Pune, India, Aug. 23, 2022 (GLOBE NEWSWIRE) — According to MarketStudyReport, this global passive fireproofing systems market is expected to gain momentum between 2021 and 2027, thus generating impressive revenue in the coming years.
The document provides the market share and growth rate forecast for each segment which helps to increase the wealth creation in the industry. It mentions the regions that amplify their profits during the analysis period as well as the companies that employ impactful strategies to create a strong competitive environment during the examination period.
The growth of the market can be attributed to the booming construction industry and subsequent demand for innovative devices to prevent fire hazards, focus on the development of reliable and superior fire protection infrastructure, and on the outbreak of fires around the world.
In particular, fire retardant systems are important to protect buildings and occupants from accidents.
Additionally, governments provide financial assistance to companies engaged in the development of fireproofing solutions for public infrastructure, further accelerating the development of the industry.
The North American passive fire suppression systems market is expected to reach a valuation of USD 9 billion by the end of the forecast period, owing to the growing adoption of active and passive systems in the residential and institutional sectors. Also, since the installation cost is high, rising income level and rapid urbanization contribute more to the adoption of the product. North America passive fireproofing systems industry outlook will continue to be progressive as leading organizations including Saint-Gobain SA, Assa Abloy AB, UK Performance Doorsets Ltd., Chase Industries, Inc. ., Mesker Openings Group and Halton Group, among others. are involved in the production of passive fireproofing systems for residential, institutional and commercial end users.
Go to sample pages of the report, “North America Passive Fire Protection Systems Market Forecast 2027” in detail with the table of contents (ToC) @
The passive fire retardant systems market in Asia-Pacific is expected to reach 6.5 billion by the end of the reporting period. The majority of property developers emphasize the integration of fireproof systems into plans to ensure the safety of residential and commercial customers. The Chinese market is expected to exceed $3 billion over the assessment period, owing to the booming construction and industrial sectors. Compartmentalization application will hold more than 40% of passive fireproofing systems market share in Asia Pacific by 2027. This application is considered as one of the best strategies to reduce fires or minimize overall costs caused by the damage. Commercial complexes, such as hotels, shopping malls and restaurants, are being built on a large scale, thus fueling the adoption of the system.
Go to sample pages of the report, “Asia-Pacific Passive Fire Protection System Market Forecast 2027” in detail with the table of contents (ToC) @
Europe passive fire protection systems market is expected to exceed USD 7 billion by 2027, due to several new infrastructure projects, construction of new hospitals and airports in major metropolitan cities, and increased fires in several establishments and corporate spaces. The market share of fire-resistant glasses in Europe is growing and contributed around 14.5% to the total market revenue in 2020. The long-term fire protection offered by these products enhances their penetration by Germany and Spain. Glass is known to be an effective fire barrier, preventing fires from spreading to other areas of a building. Due to the advantages of the material, it is used in building openings, glass partitions and glass doors. Low maintenance and efficient temperature radiation are some of the key product properties that are fueling industry predictions.
Go to sample pages of the report, “Europe Passive Fire Suppression System Market Forecast 2027” in detail with the table of contents (ToC) @
On the basis of product type, the vertical Fire Rated Walls & Floors of Global Passive Fireproofing Systems Market is expected to deliver notable returns by the end of the speculated timeline, owing to the ability of Walls & Floors reduce smoke, flames and toxic substances. gases during a fire, thus increasing the life of buildings.
In terms of scope, the compartmentalization segment is likely to register significant expansion during the study period, owing to its use in firefighting and reduction in overall costs incurred in the event of a fire. damage. Also, commercial complexes such as malls, restaurants, etc. are built at scale, further driving segmental growth.
Regarding the end-user reach, the residential segment is expected to register positive growth over the research period, due to the growing awareness among homeowners of the benefits of fire-retardant solutions, given the multiple fire safety campaigns launched by Governments.
Key players in the global passive fire retardant system industry are Rockwool A/S, Pyroplex Ltd., Assa Abloy AB, Tremco Inc., Hormann KG Verkaufsgesellschaft, Compagnie de Saint-Gobain SA, Rapp Bomek AS, The 3M Company, Stonhard Inc., Chase Industries Inc., Ruskin Company, UK Performance Doorsets Ltd., Halton Group, Asahi India Glass Limited, Isolatek International Corporation, Mesker Openings Group and Pro Material Solutions among others.
Global Passive Fire Protection Systems Market, by Product (Revenue, USD Billion, 2017-2027)
- Fire resistant walls and floors
- Fire Diminishing
- Fire doors
- Fire resistant glasses
- Protection of structural steel
- Others (fire curtains, ceilings)
Global Passive Fire Protection Systems Market, by Application (Revenue, USD Billion, 2017-2027)
- Structural fire protection
- fire resistant materials
- Opening protection
Global Passive Fire Protection Systems Market, by End User (Revenue, USD Billion, 2017-2027)
Global Passive Fire Protection Systems Market, Regional Analysis (Revenue, billion USD, 2017-2027)
Global Passive Fire Protection Systems Market, Competitive Scorecard (Revenue, billion USD, 2017-2027)
- Rockwool A/S
- Pyroplex Ltd.
- Assa Abloy AB
- Tremco inc.
- Hormann KG Verkaufsgesellschaft
- Company of Saint-Gobain SA
- Rapp Bomek AS
- The 3M company
- Stonehard Inc.
- Chase Industries Inc.
- Mesker Opening Group
- Ruskin Company
- UK Performance Doorsets Ltd.
- Halton Group
- Asahi India Glass Limited
- Isolatek International Company
- Professional hardware solutions
Global Fire Protection Systems Market Size Study and Regional Forecast 2022-2028
Global Fire Protection Systems Market the size is expected to grow with a healthy growth rate during the forecast period 2022-2028. A fire protection system is a certified product that is designed to standards set by government and other regulatory bodies to control fires. The fire protection system is integrated with smoke control devices and flame detectors that help during a fire emergency. This system offers services such as installation and design services, managed services, maintenance services, engineering services, and many other services that are gaining popularity in almost all verticals. The booming growth of the construction industry, the enforcement of stringent government regulations relating to fire protection, the increasing penetration of wireless technology in fire detection, coupled with the increasing incidence of casualties and material damage due to fires is the main determining factor for the world. market growth.
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