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Passive Fire Protection Market 2023 Global Trends, Opportunity Assessment, Demand Factors And Forecast To 2032 | Major Key Players Are 3M, PPG Industries Inc., Sherwin-Williams, Rotarex Firetec, Specified Technologies Inc
Passive Fire Protection Market
As per the Passive Fire Protection Market report by The Business Research Company, the growing construction sector is driving the growth of the passive fire protection market. Construction is a sector that deals with the building, maintenance, and repair of structures and buildings, as well as the construction of roadways and service facilities.
The global passive fire protection market size grew from $4.44 billion in 2022 to $4.81 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The passive fire protection market size is expected to grow to $6.27 billion in 2027 at a CAGR of 6.9%.
Read More On The Passive Fire Protection Market Report Here:
https://www.thebusinessresearchcompany.com/report/passive-fire-protection-global-market-report
Major competitors in the Passive Fire Protection Market include 3M, PPG Industries Inc., Sherwin-Williams, Rotarex Firetec, Specified Technologies Inc., Contego International Inc., Mercor Tecresa, Lloyd Insulations (India) Limited, Hempel A/S, Rudolf Hensel GmbH, Hilti, Akzo Nobel N.V., No-Burn Inc., Promat, Isolatek International, Envirograf, RPM International Inc., and Albi Protective Coatings.
The Passive Fire Protection Market is segmented -
By Product: Cementitious Materials, Intumescent Coating, Fireproofing Cladding, Other Products
By Application: Structural, Compartmentation, Opening Protection, Firestopping Material
By End-User: Oil And Gas, Construction, Industrial, Warehousing, Other End-Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Passive Fire Protection Market.
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The passive fire protection includes fire protection products that are integrated into the building structure for stability, as well as into the walls and floors to divide the building into manageable risk compartments. Passive fire prevention is a part of any fire safety system that prevents a fire from spreading by protecting firefighters and allowing inhabitants to flee.
The Table Of Content For The Passive Fire Protection Market Include:
1. Executive Summary
2. Passive Fire Protection Market Characteristics
3. Passive Fire Protection Market Trends And Strategies
4. Passive Fire Protection Market - Macro Economic Scenario
5. Passive Fire Protection Market Size And Growth
……
27. Passive Fire Protection Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Passive Fire Protection Market
29. Passive Fire Protection Market Future Outlook and Potential Analysis
30. Appendix
The "Global Passive Fire Protection Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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