Fire Resistant Coatings Market
Fire Resistant Coatings Market Size, Share & Trends Analysis Report, By Technology (Solvent-Borne Fire Resistant Coatings and Water-Borne Fire Resistant Coatings), By Coating Type (Intumescent Fire Resistant Coatings and Cementitious Fire Resistant Coatings), By Resin Type (Silicon, Epoxy, Acrylic, Vinyl, and Others), By End-User (Building & Construction, Power, Transportation, Oil & Gas, and Others), Forecast Period 2022-2028
Fire resistant coatings market is anticipated to grow at a CAGR of 4.5% during the forecast period. The rising demand for fire resistant coating from end-user industries is a key factor driving the growth of the market. The existence of stringent government norms for fire safety in residential and commercial buildings is further contributing to the growing demand for the fire resistant coatings market.
In the US, Underwriters Laboratories (UL) is a recognized authority that evaluates and approves sprayed fire resistive materials (SFRMs) for a certain fire rating. Considering the growth opportunities, market players are focusing on developing new and innovative products that comply with stringent safety and fire protection standards. The high cost of fire resistant coatings and the availability of low-cost alternatives may restrain the growth of the global fire resistant coatings market.
Impact of COVID-19 Pandemic on Global Fire Resistant Coatings Market
The COVID-19 pandemic has made a negative impact on the growth of the fire resistant coatings market. The decline is caused mainly due to delays in construction activity and supply chain disruptions, as major countries imposed lockdown, social distancing measures for workers, and financial challenges. Moreover, the halt of major oil & gas production projects due to raw material shortage has further declined the market demand.
Segmental Outlook
The global fire resistant coatings market is segmented by technology, coating type, resin type and end-user industry. The market segmentation based on the technology includes water-borne and solvent-borne. Based on technology, the water borne segment is anticipated to exhibit considerable growth. The rising demand for green and sustainable products in industries is a key factor driving the growth of this market segment. Based on coating type, the market is segmented into intumescent fire resistant coatings and cementitious fire resistant coatings. Based on resin type, the market is segmented into silicon, epoxy, acrylic, vinyl, and others. Based on the end-user industry, the market is segmented into building & construction, power, transportation, oil & gas, and others.
Building & Construction Segment Held Considerable Share in the Global Fire Resistant Coatings Market
Based on end-user industry, the market is segmented into building & construction, power, transportation, oil & gas, and others. Fire resistant coatings protect structural steel in buildings and other structures by serving as an insulative layer in the event of a fire. With the burgeoning building & construction industry, the demand for fire resistant coating to meet government norms for fire safety has significantly increased; which in turn drives the growth of this segment.
Regional Outlooks
The global fire resistant coatings market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa and Latin America). The market can be analyzed for a particular region or country level as per the requirement. North America is contributing significantly to the growth of the fire resistant coatings market. The construction industry in the US is a key contributor to the high share of the regional market. Some of the most expensive construction projects in the US, that are currently underway include Hudson’s Development, Detroit ($1 billion), One Vanderbilt, New York ($3.14 billion), DHS border wall long-term strategy ($15 billion), and phase 3 of the second avenue subway project – MTA – New York city transit ($14.2 billion) among others. The significant growth in the shale gas exploration projects is further contributing to the regional market growth.
Global Fire Resistant Coatings Market Growth, by Region 2022-2028
Asia-Pacific to Exhibit Significant Growth in the Global Fire Resistant Coatings Market
Asia-Pacific is anticipated to exhibit significant in the market during the forecast period. The significant growth in the oil & gas exploration projects along with construction projects in the emerging economies of the region is a key factor to drive the regional market growth. For instance, in June 2022, The Great Eastern Energy Corporation Ltd., a pioneer in the field of coal bed methane in India, plans to invest about $2 billion in the exploration of shale gas at its Raniganj South block in West Bengal. Apart from this, the Chinese construction industry is the world’s largest and fastest-growing. It employs more than 60 million people, accounting for 12.0% of the country’s total labor force. The high usage of fire resistant coatings in building & construction is anticipated to offer a lucrative opportunity for the growth of the regional market.
