image

Fire-Resistant Coatings Market Report Score & Overview:

The Fire-Resistant Coatings Market Size was valued at USD 1.03 billion in 2022, and expected to reach USD 1.32  billion by 2030, and grow at a CAGR of 3.2% over the forecast period 2023-2030.  

Fire-resistant coating is also called as instrument paint. It's a fire-resisting material that uses a product to apply a coat to a specified surface to ensure that it has a suitable thickness of coverage to offer the required fire resistance. The use of a fire-resistant coating is common to prevent the file and flame from spreading across the surface by leaking gas as they heat up. The use of a fire-resistant coating reduces the chance of a fire. This doubles as a chair and an electrical plate. For example, electric cables can catch fire. Buildings that must meet legal criteria, such as blocks of flats, rented apartments, industrial kitchens, schools, and hospitals, among others, require fireproof paint. Depending on the substrate on which they must be applied, as well as the environment and project requirements, fire retardant paints come in a variety of levels of protection.  

Fire-resistant Coatings Market Revenue Analysis

Get More Information on Fire-Resistant Coatings Market - Request Sample Report

Market Dynamics:

Drivers:

  • Increasing Global Awareness, Changing Regulations, and a Growing Focus on Safety Measures

  • In the building and construction industry, there is a growing preference for lightweight materials.

  • Globally, the number of fire accidents is on the rise.

  • New Building Codes for Green and Smart Buildings, as well as a Growing Focus on Green Certification

Restraints:

  • The Construction Industry's Impact on the Economic Slowdown and COVID-19

Opportunity:

  • In renovation projects, there is a growing demand for fire-resistant coatings.

  • The demand for water-based intumescent coatings is increasing.

Challenge:

  • Concerns about the application of coatings and their durability

Impact of COVID-19:

COVID-19 has wreaked havoc on countries throughout North America and Europe. As a precaution, all construction and industrial activity has been halted. Several construction projects around the world have been paused, resulting in a decrease in demand for fire-resistant coatings. Furthermore, the paints and coatings industry has been grappling with supply chain disruptions, which is expected to result in raw material and other product price increases.

Market Segmentation:

By Type

  • Intumescent

  • Cementitious

By Technology

  • Water-borne

  • Solvent-borne

By Application Technique

  • Spray

  • Brush & roller

By Application

  • Building & construction

  • Industrial    

  • Aerospace 

  • Others         

By Substrate

  • Metal

  • Wood

  • Others

Fire-resistant Coatings Market Segmentation Analysis

Get Customized Report as per Your Business Requirement - Request For Customized Report

Regional Analysis:

Because of increased product demand in the construction sector and growing populations in countries such as India and China, Asia Pacific is expected to be the leading region in the worldwide fire-resistant coatings market. Because of the presence of numerous well-established market players in countries such as the United States and Canada, North America is expected to offer attractive growth prospects for the global fire-resistant coatings market.

Because of rising industrialization and modernization in nations like the United Kingdom and Germany, Europe is predicted to grow rapidly in the worldwide fire-resistant coatings market. In the years ahead, other parts of the world, such as Latin America, the Middle East, and Africa, are likely to have moderate expansion in the global fire-resistant coatings market.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Key Players:

Major market players in Fire-resistant Coatings Market are Hempel, Teknos, PPG, Jotun, AkzoNobel, RPM International, ETEX group, Kansai Paints, Sika, Sherwin Williams, and other players.

Hempel​-Company Financial Analysis

Fire-resistant Coatings Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 1.03 Billion
Market Size by 2030 US$ 1.32 Billion
CAGR CAGR of 3.2% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
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 (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Fire-resistant Coatings Market are, Hempel, Teknos, PPG, Jotun, AkzoNobel, RPM International, ETEX group, Kansai Paints, Sika, Sherwin Williams, and other players.
DRIVERS • Increasing Global Awareness, Changing Regulations, and a Growing Focus on Safety Measures
• In the building and construction industry, there is a growing preference for lightweight materials.
• Globally, the number of fire accidents is on the rise.
Restraints • The Construction Industry's Impact on the Economic Slowdown and COVID-19

Frequently Asked Questions

Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.

 

Ans: COVID-19 has wreaked havoc on countries throughout North America and Europe. As a precaution, all construction and industrial activity has been halted. Several construction projects around the world have been paused, resulting in a decrease in demand for fire-resistant coatings. Furthermore, the paints and coatings industry has been grappling with supply chain disruptions, which is expected to result in raw material and other product price increases.

Ans: Key stakeholders considered in the study:
Raw material vendors
distributors/traders/wholesalers/suppliers
regulatory authorities, including government agencies and ngo
commercial research & development (r&d) institutions
importers and exporters
government organizations, research organizations, and consulting firms
trade/industrial associations
end-use industries are the stake holder of this report

Ans: Fire-resistant coating is also called as instrument paint. It's a fire-resisting material that uses a product to apply a coat to a specified surface to ensure that it has a suitable thickness of coverage to offer the required fire resistance.

Ans: Fire-resistant Coatings  Market Size was valued at USD 1.00 billion in 2021, and expected to reach USD 1.24  billion by 2028, and grow at a CAGR of 3.2  % over the forecast period 2022-2028.  

 

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

8.Fire-resistant Coatings  Market Segment,  By type

8.1 Intumescent

8.2 Cementitious

9.Fire-resistant Coatings  Market Segment, By technology

9.1 Water-borne

9.2 Solvent-borne

10.Fire-resistant Coatings  Market Segment,  By application technique

10.1 Spray

10.2 Brush & roller

11.Fire-resistant Coatings  Market Segment,  By application

11.1 Building & construction

11.2 Industrial    

11.3 Aerospace 

11.4 Others 

12.Fire-resistant Coatings  Market Segment,  By substrate

12.1 Metal

12.2 Wood

12.3 Others

13. Regional Analysis

13.1 Introduction

13.2 North America

13.2.1 USA

13.2.2 Canada

13.2.3 Mexico

13.3 Europe

13.3.1 Germany

13.3.2 UK

13.3.3 France

13.3.4 Italy

13.3.5 Spain

13.3.6 The Netherlands

13.3.7 Rest of Europe

13.4 Asia-Pacific

13.4.1 Japan

13.4.2 South Korea

13.4.3 China

13.4.4 India

13.4.5 Australia

13.4.6 Rest of Asia-Pacific

13.5 The Middle East & Africa

13.5.1 Israel

13.5.2 UAE

13.5.3 South Africa

13.5.4 Rest

13.6 Latin America

13.6.1 Brazil

13.6.2 Argentina

13.6.3 Rest of Latin America

14. Company Profile

14.1  Hempel

14.1.1 Financial

14.1.2 Products/ Services Offered

14.1.3 SWOT Analysis

14.1.4 The SNS view

14.2 Teknos

14.3 PPG

14.4 Jotun

14.5 AkzoNobel

14.6 RPM International

14.7 ETEX group

14.8 Kansai Paints

14.9 Sika

14.10 Sherwin Williams

15.Competitive Landscape

15.1 Competitive Benchmark

15.2 Market Share analysis

15.3 Recent Developments

16. 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.

Secondary Research

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.

Primary Research

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.

Data Bank Validation

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.

Start a Conversation

Hi! Click one of our member below to chat on Phone