The global fire-resistant coatings market size was estimated to be US$ 910 million in 2020 and is expected to reach US$ 1.35 billion by 2031 at a CAGR of 3.7%.
Fire resistant coatings are beneficial over their substitutes, as they are slenderer, show better fire security properties, and essentially decrease the general load of the designs and substrates, especially in delicate and complicated designs.
The slim covering configuration offers a slick appearance and surface adaptability just as a simplicity of use. These factors make it the favored application procedure for fire-resistant coatings to be utilized in the longer run. Exposure of the fireproof / intumescent coatings to brutal conditions changes their properties, bringing about the orange-strip impact, which is a significant issue identified with the utilization of these coatings.
Noteworthy aspects, namely, financial letup and effect of coronavirus on the development business, developing interest for fire-resistant coatings in remodel project undertakings, rising interest for water-based intumescent coatings, concerns identified with covering application and solidness, union, and extension of fire-resistant covering manufacturing units, are postulated to contribute to the hindrances observed in the marketplace during 2023-2032.
The development of the fire-resistant coatings market in this province is primarily credited to intense official laws, a modern drive for maintainable turn of events, and a solid accentuation on security against fire. The infra structure and real estate industry is assessed to represent the biggest share of the fire-resistant coatings market during 2019, firmly followed by the industrial segment as far as worth is considered.
Besides, the act of developing green structures and receiving green coatings offers numerous chances for the modification of the market in the province. The new principles for green and keen structures and developing spotlight on acquiring green certificate. Europe represented the biggest share of the worldwide fire-resistant coatings market during 2020.
Global Fire-resistant Coatings Market Value Share Analysis, by Geography (2022)
The report titled “Global Fire-resistant Coatings Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”, wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the Global Fire-resistant Coatings Market.
Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global Fire-resistant Coatings market is segmented on the type, application, and region. Based on type, the Fire-resistant Coatings market is segmented into Spray, Brush, Roller, others. Based on application, the Fire-resistant Coatings market is segmented into Building & Construction, Industrial, Chemical Industry, Machinery Manufacturing Industry, others.
Based on geography, the Global Fire-resistant Coatings Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada, and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Italy, France, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Australia, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, UAE, South Africa, and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on Global Fire-resistant Coatings Market. Further, market share of prominent companies in the Global Fire-resistant Coatings Market would also be estimated.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the Fire-resistant Coatings companies. The Global Fire-resistant Coatings Market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution.
Product portfolio would focus on all the products under the Fire-resistant Coatings business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the Global Fire-resistant Coatings Market.
The key players of the Global Fire-resistant Coatings Market are: AkzoNobel, PPG, Hempel, BASF, Sherwin-Williams, Contego, Albi Manufacturing, 3M, Altex Coatings, and others.
Global Fire-resistant Coatings Market Key Segments:
Based on Type
Based on Application
The global Fire-resistant Coatings market was worth US$ 910 million in 2020.
The global Fire-resistant Coatings market is expected to register a CAGR of 3.7% between 2022 and 2032.
Key Fire-resistant Coatings market players are AkzoNobel, PPG, Hempel, BASF, Sherwin-Williams, Contego, Albi Manufacturing, 3M, Altex Coatings and others.
Based on applications, the Fire-resistant Coatings market is segmented into Building & Construction, Industrial, Chemical Industry and Machinery Manufacturing Industry.
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