The Fire-resistant Coatings Market Size was valued at USD 1025 million in 2023 and is expected to reach USD 1329 million by 2031 and grow at a CAGR of 3.3% over the forecast period 2024-2031.
Ongoing research and development are leading to the creation of next-generation fire-resistant coatings with superior performance characteristics. This includes the emergence of nanotechnology-based coatings that offer exceptional flame retardancy, providing a highly effective barrier against fire spread.
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Furthermore, the development of eco-friendly fire-resistant materials is gaining traction. These innovative solutions promote sustainability without compromising safety standards, aligning with growing environmental concerns and paving the way for responsible fire protection practices. The integration of these advanced fire-resistant materials into infrastructure construction plays a vital role in fostering resilient communities. By incorporating these innovative coatings and materials, critical infrastructure projects can minimize potential fire-related damages and safeguard vital structures.
The fire-resistant coatings market is also driven by a growing focus on fire safety in electrical systems. Stringent regulations are mandating the use of fire-retardant cables and wires in various industries. Traditionally, these cables often contained halogenated materials, which pose a significant safety risk during a fire event by releasing toxic fumes and smoke. To address this concern, innovations in fire retardant cables and wires are leading to a shift towards halogen-free alternatives. These alternatives, such as advanced polymers and compounds, significantly reduce smoke emission and toxicity levels during a fire.
KEY DRIVERS:
The global market for fire-resistant coatings is witnessing a significant surge, fueled by a growing focus on safety measures and stricter regulations. The increasing number of devastating fire accidents has spurred governments worldwide to implement stricter fire safety codes and standards. Regions like Europe and North America are leading the charge in fire safety regulations. In the United States, the International Code Council (ICC) and the National Fire Protection Association (NFPA) play a crucial role in establishing fire safety standards for buildings, infrastructure, and industrial facilities. Similarly, the UK and Germany have implemented fire safety regulations under British Standard 476 and ETA & DIN 4102 standards, specifically targeting fire safety in building construction steelwork. Russia has also joined the ranks of fire safety-conscious nations with Federal Law No. 123-03 and GOST R 53295-2009, which mandate technical regulations for fire safety in construction activities. These stringent regulations are driving the demand for fire-resistant coatings, as new buildings and industrial plants must meet these fire resistance standards.
RESTRAIN:
Despite the growing demand for fire safety, the fire-resistant coatings market faces a challenge: affordability. While these advanced coatings offer superior protection, they come at a premium price. This cost factor becomes a significant hurdle when choosing fire protection materials, especially for applications with less stringent fire resistance specifications or lower volume requirements. high-end fire-resistant coatings might not be the most economical option. Project managers and builders often turn to more budget-friendly alternatives like active fire protection systems or even low-cost cementitious coatings. These alternatives offer a cheaper solution for applications where fire resistance requirements are less demanding.
OPPORTUNITY:
Fire-resistant coatings are extending their reach beyond new builds, finding increasing use in renovations for both homes and businesses. This rise is fueled by their multi-pronged attack: fire protection, weather resistance, and reduced maintenance – all factors that lengthen a building's lifespan. With a growing focus on clean energy and building safety, coupled with aging infrastructure (like the 35% of buildings over 50 years old in the EU), stricter renovation regulations are creating a global demand for fire-resistant coatings to upgrade existing structures' fire safety.
CHALLENGES:
The Russia-Ukraine war has majorly affected the fire-resistant coatings market. Disruptions to the global supply chain are the main culprit. War-related factors have hindered the smooth flow of essential raw materials needed for fire-resistant coating production. This shortage, coupled with transportation delays and rising costs, is squeezing margins and impacting project budgets. The war's economic ripple effects are also dampening demand. Construction activity, a key driver for fire-resistant coatings, has slowed down in many regions due to economic instability. Furthermore, governments and businesses may be prioritizing resources towards the war effort or refugee support, diverting funds away from construction projects and fire safety upgrades.
Economic downturns has slow down the overall fire-resistant coatings market. The most immediate impact is felt through a decline in construction spending. As businesses and individuals tighten their budgets, new building projects and infrastructure developments are often put on hold. Since fire-resistant coatings play a vital role in these projects, this translates to a direct drop in demand. The economic uncertainty breeds hesitation. Project delays and even cancellations become more frequent, disrupting the flow of fire-resistant coating purchases and installations. Businesses may also prioritize short-term operational costs over long-term investments in fire safety upgrades. Fire-resistant coatings, despite their importance, might be seen as a non-essential expense during challenging economic times.
