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Date Submitted: 09/01/2016 01:05 AM
Hexa Reports
Market Research Reports and Insightful Company Profiles
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.
Browse Detail Report With TOC @
http://hexareports.com/report/passive-fire-protection-market/details
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.
Hexa Reports
Market Research Reports and Insightful Company Profiles
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...