive fire protection coating in the region over the forecast period.