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The global passive fire protection market was valued at US$ 4.03 Billion in 2021.
We expect the global passive fire protection market to exhibit a CAGR of 4.82% during 2022-2027.
The escalating demand for fire-safe buildings, along with the increasing adoption of passive fire
protection systems for avoiding the spread of flames and maintaining fire stability without any
human intervention, is primarily driving the global passive fire protection market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent
lockdown regulations across several nations resulting in temporary closure of numerous end use
industries, thereby limiting the demand for passive fire protection systems.
Based on the product, the global passive fire protection market can be bifurcated into cementitious
materials, intumescent coatings, fireproofing cladding, and others. Among these, cementitious
materials currently account for the majority of the total market share.
On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Middle
East and Africa, and Latin America, where Asia-Pacific currently dominates the global market.
Some of the major players in the global passive fire protection market include 3M Company, Akzo
Nobel N.V., Contego International Inc., Envirograf, Etex Group, Hempel A/S, Isolatek International,
Lloyd Insulations (India) Limited, No-Burn Inc., PPG Industries Inc., Sharpfibre Limited, and The
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