Passive Fire Protection Market Size, Emerging Trends and Outlook to 2022: Hexa Reports

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Passive Fire Protection Market Analysis, Share and Size,

Emerging Trends, Growth, Overview, Outlook And Segment

Forecasts To 2022

The global passive fire protection market is expected to reach USD 7.13 billion by 2022, according to a

new report by Grand View Research, Inc. Growing demand for upscale residential projects is expected to

drive the passive fire protection market.

Rising investment in automation and digitization of the industries coupled with growing use of passive

fire protection in warehousing application is expected to drive growth over the forecast period. In

addition, rising use of the product in automotive and shipbuilding is expected to drive the demand in

Europe and North America. Growing need of minimizing the asset loss is also expected to fuel product

demand over the next seven years.

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Further key findings from the report suggest:

Intumescent coating segment is expected to grow at a CAGR of over 4.0% from 2015 to 2022. Rising

investment by the oil & gas firms in improved exploration technologies including hydraulic fracturing

and horizontal drilling is expected to drive the market demand. Intumescent coatings are being widely

used in manufacturing and power industry.

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Industrial sector accounted for over 20.0% share of the passive fire protection market owing to capacity

expansion and technology upgradation. In addition, government policies including the grant of

incentives and subsidies to promote the development of new manufacturing facilities in emerging

economies including India, Brazil and Africa is expected to augment demand.

North America market is expected to grow at a CAGR of 4.5% from 2015 to 2022. Rising investment to

improve their downstream capability and upstream operations prospect is...