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 is now becoming a requirement in India across multiple sectors. India being one of the fastest developing economies in the world, the volume of infrastructure activities has increased on a very large scale, creating a huge demand for passive fire protection products and technology. The premier edition of Fire Safe Build India is expected to cater to this growing demand and create a decisive platform for the Industry to converge and discuss future technologies and policy framework.