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By 2030, the global market for fire-resistant coatings is projected to be worth $4.9 billion, growing at a CAGR of 6.5% between 2022 and 2030.
Fire-resistant coatings, also known as heat-resistant coatings, are applied to surfaces in order to increase their resistance to flames and other sources of heat. Firefighters and evacuees will have more time to escape if a fire is contained by one of these coatings. Fire-resistant coatings are widely used in the construction, manufacturing, and transportation sectors to increase fire safety. Fire-resistant coatings might vary in their exact composition based on their intended use and the level of fire protection required. However, they frequently incorporate flame-retardant chemicals with binders, fillers, additives, and the like. Coatings that prevent the spread of fire can be applied to many different materials, such as structural steel, wood, concrete, textiles, and electrical wires. Coatings can be applied by spraying, brushing, or rolling, and the needed thickness and number of layers are determined by the coating system and the fire rating standards.
The Effect of COVID 19 on the International Market for Fire-Resistant Coatings
The spread of COVID-19 has had far-reaching effects on the fireproof coatings market. Because to lockouts, supply chain issues, and a lack of available workers, the construction industry, a major user of fire resistant coatings, was disrupted. There was less need for fireproof paint because construction slowed or stopped in many locations. Fire prevention was a top priority during the pandemic. It's possible that, in an effort to ensure the safety and well-being of their employees and customers, businesses and organisations have prioritised fire prevention measures like the installation of fire-resistant coatings. As the global economy improves and construction activity recovers, there may be more demand for fire-resistant coatings. Investments in new infrastructure, renovated buildings, and fire safety upgrades may all affect the future need for these coatings.
Market-Driving Factors
In recent years, fire resistant coatings have flourished in response to increased fire safety awareness and the need for enhanced fire protection across a wide range of industries. Governments and regulatory bodies have enacted stringent building regulations and fire safety requirements, which necessitate the usage of fire resistant materials in certain settings. As a result, the building industry has seen a rise in the need for fireproof coatings. The construction sector has been growing worldwide, especially in developing nations. There is a growing need for fire protection methods, such as fire resistant coatings, to ensure the security of buildings and their people. In addition, the requirement for fire protection systems has increased as industries like manufacturing, petrochemicals, and oil and gas have expanded. Coatings that can withstand high temperatures are crucial for the safety of equipment, structures, and assets in these fields. The importance of fire safety in all types of buildings has led to a rise in the use of fire resistant coatings. Increased investments in fire protection measures are being made by both businesses and individuals to lower the probability of fire and the associated costs.
Important Problems in the Market
Fire resistant coatings may be more expensive than standard coatings because of their specialised makeup and added fire safety characteristics. Because of their higher cost, fire-resistant coatings aren't always extensively used, especially in firms that are price-conscious. The importance and benefits of fire-resistant coatings must be widely known. It's possible that some consumers will not fully understand the need of fire-resistant coatings in protecting against potential fire hazards. Educating customers on the value of fireproof coatings and the importance of fire prevention is a never-ending battle.Furthermore, the market for fire resistant coatings is very fragmented because of the large variety of materials and formulations offered by different vendors. End users may have a hard time navigating the market and selecting a reliable fire resistant coating that meets their specific needs because of the market's fragmentation.
The global market for fire-resistant coatings is divided into four distinct submarkets based on the resins used in their production: acrylic, epoxy, silicone, and others. Epoxy is expected to maintain its position as the market leader in this group. Fire safety regulations have become more stringent in several sectors as a result of government and regulatory initiatives. Construction projects, industrial buildings, and transportation infrastructure are often required by these regulations to utilise fire-resistant materials, such as coatings. The necessity to follow these regulations has increased demand for epoxy fire resistant coatings. It is becoming more and more apparent how crucial fire prevention is in protecting lives, assets, and infrastructure. The use of fire-resistant coatings is one example of the increased investment in fire safety that businesses and individuals are making. As the importance of fire safety has risen, so has the demand for epoxy fire resistant coatings.
