The Passive Fire Protection Global Market Report 2021-31 by The Business Research Company describes and explains the global passive fire protection market and covers 2016 to 2021, termed the historic period, and 2022 to 2026, termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.
The Passive Fire Protection Global Market Report 2022 covers passive fire protection market drivers, passive fire protection market trends, passive fire protection market segments, passive fire protection market growth rate, passive fire protection market major players, and passive fire protection market size.
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The passive fire protection market report provides in-depth analysis of the impact of COVID-19 on the global passive fire protection industry along with revised market numbers due to the effects of the coronavirus and the expected passive fire protection market growth numbers for 2022-2031.
The global passive fire protection market is expected to grow from $3.99 billion in 2021 to $4.42 billion in 2022 at a compound annual growth rate (CAGR) of 10.9%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $5.73 billion in 2026 at a CAGR of 6.7%.
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Passive Fire Protection Global Market Report 2022 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
TBRC’s report covers the passive fire protection market segments-
1) By Product: Cementitious Materials, Intumescent Coating, Fireproofing Cladding, Others
2) By Application: Structural, Compartmentation, Opening Protection, Firestopping Material
3) By End-User: Oil And Gas, Construction, Industrial, Warehousing, Others
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