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Fire-resistant Coatings Market

Fire-resistant Coatings Market Size and Segment 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), and by Regions | Global Market Forecast 2022-2028

Report Id: SNS/C&M/1700 | June 2022 | Region: Global | 125 Pages

Report Score & Overview:

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.  

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 Graph

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.

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.

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 Segment Pie Chart

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

Fire-resistant Coatings Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 1.00 Billion
Market Size by 2028 US$ 1.24 Billion
CAGR CAGR of 3.2% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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 (FAQ) :

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

 

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

 

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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

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