The global passive fire protection market size is expected to gain momentum by reaching USD 5.4 billion by 2028 from USD 4.0 billion in 2021, while exhibiting a CAGR of 4.5% between 2021 to 2028. In its report titled, “Passive Fire Protection Market, 2021-2028,” Fortune Business Insights™ mentions that the market stood at USD 3.8 billion in 2020.
The demand for fire protection systems is expected to increase with its increased demand in the oil & gas sector, where it helps in equipment protection and other offs**** and ons**** applications. Moreover, technological advancements and incessant exploration is expected to drive the market growth
Driving Factors
Rising Demand to Develop Fire-safe Infrastructure to Drive Mark
![Passive Fire Protection Market Size, Growth | Share [2028]](https://insta.tel/upload/photos/2023/01/VIge7YpjDxVB4faJ8GC5_url_image.jpg)
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