ID: MRFR/CnM/3236-HCR | February 2021 | Region: Global | 136 pages
Synopsis of Fire Protection Coatings Market:
Fire Protection Coatings are composed of different fillers and flame additives. They are used to prevent the rapid spread of fire flames across the surface and control the period of excessive heat. Additionally, they also suppress the production of gases produced during the combustion of materials. Excellent fire performance, strength, lightweight and low installed cost are the important trends and factors influencing the market emphatically. It is projected that the Fire Protection Coatings Market is set to grow at a higher CAGR owing to stringent regulations and the growing demand observed in end-use industries such as oil & gas, buildings and construction, automotive, aerospace, electrical & electronics, marine, and others.
As per our market analysis, the Global Fire Protection Coatings Market is segregated into type and application. The market by type is further categorized into passive fire protection and active fire protection coatings. Passive fire protection coatings involves components of construction methods such as concrete, structures, compartment, among others. They are known for their minimal maintenance work and environment compatible nature. Due to these features, the market is projected to witness a rapid growth in the passive Fire Protection Coating Segment. On the other hand, active fire protection coatings are applied by an automatic system. Sprinklers, alarms and water deluge are the main components of this system. The active Fire Protection Coatings Market is predicted to witness a higher CAGR during the forecast period due to its benefits to detect fires and inflammable gases automatically.
The Global Fire Protection Coating Market Share by Application:
The Global Fire Protection Coatings Market is segmented into five crucial regions namely Asia Pacific, North America, Europe, Latin America and the Middle East & Africa. Among these, Asia Pacific is estimated to hold the major share in the market due to growing production of coatings and rising demand from major end industries such as buildings and construction, automobile, defense, and others. Countries such as China, Japan and India have emerged as the leading players in this region. The growing demand from the major industries has propelled passive fire coating market to witness a higher CAGR during the forecast period, 2017-2023.
The European region has observed a significant growth in the Fire Protection Coatings Market due to rigid rules and norms on fire safety set by the regional government and retrieval in the construction industry. It is projected that Germany, the U.K. and Italy are the leading players in this region due to increasing usage of fire protection coatings in oil & gas and petrochemical industries.
The growth in the North American market is mainly attributed to the growing demand of steel in buildings and construction, oil & gas, automotive, marine and aviation sectors. It is estimated that passive Fire Protection Coatings segment is projected to lead the market in this region due to increasing demand of organic and inorganic coatings in construction, electrical & electronics industries. Owing to these factors, the U.S.A, Canada and Mexico are projected to be the major contributors in the market during the forecast period. The Middle East & Africa is predicted to witness a slow growth in the market due to low crude oil prices and shrinking construction industry. Moreover, it is estimated that the advancing nanotechnology has propelled the Latin American region to witness a higher growth in the paints and coating industries.
The Global Fire Protection Coatings Market is segmented into type and application. On the basis of type, the market is classified into active and passive Fire Protection Coatings. Among these, passive Fire Protection Coatings segment is projected to hold the major share in the market owing to its excellent fire performance, light weight and durability features. Applications segment further differentiated into oil & gas, buildings and construction, automotive, aerospace, marine, aviation, and others. Among these, buildings and construction is estimated to be the leading segment in this market.
Some of the prominent players functioning in the Global Fire Protection Coatings Market PPG industries (U.S.A.), Akzo Nobel N.V. (the Netherlands), The Sherwin-Williams Company (U.S.A.). RPM International Inc. (U.S.A.), Nippon Paint Holdings Co.(Japan), Axalta Coating Systems, LLC(U.S.A.), The Valspar Corporation( U.S.A.), BASE Coatings (Germany), KANSAI PAINT CO.,LTD (Japan), among others.
Jan 2022 - A research team led by a chemical engineer from the University of Southern Queensland and an Australian Research Council Future Colleague has developed a non-toxic, fire retardant coating that could prevent buildings from being consumed by flames. As one of the hottest things on the planet, lava spurred the concept for a hybrid coating that would melt and eventually produce a flowing, non-combustible ceramic layer when exposed to tremendous heat. Spraying the coating on building materials during construction – such as thermal insulation foam, wood, and steel structures – could help prevent calamities.
Jan 2022 - The Epsom & St. Hellier University Hospitals NHS Trust in Surrey, UK, has inked a "partners in health" deal with Zenova Group PLC, a fire safety and heat management equipment developer. Following the Trust's EME Technical Support Services division's examination of Zenova's fire safety and insulation products, the contract was signed, and Zenova was designated as an NHS valued partner. It paves the way for Zenova's products to be utilized throughout the Trust's estate to increase fire safety and insulation.
The report covers brief analysis of geographic regions such as Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
|Market Size||2030: Significant value|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Type, Application and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||PPG industries (U.S.A.), Akzo Nobel N.V. (the Netherlands), The Sherwin-Williams Company (U.S.A.). RPM International Inc. (U.S.A.), Nippon Paint Holdings Co.(Japan), Axalta Coating Systems, LLC(U.S.A.), The Valspar Corporation( U.S.A.), BASE Coatings (Germany), KANSAI PAINT CO.,LTD (Japan), among others.|
|Key Market Opportunities||Excellent fire performance, strength, lightweight and low installed cost are the important trends|
|Key Market Drivers||Growing demand observed in end-use industries|
Frequently Asked Questions (FAQ) :
fire protection coatings market is driven by demand in end-use industries of marine, automotive, aerospace, building & construction, oil & gas, and electrical & electronics.
Low installation costs, high strength, and excellent fire performance of fire coatings can influence the global fire protection coatings market growth.
The APAC region can lead in the global fire protection coatings market due to demand from industries of defense, automobile, and building & construction.
Europe is the second-best performing region due to increased use of this product in oil & gas and petrochemical industries in the global fire protection coatings market.
RPM International Inc., BASE Coatings, Axalta Coating Systems, LLC, PPG industries, KANSAI PAINT CO., LTD, Nippon Paint Holdings Co., The Valspar Corporation, The Sherwin-Williams Company, and Akzo Nobel N.V. are prominent players of the global fire protection coatings market.