By Type
Intumescent sub-segment dominated the Fire-resistant Coatings market in 2023 by type. These coatings, available in both solvent-borne and water-borne options, are particularly popular in the building and construction industry. A key advantage of intumescent coatings lies in their weight compared to traditional cementitious coatings. Cementitious solutions, while offering fire protection, can significantly add to the overall weight of a structure. Intumescent coatings, on the other hand, can achieve similar levels of fire protection while being much thinner. This translates to a lighter overall weight for buildings and substrates, a significant benefit for construction projects.
By Technology
Water-borne sub-segment leading the fire resistance coating market in 2023 by technology, this formulations boast a significantly higher water content, dramatically reducing the use of harmful volatile organic compounds (VOCs). VOCs are notorious air pollutants that pose health risks to construction workers and building occupants. By minimizing VOC content, water-borne coatings contribute to a healthier environment for everyone involved. Compared to their solvent-borne counterparts, water-borne coatings are a breeze to clean up. This translates to reduced waste disposal challenges and a more streamlined construction process, saving time and resources.
By Application Technique
By Application
The building & construction segment by application dominates the fire-resistant coatings market, which held the largest market share by value in 2023. The rise in construction activities globally, particularly in emerging economies within the Asia Pacific (APAC) and Middle East & Africa (MEA) regions, is a key factor fueling market demand. Furthermore, the growing number of manufacturing facilities in these regions creates additional demand for fire-resistant coatings, further solidifying the building & construction industry's position as the leading market segment.
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By Substrate
Europe is the dominating region in the fire-resistant coatings market. In 2023, it held a dominant 42% share, driven by several key factors. Stringent government regulations mandating fire safety measures have instilled a strong culture of fire protection, necessitating the use of fire-resistant coatings in construction projects. Furthermore, Europe's commitment to sustainable development has spurred innovation in "green" fire-resistant coatings, creating fresh opportunities for market growth. Within the region, Germany and the UK have emerged as the powerhouses, leading the charge in fire safety solutions. The region's focus on fire safety regulations and sustainable development continues to lay a strong foundation for the fire-resistant coatings market.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Some of the major players in the Fire-resistant Coatings Market are AkzoNobel (Netherlands), PPG (US), Jotun (Norway), Sherwin-Williams (US), Hempel (Denmark), RPM International (US), Sika (Switzerland), ETEX group (Belgium), Kansai Paints (Japan), Teknos (Finland), and other players.
In March 2024: Max Tritremmel, fire protection expert at Sherwin-Williams, will discuss the latest developments in epoxy fireproofing, including Firetex FX9502. This innovative coating makes shop-applied fire protection a strong alternative to traditional methods.
In June 2024: Evonik expands its TEGO Therm product range. These innovative coatings provide heat protection and fire resistance for EV battery housings and covers, addressing the critical need for thermal insulation barriers to prevent thermal runaway.
In March 2023: RPM International Inc. Is acquiring by the NOW Specialties, LLC. This Texas-based business specializes in Metal Composite Material and Aluminum Composite Material panels, and generates roughly $20 million in annual sales. The acquisition adds to RPM's Tremco Construction Products Group (Tremco CPG), though the deal's terms and NOW's installation business were not disclosed.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 1025 million |
| Market Size by 2031 | US$ 1329 million |
| CAGR | CAGR of 3.3% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By type (Intumescent, Cementitious) • By technology (Water-born, Solvent-borne) • By application technique (Spray, Brush & roller) • By application (Building & construction, Industrial , Aerospace , Others) • By substrate (Metal, Wood, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | AkzoNobel (Netherlands), PPG (US), Jotun (Norway), Sherwin-Williams (US), Hempel (Denmark), RPM International (US), Sika (Switzerland), ETEX group (Belgium), Kansai Paints (Japan), Teknos (Finland) |
| Drivers | • The global market for fire-resistant coatings is on the rise, fueled by a growing focus on fire safety regulations worldwide. |
| Restraints | • The affordability of lower-tech fire protection methods like fire extinguishers limits the use of advanced fire-resistant coatings in some applications. |
Ans: The Fire-resistant Coatings Market is expected to grow at a CAGR of 3.3%.
