Press release
Europe Passive Fire Protection Market Is Expected To Grow Owing To Rising Demand From Warehousing Industry On Account Of Increasing Use Of Steel In Structure Fabrication Till 2022
Browse full research report on Global Europe Passive Fire Protection Market: http://www.grandviewresearch.com/industry-analysis/europe-passive-fire-protection-market
Further key findings from the report suggest:
• Intumescent coating segment is expected to grow at a CAGR of over 1.0% from 2015 to 2022. Rising demand for intumescent coating from oil & gas industry on account new shale gas and offshore reserves in Serbia, Russia, Romania, and Albania is expected to drive the market over next seven years.
• Warehousing industry accounted for a significant share of the demand for passive fire protection in Europe. The warehousing industry is expected to be the fastest growing application segmentwith a CAGR of 4.4% from 2015 to 2022 owing to growing investment for manufacturing of automobiles, electronics, and finished automobile & aerospace products. In addition, government policies aiming at improving and strengthening offshoring and outsourcing capabilities are expected to drive the market.
• Germany’s demand for intumescent coating was valued at USD 63.5 million in 2014. Rising demand for intumescent coating from industries including aerospace and automobile on account of improved R&D infrastructure, powerful manufacturing base, and cost efficiency is expected to drive the market growth over the forecast period.
• Poland is expected to witness a significant share of passive fire protection products on account of rapid industrialization in the region. Strong construction sector outlook on account of sustained growth in residential and non-residential infrastructure development due the influx of migrants in the nation in expected to drive demand.
• HempelMarine Paints is a key player which manufactures intumescent coatings under its protective coatings business segment. In December 2014, Hempel acquired Netherlands-based Schaepman’s Lakfabrieken B.V. in order to strengthen company business in industrial and protective coatings market.
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/hvac-and-construction-technologies
Grand View Research has segmented the Europe passive fire protection market on the basis of application and country:
Europe Passive Fire Protection Product Outlook (Revenue, USD Million, 2012 - 2022)
• Cementitious Material
• Intumescent Coating
• Fireproofing Cladding
• Others
Europe Passive Fire Protection Application Outlook (Revenue, USD Million, 2012 - 2022)
• Oil & Gas
• Construction
• Industrial
• Warehousing
• Others
Europe Passive Fire Protection Regional Outlook (Revenue, USD Million, 2012 - 2022)
• Germany
• UK
• Romania
• Poland
• Czech Republic
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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