Published Date: 2022-05-17
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European Passive Fire Proofing System Market size is predicted to reach USD 7 billion by 2027, according to a latest forecast report by Graphical Research. Advancements in the construction sector, increase in significant life & property losses due to fires, severe regulatory compliances, and increasing use of smart devices in fire detection systems will drive the market growth.
Rising large-scale infrastructure investment projects, such as airports and hospitals, in Manchester, Luton, Brighton, and Birmingham are predicted to support the construction industry expansion, thereby increasing the demand for passive fire proofing technologies. The construction industry has increased its investments in passive fire proofing systems due to rising consumer awareness regarding fire hazards and the growing demand for fire-safe buildings. Owing to increasing fire accidents and life & property losses, the majority of economies are focusing on enhancing the passive fire-safety features of existing & future infrastructure.
The global economic slowdown caused by the COVID-19 pandemic, on the other hand, significantly impacted the market revenue. The expansion rate of the passive fire proofing industry slowed down further due to raw material price volatilities. The market growth rate will also be hampered by technical constraints associated with passive fire proofing systems, high startup costs & predictive maintenance, and volatility in raw material prices.
Browse detailed statistical insights from the report, “Europe Passive Fire Proofing System Market Forecast 2027 By Application (Structural Fire Protection, Compartmentation, Fire Stopping Materials, Opening Protection), By Product (Fire-resistant Walls & Floors, Fire Dampers, Fire Doors, Fire Stops, Fire-resistant Glasses, Structural Steel Protection), By End-user (Residential, Commercial, Institutional), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/2124/europe-passive-fire-proofing-system-market
The structural steel protection product segment will generate over USD 1.5 billion revenue by 2027, due to the increasing use of steel in the end user segment. The regional growth can primarily be attributed to the rising demand for higher fire safety regulations in residential & industrial buildings as passive fire proofing technologies improve the strength & longevity of steel structures, making them more fire resistant.
The institutional construction segment will witness 4% CAGR through 2027. The institutional sector is one of the largest users of passive fire proofing systems. Such fire proofing measures are installed so that a building's structure can survive fire and prevent it from reaching the threshold temperature at which it will collapse. These can be found in sports stadiums, high-rise buildings, and a variety of other places.
The passive fire proofing system in European market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2027, for the following segments:
Europe Market, By Product
Europe Market, By Application
Europe Market, By End-use
The above information has been provided for the following countries:
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