NEW YORK, Oct. 3, 2017 /PRNewswire/ -- Read the full report: https://www.reportlinker.com/p05126476
Increasing fire safety regulations, rising awareness about fire safety, growth in global construction activities, demand from oil & gas industry, technological advancements and innovations in passive fire protection materials are some of the major factors boosting the market growth. On the other hand, environmental & health concerns and volatile price of intumescent coatings are the restraints limiting the market growth. Increasing demand for PFP materials in emerging nations and developing more effective synergist compounds are some of the vital opportunities for the Passive Fire Protection (PFP) Materials market.
Cementitious materials segment was the dominant sector and accounted for around 45% of the overall revenue in 2016, and will witness growth as the product provides protection against thermal and acoustic insulation in industrial sector. Intumescent coatings segment is expected witness higher CAGR during the forecast period due to huge adoption in construction, manufacturing, oil & gas and energy industries.
The construction segment dominated the market in 2016 with a market share close to 30% as a result of increasing usage of these materials in residential and commercial construction application in both developed and developing countries. Furthermore, high construction rates in emerging regions suggest that the construction sector is likely to continue leading the demand volume charts for passive fire protection materials. Whereas, the market share of the industrial segment is estimated to improve significantly over forecast period due to technology upgradation and capacity expansion.
North America accounted for the largest share in global Passive Fire Protection (PFP) Materials market followed by Europe. The dominance of this region is due to increasing demand for enhanced fire safety of buildings, well-established industrial sector and government regulations mandating the usage of fire protection materials in residential and commercial construction application. Asia Pacific is expected to witness high growth during the forecast period due to increasing demand from various end use industries. Emerging economies such as India and China, on the other hand, are expected to witness rapid penetration in Passive Fire Protection (PFP) Materials market, owing to the increasing construction activities along with increasing disposable income and rising awareness regarding fire safety.
Some of the key players in global Passive Fire Protection (PFP) Materials market include 3M Companies, ADT Fire & Security, BASF Coatings, Carboline, Cooper Industries, GE Security, Hempel A S, HILTI, Honeywell Inc., Leighs Paints, Lloyd Insulations (India) Ltd, Nullifire, Rudolf Hensel GmbH, Sharpfibre and Sherwin-Williams.
• Fireproofing cladding
• Cementitious materials
• Intumescent coatings
• Other Products
• Oil & Gas
• Other Verticals
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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- Market share assessments for the regional and country level segments
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- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
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