Ans: Fire-resistant Coatings Market size was USD 1025 million in 2023 and is expected to Reach USD 1329 million by 2031.
Ans: The fire prevention is mandatory use in buildings for safety, customization protection for diverse applications, and ability to safeguard electrical systems.
Ans: The fire-resistant coatings market is growing due to a stronger focus on fire safety measures and stricter regulations around the world.
Ans: Europe is expected to hold the largest market share in the global Fire-resistant Coatings Market during the forecast period.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine War
5.2 Impact of Economic Slowdown
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Average Selling Price
9.1 North America
9.2 Europe
9.3 Asia Pacific
9.4 Latin America
9.5 Middle East & Africa
10. Fire-resistant Coatings Market Segmentation, By Substrate
10.1 Introduction
10.2 Trend Analysis
10.3 Metal
10.4 Wood
10.5 Others
11. Fire-resistant Coatings Market Segmentation, By Types
11.1 Introduction
11.2 Trend Analysis
11.3 Intumescent
11.4 Cementitious
12. Fire-resistant Coatings Market Segmentation, By Technology
12.1 Introduction
12.2 Trend Analysis
12.3 Water-borne
12.4 Solvent-borne
13. Fire-resistant Coatings Market Segmentation, By Application Technique
13.1 Introduction
13.2 Trend Analysis
13.3 Spray
13.4 Brush & roller
14. Fire-resistant Coatings Market Segmentation, By Application
14.1 Introduction
14.2 Trend Analysis
14.3 Building & construction
14.4 Industrial
14.5 Aerospace
14.6 Others
15. Regional Analysis
15.1 Introduction
15.2 North America
15.2.1 Trend Analysis
15.2.2 North America Fire-resistant Coatings Market By Country
15.2.3 North America Fire-resistant Coatings Market By Substrate
15.2.4 North America Fire-resistant Coatings Market By Type
15.2.5 North America Fire-resistant Coatings Market By Technology
15.2.6 North America Fire-resistant Coatings Market, By Application Technique
15.2.7 North America Fire-resistant Coatings Market, By Application
15.2.8 USA
15.2.8.1 USA Fire-resistant Coatings Market By Substrate
15.2.8.2 USA Fire-resistant Coatings Market By Type
15.2.8.3 USA Fire-resistant Coatings Market By Technology
15.2.8.4 USA Fire-resistant Coatings Market, By Application Technique
15.2.8.5 USA Fire-resistant Coatings Market, By Application
15.2.9 Canada
15.2.9.1 Canada Fire-resistant Coatings Market By Substrate
15.2.9.2 Canada Fire-resistant Coatings Market By Type
15.2.9.3 Canada Fire-resistant Coatings Market By Technology
15.2.9.4 Canada Fire-resistant Coatings Market, By Application Technique
15.2.9.5 Canada Fire-resistant Coatings Market, By Application
15.2.10 Mexico
15.2.10.1 Mexico Fire-resistant Coatings Market By Substrate
15.2.10.2 Mexico Fire-resistant Coatings Market By Type
15.2.10.3 Mexico Fire-resistant Coatings Market By Technology
15.2.10.4 Mexico Fire-resistant Coatings Market, By Application Technique
15.2.10.5 Mexico Fire-resistant Coatings Market, By Application
15.3 Europe
15.3.1 Trend Analysis
15.3.2 Eastern Europe
15.3.2.1 Eastern Europe Fire-resistant Coatings Market By Country
15.3.2.2 Eastern Europe Fire-resistant Coatings Market By Substrate
15.3.2.3 Eastern Europe Fire-resistant Coatings Market By Type
15.3.2.4 Eastern Europe Fire-resistant Coatings Market By Technology
15.3.2.5 Eastern Europe Fire-resistant Coatings Market By Application Technique
15.3.2.6 Eastern Europe Fire-resistant Coatings Market, By Application
15.3.2.7 Poland
15.3.2.7.1 Poland Fire-resistant Coatings Market By Substrate
