20-Feb-2020 | Zion Market Research
Zion Market Research has published a new report titled “Global Passive Fire Protection Materials Market – By Product (Intumescent Materials, Foams & Boards, Sealants, and Others), By Industry (Oil & Gas, Building & Construction, Transportation, and Others), By Application (Firestopping Materials, Compartmentation, Structural, and Opening Protection), And By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025.” According to the report, global demand for passive fire protection materials market was valued nearly USD 17 Billion in 2019 and is expected to overrun USD 25 Billion in 2025, growing at a rate of over 7.5% between 2019 and 2025.
Browse the full “Global Passive Fire Protection Materials Market – By Product (Intumescent Materials, Foams & Boards, Sealants, and Others), By Industry (Oil & Gas, Building & Construction, Transportation, and Others), By Application (Firestopping Materials, Compartmentation, Structural, and Opening Protection), and By Region: Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2025.” Report at https://www.zionmarketresearch.com/report/passive-fire-protection-materials-market
The prime function of passive fire protection materials is to restrict the flames from further spreading. Unlike active fire protection products, these materials do not need any trigger or motion to perform its dedicated task efficiently. The passive fire protection materials can adhere to established infrastructures such as residential and commercial buildings. Moreover, their maintenance is quite economical, if compared to active fire production systems’.
The extensive use of passive fire protection materials in the building & construction sector along with the growing count of fire safety-related regulations are probably escalating the global passive fire protection materials market during the study timeframe. However, the volatile cost of raw materials and decelerating global economy can hamper the global market growth in the future.
“Intumescent materials” segment directs the global passive fire protection materials market and is escalating splendidly
The global passive fire protection materials market is bifurcated into four diverse categories based on the product: intumescent materials, sealants, foams & boards, and others. Among all, the intumescent materials category holds the maximum revenue share in the global market and is considered the fastest-growing segment during the forecast period. Intumescent materials serve as a safeguard for steel-based infrastructure used in various industries like oil & gas, building & construction, transportation, etc.
Oil & gas industry in the U.S. considerably drives the passive fire protection materials market
As per the recent review conducted by the U.S. Energy Information Administration, global oil consumption is likely to reach 1.3 million BPD (barrels per day) and the supply rate will reach 1.6 million BPD in 2020. Technological advancements and novel drilling approaches will significantly augment oil and gas production globally. This escalating oil production trend will fuel the demand for passive fire protection materials worldwide.
Some of the key players driving the global passive fire protection materials market are HILTI, Saint-Gobain, PPG Industries, 3M, Jotun, Carboline, Nullifire, Sherwin-Williams, KANSAI PAINT, Rudolf Hensel GmbH, Sharpfibre, Promat International, Hempel, Lloyd Insulations Ltd., AkzoNobel, and Teknos Group.
The global passive fire protection materials market is segmented as:
Global Passive Fire Protection Materials Market: Product Segmentation Analysis
Global Passive Fire Protection Materials Market: Industry Segmentation Analysis
Global Passive Fire Protection Materials Market: Application Segmentation Analysis
Global Passive fire protection materials Market: Regional Segmentation Analysis
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651