passive fire protection materials market was valued nearly USD 17 Billion in 2019 and is expected to overrun USD 25 Billion in 2025,
Passive Fire Protection Materials Market
This report analyzes and estimates the passive fire protection materials market at global, regional, and country level. The research study provides historic data from 2015 to 2019 along with the forecast from 2020 to 2025 based on revenue (USD Billion). The report offers detailed insights of the passive fire protection materials market drivers and restraints along with their impact analysis at a global level from 2015 to 2025.
The report covers an in-depth analysis of the strategies adopted by major competitors in the global passive fire protection materials market. To understand the competitive landscape in the passive fire protection materials market, an analysis of Porter’s Five Forces model is also included. The research study comprises of market attractiveness analysis, wherein all the segments are benchmarked on the basis of their market size and growth rate.
The research study provides a decisive view on the global passive fire protection materials market based on product, industry, application, and region. All the segments of the market have been analyzed based on the past, present, and future trends. The market is estimated from 2019 to 2025.
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.
The report encompasses the comprehensive analytical study of the global passive fire protection materials market by segmenting it on the basis of product, industry, application, and region. Based on the product, the global market is segmented into intumescent materials, foams & boards, sealants, and others. By industry, the industry is categorized into oil & gas, building & construction, transportation, and others. Application-wise, the global market is bifurcated into firestopping materials, compartmentation, structural, and opening protection. The regional segmentation comprises the past, present, and estimated demand for the Middle East & Africa, North America, Asia Pacific, Latin America, and Europe. The regional segment is further split into the U.S., Canada, Mexico, UK, France, Germany, China, Japan, India, South Korea, Brazil, and Argentina among others.
Some of the essential players flourishing the global passive fire protection materials market, but not restricted to include 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