12th February 2020 – According to new research study available with Million Insights, market
report on Passive Fire Protection In Europe is foretold to provide
a robust support for industry players to lay a solid foundation for their
business growth. It includes a comprehensive evaluation of the market’s growth
status and risk. In addition, it provides detail market variables, trends, key
opportunities, new entrants & competitors.
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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a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/europe-passive-fire-protection-market/request-sample
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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