PUBLISHER: Data Bridge Market Research | PRODUCT CODE: 1455594
PUBLISHER: Data Bridge Market Research | PRODUCT CODE: 1455594
The Middle East passive fire protection coatings market is expected to reach USD 0.18 Billion by 2031 from USD 0.14 Billion in 2023, growing with a substantial CAGR of 3.4% in the forecast period of 2024 to 2031.
Middle East Passive Fire Protection Coatings Market, By Product Type (Cementitious Material and Intumescent Coating), Technology (Water-Based Protection Coating and Solvent-Based Protection Coating), End-Use (Building & Construction, Oil & Gas, Automotive, Aerospace & Defense, Electrical and Electronics, Textile, Furniture, and Others), Country (Egypt, Saudi Arabia, U.A.E., Israel, Bahrain, Kuwait, Oman, Lebanon, and Rest of Middle East and Africa) - Industry Trends and Forecast to 2031
Drivers
Rising use of passive fire protection coatings in various industries
Increasing demand for water based fire protection coatings
Government regulations favouring the fire protection coatings
Restraints
Improper installation of passive fire protection coating
Use of harmful chemicals in manufacturing
Opportunities
Technological advancement in oil and gas exploration activities
Increase in research and development of new products