Global Passive Fire Protection Coatings Market by Product (Cementations Materials, In tumescent Coating, Fireproofing Cladding, Others), By Application (Oil & Gas, Construction, Industrial, Warehousing and Others), Global Analysis to 2023
Published Date: July - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Food and Beverage | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationGlobal Passive Fire Protection Coatings Market by Product (Cementations Materials, In tumescent Coating, Fireproofing Cladding, Others), By Application (Oil & Gas, Construction, Industrial, Warehousing and Others), Global Analysis to 2023
Passive Fire Protection Coatings Market Size And Forecast
According to the new report titled "Global Passive Fire Protection Coatings Market by Product (Cementations Materials, In tumescent Coating, Fireproofing Cladding, Others), By Application (Oil & Gas, Construction, Industrial, Warehousing and Others), Global Analysis to 2023"
The valuation of the Passive Fire Protection Coatings Market was $4.2 Billion in 2023 and is projected to reach $6.6 Billion by 2032, at a CAGR of 5.4% from 2021 to 2032.
Hey there! I've got some fascinating insights into the global passive fire protection coatings market. It's a booming industry, valued at a whopping $4.2 billion in 2023, with experts predicting it'll grow by a steady 5.4% every year for the next few years. Why's this market so hot, you ask? Well, these coatings are like superheroes in the world of fire safety! They guard buildings and materials like steel, concrete, and more by slowing down the flames and keeping the heat under control in case of a fire. Governments are getting serious about fire safety, passing strict rules, and businesses are catching on too. They know the importance of keeping their people and property safe in the event of a fire. So, they're investing in these coatings to meet those regulations and avoid costly disasters. And it's not just about regulations. People are becoming more aware of the devastating effects of fire, so they're demanding safer buildings and products. These coatings are constantly being improved upon, becoming more effective and eco-friendly. That's why the global passive fire protection coatings market is on a steady rise, with no signs of slowing down.
Nanotechnology and advancement in application held the primary share in the Passive Fire Protection Coatings Market
Technology plays a pivotal role in shaping the landscape of the global passive fire protection coatings market, contributing to the development of advanced and effective solutions for fire safety. Innovations in formulation technologies have led to the creation of in tumescent coatings that expand when exposed to high temperatures, forming a protective char layer that insulates against heat and prevents the spread of fire. Nanotechnology has been leveraged to enhance the durability and performance of these coatings. Additionally, advancements in application methods, such as spray and thin-film coatings, have improved efficiency and coverage, ensuring comprehensive protection. The integration of smart technologies for real-time monitoring of coating performance further enhances the market's capabilities.
North America headed the Passive Fire Protection Coatings Market in 2022
Fire safety is a top priority in North America, driving a boom in the market for fire protection coatings. The construction, oil and gas, and manufacturing industries are all playing a role in this surge, as they look for ways to keep their buildings and equipment safe from fire. Fire protection coatings are designed to provide a barrier between flames and the materials they're protecting. They work by forming a thick, insulating layer that prevents heat from transferring through. This gives people more time to escape and firefighters more time to put out the flames. New technologies are constantly being developed to improve the performance of fire protection coatings. For example, tumescent coatings expand when exposed to heat, creating a even thicker barrier that can withstand even higher levels of fire. In addition to protecting lives and property, fire protection coatings can also help businesses save money. By preventing fires, they can reduce the risk of downtime, lost productivity, and insurance claims. Some of the leading companies in the fire protection coatings market include Promat International, Carboline, Hempel A/S, and PPG Industries. These companies are constantly innovating to develop new and improved products that meet the needs of the market.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD |
2017-2028 |
| BASE YEAR |
2020 |
| FORECAST PERIOD |
2021-2028 |
| HISTORICAL PERIOD |
2017-2019 |
| UNIT |
Value (USD Billion) |
| KEY COMPANIES PROFILED |
Promat International, Carboline, Hempel A/S, KANSAI PAINT, Nullifire, Akzo Nobel, PPG Industries, The Sherwin-Williams Company, Teknos Group, and Jotun |
| SEGMENTS COVERED |
By Type, By Technology, By Industry, And By Geography |
| CUSTOMIZATION SCOPE |
Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Players
- Promat International
- Carboline
- Hempel A/S
- KANSAI PAINT
- Nullifire
- Akzo Nobel
- PPG Industries
- The Sherwin-Williams Company
- Teknos Group
- and Jotun.
Global Passive Fire Protection Coatings Market Segmentation Analysis
The Global Passive Fire Protection Coatings Market is segmented on the basis of Type, Technology, Industry, And Geography.
Passive Fire Protection Coatings Market, By Type
• Intumescent
• Cementitious
Based on Type, The market is classified into Intumescent and Cementitious. Intumescent coatings are the largest type segment of the Passive Fire Protection Coatings Market, in terms of value. Intumescent coatings require lower maintenance, improve durability, provide longer shelf-life, and also help the corrosion protection of steel structures in buildings.