15.3.2.7.2 Poland Fire-resistant Coatings Market By Type
15.3.2.7.3 Poland Fire-resistant Coatings Market By Technology
15.3.2.7.4 Poland Fire-resistant Coatings Market By Application Technique
15.3.2.7.5 Poland Fire-resistant Coatings Market, By Application
15.3.2.8 Romania
15.3.2.8.1 Romania Fire-resistant Coatings Market By Substrate
15.3.2.8.2 Romania Fire-resistant Coatings Market By Type
15.3.2.8.3 Romania Fire-resistant Coatings Market By Technology
15.3.2.8.4 Romania Fire-resistant Coatings Market By Application Technique
15.3.2.8.5 Romania Fire-resistant Coatings Market, By Application
15.3.2.9 Hungary
15.3.2.9.1 Hungary Fire-resistant Coatings Market By Substrate
15.3.2.9.2 Hungary Fire-resistant Coatings Market By Type
15.3.2.9.3 Hungary Fire-resistant Coatings Market By Technology
15.3.2.9.4 Hungary Fire-resistant Coatings Market By Application Technique
15.3.2.9.5 Hungary Fire-resistant Coatings Market, By Application
15.3.2.10 Turkey
15.3.2.10.1 Turkey Fire-resistant Coatings Market By Substrate
15.3.2.10.2 Turkey Fire-resistant Coatings Market By Type
15.3.2.10.3 Turkey Fire-resistant Coatings Market By Technology
15.3.2.10.4 Turkey Fire-resistant Coatings Market By Application Technique
15.3.2.10.5 Turkey Fire-resistant Coatings Market, By Application
15.3.2.11 Rest of Eastern Europe
15.3.2.11.1 Rest of Eastern Europe Fire-resistant Coatings Market By Substrate
15.3.2.11.2 Rest of Eastern Europe Fire-resistant Coatings Market By Type
15.3.2.11.3 Rest of Eastern Europe Fire-resistant Coatings Market By Technology
15.3.2.11.4 Rest of Eastern Europe Fire-resistant Coatings Market By Application Technique
15.3.2.11.5 Rest of Eastern Europe Fire-resistant Coatings Market, By Application
15.3.3 Western Europe
15.3.3.1 Western Europe Fire-resistant Coatings Market By Country
15.3.3.2 Western Europe Fire-resistant Coatings Market By Substrate
15.3.3.3 Western Europe Fire-resistant Coatings Market By Type
15.3.3.4 Western Europe Fire-resistant Coatings Market By Technology
15.3.3.5 Western Europe Fire-resistant Coatings Market By Application Technique
15.3.3.6 Western Europe Fire-resistant Coatings Market, By Application
15.3.3.7 Germany
15.3.3.7.1 Germany Fire-resistant Coatings Market By Substrate
15.3.3.7.2 Germany Fire-resistant Coatings Market By Type
15.3.3.7.3 Germany Fire-resistant Coatings Market By Technology
15.3.3.7.4 Germany Fire-resistant Coatings Market By Application Technique
15.3.3.7.5 Germany Fire-resistant Coatings Market, By Application
15.3.3.8 France
15.3.3.8.1 France Fire-resistant Coatings Market By Substrate
15.3.3.8.2 France Fire-resistant Coatings Market By Type
15.3.3.8.3 France Fire-resistant Coatings Market By Technology
15.3.3.8.4 France Fire-resistant Coatings Market By Application Technique
15.3.3.8.5 France Fire-resistant Coatings Market, By Application
15.3.3.9 UK
15.3.3.9.1 UK Fire-resistant Coatings Market By Substrate
15.3.3.9.2 UK Fire-resistant Coatings Market By Type
15.3.3.9.3 UK Fire-resistant Coatings Market By Technology
15.3.3.9.4 UK Fire-resistant Coatings Market By Application Technique
15.3.3.9.5 UK Fire-resistant Coatings Market, By Application
15.3.3.10 Italy
15.3.3.10.1 Italy Fire-resistant Coatings Market By Substrate
15.3.3.10.2 Italy Fire-resistant Coatings Market By Type
15.3.3.10.3 Italy Fire-resistant Coatings Market By Technology
15.3.3.10.4 Italy Fire-resistant Coatings Market By Application Technique
15.3.3.10.5 Italy Fire-resistant Coatings Market, By Application
