Report Scope & Overview:
Fireproofing Materials Market Size was valued at USD 1.04 billion in 2022, and is expected to reach USD 1.75 billion by 2030, and grow at a CAGR of 6.7% over the forecast period 2023-2030.
Fireproofing makes materials and buildings resistant to fire, so that if a fire starts by accident, the most important buildings can keep running until the fire is put out. Fireproofing means using products that keep a fire from getting worse.
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Fireproofing materials are used in places where fires are likely to start, like refineries, petrochemical plants, power plants, process terminals, construction sites, and many others.
Different kinds of fireproofing materials include sealants and fillers, mortar, sheets and boards, sprays, preformed devices, putty, and cast-in devices.
Market Dynamics:
Drivers:
Adding more rules about fire safety
Building and construction companies are choosing lighter materials more and more.
There are more and more fires.
Green certifications are becoming more important, and there are new rules for green and smart buildings.
Restraints:
The effect of COVID-19 on the construction industry and the slowing of the economy
Concerns about the environment and health are growing because traditional chemicals are used in fireproofing materials.
Emerging Regions' Price Sensitivity
Opportunity:
Creating synergist compounds that work better
In construction projects, there is a growing need for developed intumescent fireproof and water-based coatings.
Challenge:
In the Emerging Markets, people aren't aware of the rules and don't follow them.
Questions about how to apply the coating and how long it will last
Impact of Covid-19:
Almost every part of the world has been affected by the pandemic. The market for fireproofing materials has grown slowly because of problems in the global supply chain and changes in the prices of raw materials. This problem came about because the construction industry had less work to do. The commercial, industrial, and residential industries are very important to the market. In terms of value, the fireproofing materials market is worth the most in North America.
North America has always been a big market for materials that protect against fire. North America has been one of the world's leaders when it comes to demand and product innovation, both in terms of quality and new uses. The US, Canada, and Mexico are all important countries in the North American market. The US is the largest market and has a large share of the regional market. The construction industry's need for more advanced materials is driving a lot of growth in the market for fireproofing materials. There are a lot of rules about how fireproofing materials can be used and sold on the North American market, which is dominated by several associations.
The strict rules in this region have a big effect on the market for fireproofing materials. Different groups like the FPA, NFPA, and CFPA are keeping an eye on the building codes in the area. These rules are followed by the builders and contractors. North America is also very industrialised, which is a big part of why this market is growing. A big part of this market is the growth of commercial and industrial infrastructure.
Market Segmentation:
By coating type
Intumescent coatings
Thin film
Thick film
Cementitious coatings
Cement-based
Gypsum based
By end-use
Commercial
Industrial
Onshore
Offshore
Residential
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Regional Analysis:
In the coming years, Asia-Pacific is likely to be the largest regional market. Over the next few years, the regional market is likely to be driven by the rapid growth of populations in countries like China and India, as well as the rise of industrial activities due to government initiatives. Also, projects like CPEC (China Pakistan Economic Corridor) and OBOR (One Belt One Road) in China and the Bharat Mala project in India are expected to boost construction in the region. This is expected to drive the market.
Middle East and Africa is the market that is growing the second fastest. Countries like Saudi Arabia and the United Arab Emirates are trying to change their economies from being based on oil to being based on business and tourism. This is likely to be good for the market. The regional market is also expected to be driven by the growing number of skyscrapers being built in these countries.
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:
The Key Players are PPG Industries, Inc, Akzo Nobel, Carboline, 3M, Rpm International Inc., Iris Coatings S.r.l, Etex Group, BASF SE, No-Burn Inc., Sika AG, Sherwin-Williams Company, Knauf Insulation GmbH, Ugam Chemicals, Den Braven & Other Players
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 1.04 Billion |
| Market Size by 2030 | US$ 1.75 Billion |
| CAGR | CAGR of 6.7% 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 coating type (Intumescent coatings, Thin film, Thick film, Cementitious coatings, Cement-based, Gypsum based) • By end-use (Commercial, Industrial, Onshore, Offshore, Residential) |
| 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 | PPG Industries, Inc, Akzo Nobel, Carboline, 3M, Rpm International Inc., Iris Coatings S.r.l, Etex Group, BASF SE, No-Burn Inc., Sika AG, The Sherwin-Williams Company, Knauf Insulation GmbH, Ugam Chemicals, Den Braven |
| DRIVERS | • Adding more rules about fire safety • Building and construction companies are choosing lighter materials more and more. • There are more and more fires. |
| Restraints | • The effect of COVID-19 on the construction industry and the slowing of the economy • Concerns about the environment and health are growing because traditional chemicals are used in fireproofing materials. • Emerging Regions' Price Sensitivity |
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: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: PPG Industries, Inc, Akzo Nobel, Carboline, 3M, Rpm International Inc., Iris Coatings S.r.l, Etex Group, BASF SE, No-Burn Inc., Sika AG, The Sherwin-Williams Company, Knauf Insulation GmbH, Ugam Chemicals, Den Braven, and other players.
Ans: In the Emerging Markets, people aren't aware of the rules and don and Questions about how to apply the coating and how long it will last are the challenges faced by the Fireproofing Materials Market.
Ans: Fireproofing Materials Market Size was valued at USD 1.04 billion in 2022, and is expected to reach USD 1.75 billion by 2030, and grow at a CAGR of 6.7 % over the forecast period 2023-2030.
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.Fireproofing Materials Market Segment, By coating type
8.1 Intumescent coatings
8.2 Thin film
8.3 Thick film
8.4 Cementitious coatings
8.5 Cement-based
8.6 Gypsum based
9.Fireproofing Materials Market Segment, By end-use
9.1 Commercial
9.2 Industrial
9.3 Onshore
9.4 Offshore
9.5 Residential
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 USA
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4 Asia-Pacific
10.4.1 Japan
10.4.2 South Korea
10.4.3 China
10.4.4 India
10.4.5 Australia
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.1 Israel
10.5.2 UAE
10.5.3 South Africa
10.5.4 Rest
10.6 Latin America
10.6.1 Brazil
10.6.2 Argentina
10.6.3 Rest of Latin America
11. Company Profile
11.1 PPG Industries, Inc
11.1.1 Financial
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 Akzo Nobel
11.3 Carboline
11.4 3M
11.5 Rpm International Inc.
11.6 Iris Coatings S.r.l
11.7 Etex Group
11.8 BASF SE
11.9 No-Burn Inc.
11.10 Sika AG
11.11 The Sherwin-Williams Company
11.12 Knauf Insulation GmbH
11.13 Ugam Chemicals
11.14 Den Braven
12.Competitive Landscape
12.1 Competitive Benchmark
12.2 Market Share Analysis
12.3 Recent Developments
13. Conclusion
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