Europe Passive Fire Proofing System Market size valued at USD 5.65 billion in 2020 and is set to observe around 4% growth rate between 2021 and 2027.
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The passive fireproofing system provides fire resistance to materials and structures, allowing critical structures to remain operational even if a fire breaks out by accident. Passive fireproofing is the process of installing items on structures that reduce the spread of fire and so provide plant operators enough time to respond to a fire. Various equipment, such as fire-resistance floors & walls, structural components, fire doors, and fire dampers, prevent fire spread from one portion of the building to another. These products also aid in the containment of smoke and various forms of hazardous gases, both of which play a substantial role in fire-related mortality. Many product makers are investing in research and development to create new goods with greater fire resistance.
The Europe passive fire proofing system market growth is owing to an increase in the number of infrastructure projects, in both developed and developing countries, and the increased need for structural fire protection. Due to the introduction of strict legislation regulating the installation of fire prevention systems in all sorts of structures across the region, the market is expected to increase. In industrial and commercial environments, fire prevention systems are often implemented for employee safety. Furthermore, due to an increase in the risk of property damage and public safety issues as a result of fire events, the market is rising.
The passive fire proofing system market growth in Europe is hampered by high startup expenditures and predictive maintenance. To mitigate the effects of COVID 19, countries around the world have implemented lockdowns, restricting citizen movement and reducing the manufacturing of new firefighting equipment & supplies. This has had a detrimental impact on the market. Furthermore, many companies and suppliers in the fire protection systems business rely on supplies from foreign nations. Due to government limitations on mobility, all logistics operations around the world have come to a halt, causing supply chain issues.
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The fire-resistant glasses product segment held around 14.5% Europe passive fire proofing system market share in 2020. Fire-resistant glass has been proved to provide long-term fire protection. One of the most important properties of glass is its ability to prevent fire from spreading across a structure, which benefits the industry expansion. Fire-resistant glass is widely used in building openings, glass doors, and glass partitions. The most enticing aspects of these glasses are their durability, efficient temperature radiation, low maintenance, and safety quality. People use fire-resistant glasses as a fire protection strategy owing to these features.
The commercial end-user segment will reach USD 5 billion revenue by 2027. The Europe construction sector has grown as a result of increasing urbanization, growing income levels, and economic developments in European countries. Fire safety measures in the building industry are widely established in this region. To reduce fire-related occurrences in the building industry, regulatory agencies have devised a tight regulatory framework.
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The compartmentation segment from Europe passive fire proofing system market will witness 4% CAGR during the forecast timeframe. Human safety, loss avoidance, and faster extinguishment are the key reasons for compartmentation in building designs. As smoke inhalation is the most prevalent cause of harm during a fire incident, the priority is to get individuals out of the building as quickly and safely as possible. Smoke spreads quickly and can quickly fill a room. Compartmentation limits the spread of smoke through obstacles. This keeps inhabitants safe during evacuation and slows the fire by cutting off the air supply.
Some of the leading companies operating in the Europe passive fire proofing system market include Assa Abloy AB, Rapp Bomek AS, Hörmann KG Verkaufsgesellschaft, UK Performance Doorsets Ltd., Promat, Isolatek International Corporation, Halton Group, Stonhard, Inc., Chase Industries, Inc., and Saint-Gobain S.A.