Europe Passive Fire Protection Coating Market Analysis and Size
Passive fire protection coating is a colorless, odorless, and viscous liquid soluble in water at all concentrations. It is a strong acid made by oxidizing sulfur dioxide solutions and used in large quantities as an industrial and laboratory reagent. Passive fire protection coating or passive fire protection coating, also known as oil of vitriol, is a mineral acid composed of sulfur, oxygen, and hydrogen, with molecular formula H2SO4 and melting point is 10 °C, the boiling point is 337 °C.
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Increasing demand for fertilizers in the agriculture industry and the growing demand for passive fire protection coating across various industries are some of the drivers boosting passive fire protection coating demand in the market. Data Bridge Market Research analyses that the sulfuric market is expected to reach the value of USD 3,000,593.21 thousand by the year 2029, at a CAGR of 4.1% during the forecast period. " elemental sulfur " accounts for the most prominent raw material segment in the respective due to the abundant availability of sulfur across the globe. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Market Definition
Passive fire protection coating is a strong acid with hygroscopic characteristics and oxidizing properties. It is used in the fertilizer, chemical, synthetic textile, and pigment industries. Other applications include manufacturing batteries metal pickling, among other industrial manufacturing processes. In market passive fire protection coating is available in different concentration grades such as 98%, 96.5%, 76%, 70% and 38%. A large quantity of passive fire protection coating produces potassium sulfates and fertilizers. Increasing demand for fertilizers in the agriculture industry and the growing demand for passive fire protection coating across various industries are some of the drivers boosting passive fire protection coating demand in the market. With the increasing consumption of passive fire protection coating globally, major players are expanding their production capacities in different countries to strengthen their presence in the market
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COVID-19 had a Minimal Impact on Europe Passive Fire Protection Coatings Market
COVID-19 impacted various manufacturing industries in the year 2020-2021 as it led to the closure of workplaces, disruption of supply chains, and restrictions on transportation. However, significant impact was noticed on passive fire protection coating in Europe operations and supply chain, with multiple manufacturing facilities still operating. The service providers continued offering passive fire protection coating following sanitation and safety measures in the post-COVID scenario.
The Market Dynamics of the Europe Passive Fire Protection Coatings Market Include:
- Increasing Demand for Fertilizers in Agricultural Industry
Increasing demand for high-quality fertilizers for crop cultivation boosts the Europe passive fire protection coating market.
- Significant Growth in Chemical Industries
Increasing chemical production in the European region with a chemicals strategy for sustainability is a prominent part of the Green Deal to strengthen the growth of the chemicals industry, making it easier to avoid usage of hazardous chemicals and encourage innovation for the development of safe and sustainable alternatives. Thus, a strategy for sustainability in the chemicals industry can help keep the significant growth in the chemical industry and propel the Europe passive fire protection coating market in the coming years.
- Growing Demand for Passive Fire Protection Coatings Across a Diverse Range of Industries
The demand for passive fire protection coating across a diverse range of industries such as pharmaceutical, textile, paper, and pulp, is expected to grow at an increasing rate and is projected to fuel the Europe passive fire protection coating market.
- Growing Demand for Batteries in Automotive Industry
With increased demand for the recovery of waste printed circuit boards using passive fire protection coating to recover different metals such as gold, silver, iron, and copper is expected to drive the Europe passive fire protection coating market.
- Significant Growth in Healthcare Industry
The increasing advantages of passive fire protection coating batteries in motor vehicles and other machines in electric vehicles are increasing the demand for passive fire protection coating, creating an opportunity for the Europe passive fire protection coating market to tap upon and register higher growth in the future.
- Abundance of Sulfur as a Raw Material
In addition, sulfur nowadays is also produced for industrial use from the petroleum and natural gas industry worldwide. Therefore, an abundance of sulfur reserves around the globe creates an opportunity for the growth of the Europe passive fire protection coating market.
Europe Passive Fire Protection Coatings Market Scope
Europe passive fire protection coatings market is segmented on the basis of product type, by technology, by application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Cementitious Material
- Intumescent Coating
- Fireproofing Cladding
- Others
On the basis of product type, the Europe passive fire protection coatings market is segmented into cementitious material, intumescent coating, fireproofing cladding, and others. The intumescent coating segment is expected to dominate the Europe region, intumescent coating is expected to dominate the market due to wider consumer preference in construction and building industries
Technology
- Water-Based Protection Coating
- Solvent-Based Protection Coating
On the basis of technology, the Europe passive fire protection coatings market is segmented into water-based protection coating and solvent-based protection coating.
Application
- Oil & Gas
- Construction
- Aerospace
- Electrical and Electronics
- Automotive
- Textile
- Furniture
- Warehousing
- Others
On the basis of application, the Europe passive fire protection coatings market is segmented into oil & gas, construction, aerospace, electrical and electronics, automotive, textile, furniture, warehousing and others. In Asia-Pacific, automotive is projected to dominate the market as it reduces potentially vulnerable people that may be at risk on the premises.
End User
- Building & Construction
- Oil & Gas
- Transportation
- Others
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Europe Passive Fire Protection Coatings Regional Analysis/Insights
The passive fire protection coatings market is analyzed and market size insights and trends are provided by country, product type, technology, application and end user as referenced above.
The countries covered in the Europe passive fire protection coating market report are the Germany, U.K., Italy, France, Spain, Russia, Switzerland, Turkey, Belgium, Netherlands, Luxemburg and Rest of Europe
Germany is expected to dominate the Europe passive fire protection coatings market due to high demand from the construction and building industry. Europe is expected to witness significant growth during the forecast period of 2022 to 2029 due to growing demand for batteries in the automotive industry in the region
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Europe Passive Fire Protection Coatings Market Share Analysis
Europe passive fire protection coating market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to Europe passive fire protection coating market.
Some of the major players operating in the passive fire protection coating market are LANXESS, Brenntag GmbH (a subsidiary of Brenntag SE), Boliden Group, Adisseo, Veolia, Univar Solutions Inc, NORAM Engineering & Construction Ltd., Nouryon, International Raw Materials LTD, Eti Bakir, ACIDEKA SA, Airedale Chemical Company Limited., BASF SE, Aguachem Ltd, Feralco AB, Fluorsid, Aurubis AG, Nyrstar, Merck KGaA, and Shrieve, among others
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Europe Passive Fire Protection Market is anticipated to reach USD 1.57 billion by 2022 owing to growing warehouse industry that extensively uses steel in structure fabrication.
Passive fire protection are the building material that offer safety & protection against heat, smoke, toxic gases and flames.
These materials reduce the damage of the building inflicted with fire, delay the building collapse time and reduce probable health risks of the building habitats.
Hence, it offers strength to the building to survive fire for stipulated time and ensures safety of the occupants.Europe passive fire protection industry is influenced by the increase in demand for longer building protection against fire along with least loss of assets present during the calamity.
Additionally, increasing infrastructural developments coupled with growing demand for decorative intumescent coatings is expected to augment Europe passive fire protection market in future.
Steady growth observed in infrastructural developments from residential and non-residential sectors due to migrant activities is encouraging the growth of Europe passive fire protection industry.
