Passive Fire Protection Market  Growth, Global Survey, Analysis, Share, Company Profiles and Forecast by 2027

The Increasing exploration activities in the oil & gas industry, rapid urbanization, and boom in the construction sector in developing countries and increasing consumer awareness and fire safety regulations are driving the demand for the market.

The global passive fire protection products market is forecast to reach USD 5.65 Billion by 2027, according to a new report by Reports and Data. It is expected that strict legislation related to employee health in developing economies will push demand. The government in the developed economies are concerned about the workers' health and safety. The end-use industries are required by many federal laws and requirements to provide protective garments for employees who work in unsafe conditions. Demand for protective products is anticipated to witness considerable growth in the manufacturing, chemical, oil and gas, and construction sectors due to increasing worker safety concerns. It is expected that increased visibility to monitor industrial accidents and deaths in the workplace would further fuel demand.

Improving government regulations in Europe, Asia Pacific is observed to have a significant impact on the growth of the passive fire protection products market as a result of rising concerns regarding worker safety. Growing exploration activities in the global oil and gas industry are likely to promote market growth. The existence of high-risk atmosphere due to the presence of volatile and highly flammable materials in the processing of oil & gas makes the use of a passive fire safety device particularly relevant, thereby increasing the market for the drug.

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The basic objective of this report is to deliver details pertaining to the growth of this market, with respect to the rising demand from various sectors. The market report comprises an in-depth study of the current trends, growth opportunities, sectors likely to depict high growth prospects, industry drivers, and more, that would help shareholders undertake major decisions. 

This report also focuses on the passive fire protection products market size with respect to the volume and value – at the regional, company, and worldwide levels. Market strategies are undertaken, with regard to the current and future industry scenarios have also been enlisted in the study. 

Market Overview:

Manufacturing industries are those that work with goods, materials, or substances to create new things. Physical, chemical, or mechanical transformations are possible. Manufacturers frequently have plants, mills, or factories that generate consumer items. In the production process, machines and equipment are commonly employed. Although items can be made by hand in some instances. Baked foods, homemade jewelry, and other handicrafts and art are examples of this.

Food, beverage, tobacco, textiles, apparel, leather, paper, oil and coal, plastics and rubbers, metal, equipment, computers and electronics, transportation, furniture, and others are all major manufacturing businesses.

The global passive fire protection products Market Industry report also delivers massive details pertaining to the information regarding the industry – these are inclusive of important facts and figures, the latest developments, and expert ideas. The study provides a complete assessment of the summary of this business sphere, is inclusive of the evaluation of the present scenario as well as the growth factors. In addition, the assessment includes details about the present market trends as well as industry growth rate, industry revenues, market projections, top companies, market revenue, industry sales, suppliers, and sales statistics.

Further key findings from the report suggest

  • The APAC is projected to escalate with an anticipated CAGR of 5%, and the market in developing nations like China and India is growing due to the growing construction sector. Government initiatives for urbanization and industrialization have brought about fast expansion in the country's manufacturing sector, which will positively affect regional growth.
  • Cementitious materials represented a 42.8% market share in 2019 and are estimated to be the dominant part due to the condensation control property of these materials.
  • Due to the presence of a high-risk environment attributed to the prevalence of flammable and explosive substances at facilities, the oil & gas industry accounted for 28.2% of the global share in 2019. passive fire protection products systems have gained more considerable significance in the oil & gas industry as they help avoid damage.
  • Constant material manufacturing advances to produce highly effective passive fire safety devices are expected to accelerate development in the industry. Additionally, rising product demand for better thermal and acoustic insulating material, together with aesthetic appeal, is anticipated to offer market growth avenues.

Top Players in the Global passive fire protection products Market:

Lloyd Insulations (India) Ltd, Nullifire, Sharpfibre, 3M, HempelMarine Paints, Carboline, Leigh's Paints, HILTI, Rudolf Hensel GmbH, and Sherwin-Williams, among others.

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passive fire protection products Market Segmentation:

Product Outlook (Revenue, USD Billion; 2017-2027)

  • Cementitious Materials
  • Intumescent Coating
  • Fireproofing Cladding
  • Others

End-use Industry Outlook (Revenue, USD Billion; 2017-2027)

  • Oil & Gas
  • Construction
  • Industrial
  • Warehousing
  • Others

Application Outlook (Revenue, USD Billion; 2017-2027)

  • Structural
  • Compartmentation
  • Opening Protection
  • Firestopping material

Global passive fire protection products Market Report: Regional Segmentation

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • Italy
    • France
    • BENELUX
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • U.A.E.
    • South Africa
    • Rest of MEA

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Frequently Asked Questions Answered in the Report:

  • What is the estimated revenue growth rate of the global passive fire protection products market over the forecast period?
  • What are the major factors driving the global market revenue growth?
  • Which are the leading manufacturers and suppliers in the global passive fire protection products market?
  • Which regional market is expected to lead in terms of revenue share in the global passive fire protection products market over the forecast years?
  • What are the key outcomes of SWOT analysis and Porter’s Five Forces market analysis?

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