15.3.3.11 Spain
15.3.3.11.1 Spain Fire-resistant Coatings Market By Substrate
15.3.3.11.2 Spain Fire-resistant Coatings Market By Type
15.3.3.11.3 Spain Fire-resistant Coatings Market By Technology
15.3.3.11.4 Spain Fire-resistant Coatings Market By Application Technique
15.3.3.11.5 Spain Fire-resistant Coatings Market, By Application
15.3.3.12 Netherlands
15.3.3.12.1 Netherlands Fire-resistant Coatings Market By Substrate
15.3.3.12.2 Netherlands Fire-resistant Coatings Market By Type
15.3.3.12.3 Netherlands Fire-resistant Coatings Market By Technology
15.3.3.12.4 Netherlands Fire-resistant Coatings Market By Application Technique
15.3.3.12.5 Netherlands Fire-resistant Coatings Market, By Application
15.3.3.13 Switzerland
15.3.3.13.1 Switzerland Fire-resistant Coatings Market By Substrate
15.3.3.13.2 Switzerland Fire-resistant Coatings Market By Type
15.3.3.13.3 Switzerland Fire-resistant Coatings Market By Technology
15.3.3.13.4 Switzerland Fire-resistant Coatings Market By Application Technique
15.3.3.13.5 Switzerland Fire-resistant Coatings Market, By Application
15.3.3.15 Austria
15.3.3.15.1 Austria Fire-resistant Coatings Market By Substrate
15.3.3.15.2 Austria Fire-resistant Coatings Market By Type
15.3.3.15.3 Austria Fire-resistant Coatings Market By Technology
15.3.3.15.4 Austria Fire-resistant Coatings Market By Application Technique
15.3.3.15.5 Austria Fire-resistant Coatings Market, By Application
15.3.3.15 Rest of Western Europe
15.3.3.15.1 Rest of Western Europe Fire-resistant Coatings Market By Substrate
15.3.3.15.2 Rest of Western Europe Fire-resistant Coatings Market By Type
15.3.3.15.3 Rest of Western Europe Fire-resistant Coatings Market By Technology
15.3.3.15.4 Rest of Western Europe Fire-resistant Coatings Market By Application Technique
15.3.3.15.5 Rest of Western Europe Fire-resistant Coatings Market, By Application
15.4 Asia-Pacific
15.4.1 Trend Analysis
15.4.2 Asia-Pacific Fire-resistant Coatings Market By country
15.4.3 Asia-Pacific Fire-resistant Coatings Market By Substrate
15.4.4 Asia-Pacific Fire-resistant Coatings Market By Type
15.4.5 Asia-Pacific Fire-resistant Coatings Market By Technology
15.4.6 Asia-Pacific Fire-resistant Coatings Market By Application Technique
15.4.7 Asia-Pacific Fire-resistant Coatings Market, By Application
15.4.8 China
15.4.8.1 China Fire-resistant Coatings Market By Substrate
15.4.8.2 China Fire-resistant Coatings Market By Type
15.4.8.3 China Fire-resistant Coatings Market By Technology
15.4.8.4 China Fire-resistant Coatings Market By Application Technique
15.4.8.5 China Fire-resistant Coatings Market, By Application
15.4.9 India
15.4.9.1 India Fire-resistant Coatings Market By Substrate
15.4.9.2 India Fire-resistant Coatings Market By Type
15.4.9.3 India Fire-resistant Coatings Market By Technology
15.4.9.4 India Fire-resistant Coatings Market By Application Technique
15.4.9.5 India Fire-resistant Coatings Market, By Application
15.4.10 Japan
15.4.10.1 Japan Fire-resistant Coatings Market By Substrate
15.4.10.2 Japan Fire-resistant Coatings Market By Type
15.4.10.3 Japan Fire-resistant Coatings Market By Technology
15.4.10.4 Japan Fire-resistant Coatings Market By Application Technique
15.4.10.5 Japan Fire-resistant Coatings Market, By Application
15.4.11 South Korea
15.4.11.1 South Korea Fire-resistant Coatings Market By Substrate
15.4.11.2 South Korea Fire-resistant Coatings Market By Type
15.4.11.3 South Korea Fire-resistant Coatings Market By Technology
