The global passive fire protection market is expected to reach USD 7.13 billion by 2022, according to a new report by Grand View Research, Inc. Growing demand for upscale residential projects is expected to drive the passive fire protection market. Rising investment in automation and digitization of the industries coupled with growing use of passive fire protection in warehousing application is expected to drive growth over the forecast period. In addition, rising use of the product in automotive and shipbuilding is expected to drive the demand in Europe and North America. Growing need of minimizing the asset loss is also expected to fuel product demand over the next seven years.
http://www.grandviewresearch.com/industry-analysis/passive-fire-protection-market
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