Market Players Outlook
The major companies serving the global fire resistant coatings market include 3M Co., Akzo Nobel N.V., RPM International Inc., PPG Industries, Inc., and The Sherwin-Williams Company. The companies are focusing on product innovation, technology advancements, expansions, mergers & acquisitions, and finding a new market or innovation in their core competency to expand individual market share. For instance, in May 2020, Hempel AS began construction of a new factory in Yantai Chemical Industrial Park, China. The new factory will meet the increasing demand for more sustainable and innovative coating solutions in the region.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global fire resistant coatings market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Recovery Scenario of Global Fire Resistant Coatings Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Fire Resistant Coatings Market, By Technology
4.1.1. Solvent-Borne Fire Resistant Coatings
4.1.2. Water-Borne Fire Resistant Coatings
4.2. Global Fire Resistant Coatings Market, By Coating Type
4.2.1. Intumescent Fire Resistant Coatings
4.2.2. Cementitious Fire Resistant Coatings
4.3. Global Fire Resistant Coatings Market, By Resin Type
4.3.1. Silicon
4.3.2. Epoxy
4.3.3. Acrylic
4.3.4. Vinyl
4.3.5. Others
4.4. Global Fire Resistant Coatings Market, By End-User
4.4.1. Building & Construction
4.4.2. Power
4.4.3. Transportation
4.4.4. Oil & Gas
4.4.5. Others
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. 3M Co.
6.2. Akzo Nobel N.V.
6.3. Albi Protective Coatings
6.4. Benjamin Moore & Co
6.5. Carboline
6.6. Contego International Inc.
6.7. ETEX Group
6.8. Hempel AS
6.9. Isolatek International
6.10. Jotun
6.11. No-Burn, Inc.
6.12. PPG Industries, Inc.,
6.13. RPM International Inc
6.14. Sika AG
6.15. Teknos
6.16. The Sherwin-Williams Company
6.17. TREMCO ILLBRUCK
1. GLOBAL FIRE RESISTANT COATINGS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
2. GLOBAL SOLVENT-BORNE FIRE RESISTANT COATINGS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL WATER-BORNE FIRE RESISTANT COATINGS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL FIRE RESISTANT COATINGS MARKET RESEARCH AND ANALYSIS BY COATING TYPE, 2021-2028 ($ MILLION)
5. GLOBAL INTUMESCENT FIRE RESISTANT COATINGS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL CEMENTITIOUS FIRE RESISTANT COATINGS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL FIRE RESISTANT COATINGS MARKET RESEARCH AND ANALYSIS BY RESIN TYPE, 2021-2028 ($ MILLION)
8. GLOBAL SILICON BASED FIRE RESISTANT COATINGS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL EPOXY BASED FIRE RESISTANT COATINGS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL ACRYL BASED FIRE RESISTANT COATINGS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL VINYL BASED FIRE RESISTANT COATINGS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL OTHER RESIN BASED FIRE RESISTANT COATINGS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL FIRE RESISTANT COATINGS MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
14. GLOBAL FIRE RESISTANT COATINGS FOR BUILDING & CONSTRUCTION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL FIRE RESISTANT COATINGS FOR POWER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL FIRE RESISTANT COATINGS FOR TRANSPORTATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
17. GLOBAL FIRE RESISTANT COATINGS FOR OIL & GAS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
18. GLOBAL FIRE RESISTANT COATINGS FOR OTHER END-USERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
19. GLOBAL FIRE RESISTANT COATINGS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
20. NORTH AMERICAN FIRE RESISTANT COATINGS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
21. NORTH AMERICAN FIRE RESISTANT COATINGS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
22. NORTH AMERICAN FIRE RESISTANT COATINGS MARKET RESEARCH AND ANALYSIS BY COATING TYPE, 2021-2028 ($ MILLION)
23. NORTH AMERICAN FIRE RESISTANT COATINGS MARKET RESEARCH AND ANALYSIS BY RESIN TYPE, 2021-2028 ($ MILLION)
24. NORTH AMERICAN FIRE RESISTANT COATINGS MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
