Passive Fire Protection Materials Market Size By Type,Â By Application And By Geographic Scope And Forecast
Passive Fire Protection Materials Market Size And Forecast
Passive Fire Protection Materials Market was valued at 3.60 Billion in 2019 and is projected to reach 4.92 Billion by 2027, growing at a CAGR of 4.0% from 2020 to 2027.
Global Passive Fire Protection Materials Market Outlook
The rapid growth and expansion of buildings and the construction sector in emerging countries are expected to increase the demand of the passive fire protection materials market in the coming years. Furthermore, the rise in fire accidents has led governments across the globe to improve the regulations regarding fire safety thereby, driving the passive fire protection materials market growth. Additionally, the rise in exploration activities and growing usage of passive fire protection materials in the oil & gas industry is likely to propel the market growth further. However, the price volatility of raw material prices in emerging regions may hamper the growth of this market.
Global Passive Fire Protection Materials Market Competitive Landscape
The Global Passive Fire Protection Materials Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Hilti Group, 3M, Akzo Nobel N.V., Morgan Advanced Materials, Specified Technologies Inc., ETEX, Tremco Incorporated, BASF SE, Isolatek International, and USG Corporation.
Global Passive Fire Protection Materials Market Segment Analysis
Passive Fire Protection Materials Market is segmented into Type, Application And Geography.
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