Europe Passive Fire Protection Industry Overview
The Europe passive fire protection market size was valued at USD 1.0 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.7% from 2021 to 2028. Rising exploration activities along with technological advancements in the oil and gas industry are likely to drive market growth over the forecast period.
Rising consumer awareness regarding the benefits of firestops and fire barriers has boosted their installation in residential and commercial buildings, thereby driving the market. Increasing investments from oil and gas companies in Exploration and Production (E&P) activities and stringent regulations to make the drilling sites fire safe are likely to impact market growth positively.
Increasing government initiatives to encourage both developed and developing economies to improve the overall status of passive fire protection in buildings and industries is expected to drive the market over the forecast period. The stringency of fire safety regulations in Germany is expected to boost the investments in passive fire protection systems, thereby driving growth.
Gather more insights about the market drivers, restrains and growth of the Europe Passive Fire Protection Market
Passive fire protection systems protect steel structures against fire by providing durability and strength to the structure. The safety of any passive fire protection system depends on the type of fire, duration, substrate type, material, and environmental conditions. The market has been witnessing rapid technological changes to improve the efficiency and quality of passive fire protection products.
Growing shale gas exploration activities due to improvements in exploration technologies, such as hydraulic and horizontal drilling coupled with its rising utilization in energy and manufacturing industries are likely to augment market growth over the coming years. Rising production activities in the European countries, including Russia, the U.K., Italy, and Norway, are expected to further propel the demand for passive fire protection products over the forecast period.
Several economies are focusing on the improvement of passive fire safety aspects of the existing and upcoming infrastructure owing to the increasing number of fire accidents along with loss of lives and assets. The European Union has made significant developments in enacting and reforming regulations to promote the health and safety of European citizens.
Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.
• Advanced Composites Market: The global advanced composites market size was valued at USD 31.73 billion in 2021 and is expected to expand at a compounded annual growth rate (CAGR) of 9.2% from 2022 to 2030. Growing demand for the product in the aerospace and defense industry and sporting goods is expected to drive the market for advanced composites.
• Industrial Insulation Market: The global industrial insulation market size was estimated at USD 7.82 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.0%. Increasing product demand for boosting process efficiency, condensation control, noise reduction, freeze protection, and reducing environmental pollution is expected to drive market growth during the forecast period.
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:
Europe Passive Fire Protection Product Outlook (Revenue, USD Million, 2017 - 2028)
• Cementitious Materials
• Intumescent Coatings
• Fireproofing Cladding
• Others
Europe Passive Fire Protection End-use Outlook (Revenue, USD Million, 2017 - 2028)
• Oil & Gas
• Construction
• Industrial
• Warehousing
• Others
Europe Passive Fire Protection Country Outlook (Revenue, USD Million, 2017 - 2028)
• Czech Republic
• France
• Germany
• Italy
• Poland
• Romania
• Russia
• Spain
• U.K.
Key Companies profiled:
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
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