passive fire protection material used by the construction industry to prevent fire in buildings include fire doors, fire resisting cables, fire linings, fire resisting partitions, fire resisting glass, fire screens etc.
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Passive Fire Protection Materials Market
- Global Industry Analysis, Size, Share,
Growth, Trends and Forecast, 2012 -
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A new research report by Transparency Market Research offers a comprehensive evaluation of the global waterproofing chemicals
market. The study, titled “Passive Fire Protection Materials Market - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast, 2012 - 2018”, is available for sale on the firm’s website.
The growth of accidents and the loss of assets caused due to fire on a global scale is one of the major factors driving the demand for
passive fire protection materials. The global market for passive fire protection material is witnessing tremendous growth since the
last decade. Some of the basic types of passive fire protection material used by the construction industry to prevent fire in buildings
include fire doors, fire resisting cables, fire linings, fire resisting partitions, fire resisting glass, fire screens etc.
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The global market for passive fire protection materialsis expected to grow at a double digit rate over the next six years. The market is
primarily driven by the increase in incidences of fire related accidents on a global scale. The death toll caused due to fire accidents
was estimated to be over 12,000 in the U.S., over 6,800 in Europe and more than 50,000 in the Asia Pacific region per year till 2010.
The loss of assets caused due fire accidents was approximately USD 90 billion globally in 2010. So in order to decrease these figures,
the world is shifting its focus towards the use of passive fire protection materials which help in minimizing the accidents caused due to
fire. However, the market is highly dependent on the health of the economies in various regions.
The global market for passive fire protection materials is considered to be highly fragmented with a large number of participants
operating in the global market and enjoying almost equal amount of market share. Asia Pacific holds immense opportunities for the
players operating in the market owing to a steady growth in the construction industry, mainly in emerging economies of China and
India. China and India are two of the fastest growing economies of the world whose GDP growth rates are increasing at a faster pace
than the global GDP growth rate. The rapid rate of construction in Eastern Europe is also expected to drive the market over the next
Browse the full Research report at :http://www.transparencymarketresearch.com/passive-fire-protection-materials.html
Some of the major companies operating in the global market for passive fire protection materials include ADT Fire & Security, Cooper
Industries, GE Security, and Honeywell Inc.
This research report analyzes this market depending on its market segments, major geographies, and current market trends.
Geographies analyzed under this research report include
Rest of the World
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