Based on the end-users, building construction segment for Passive Fire Protection materials market is projected to grow with CAGR of about 8.5% by 2024. This is attributed to strong persistence by regional regulatory bodies primarily in emerging economies to enhance safety standards in residential commercial buildings. For instance, Association of Specialist Fire Protection (ASFP) have been encouraging to improve the quality of installed fire protection in all forms to improve the safety standards and reduce damage across high-risk environments which in turn will make significant contribution to passive fire protection materials market size by 2024. Request sample copy of this report @https://www.gminsights.com/request-sample/detail/2305 Passive fire protective sealants market size is anticipated to rise at a CAGR of over 8% by 2024. These materials are widely applicable for firestop in walls, floors, curtain wall joints, and in linear joints between walls and floors. They expand within the joints to provide fire vapor sealed environment and are highly preferred in maintaining safety standards across various industries such as oil gas, warehousing, manufacturing, construction, etc. and henceforth is probable to make substantial impact on passive fire protection materials market size by 2024. Strong demand for hydrocarbon based intumescent coatings from oil gas industry will propel passive fire protection materials market size during the forecast timespan. These materials are extensively preferred across various end-user industries including construction, oil gas, warehousing, manufacturing, etc. owing to its exceptional properties to tackle situations in case of fire emergency. For instance, intumescent coatings are highly preferred in oil gas sector due to high risk environment which is mainly due to presence of highly flammable compounds which will help in making significant gains to passive fire protection materials market size by 2024. Rapidly rising exploration activities in North America which is due to abundance of shale oil/gas reserves is probable to be a major factor which will help augment passive fire protection materials market size by 2024. For instance, as per the Energy Information Administration (EIA), the U.S. has approximately 200 trillion cubic feet (tcf) of proved shale gas resources. Browse Complete Summary of this report @https://www.gminsights.com/industry-analysis/passive-fire-protection-materials-market Unstable prices for raw materials which are widely used in making passive fire proofing materials is probable to hinder the passive fire protection materials market size by 2024. Furthermore, persistent need to enhance safety standards across various industries such as manufacturing, oil gas, warehousing, automotive, aerospace, etc. will drive the overall passive fire protection materials market size by 2024. North America passive fire protection materials market size is likely to grow at a CAGR with 8% by 2024. This is primarily due to rising product end-users across various end-user industries including construction, transportation, oil gas, manufacturing, warehousing, etc. which will propel the business size by 2024. Intumescent coatings are widely used in oil gas industry mainly in the U.S. during exploration activities to reduce damage in the high-risk environment. Additionally, increasing RD investment for the development of advanced coatings used in fireproofing is mainly attributed to stringent legislations formulated by regional regulatory bodies which propels the passive fire protection materials market size in the region. Major passive fire protection materials market share contributors are Sharpfibre, Kansai Paint, Lloyd Insulations, 3M, Rudolf Hensel, Nullifire, Teknos, Akzo Nobel, Promat International, PPG Industries, Sherwin-Williams and Hempel. Most of the companies are making significant investment in their RD facilities to develop advanced materials and attain competitive advantage in the market. Make an inquiry for purchasing this report @https://www.gminsights.com/inquiry-before-buying/2305 For instance, Jotun has initiated to set up a new RD center which will cost over USD 6 million at its site in Flixborough, United Kingdom. It is intended to focus on passive fire protection and insulation coatings innovation which will help accomplish higher gains than competitors in the region.