The global market for fire-resistant coatings is broken down into four distinct submarkets: water-based, solvent-based, ultraviolet-curable, and others. The market for water-based coatings is expected to grow at a faster rate than any other type. Water-based coatings are typically easier to work with and apply than their solvent-based counterparts. Fewer fire and health hazards are present during application, and tools and equipment can be cleaned with water. Therefore, in situations where application ease and safety are paramount, water-based fire-resistant coatings are the preferred solution.
Report Coverage
Global Fire-resistant Coatings research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Fire-resistant Coatings report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Fire-resistant Coatings competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Fire-resistant Coatings market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Fire-resistant Coatings market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Fire-resistant Coatings market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
3M, Hempel A/S, The Sherwin-Williams Company, Hilti Group, AkzoNobel N.V, PPG, Kansai Paint Co.,Ltd, Jotun, Etex Group, GCP Applied Technologies Inc, Sharpfibre Limited, svt Holding GmbH, Rudolf Hensel Gmbh, Isolatek International Corporation, Contego International Inc., Isolatek International, envirograf passive fire products, no-burn inc., TEKNOS GROUP, CARBOLINE, Vijay Systems Engineers Pvt Ltd.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Fire-resistant Coatings market based on the below-mentioned segments:
Global Fire-resistant Coatings Market, By Type
Acrylic
Epoxy
Silicone
Others
Global Fire-resistant Coatings market, By Application
Cable Wire
Gas Pipeline
Car and Truck Seating
Car Body Frame
Walls
Ceiling
Others
Global Fire-resistant Coatings Market, By End User
Building and Construction
Power
Automotive
Ship Building
Aerospace
Oil and Gas
Others
Global Fire-resistant Coatings market, Regional Analysis
Fire-resistant coatings, also known as heat-resistant coatings, are applied to surfaces in order to increase their resistance to flames and other sources of heat. Firefighters and evacuees will have more time to escape if a fire is contained by one of these coatings. Fire-resistant coatings are widely used in the construction, manufacturing, and transportation sectors to increase fire safety. Fire-resistant coatings might vary in their exact composition based on their intended use and the level of fire protection required. However, they frequently incorporate flame-retardant chemicals with binders, fillers, additives, and the like. Coatings that prevent the spread of fire can be applied to many different materials, such as structural steel, wood, concrete, textiles, and electrical wires. Coatings can be applied by spraying, brushing, or rolling, and the needed thickness and number of layers are determined by the coating system and the fire rating standards.
The Effect of COVID 19 on the International Market for Fire-Resistant Coatings
The spread of COVID-19 has had far-reaching effects on the fireproof coatings market. Because to lockouts, supply chain issues, and a lack of available workers, the construction industry, a major user of fire resistant coatings, was disrupted. There was less need for fireproof paint because construction slowed or stopped in many locations. Fire prevention was a top priority during the pandemic. It's possible that, in an effort to ensure the safety and well-being of their employees and customers, businesses and organisations have prioritised fire prevention measures like the installation of fire-resistant coatings. As the global economy improves and construction activity recovers, there may be more demand for fire-resistant coatings. Investments in new infrastructure, renovated buildings, and fire safety upgrades may all affect the future need for these coatings.
Market-Driving Factors
In recent years, fire resistant coatings have flourished in response to increased fire safety awareness and the need for enhanced fire protection across a wide range of industries. Governments and regulatory bodies have enacted stringent building regulations and fire safety requirements, which necessitate the usage of fire resistant materials in certain settings. As a result, the building industry has seen a rise in the need for fireproof coatings. The construction sector has been growing worldwide, especially in developing nations. There is a growing need for fire protection methods, such as fire resistant coatings, to ensure the security of buildings and their people. In addition, the requirement for fire protection systems has increased as industries like manufacturing, petrochemicals, and oil and gas have expanded. Coatings that can withstand high temperatures are crucial for the safety of equipment, structures, and assets in these fields. The importance of fire safety in all types of buildings has led to a rise in the use of fire resistant coatings. Increased investments in fire protection measures are being made by both businesses and individuals to lower the probability of fire and the associated costs.