15.4.11.4 South Korea Fire-resistant Coatings Market By Application Technique
15.4.11.5 South Korea Fire-resistant Coatings Market, By Application
15.4.12 Vietnam
15.4.12.1 Vietnam Fire-resistant Coatings Market By Substrate
15.4.12.2 Vietnam Fire-resistant Coatings Market By Type
15.4.12.3 Vietnam Fire-resistant Coatings Market By Technology
15.4.12.4 Vietnam Fire-resistant Coatings Market By Application Technique
15.4.12.5 Vietnam Fire-resistant Coatings Market, By Application
15.4.13 Singapore
15.4.13.1 Singapore Fire-resistant Coatings Market By Substrate
15.4.13.2 Singapore Fire-resistant Coatings Market By Type
15.4.13.3 Singapore Fire-resistant Coatings Market By Technology
15.4.13.4 Singapore Fire-resistant Coatings Market By Application Technique
15.4.13.5 Singapore Fire-resistant Coatings Market, By Application
15.4.15 Australia
15.4.15.1 Australia Fire-resistant Coatings Market By Substrate
15.4.15.2 Australia Fire-resistant Coatings Market By Type
15.4.15.3 Australia Fire-resistant Coatings Market By Technology
15.4.15.4 Australia Fire-resistant Coatings Market By Application Technique
15.4.15.5 Australia Fire-resistant Coatings Market, By Application
15.4.15 Rest of Asia-Pacific
15.4.15.1 Rest of Asia-Pacific Fire-resistant Coatings Market By Substrate
15.4.15.2 Rest of Asia-Pacific Fire-resistant Coatings Market By Type
15.4.15.3 Rest of Asia-Pacific Fire-resistant Coatings Market By Technology
15.4.15.4 Rest of Asia-Pacific Fire-resistant Coatings Market By Application Technique
15.4.15.5 Rest of Asia-Pacific Fire-resistant Coatings Market, By Application
15.5 Middle East & Africa
15.5.1 Trend Analysis
15.5.2 Middle East
15.5.2.1 Middle East Fire-resistant Coatings Market By Country
15.5.2.2 Middle East Fire-resistant Coatings Market By Substrate
15.5.2.3 Middle East Fire-resistant Coatings Market By Type
15.5.2.4 Middle East Fire-resistant Coatings Market By Technology
15.5.2.5 Middle East Fire-resistant Coatings Market By Application Technique
15.5.2.6 Middle East Fire-resistant Coatings Market, By Application
15.5.2.7 UAE
15.5.2.7.1 UAE Fire-resistant Coatings Market By Substrate
15.5.2.7.2 UAE Fire-resistant Coatings Market By Type
15.5.2.7.3 UAE Fire-resistant Coatings Market By Technology
15.5.2.7.4 UAE Fire-resistant Coatings Market By Application Technique
15.5.2.7.5 UAE Fire-resistant Coatings Market, By Application
15.5.2.8 Egypt
15.5.2.8.1 Egypt Fire-resistant Coatings Market By Substrate
15.5.2.8.2 Egypt Fire-resistant Coatings Market By Type
15.5.2.8.3 Egypt Fire-resistant Coatings Market By Technology
15.5.2.8.4 Egypt Fire-resistant Coatings Market By Application Technique
15.5.2.8.5 Egypt Fire-resistant Coatings Market, By Application
15.5.2.9 Saudi Arabia
15.5.2.9.1 Saudi Arabia Fire-resistant Coatings Market By Substrate
15.5.2.9.2 Saudi Arabia Fire-resistant Coatings Market By Type
15.5.2.9.3 Saudi Arabia Fire-resistant Coatings Market By Technology
15.5.2.9.4 Saudi Arabia Fire-resistant Coatings Market By Application Technique
15.5.2.9.5 Saudi Arabia Fire-resistant Coatings Market, By Application
15.5.2.10 Qatar
15.5.2.10.1 Qatar Fire-resistant Coatings Market By Substrate
15.5.2.10.2 Qatar Fire-resistant Coatings Market By Type
15.5.2.10.3 Qatar Fire-resistant Coatings Market By Technology
15.5.2.10.4 Qatar Fire-resistant Coatings Market By Application Technique
15.5.2.10.5 Qatar Fire-resistant Coatings Market, By Application
15.5.2.11 Rest of Middle East
15.5.2.11.1 Rest of Middle East Fire-resistant Coatings Market By Substrate
