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Passive Fire Protection Materials Market 1

Passive Fire Protection Materials Market

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Passive Fire Protection Materials Market 1

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  1. Passive Fire Protection Materials Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2027) © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  2. Global Market Scenario of Passive Fire Protection Materials Industry • Global Market Insights Inc., estimates that the passive fire protection materials market may surpass USD 9 billion by 2027. • The unprecedented need for organic compound-based coating products in the petroleum sector is anticipated to fuel passive fire protection materials market growth. Passive fire preventive materials are widely used across the warehousing, manufacturing, construction, and petroleum industries to enhance the safety of people and the environment. These materials prevent a fire from spreading in an event of an outbreak. • Constant industrialization and urbanization have led to a surge in the development of buildings infrastructures, thereby boosting the deployment of fire protection material to enhance the safety. Stringent laws introduced to enhance protection of working personnel across the aforementioned industries has further accelerated the deployment of passive fire protection materials. • Fluctuating prices of the raw materials used in the development of passive fire protection materials could retrain market growth. Nevertheless, a need to improve safety criteria across numerous end-user verticals would propel its adoption in the years to come. © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  3. Continue:- • Based on product, the foams & boards segment in the passive fire protection materials industry is expected to record more than 8% CAGR in the forthcoming years. Fire-rated foam board is a high-density and mineral fiber board that is coated on both sides with intumescent mastic. It prevents fire from spreading through wall gaps. These protective materials have widespread applications among numerous industries like petroleum, manufacturing, warehousing, and construction. • The petroleum industry for passive fire protection materials market is expected to register over 8.0% CAGR over the forecast period. This is can be attributed to increasing exploration activities primarily in the United States and the Middle East. • Dealing with flammable compounds could potentially result in events of fire crisis. The surging needs to attain safety for health and environment may led to the formulation of stringent laws, which in return may fuel the passive fire protection materials market growth. • Geographically, Middle East & Africa would offer lucrative growth opportunities to the passive fire protection materials market. Studies suggests that the regional industry may accelerate at a rate of more than 9% CAGR over the forecast period. © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  4. Request for sample copy of this research report@ https://www.gminsights.com/request-sample/detail/2305 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  5. 360° Industry Analysis • The flourishing construction industry, primarily in GCC nations, and the abundance of oil reserves in Middle East may spur market growth. Moreover, improving human safety standards introduced to prevent fire accidents on site may significantly influence MEA passive fire protection materials market growth. • These companies are investing heavily in their research and development activities to develop advanced products and gain a competitive advantage. For instance, Hempel is investing in its Barcelona-based innovative R&D facility that is focused solely on the development of passive fire protection (PFP) coatings. Request for customization:https://www.gminsights.com/roc/2305 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  6. Competitive Analysis: • Notably, PPG Industries, Hempel, Rudolf Hensel, Promat International, Lloyd Insulations, Teknos, Sharpfibre, Nullifire, Kansai Paint, 3M, Akzo Nobel, and Sherwin-Williams are currently at the forefront of passive fire protection materials industry. © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  7. Latest Research Report On Passive Fire Protection Materials Market@ https://www.gminsights.com/industry-analysis/passive-fire-protection-materials-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/2305 Request for customization: https://www.gminsights.com/roc/2305 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  8. Stay In Touch You can visit us at: www.gminsights.com Thank You…! © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

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