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Passive Fire Protection Materials Market Revenue & Growth Analysis 2024 By Top Players harpfibre, Kansai Paint, Lloyd Insulations, 3M, Rudolf Hensel, Nullifire, Teknos, Akzo Nobel, Promat International, PPG Industries, Sherwin-Williams and Hempel.

Passive Fire Protection Materials Market

Passive Fire Protection Materials Market

North America passive fire protection materials market size is likely to grow at a CAGR with 8% by 2024. This is primarily due to rising product end-users across various end-user industries including construction, transportation, oil & gas, manufacturing, warehousing, etc. which will propel the business size by 2024. Intumescent coatings are widely used in oil & gas industry mainly in the U.S. during exploration activities to reduce damage in the high-risk environment. Additionally, increasing R&D investment for the development of advanced coatings used in fireproofing is mainly attributed to stringent legislations formulated by regional regulatory bodies which propels the passive fire protection materials market size in the region.

According to a new research report by Global Market Insights, Inc. Passive Fire Protection Materials Market size is poised to surpass USD 27 billion by 2024.

Request For Sample copy of this report @
https://www.gminsights.com/request-sample/detail/2305

Passive fire protective sealants market size is anticipated to rise at a CAGR of over 8% by 2024. These materials are widely applicable for firestop in walls, floors, curtain wall joints, and in linear joints between walls and floors. They expand within the joints to provide fire & vapor sealed environment and are highly preferred in maintaining safety standards across various industries such as oil & gas, warehousing, manufacturing, construction, etc. and henceforth is probable to make substantial impact on passive fire protection materials market size by 2024.

Based on the end-users, building & construction segment for passive fire protection materials market is projected to grow with CAGR of about 8.5% by 2024. This is attributed to strong persistence by regional regulatory bodies primarily in emerging economies to enhance safety standards in residential & commercial buildings.

For instance, Association of Specialist Fire Protection (ASFP) have been encouraging to improve the quality of installed fire protection in all forms to improve the safety standards and reduce damage across high-risk environments which in turn will make significant contribution to passive fire protection materials market size by 2024.

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https://www.gminsights.com/inquiry-before-buying/2305

Unstable prices for raw materials which are widely used in making passive fire proofing materials is probable to hinder the passive fire protection materials market size by 2024. Furthermore, persistent need to enhance safety standards across various industries such as manufacturing, oil & gas, warehousing, automotive, aerospace, etc. will drive the overall passive fire protection materials market size by 2024.

Strong demand for hydrocarbon based intumescent coatings from oil & gas industry will propel passive fire protection materials market size during the forecast timespan. These materials are extensively preferred across various end-user industries including construction, oil & gas, warehousing, manufacturing, etc. owing to its exceptional properties to tackle situations in case of fire emergency.

For instance, intumescent coatings are highly preferred in oil & gas sector due to high risk environment which is mainly due to presence of highly flammable compounds which will help in making significant gains to passive fire protection materials market size by 2024.

Browse Report Summery @
https://www.gminsights.com/industry-analysis/passive-fire-protection-materials-market

Rapidly rising exploration activities in North America which is due to abundance of shale oil/gas reserves is probable to be a major factor which will help augment passive fire protection materials market size by 2024. For instance, as per the Energy Information Administration (EIA), the U.S. has approximately 200 trillion cubic feet (tcf) of proved shale gas resources.

Passive fire protection materials market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2013 to 2024, for the following segments:

Passive fire protection materials market of product by end-user
o Sealants
• Building & construction
• Oil & gas
• Transportation

Intumescent coatings
• Building & construction
• Oil & gas
• Transportation
• Others

Foams & boards
• Building & construction
• Oil & gas
• Transportation

Building & construction
• Oil & gas
• Transportation

Passive fire protection materials market by end-user
• Building & construction
• Oil & gas
• Transportation
• Others

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com/

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