As per the study initiated by Evolve Business Intelligence, the global Passive Fire Protection Market size accounted for USD 4.13 billion in 2022, growing at a CAGR of 5.4% from 2023 to 2030 . The passive fire protection market is a segment of the construction and building safety industry that focuses on measures and products designed to prevent the spread of fires, protect structural elements, and ensure the safety of occupants within buildings. Passive fire protection measures do not actively suppress fires but aim to contain and slow down their spread, allowing more time for evacuation and reducing property damage.
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- The global Passive Fire Protection Market size was valued at USD 4.13 billion in 2022 growing at a CAGR of 5.4% from 2023 to 2030.
- North America dominated the market in 2022
- Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
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In terms of COVID 19 impact, the Passive Fire Protection Market report also includes the following data points:
- COVID19 Impact on Passive Fire Protection Market size
- End-User/Industry/Application Trend, and Preferences
- Government Policies/Regulatory Framework
- Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
- Opportunity in Passive Fire Protection Market
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Some of the major Passive Fire Protection Market players holding high market share include PPG Industries, Inc. , The Sherwin-Williams Company ., Rotarex , and Marioff Corporation . These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
- PPG Industries, Inc.
- The Sherwin-Williams Company
- Specified Technologies, Inc.
- Marioff Corporation
- Consilium AB Publ.
- Contego International, Inc.
- Tecresa Protection Passive
Market Segment By Product with focus on market share, consumption trend, and growth rate of Passive Fire Protection Market :
- Cementitious Materials
- Intumescent Coating
- Fireproofing Cladding
Market Segment By Application with focus on market share, consumption trend, and growth rate of Passive Fire Protection Market :
- Oil & Gas
|Market Size (2022)||$ 4.13 billion|
|CAGR (2023 to 2033)||5.4%|
|Market Segmentation||Product , Application|
|Country Covered||US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America|
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Global Passive Fire Protection Market Geographic Coverage:
- North America
- Nordic Countries
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- Latin America
- Rest of Latin America
Reasons to Buy this Report:
- Detail analysis of the impact of market drivers, restraints, and opportunities
- Competitive Intelligence provides an understanding of the ecosystem
- Details analysis of the Total Addressable Market (TAM) of your products
- Investment Pockets and New Business Opportunities
- Demand-supply gap analysis
- Strategy Planning
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