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Published Date: 2015-08-24Number of Pages: 66

Passive Fire Protection Materials Market (Products – Sealants, Intumescent coatings, Foams & boards, and Putties, Mortar, Fire Blocks, and Cementitious Sprays; and Applications – Civil, Mechanical & Electrical, Duct, Structural Steel Fireproofing, Cable & Wire Tray Fireproofing, Doors, Windows, and Glasses) - Saudi Arabia Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

Saudi Arabia Passive Fire Protection Materials Market: Overview 

Passive fire protection is an invaluable and essential aspect of most modern construction projects and are often installed in specific areas of a building or a structure. The materials are being used to improve the fire retardant properties of a structure as well as protection against spreading smoke or fire. Passive fire protection materials are also used in the construction of fire escape routes inside buildings. The key aspects of any good passive fire protection are fire stopping barriers, opening protection, compartmentalization, and structural fire protection. 

The Saudi Arabia passive fire protection materials market is expected to expand at a CAGR of 4.4% in terms of revenue, within a forecast period from 2015 to 2023. In terms of volume, the Saudi Arabia passive fire protection materials market is expected to expand at a CAGR of 3.7% for the same forecast period. The market was valued at US$96.2 mn at the end of 2016, and is likely to reach US$131.0 mn by the end of 2023. 

Construction Sector Demand for Passive Fire Protection Materials to Skyrocket

In terms of applications, the Saudi Arabia passive fire protection materials market can be segmented into onshore and offshore oil rigs, HVAC systems, commercial and institutional buildings, and residential buildings. The construction segment has held the dominant share in the market in terms of demand volume over the recent past. Currently high construction rates in Saudi Arabia suggest that the construction sector is likely to continue leading the demand volume charts for passive fire protection materials in the region. Further boost is expected to be received by the Saudi Arabia passive fire protection materials market through the increasing number of offshore and onshore oil rigs. 

The key driver augmenting the growth rate of the Saudi Arabia passive fire protection materials market now and for the immediate future is the surge in construction projects being undertaken in this region. Government regulations and improving public and personnel safety concern standards are pushing organizations and construction companies to fully make use of passive fire protection materials, thereby driving the market. At the same time, the market is expected to suffer due to the increasingly stringent government regulations against the use of materials with high VOCs. 

Demand for Boards and Foams to Rise

In terms of product types, the Saudi Arabia passive fire protection materials market can be segmented into the key segments of sealants, intumescent coatings, and foams and boards. In 2014, foams and boards took up nearly 90% of the Saudi Arabia passive fire protection materials market in terms of demand volume. It is also likely that this segment will continue to lead the market, due to the ease of use and high efficiency of most foam and board products. Calcium silicate boards are commonly used as passive fire protection products. 

The Saudi Arabia passive fire protection materials market is likely to remain a moderately fragmented one over the coming years. While there are a couple of prominent names in the market, including 3M Company, Hilti Group, The Fireseal Group, Fire Protection Ltd., Conquest Firespray LLC, Carboline Company, Darchem Engineering Ltd., NAFFCO, Electropar Preformed Line Products, and Passive Fire Protection Partners, the massive number of regional players is making it difficult to keep a consolidated approach towards growth.

 
Passive fire protection (PFP) is integral to any structural fire safety measures. Structural fire protection, compartmentation, opening protection, and fire stopping barriers are the four major areas where passive fire protecting measures are generally implemented. Passive fire protection materials are used in accordance to building code and fire code enacted by local governing bodies. 
 
Rise in construction activities in Saudi Arabia is estimated to boost demand for passive fire protection materials in the region in the next eight years. Additionally, increase in the number of rig counts in the Middle East is anticipated to drive the passive fire protection materials market in the region in the next few years. However, stringent governmental regulations over emission of volatile carbon compounds (VOCs) are projected to hamper market growth. Furthermore, long time taken to test products is likely to impede the passive fire protection materials market. Technological and product innovation are anticipated to provide immense opportunities to manufacturers operating in the passive fire protection materials market.
 
This report provides detailed description of the passive fire protection materials market in Saudi Arabia in terms of volume (Tons) and revenue (US$ Mn) for the period from 2014 to 2023. It highlights factors contributing to growth of the market and enumerates restraints faced by the market. The market has been described with respect to various segments along with opportunities that are projected to arise during the next eight years.
 
The passive fire protection materials market has been segmented based on products such as sealants, intumescent coatings, foams & boards, and others (including putties, mortar, cementitious sprays, and fire blocks). Based on application, the market has been segmented into civil, mechanical & electrical, duct, structural steel fireproofing, cable & wire tray fire proofing, and others (including doors, windows, and glasses). The study provides forecast and estimates for each product segment and application in terms of revenue and volume during the forecast period.
 
Value chain analysis and Porter’s Five Forces model have been provided for a comprehensive view of the market. These throw light on dynamics of the industry structure besides providing an overview of degree of competitiveness in the market. The report also includes raw material and price trend analysis of passive fire protection materials from 2014 to 2023. Additionally, the report encompasses key research findings though primary interviews with major industry experts and opinion leaders in order to substantiate secondary research.
 
Secondary research sources referred to include company websites, annual reports, broker reports, investor presentations, financial reports, and SEC filings. In-depth interviews and discussions with a wide range of key industry participants and opinion leaders were conducted to compile this research report. Primary research represents bulk of research efforts, supplemented by an extensive secondary research. Key players’ product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. These helped validate and strengthen secondary research findings. Primary research further developed the analysis team’s expertise and market understanding.
 
The report comprises profiles of key players operating in the passive fire protection materials market. These profiles include company overview, product portfolio, business strategies, and recent developments such as acquisitions, mergers, expansion or product launch. The report covers the following 10 companies: 3M Company, Hilti Group, The Fireseal Group, Fire Protection Ltd., Conquest Firespray LLC, Carboline Company, Darchem Engineering Ltd., NAFFCO, Electropar Preformed Line Products, and Passive Fire Protection Partners.
The report segments the passive fire protection materials market in Saudi Arabia as follows:
  • Saudi Arabia Passive Fire Protection Materials Market - Product Segment Analysis
    • Sealants
    • Intumescent coatings
    • Foams & boards
    • Others (Including putties, mortar, fire blocks, and cementitious spray)
  • Saudi Arabia Passive Fire Protection Materials Market – Application Analysis
    • Civil
    • Mechanical & Electrical
    • Duct
    • Structural Steel Fireproofing
    • Cable & Wire Tray Fireproofing
      • Others (Including doors, windows, and glasses)


 
 
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