In the construction business, implementing a safety and health management system is far more difficult. TRENDS INFLUENCING THE GROWTH OF THE PASSIVE FIRE PROTECTION (PEP) MARKET The need for passive fire prevention coatings in equipment protection and other offshore and onshore applications is driven by the oil and gas industry.Īdditionally, the Passive Fire Protection (PFP) Market is expected to be driven by a rise in demand from end-use industries like building & construction, and transportation. This Passive Fire Protection (PFP) Market is anticipated to be driven by rising oil & gas industry spending in exploration and production as well as technical advancements over the forecast period.
Major factors driving the Growth of the Passive Fire Protection (PFP) Market
The global Passive Fire Protection (PFP) Market size was 4.1 Billion USD in 2022 and it is expected to reach about 6.67 billion USD in 2029, with a CAGR (2022-2029) of 7.2%.
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