The europe passive fire protection market is expected to reach USD 1.57 billion by 2022, according to a new report by Grand View Research, Inc. Rising infrastructure spending in Eastern Europe is expected to drive the market demand. Rising investment in non-residential construction coupled with growing rate of new construction and refurbishment in the residential segment in Western Europe is expected to drive the market demand over the forecast period. In addition, growing demand for urban housing projects owing to rising urbanization in Central and Eastern Europe is expected to drive passive fire protection market.
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/europe-passive-fire-protection-market
Further key findings from the report suggest:
·
Intumescent coating segment is expected to grow
at a CAGR of over 1.0% from 2015 to 2022. Rising demand for intumescent coating
from oil & gas industry on account new shale gas and offshore reserves in
Serbia, Russia, Romania, and Albania is expected to drive the market over next
seven years.
·
Warehousing industry accounted for a significant
share of the demand for passive fire protection in Europe. The warehousing
industry is expected to be the fastest growing application segmentwith a CAGR
of 4.4% from 2015 to 2022 owing to growing investment for manufacturing of
automobiles, electronics, and finished automobile & aerospace products. In
addition, government policies aiming at improving and strengthening offshoring
and outsourcing capabilities are expected to drive the market.
·
Germany’s demand for intumescent coating was
valued at USD 63.5 million in 2014. Rising demand for intumescent coating from
industries including aerospace and automobile on account of improved R&D
infrastructure, powerful manufacturing base, and cost efficiency is expected to
drive the market growth over the forecast period.
·
Poland is expected to witness a significant
share of passive fire protection products on account of rapid industrialization
in the region. Strong construction sector outlook on account of sustained growth
in residential and non-residential infrastructure development due the influx of
migrants in the nation in expected to drive demand.
·
HempelMarine Paints is a key player which
manufactures intumescent coatings under its protective coatings business segment.
In December 2014, Hempel acquired Netherlands-based Schaepman’s Lakfabrieken
B.V. in order to strengthen company business in industrial and protective
coatings market.
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more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/hvac-and-construction-technologies
Grand View Research has segmented the Europe passive fire protection market on the basis of application and country:
Europe Passive Fire Protection Product Outlook (Revenue, USD Million, 2012 - 2022)
·
Cementitious Material
·
Intumescent Coating
·
Fireproofing Cladding
·
Others
Europe Passive Fire Protection Application Outlook (Revenue, USD
Million, 2012 - 2022)
·
Oil & Gas
·
Construction
·
Industrial
·
Warehousing
·
Others
Europe Passive Fire Protection Regional Outlook (Revenue, USD
Million, 2012 - 2022)
·
Germany
·
UK
·
Romania
·
Poland
·
Czech Republic
For press release of this report - http://www.grandviewresearch.com/press-release/europe-passive-fire-protection-market-analysis
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
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