15.5.2.11.2 Rest of Middle East Fire-resistant Coatings Market By Type
15.5.2.11.3 Rest of Middle East Fire-resistant Coatings Market By Technology
15.5.2.11.4 Rest of Middle East Fire-resistant Coatings Market By Application Technique
15.5.2.11.5 Rest of Middle East Fire-resistant Coatings Market, By Application
15.5.3 Africa
15.5.3.1 Africa Fire-resistant Coatings Market By Country
15.5.3.2 Africa Fire-resistant Coatings Market By Substrate
15.5.3.3 Africa Fire-resistant Coatings Market By Type
15.5.3.4 Africa Fire-resistant Coatings Market By Technology
15.5.3.5 Africa Fire-resistant Coatings Market By Application Technique
15.5.3.6 Africa Fire-resistant Coatings Market, By Application
15.5.3.7 Nigeria
15.5.3.7.1 Nigeria Fire-resistant Coatings Market By Substrate
15.5.3.7.2 Nigeria Fire-resistant Coatings Market By Type
15.5.3.7.3 Nigeria Fire-resistant Coatings Market By Technology
15.5.3.7.4 Nigeria Fire-resistant Coatings Market By Application Technique
15.5.3.7.5 Nigeria Fire-resistant Coatings Market, By Application
15.5.3.8 South Africa
15.5.3.8.1 South Africa Fire-resistant Coatings Market By Substrate
15.5.3.8.2 South Africa Fire-resistant Coatings Market By Type
15.5.3.8.3 South Africa Fire-resistant Coatings Market By Technology
15.5.3.8.4 South Africa Fire-resistant Coatings Market By Application Technique
15.5.3.8.5 South Africa Fire-resistant Coatings Market, By Application
15.5.3.9 Rest of Africa
15.5.3.9.1 Rest of Africa Fire-resistant Coatings Market By Substrate
15.5.3.9.2 Rest of Africa Fire-resistant Coatings Market By Type
15.5.3.9.3 Rest of Africa Fire-resistant Coatings Market By Technology
15.5.3.9.4 Rest of Africa Fire-resistant Coatings Market By Application Technique
15.5.3.9.5 Rest of Africa Fire-resistant Coatings Market, By Application
15.6 Latin America
15.6.1 Trend Analysis
15.6.2 Latin America Fire-resistant Coatings Market By Country
15.6.3 Latin America Fire-resistant Coatings Market By Substrate
15.6.4 Latin America Fire-resistant Coatings Market By Type
15.6.5 Latin America Fire-resistant Coatings Market By Technology
15.6.6 Latin America Fire-resistant Coatings Market By Application Technique
15.6.7 Latin America Fire-resistant Coatings Market, By Application
15.6.8 Brazil
15.6.8.1 Brazil Fire-resistant Coatings Market By Substrate
15.6.8.2 Brazil Fire-resistant Coatings Market By Type
15.6.8.3 Brazil Fire-resistant Coatings Market By Technology
15.6.8.4 Brazil Fire-resistant Coatings Market By Application Technique
15.6.8.5 Brazil Fire-resistant Coatings Market, By Application
15.6.9 Argentina
15.6.9.1 Argentina Fire-resistant Coatings Market By Substrate
15.6.9.2 Argentina Fire-resistant Coatings Market By Type
15.6.9.3 Argentina Fire-resistant Coatings Market By Technology
15.6.9.4 Argentina Fire-resistant Coatings Market By Application Technique
15.6.9.5 Argentina Fire-resistant Coatings Market, By Application
15.6.10 Colombia
15.6.10.1 Colombia Fire-resistant Coatings Market By Substrate
15.6.10.2 Colombia Fire-resistant Coatings Market By Type
15.6.10.3 Colombia Fire-resistant Coatings Market By Technology
15.6.10.4 Colombia Fire-resistant Coatings Market By Application Technique
15.6.10.5 Colombia Fire-resistant Coatings Market, By Application
15.6.11 Rest of Latin America
15.6.11.1 Rest of Latin America Fire-resistant Coatings Market By Substrate
15.6.11.2 Rest of Latin America Fire-resistant Coatings Market By Type
