Press release
What are the Growth Drivers of Passive Fire Protection Materials Market? Sharpfibre, Kansai Paint, Lloyd Insulations, 3M, Rudolf Hensel, Nullifire, Teknos, Akzo Nobel, Promat International, PPG Industries, Sherwin-Williams and Hempel
Passive Fire Protection Materials Market
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.
Request sample copy of this report @ https://www.gminsights.com/request-sample/detail/2305
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.
Growth drivers are
1. Strong growth in automotive & aerospace industry
2. Rising fire safety standards due to stringent regulations
3. Rapidly growing building & construction industry in Asia Pacific
4. Rising oil & gas exploration activities in North America
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.
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.
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.
Browse Complete Summary of this report @ https://www.gminsights.com/industry-analysis/passive-fire-protection-materials-market
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.
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.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2305
Major passive fire protection materials market share contributors are Sharpfibre, Kansai Paint, Lloyd Insulations, 3M, Rudolf Hensel, Nullifire, Teknos, Akzo Nobel, Promat International, PPG Industries, Sherwin-Williams and Hempel. Most of the companies are making significant investment in their R&D facilities to develop advanced materials and attain competitive advantage in the market. For instance, Jotun has initiated to set up a new R&D center which will cost over USD 6 million at its site in Flixborough, United Kingdom. It is intended to focus on passive fire protection and insulation coatings innovation which will help accomplish higher gains than competitors in the region.
Contact Us
Contact Person: 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
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.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release What are the Growth Drivers of Passive Fire Protection Materials Market? Sharpfibre, Kansai Paint, Lloyd Insulations, 3M, Rudolf Hensel, Nullifire, Teknos, Akzo Nobel, Promat International, PPG Industries, Sherwin-Williams and Hempel here
News-ID: 1790951 • Views: …
More Releases from Global Market Insights, Inc.
Hepatitis B Vaccine Market Set to Surpass $12 Billion by 2034
The global hepatitis B vaccine market is poised for significant expansion over the next decade, fueled by rising liver disease cases, expanded immunization coverage, and advancements in vaccine development. Valued at USD 6.7 billion in 2024, the market is projected to reach USD 7.3 billion in 2025 and surge to USD 12 billion by 2034, reflecting a healthy compound annual growth rate (CAGR) of 5.7%.
A major driver behind this growth…
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
More Releases for Passive
Passive Rfid Tags Market Size Analysis by Application, Type, and Region: Forecas …
According to Market Research Intellect, the global Passive Rfid Tags market under the Internet, Communication and Technology category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
The passive RFID tags market is experiencing significant growth, fueled by increasing demand for inventory management, asset…
Passive Electronic Components Market 2025-2032
Passive Electronic Components Market Overview
The three basic passive electronic components are resistors, capacitors, and inductors. Other passive components include transformers, diodes, thermistors, varactors, transducers, and many other common components.
This report provides a deep insight into the global Passive Electronic Components market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market…
Passive Optical LAN Market
The research study conducted by Report Ocean on the "Passive Optical LAN Market" spans over 100 pages and delves into various facets of this market. It analyses the business strategies adopted by emerging industry players, examines the geographical scope, dissects market segments, evaluates the product landscape, and investigates price and cost structures. This research report facilitates market segmentation based on the latest Market trends, geographical market, and technological advancements. Each…
Passive Speaker Market High-Quality Sound Reproduction with Passive Speaker Tech …
Global Passive Speaker Market Overview:
The Passive Speaker market is a broad category that includes a wide range of products and services related to various industries. This market comprises companies that operate in areas such as consumer goods, technology, healthcare, and finance, among others.
In recent years, the Passive Speaker market has experienced significant growth, driven by factors such as increasing consumer demand, technological advancements, and globalization. This growth has created both…
Passive Defence Electronics Solutions
Shoghi Communications Ltd is a leading technology oriented company in the domain of Intelligence, Surveillance and Reconnaissance. During its journey of twenty years, Shoghi has innovated and developed a large portfolio of products which are capable of monitoring various types of communication media especially in satellite, mobile and radio communication domains. Its customers include defence, intelligence and homeland security organisations in more than seventy countries covering Africa, Latin America, Middle…
Passive Optical LAN (POL) Market: Accelerating Bandwidth Requirements Driving Ne …
The market for passive optical LAN (POL) is poised for substantial growth in the coming years, registering a double-digit CAGR through the forecast period. Escalating bandwidth requirements, coupled with the energy efficient nature of passive optical components, is driving the POL market. The growth of networking technologies in the Asia Pacific and RoW markets, increasing fiber deployments, and rising investments in technological advancements and research infrastructure across both the regions…
