The UK market for passive fire protection
products has seen good growth during the last two years, in line with increased
construction output. According to a new report by AMA Research, strong value
growth of 23% was achieved between 2013 and 2015, driven by higher levels of
construction and RMI activity. Forecasts indicate a more subdued performance in
the short term, with lower levels of construction activity anticipated
following the decision to leave the EU.
The passive
fire protection market is comprised of fire resistant doors, fittings
and intumescent seals, cables, partitions and suspended ceilings, glass, structural
protection and ductwork and damper systems. This market is highly dependent on
new construction activity, particularly in the key end use sectors of offices,
education, healthcare and industrial, with product development and regulatory
changes also key factors contributing to value growth in recent years.
Fire resistant doors, fittings and seals represents
the largest sector of the market, accounting for around 60% of total market
value. Product development is an important driver, and recent innovations
include intumescent coatings with shortened drying times; electronic fire door
closers that are linked to fire alarm systems; and more flexible fire stopping
pipe collars that allow a greater range of applications compared to
conventional collars.
Within the passive fire protection market,
there are a number of vertically integrated manufacturers-installers operating
across the fire and security sector. In addition, there are a number of
manufacturers operating in a specific sector, e.g. suspended ceilings, offering
fire resistance within their product range, while others are specialist
manufacturers of passive fire protection products. Other key suppliers are large
multi-national corporations with interests across a broad range of sectors and
products.
Distribution channels and routes to market
vary depending on the type of fire protection product. Some manufacturers also
install their own products, and specialist installers play a significant role,
as specific fire-related expertise is often required to ensure passive fire
protection will perform as expected in the event of a fire.
Keith Taylor, Director of AMA Research said: “Underlying prospects for the fire
protection market remain positive, though the short term growth is brought into
question by the recent referendum and the likely resulting shock to the
economy. That said, the medium term forecasts are stable and growth in the
market is anticipated at around 1-3% per annum until 2020.”
New office construction, a key market for
fire protection products, is forecast to experience a moderate fall in the
short term with delays in investment and expansion expected following the
Brexit decision. This may impact on demand in a number of product sectors in
the passive fire protection market including structural, suspended ceilings and
partitions.
Education is also a major sector for fire
protection products such as structural, ceilings, doors and cabling. Public
sector investment is the key driver for this sector, and the most recent
Government Spending Review forecasts that the level of investment in new school
building will increase significantly over the next few years. Capital building
programmes in the higher education sector might also provide impetus to the
market in the short to medium term.
The ‘Passive
Fire Protection Market Report – UK 2016-2020 Analysis’ report is published
by AMA Research, a leading provider of market research and consultancy services
within the construction and home improvement markets. The report is available
now and can be ordered online at www.amaresearch.co.uk or by calling 01242
235724.
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