Europe Passive Fire Protection Coating Market Likely to Reach the USD 3,000,593.21 thousand By 2029

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.

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 Europe Passive Fire Protection Coating 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.

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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

Regulatory Framework

The DHHS (1994) and EPA have not classified sulfur trioxide or passive fire protection coating for carcinogenic effects. IARC considers occupational exposure to strong inorganic mists containing passive fire protection coating to be carcinogenic to humans (Group 1) (IARC 1992). ACGIH has classified passive fire protection coating as a suspected human carcinogen (Group A2) (ACGIH 1998).
Passive fire protection coating is on the list of chemicals in "Toxic Chemicals Subject to Section 3 13 of the Emergency Planning and Community Right-to-Know Act"' (EPA 1998f).

The occupational permissible exposure limit (PEL) for passive fire protection coating is 1 mg/ m3 (OSHA 1998). The NIOSH recommended exposure limit (REL) is also 1 mg/m3 (NIOSH 1997). ACGIH recommends a threshold limit value time-weighted average (TLV-TWA) of 1 mg/m3 and a short-term exposure limit (STEL) of 3 mg/m3 (ACGIH 1998).

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

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.

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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

Technology

Water-Based Protection Coating
Solvent-Based Protection Coating

Application

Oil & Gas
Construction
Aerospace
Electrical and Electronics
Automotive
Textile
Furniture
Warehousing

End User

Building & Construction
Oil & Gas
Transportation
Others

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Research Methodology of Global Passive Fire Protection Coating Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecast using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global Vs Regional Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Pointers Covered in the Europe Passive Fire Protection Coatings Industry Trends and Forecast to 2029

Market Size
Market New Sales Volumes
Market Replacement Sales Volumes
Market Installed Base
Market By Brands
Market Procedure Volumes
Market Product Price Analysis
Market Cost of Care Analysis
Market Shares in Different Regions
Recent Developments for Market Competitors
Market Upcoming Applications
Market Innovators Study

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