Feb 26, 2021: Europe Passive Fire Protection Market is anticipated to reach USD 1.57 billion by 2022 owing to growing warehouse industry that extensively uses steel in structure fabrication. Passive fire protection are the building material that offer safety & protection against heat, smoke, toxic gases and flames. These materials reduce the damage of the building inflicted with fire, delay the building collapse time and reduce probable health risks of the building habitats. Hence, it offers strength to the building to survive fire for stipulated time and ensures safety of the occupants.
Europe
passive fire protection industry is influenced by the increase in demand for
longer building protection against fire along with least loss of assets present
during the calamity. Additionally, increasing infrastructural developments
coupled with growing demand for decorative intumescent coatings is expected to
augment Europe passive fire protection market in future. Steady growth observed
in infrastructural developments from residential and non-residential sectors
due to migrant activities is encouraging the growth of Europe passive fire
protection industry. However, unstable prices of epoxy resins due to volatility
in raw material prices is predicted to hamper the market growth of Europe
passive fire protection.
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Europe
passive fire protection market is categorized on the basis of product,
application and geography. On the basis of product, the market is divided into
solvent based and water based. Water based coatings are expected to hold larger
share of Europe passive fire protective market in near future due to better
weather resistant quality.
In
terms of application, Europe passive fire protection industry is split into oil
& gas, transportation, building and construction and others. Owing to
extensive use of fireproofing cladding products in residential and commercial
buildings, construction segment is expected to lead Europe passive fire
protective market in the years to come.
Geographically,
Europe passive fire protection market is segmented as Belgium, Austria, Poland,
Hungary, Slovakia, Romania, and the Czech Republic. Poland is predicted to
dominate the market of Europe passive fire protection owing to speedy
industrialization and developments in the region. The major players in Europe
passive fire protection industry include AkzoNobel N.V., HempelMarine Paints,
Nullifire, RPM International Inc. and The Sherwin-Williams Company.
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Market Segment:
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
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