Important Problems in the Market
Fire resistant coatings may be more expensive than standard coatings because of their specialised makeup and added fire safety characteristics. Because of their higher cost, fire-resistant coatings aren't always extensively used, especially in firms that are price-conscious. The importance and benefits of fire-resistant coatings must be widely known. It's possible that some consumers will not fully understand the need of fire-resistant coatings in protecting against potential fire hazards. Educating customers on the value of fireproof coatings and the importance of fire prevention is a never-ending battle.Furthermore, the market for fire resistant coatings is very fragmented because of the large variety of materials and formulations offered by different vendors. End users may have a hard time navigating the market and selecting a reliable fire resistant coating that meets their specific needs because of the market's fragmentation.
The global market for fire-resistant coatings is divided into four distinct submarkets based on the resins used in their production: acrylic, epoxy, silicone, and others. Epoxy is expected to maintain its position as the market leader in this group. Fire safety regulations have become more stringent in several sectors as a result of government and regulatory initiatives. Construction projects, industrial buildings, and transportation infrastructure are often required by these regulations to utilise fire-resistant materials, such as coatings. The necessity to follow these regulations has increased demand for epoxy fire resistant coatings. It is becoming more and more apparent how crucial fire prevention is in protecting lives, assets, and infrastructure. The use of fire-resistant coatings is one example of the increased investment in fire safety that businesses and individuals are making. As the importance of fire safety has risen, so has the demand for epoxy fire resistant coatings.
The global market for fire-resistant coatings is broken down into four distinct submarkets: water-based, solvent-based, ultraviolet-curable, and others. The market for water-based coatings is expected to grow at a faster rate than any other type. Water-based coatings are typically easier to work with and apply than their solvent-based counterparts. Fewer fire and health hazards are present during application, and tools and equipment can be cleaned with water. Therefore, in situations where application ease and safety are paramount, water-based fire-resistant coatings are the preferred solution.
Report Coverage
Global Fire-resistant Coatings research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Fire-resistant Coatings report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Fire-resistant Coatings competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Fire-resistant Coatings market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | 3M, Hempel A/S, The Sherwin-Williams Company, Hilti Group, AkzoNobel N.V, PPG, Kansai Paint Co.,Ltd, Jotun, Etex Group, GCP Applied Technologies Inc, Sharpfibre Limited, svt Holding GmbH, Rudolf Hensel Gmbh, Isolatek International Corporation, Contego International Inc., Isolatek International, envirograf passive fire products, no-burn inc., TEKNOS GROUP, CARBOLINE, Vijay Systems Engineers Pvt Ltd. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Fire-resistant Coatings Market from 2021 to 2030.
- Market Forecast for Fire-resistant Coatings Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Fire-resistant Coatings competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Fire-resistant Coatings
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Fire-resistant Coatings market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Fire-resistant Coatings market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
3M, Hempel A/S, The Sherwin-Williams Company, Hilti Group, AkzoNobel N.V, PPG, Kansai Paint Co.,Ltd, Jotun, Etex Group, GCP Applied Technologies Inc, Sharpfibre Limited, svt Holding GmbH, Rudolf Hensel Gmbh, Isolatek International Corporation, Contego International Inc., Isolatek International, envirograf passive fire products, no-burn inc., TEKNOS GROUP, CARBOLINE, Vijay Systems Engineers Pvt Ltd.
Primary Target Market
- Market Players of Fire-resistant Coatings
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Fire-resistant Coatings market based on the below-mentioned segments:
Global Fire-resistant Coatings Market, By Type
Acrylic
Epoxy
Silicone
Others
Global Fire-resistant Coatings market, By Application
Cable Wire
Gas Pipeline
Car and Truck Seating
Car Body Frame
Walls
Ceiling
Others
Global Fire-resistant Coatings Market, By End User
Building and Construction
Power
Automotive
Ship Building
Aerospace
Oil and Gas
Others
Global Fire-resistant Coatings market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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