25. EUROPEAN FIRE RESISTANT COATINGS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
26. EUROPEAN FIRE RESISTANT COATINGS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
27. EUROPEAN FIRE RESISTANT COATINGS MARKET RESEARCH AND ANALYSIS BY COATING TYPE, 2021-2028 ($ MILLION)
28. EUROPEAN FIRE RESISTANT COATINGS MARKET RESEARCH AND ANALYSIS BY RESIN TYPE, 2021-2028 ($ MILLION)
29. EUROPEAN FIRE RESISTANT COATINGS MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
30. ASIA-PACIFIC FIRE RESISTANT COATINGS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
31. ASIA-PACIFIC FIRE RESISTANT COATINGS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
32. ASIA-PACIFIC FIRE RESISTANT COATINGS MARKET RESEARCH AND ANALYSIS BY COATING TYPE, 2021-2028 ($ MILLION)
33. ASIA-PACIFIC FIRE RESISTANT COATINGS MARKET RESEARCH AND ANALYSIS BY RESIN TYPE, 2021-2028 ($ MILLION)
34. ASIA-PACIFIC FIRE RESISTANT COATINGS MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
35. REST OF THE WORLD FIRE RESISTANT COATINGS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
36. REST OF THE WORLD FIRE RESISTANT COATINGS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
37. REST OF THE WORLD FIRE RESISTANT COATINGS MARKET RESEARCH AND ANALYSIS BY COATING TYPE, 2021-2028 ($ MILLION)
38. REST OF THE WORLD FIRE RESISTANT COATINGS MARKET RESEARCH AND ANALYSIS BY RESIN TYPE, 2021-2028 ($ MILLION)
39. REST OF THE WORLD FIRE RESISTANT COATINGS MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
1. GLOBAL FIRE RESISTANT COATINGS MARKET SHARE BY TECHNOLOGY, 2021 VS 2028 (%)
2. GLOBAL FIRE RESISTANT COATINGS MARKET SHARE BY COATING TYPE, 2021 VS 2028 (%)
3. GLOBAL FIRE RESISTANT COATINGS MARKET SHARE BY RESIN TYPE, 2021 VS 2028 (%)
4. GLOBAL FIRE RESISTANT COATINGS MARKET SHARE BY END-USER, 2021 VS 2028 (%)
5. GLOBAL FIRE RESISTANT COATINGS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL SOLVENT-BORNE FIRE RESISTANT COATINGS MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL WATER-BORNE FIRE RESISTANT COATINGS MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL INTUMESCENT FIRE RESISTANT COATINGS MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL CEMENTITIOUS FIRE RESISTANT COATINGS MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL SILICON BASED FIRE RESISTANT COATINGS MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL EPOXY BASED FIRE RESISTANT COATINGS MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL ACRYLIC BASED FIRE RESISTANT COATINGS MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. GLOBAL VINYL BASED FIRE RESISTANT COATINGS MARKET SHARE BY REGION, 2021 VS 2028 (%)
14. GLOBAL OTHER RESIN BASED FIRE RESISTANT COATINGS MARKET SHARE BY REGION, 2021 VS 2028 (%)
15. GLOBAL FIRE RESISTANT COATINGS FOR BUILDING & CONSTRUCTION MARKET SHARE BY REGION, 2021 VS 2028 (%)
16. GLOBAL FIRE RESISTANT COATINGS FOR POWER MARKET SHARE BY REGION, 2021 VS 2028 (%)
17. GLOBAL FIRE RESISTANT COATINGS FOR TRANSPORTATION MARKET SHARE BY REGION, 2021 VS 2028 (%)
18. GLOBAL FIRE RESISTANT COATINGS FOR OIL & GAS MARKET SHARE BY REGION, 2021 VS 2028 (%)
19. GLOBAL FIRE RESISTANT COATINGS FOR OTHER END-USERS MARKET SHARE BY REGION, 2021 VS 2028 (%)
20. US FIRE RESISTANT COATINGS MARKET SIZE, 2021-2028 ($ MILLION)
21. CANADA FIRE RESISTANT COATINGS MARKET SIZE, 2021-2028 ($ MILLION)
22. UK FIRE RESISTANT COATINGS MARKET SIZE, 2021-2028 ($ MILLION)
23. FRANCE FIRE RESISTANT COATINGS MARKET SIZE, 2021-2028 ($ MILLION)
24. GERMANY FIRE RESISTANT COATINGS MARKET SIZE, 2021-2028 ($ MILLION)
25. ITALY FIRE RESISTANT COATINGS MARKET SIZE, 2021-2028 ($ MILLION)
26. SPAIN FIRE RESISTANT COATINGS MARKET SIZE, 2021-2028 ($ MILLION)
27. REST OF EUROPE FIRE RESISTANT COATINGS MARKET SIZE, 2021-2028 ($ MILLION)
28. INDIA FIRE RESISTANT COATINGS MARKET SIZE, 2021-2028 ($ MILLION)
29. CHINA FIRE RESISTANT COATINGS MARKET SIZE, 2021-2028 ($ MILLION)
30. JAPAN FIRE RESISTANT COATINGS MARKET SIZE, 2021-2028 ($ MILLION)
31. SOUTH KOREA FIRE RESISTANT COATINGS MARKET SIZE, 2021-2028 ($ MILLION)
32. REST OF ASIA-PACIFIC FIRE RESISTANT COATINGS MARKET SIZE, 2021-2028 ($ MILLION)
33. REST OF THE WORLD FIRE RESISTANT COATINGS MARKET SIZE, 2021-2028 ($ MILLION)
