Passive Fire Protection Coatingsfire accidents, passive fire protection coatings are extensively being used in various industries such as construction, oil & gas, transportation, and many more. These coating are added to steel structures so that they can withstand fire and prevent the structures from reaching extreme temperatures wherein there is a threat of collapsing. They are specifically used in high-rise buildings or sports stadium and complex and many more critical structures. These coatings require less maintenance, are highly durable, have longer shelf-life and are corrosion resistant; these benefits are increasing the popularity of the market worldwide. This report studies the current and future aspects of the passive fire protection coatings market.
The report on the global passive fire protection coatings market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions. It also focuses on the growth drivers and restraints for the key market players during the forecast period.
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The global passive fire protection coatings market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. Out of all, the Asia Pacific region holds the highest market share. The growing middle-class population and the improved standard of living is driving the market growth in this region. The increasing urbanization and focus on fire safety in commercial and residential buildings is promoting the growth of passive fire protection coatings in the construction industry within the region. The key market players are shifting the production plants from North America and Europe region to Asia Pacific region because of presence of less stringent norms and safety standards and availability of low-cost labor. This factor is favoring the progress of the passive fire protection coatings market in this region.
This report analyzes the passive fire protection coatings market by the following segments:
Passive Fire Protection Coatings Market, by Type
Passive Fire Protection Coatings Market, by Technology
Passive Fire Protection Coatings Market, by End-use Industry
1. Building & Construction
2. Oil & Gas
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