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Europe Passive Fire Protection Market Research 2020-2025 Report by Drivers, Competitive Landscape, Future Plans and Trends

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Rahul Sharma
Europe Passive Fire Protection Market Research 2020-2025 Report by Drivers, Competitive Landscape, Future Plans and Trends

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.

 

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The key driving factors responsible for the growth of Europe Passive Fire Protection market :

 

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.

 

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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