About Fire Protection Coatings
Fire protection coatings are passive means of fire protection. Traditional fireproofing coatings include cementitious coatings, magnesium oxychloride cement, vermiculite, gypsum, and other minerals. They are used on various materials to protect it from catching fire. Fire protection coatings can do multiple things like increase heat resistance, decrease the spread of flames, etc. Fire protection coatings can act by several methods like they can chemically interfere with the free radical reactions taking place during a fire, they can also act to lower the temperature lastly, they can keep oxygen from going to the flammable substance. With the rise of the steel industry, the demand for fire protective coating is also increasing.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
DuPont de Nemours, Inc., (United States), BASF SE (Germany), Hilti Group (Liechtenstein), 3M (United States), Akzo Nobel NV (Netherlands), Asian Paints Limited (India), Jotun (Norway), Sika AG (Switzerland), Rolf Kuhn GmbH (Germany), Specified Technologies Inc. (United States), ETEX (Belgium), Morgan Advanced Materials (United Kingdom), Sherwin-Williams Protective & Marine Coatings (United Kingdom) and Finnester Coatings (Finland) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Fire Protection Coatings market by Type (Spray fire-resistive materials (SFRMs), Thin-film intumescent coatings and Fire-retardant paints), Application (Residential, Industrial and Commercial) and Region.
On the basis of geography, the market of Fire Protection Coatings has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Verticals, the sub-segment i.e. Construction and Infrastructure will boost the Fire Protection Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Hydrocarbon Intumescent Coatings will boost the Fire Protection Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Use of Cementitious Coatings in Interior Spaces and Surging Demand For Fire Protective Paintings in Buildings
Market Growth Drivers:
The rise in Commercial Construction Around the World and Rising Application of Fire Protection Coatings Across Industries
Challenges:
UV Rays and Humidity can Affect the Performance of Fire Protection Coatings
Restraints:
Performance of Raw Material Used in the Production of Fire Protective Coatings Might be Problematic
Opportunities:
Increasing Demand for Fire Protective Coatings from Developing Economies and Growth in Retail Industry Contributing Towards The Demand Of Fire Protection Coatings
Market Leaders and their expansionary development strategies
In March 2018, Sherwin-Williams Protective & Marine Coatings a UK-based company acquired Phoenix Fire Protection Group. Phoenix Fire Protection Group has more than 15 years of experience in designing, testing, manufacturing fire protective coatings used for structural steelwork. Sherwin-Williams hopes that this acquisition will expand its skills and services.
In Jan 2021, Finnester Coatings, a Finland-based coatings company reported that it has built an in-house fire lab and test facility which will be used to confirm the performance of its products. Finnester Coatings will now be able to test and monitor burning properties. Finnester Coatings said the combination of coatings, composites, and fire testing technical expertise all in one house is a unique service for the composites market.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Fire Protective Coatings Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.