Passive fire protection is considered one of the essential parts of structural fire protection and fire safety in buildings. This type of protection divides the building into compartments and slows down the spread of the fire. Passive fire protection material consists of a variety of products and practices. These materials can basically be embedded within the structure and the buildings. In comparison to active fire protection materials, these materials have a low maintenance cost.
MARKET DYNAMICS
The rise in the number of large-scale infrastructures such as hotels, malls, hospitals, and many more have driven the construction industry, which in turn is leading to increasing demand for passive fire protection materials. The increase in consumer awareness about fire safety has also increased the demand for passive fire protection materials in the construction sector. Many governments have emphasized deploying passive fire protection material in buildings, which is also driving the growth of the market.
MARKET SCOPE
The "Global Passive Fire Protection Material Market is to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the passive fire protection material market with detailed market segmentation by product, application, industry and geography. The global passive fire protection material market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading passive fire protection materials market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Global Passive Fire Protection Materials Market is segmented on the basis of product, application and industry. On the basis of product, the market is segmented into sealants, intumescent materials, foams and boards and others. On the basis of application, the market is segmented into structural, compartmentation, opening protection and firestopping materials. On the basis of industry, the market is segmented into building and construction, oil and gas, transportation and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global passive fire protection material market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The passive fire protection material market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the passive fire protection material market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the passive fire protection material market in these regions.
MARKET PLAYERS
The reports cover key developments in the passive fire protection material market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from passive fire protection material market are anticipated to lucrative growth opportunities in the future with the rising demand for passive fire protection material in the global market. Below mentioned is the list of few companies engaged in the passive fire protection material market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the passive fire protection material market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Lloyd Insulations (India) Limited
- CPG EUROPE
- Sharpfibre Limited
- 3M
- Hempel A/S
- The Sherwin-Williams Company
- Rudolf Hensel GmbH
- PPG Industries, Inc
- HILTI
- Carboline
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