The demand for fire protection systems is expected to increase with its increased application across various sectors including oil & gas, construction, energy & power, transportation & logistics amongst others. Technological advancements, rapid urbanization, & economic advancements are some of the other factors which are expected to contribute significantly to the growth of the fire protection system sector. 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.
Passive Fire Protection has become a mandatory requirement in India across various sectors due to the country's rapid economic development, leading to a surge in infrastructure activities. To address this demand, the first-ever focused exhibition and platform showcasing passive fire protection products and technology took place in Mumbai from 9 - 11 February 2023. The event successfully emphasized the significance of passive fire safety in industries like construction, industrial, and transport. Now, the second edition of Fire Safe Build India (FSBI) is scheduled for the upcoming year, offering an excellent opportunity for businesses to expand and network with potential partners in the passive fire protection industry. The expo provides a range of opportunities to stay updated with the latest trends and technologies in the field, including technical conferences, product demonstrations, and interactive displays, helping industry professionals stay informed and adaptable in this ever-evolving landscape.