Passive Fire Protection Market Research with Key Success Factors, Growth Trends and Forecast 2021-2028
The global passive fire protection market size is expected to gain momentum by reaching USD 5.4 billion by 2028 from USD 4.0 billion in 2021, while exhibiting a CAGR of 4.5% between 2021 to 2028. In its report titled, “Passive Fire Protection Market, 2021-2028,” Fortune Business Insights™ mentions that the market stood at USD 3.8 billion in 2020.
The demand for fire protection systems is expected to increase with its increased demand in the oil & gas sector, where it helps in equipment protection and other offs**** and ons**** applications. Moreover, technological advancements and incessant exploration is expected to drive the market growth during the forecast period. Moreover, the rapid urbanization, construction activities, and technological & economic advancements would contribute significantly to the growth of the fire protection system sector.
Market Segmentation:
By product type, the market is divided into cementitious materials, intumescent coatings, fireproofing cladding, and others. By end-https://www.fortunebusinessins....ights.com/passive-fi
