Report Score & Overview:
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.
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
The Construction Industry's Impact on the Economic Slowdown and COVID-19
In renovation projects, there is a growing demand for fire-resistant coatings.
The demand for water-based intumescent coatings is increasing.
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.
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.
By Application Technique
Brush & roller
Building & construction
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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|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|
|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|
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
regulatory authorities, including government agencies and ngo
commercial research & development (r&d) institutions
importers and exporters
government organizations, research organizations, and consulting firms
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
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
126.96.36.199 United Kingdom
188.8.131.52 South Korea
184.108.40.206 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
9.Fire-resistant Coatings Market Segment, By technology
10.Fire-resistant Coatings Market Segment, By application technique
10.2 Brush & roller
11.Fire-resistant Coatings Market Segment, By application
11.1 Building & construction
12.Fire-resistant Coatings Market Segment, By substrate
13. Regional Analysis
13.2 North America
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4.2 South Korea
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.3 South Africa
13.6 Latin America
13.6.3 Rest of Latin America
14. Company Profile
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.6 RPM International
14.7 ETEX group
14.8 Kansai Paints
14.10 Sherwin Williams
15.1 Competitive Benchmark
15.2 Market Share analysis
15.3 Recent Developments
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