15.6.11.3 Rest of Latin America Fire-resistant Coatings Market By Technology
15.6.11.4 Rest of Latin America Fire-resistant Coatings Market By Application Technique
15.6.11.5 Rest of Latin America Fire-resistant Coatings Market, By Application
15. Company Profiles
15.1 AkzoNobel (Netherlands)
15.1.1 Company Overview
15.1.2 Financials
15.1.3 Products/ Services Offered
15.1.4 SWOT Analysis
15.1.5 The SNS View
15.2 PPG (US)
15.2.1 Company Overview
15.2.2 Financials
15.2.3 Products/ Services Offered
15.2.4 SWOT Analysis
15.2.5 The SNS View
15.3 Jotun (Norway)
15.3.1 Company Overview
15.3.2 Financials
15.3.3 Products/ Services Offered
15.3.4 SWOT Analysis
15.3.5 The SNS View
15.4 Sherwin-Williams (US)
15.4 Company Overview
15.4.2 Financials
15.4.3 Products/ Services Offered
15.4.4 SWOT Analysis
15.4.5 The SNS View
15.5 Hempel (Denmark)
15.5.1 Company Overview
15.5.2 Financials
15.5.3 Products/ Services Offered
15.5.4 SWOT Analysis
15.5.5 The SNS View
15.6 Sika (Switzerland)
15.6.1 Company Overview
15.6.2 Financials
15.6.3 Products/ Services Offered
15.6.4 SWOT Analysis
15.6.5 The SNS View
15.7 ETEX group (Belgium)
15.7.1 Company Overview
15.7.2 Financials
15.7.3 Products/ Services Offered
15.7.4 SWOT Analysis
15.7.5 The SNS View
15.8 Kansai Paints (Japan)
15.8.1 Company Overview
15.8.2 Financials
15.8.3 Products/ Services Offered
15.8.4 SWOT Analysis
15.8.5 The SNS View
15.9 Teknos (Finland)
15.9.1 Company Overview
15.9.2 Financials
15.9.3 Products/ Services Offered
15.9.4 SWOT Analysis
15.9.5 The SNS View
15.10 Vinh Hoan Corporation
15.10.1 Company Overview
15.10.2 Financials
15.10.3 Products/ Services Offered
15.10.4 SWOT Analysis
15.10.5 The SNS View
15.11 Gelnex
15.11.1 Company Overview
15.11.2 Financials
15.11.3 Products/ Services Offered
15.11.4 SWOT Analysis
15.11.5 The SNS View
15.12 Ewald-Gelatine
15.12.1 Company Overview
15.12.2 Financials
15.12.3 Products/ Services Offered
15.12.4 SWOT Analysis
15.12.5 The SNS View
15.13 Collagen Solutions
15.13.1 Company Overview
15.13.2 Financials
15.13.3 Products/ Services Offered
15.13.4 SWOT Analysis
15.13.5 The SNS View
16. Competitive Landscape
16.1 Competitive Benchmarking
16.2 Market Share Analysis
16.3 Recent Developments
16.3.1 Industry News
16.3.2 Company News
16.3.3 Mergers & Acquisitions
17. Use Case and Best Practices
18. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Pelargonic Acid Market size was valued at USD 198.2 million in 2023 and is expected to grow to USD 330.50 million by 2031 and grow at a CAGR of 6.6% over the forecast period of 2024-2031.
The Epoxy Adhesives Market Size was valued at USD 9.64 billion in 2023 and is expected to reach USD 14.13 billion by 2031 and grow at a CAGR of 4.9% over the forecast period 2024-2031.
The PMMA Microspheres Market Size was valued at USD 338.5 million in 2023, and is expected to reach USD 564.43 million by 2031, and grow at a CAGR of 6.6% over the forecast period 2024-2031.
Oleochemicals Market size was valued at USD 23.96 billion in 2023 and is expected to grow to USD 41.09 billion by 2031 and grow at a CAGR of 6.8% over the forecast period of 2024-2031.
Tow Prepreg Market Size was valued at USD 314.71 million in 2022, and expected to reach USD 790.43 million by 2030, and grow at a CAGR of 12.2 % over the forecast period 2023-2030.
The UV stabilizers Market Size was valued at USD 1.36 billion in 2023, and is expected to reach USD 2.106 billion by 2031, and grow at a CAGR of 5.6% over the forecast period 2024-2031.
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