+1-888-308-5802     
News Contact Us

Passive Fire Protection Materials Market for Petroleum Industry is likely to grow with a CAGR over 8% by 2024

Author : Rahul Varpe | Published Date : 2019-04-15 

Global Market Insights provides a detailed overview of Passive Fire Protection Materials market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Passive Fire Protection Materials market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Constant urbanization and industrialization in the emerging economies will result in improving safety standards especially for fire related issues in the building and construction industry. Furthermore, stringent laws formulated to attain safety for working personnel across the aforementioned industries will further help the passive fire protection materials market flourish in the near timespan.

Request for a sample copy of this report @  
https://www.gminsights.com/request-sample/detail/2305             

Robust need for organic compound based coating products in petroleum industry will drive the passive fire protection materials market by 2024. These fire preventive materials are widely used in several industries such as petroleum, construction, manufacturing, warehousing etc. due to their unique property of barring the fire from spreading quickly in the event of any fire crisis.

Fluctuating prices of the raw materials used in producing passive fire protection materials may result in hindrance for market over the projected timespan. However, mandatory need to improve safety criterions across several end-user industries including petroleum, automotive, manufacturing, aerospace, warehousing, etc. will thrust the total market in the near timespan.

Passive fire protection materials market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2013 to 2024, for the following segments:

Passive fire protection materials market of product by application:

  • Sealants
    • Building & construction
    • Petroleum
    • Transportation
  • Others
    • Intumescent coatings
    • Building & construction
    • Petroleum
    • Transportation
    • Others
  • Foams & boards
    • Building & construction
    • Petroleum
    • Transportation
    • Others
  • Others
    • Building & construction
    • Petroleum
    • Transportation
    • Others

Passive fire protection materials market by application:

  • Building & construction
  • Petroleum
  • Transportation
  • Others

Make an Inquiry for Purchasing this Report @ 

https://www.gminsights.com/inquiry-before-buying/2305         

Foams & boards passive fire protection materials market will escalate at over 8% CAGR in the near future. Fire rated foam board is a high density, mineral fiber board which is coated on both sides with intumescent mastic. The board protects by preventing fire from spreading through gaps in the wall. These protective materials have an extensive application among several industries i.e. construction, warehousing, manufacturing, petroleum etc. and therefore, is likely to attain considerable gains for the market during the forecast period.

Petroleum industry for passive fire protection materials market is expected to increase with a CAGR over 8% during the projected timespan. This is credited to increasing exploration activities chiefly in the U.S. and the Middle East which has subsequently led to rising fire occurrence risk on-site owing to dealing with flammable compounds. These trends have led to formulation of stringent laws to attain safety for human health & environment by employing the product as they can lower the spreading of fire in case of fire accidents. Henceforth, petroleum industry is liable to propel the market in the projected years.

Middle East & Africa passive fire protection materials market is expected to flourish with a CAGR over 9% in the forecast period. For instance, construction industry primarily in the GCC countries have propelled owing to rising economies which in turn will drive demand for passive fire protection materials to avoid fire accidents. Moreover, abundance of oil reserves in the region will drive product demand alongside improving human safety concerns to avoid fire accidents on site which in turn will make significant influence on the market by 2024.

Leading passive fire protection materials market share holders are:

  • Sherwin-Williams
  • Akzo Nobel
  • 3M
  • Kansai Paint
  • Nullifire
  • Sharpfibre
  • Teknos
  • Lloyd Insulations
  • Promat International
  • Rudolf Hensel
  • Hempel
  • PPG Industries

The aforementioned players are making substantial investments in their research and development to produce advanced products and achieve competitive benefit in market. For example, Hempel is investing in a novel R&D facility focused solely on passive fire protection (PFP) coatings, located near Barcelona, Spain. It is meant to emphaon passive fire coatings' advancement that would aid to achieve higher profits in Europe over its competitors.

Browse Report Summery @
https://www.gminsights.com/industry-analysis/passive-fire-protection-materials-market          

 

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone:1-302-846-7766

Toll Free: 1-888-689-0688

Email: [email protected]

Web: https://www.gminsights.com/      

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

Related News

Vacuum Pump Market in China will likely to witness around 7% CAGR by 2025

Published Date: 2019-04-18         Author: Rahul Varpe

Global Market Insights provides a detailed overview of Vacuum Pump market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Vacuum Pump market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growt... Read More

Asia Pacific Soundproof Curtains Market will depict fastest CAGR of over 5.5% during 2019 - 2024

Published Date: 2019-04-18         Author: Rahul Varpe

Global Market Insights provides a detailed overview of Soundproof Curtains market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Soundproof Curtains market in conjunction with the geographical landscape, demand spectrum, remuneration ... Read More

Sandblasting Machines Market for wet blasting segment will hold approximately $500 Million by 2025

Published Date: 2019-04-18         Author: Rahul Varpe

Global Market Insights provides a detailed overview of Sandblasting Machines market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Sandblasting Machines market in conjunction with the geographical landscape, demand spectrum, remunerat... Read More

© 2019 Fractovia. All Rights Reserved