Passive Fire Protection Coatings Market, By Technology
• Water-based
• Solvent-based
Based on Technology, The market is classified into Water-based and Solvent-based. Water-based technology is the largest technology segment of the Passive Fire Protection Coatings Market, in terms of both, value and volume.
Passive Fire Protection Coatings Market, By Industry
• Building & Construction
• Oil & Gas
• Transportation
• Others
Based on Industry, The market is classified into Building & Construction, Oil & Gas, Transportation, and Others. The building & construction segment is expected to be the largest and is also projected to be the fastest-growing segment during the forecast period. The market for passive fire protection coatings in the building & construction industry is growing rapidly due to the implementation of stringent regulations and increasing awareness regarding the safety and security of people and assets.
Passive Fire Protection Coatings Market, By Geography
• North America
• Europe
• Asia Pacific
• Rest of the world
On the basis of Geography, The Global Passive Fire Protection Coatings Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia-growing holds a significant market share attributed to increased demand for fire protection coatings in different industries, such as building, construction, and transportation. Market participants are considering relocating their production bases from North America and Europe to Asia-Pacific because of China’s less stringent rules and requirements for safety and environmental compliance.
Reasons to Purchase this Report
In-Depth Market Analysis for Informed Decision-Making We've delved into the market, considering both financial and non-financial factors, to paint a comprehensive picture. We've analyzed each segment and sub-segment, providing valuable market size estimates in dollars. Identifying Growth Powerhouses and Key Regions We've pinpointed the most promising segments and regions poised for rapid expansion and market dominance. Our geographic analysis reveals regional consumption patterns, highlighting factors influencing market dynamics in each area. Competitive LandscapeWho's Who and What's New We've mapped the competitive landscape, ranking key players. We've tracked their recent moves, including product launches, partnerships, and acquisitions. Company ProfilesUnveiling Market Titans We've profiled major companies, providing insights into their operations, products, and competitive strengths and weaknesses. Market OutlookThe Future Unfolded We've explored the industry's trajectory, identifying growth drivers, opportunities, challenges, and restraints. Porter's Five Forces analysis provides a multi-dimensional view of the market landscape. Value ChainUnlocking Market Value We've analyzed the industry's value chain, revealing how activities contribute to overall market value. Market Dynamics and Future Prospects We've identified growth opportunities and market dynamics, forecasting the industry's future prospects. Exceptional Post-Sales Support For six months after your purchase, our analysts are on standby to provide personalized support, ensuring you stay up-to-date with market trends.
Table of Content
1 INTRODUCTION OF GLOBAL PASSIVE FIRE PROTECTION COATINGS MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL PASSIVE FIRE PROTECTION COATINGS MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
5 GLOBAL PASSIVE FIRE PROTECTION COATINGS MARKET, BY TYPE
5.1 Overview
5.2 Intumescent
5.3 Cementitious
6 GLOBAL PASSIVE FIRE PROTECTION COATINGS MARKET, BY TECHNOLOGY
6.1 Overview
6.2 Water-based
6.3 Solvent-based
7 GLOBAL PASSIVE FIRE PROTECTION COATINGS MARKET, BY INDUSTRY
7.1 Overview
7.2 Building & Construction
7.3 Oil & Gas
7.4 Transportation
7.5 Others
8 GLOBAL PASSIVE FIRE PROTECTION COATINGS MARKET, BY GEOGRAPHY
8.1 Overview
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Rest of the World
8.5.1 Latin America
8.5.2 Middle East and Africa
9 GLOBAL PASSIVE FIRE PROTECTION COATINGS MARKET COMPETITIVE LANDSCAPE
9.1 Overview
9.2 Company Market Ranking
9.3 Key Development Strategies
10 COMPANY PROFILES
10.1 Promat International
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments
10.2 Carboline
10.2.1 Overview
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments
10.3 Hempel A/S
10.3.1 Overview
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments
10.4 KANSAI PAINT
10.4.1 Overview
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments
10.5 Nullifire
10.5.1 Overview
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments
10.6 Akzo Nobel
10.6.1 Overview
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Developments
10.7 PPG Industries
10.7.1 Overview
10.7.2 Financial Performance
10.7.3 Product Outlook
10.7.4 Key Developments
10.8 The Sherwin-Williams Company
10.8.1 Overview
10.8.2 Financial Performance
10.8.3 Product Outlook
10.8.4 Key Developments
10.9 Teknos Group
10.9.1 Overview
10.9.2 Financial Performance
10.9.3 Product Outlook
10.9.4 Key Developments
10.10 Jotun
10.10.1 Overview
10.10.2 Financial Performance
10.10.3 Product Outlook
10.10.4 Key Developments
11 APPENDIX
11.1 Related Research
Key Players
- Promat International
- Carboline
- Hempel A/S
- KANSAI PAINT
- Nullifire
- Akzo Nobel
- PPG Industries
- The Sherwin-Williams Company
- Teknos Group
- and Jotun.
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