Passive fire protection measures are installed in different areas of a building or structure. These materials are used to provide protection and safety against the spread of smoke or fire.
Albany, NY -- (SBWIRE) -- 06/06/2016 -- 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.
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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.
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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.
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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.
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