Europe Passive Fire Protection Industry Overview
The Europe passive fire protection market size is expected to reach USD 1.4 billion by 2028, registering a CAGR of 3.7% over the forecast period, according to a new report by Grand View Research, Inc. Favorable fire safety regulations coupled with rising demand for fire protection in steel, oil and gas, and construction industries are likely to drive the market.
The construction of buildings is changing as new building designs usually feature open spaces with few barriers. In addition, buildings are becoming increasingly airtight and insulated with more combustibles within the building structure. These changes cause a fire in buildings that spread faster and become more hazardous, thereby driving the market.
Europe Passive Fire Protection Market Segmentation
Grand View Research has segmented the Europe passive fire protection market on the basis of product, end-use, and country:
Based on the Product Insights, the market is segmented into Cementitious Materials, Intumescent Coatings, Fireproofing Cladding, and Others
- The cementitious materials segment led the market for passive fire protection and accounted for the largest revenue share of 41.2% in 2020.
- The intumescent coatings product segment is estimated to witness a CAGR of 4.0% over the forecast period.
Based on the End-use Insights, the market is segmented into Oil & Gas, Construction, Industrial, Warehousing, and Others
- The construction end-use segment led the market for passive fire protection and accounted for the largest revenue share of 31.5% in 2020.
- The demand for passive fire protection in the oil and gas industry is expected to witness a CAGR of 3.4% over the forecast period.
Key Companies Profile & Market Share Insights
The Europe passive fire protection market is characterized by the presence of both global and regional players. The market competition is intense and characterized by demand for advanced and reliable passive fire protection systems. The market participants focus on research and development activities for developing new technologies for manufacturing products to achieve a competitive edge in the market.
Some prominent players in the Europe Passive Fire Protection market include:
- 3M
- RPM International Inc.
- Hempel A/S
- The Sherwin-Williams Company
- Hilti
- Mercor Tecresa
- Etex Group
- Rudolf Hensel GmbH
- Rolf Kuhn GmbH
Order a free sample PDF of the Europe Passive Fire Protection Market Intelligence Study, published by Grand View Research.
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