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Fire-resistant Coatings Market

Stringent regulation related to fire safety is supporting the demand for fire-resistant coatings

The global fire-resistant coatings market is likely to showcase a growth of around 4% during the forecast period. Every year countries across the globe face severe losses due to fire-related cases as a result governments worldwide are implementing stringent regulations related to fire safety in order to reduce the fire-related cases

Globally, the demand for fire-resistant coatings is increasing owing to growing awareness and stringent fire safety regulations to reduce the losses that occur due to fire. These coatings are non-combustible applied in residential, commercial, and industrial buildings to stop the spread of a fire, slow the spread of a fire, reduce a fire’s intensity, and reduce the smoke a fire produces. Thus, prevent or reduce the amount of damage to the building and neighboring structures, and reduce the risk of structural collapse to give more time for emergency response. Therefore, as the governments across the countries are taking stringent regulations and norms related to fire safety for newly new construction activities, the demand of fire-resistant coatings would increase. Further, considering the growth opportunities, market players are focusing on developing new and innovative products that comply with stringent safety and fire protection standards.

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Based on substrate, the market is categorized into metal, wood, and others. Among these, metal accounted for the prominent share in the market and is likely to showcase considerable growth during the forecast period. The rising number of construction activities in developing nations like China and India would increase the demand for steel and other metals. As the construction industry is the largest consumer of steel, therefore with increasing residential, commercial, and industrial construction, the demand for fire-resistant coating would also grow

Based on application, the market is categorized into building & construction, industrial, aerospace, and others. Among these, building & construction held the prominent share in the market and is likely to showcase considerable growth during the forecast period. Rising construction activities due to growing urbanization coupled with improving per capita income in the developing economies are some of the major factors.

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For a better understanding of the market adoption of Fire-resistant Coatings, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Europe accounted for a significant share in the market and is expected to showcase substantial growth during the forecast period owing to the stringent regulations related to fire safety, initiatives taken for sustainable industrial development, and a strong focus on protection against fire. Further, increasing focus on green and smart buildings and high per-capita income coupled with awareness among consumers regarding fire-resistant coatings are propelling the demand in the region.

Global Fire-resistant Coatings Market Segmentation

Market Insight, by Type

  • Intumescent
  • Cementitious

Market Insight, by Technology

  • Water-borne
  • Solvent-borne
  • Others

Market Insight, by Substrate

  • Metal
  • Wood
  • Others

Market Insight, by Application

  • Building & Construction
  • Industrial
  • Aerospace
  • Others

Market Insight, by Region

  • North America Fire-resistant Coatings Market
    • United States
    • Canada
    • Rest of North America
  • Europe Fire-resistant Coatings Market
    • Germany
    • United Kingdom
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific Fire-resistant Coatings Market
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Rest of World Fire-resistant Coatings Market

Top Company Profiles

  • The Sherwin Williams Company
  • PPG Industries Inc.
  • Jotun A/S
  • AkzoNobel N.V.
  • Hempel A/S
  • RPM International Inc.
  • Sika AG
  • ETEX Group
  • Kansai Paint Co. Ltd.
  • Teknos Group Oy

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