Passive Fire Protection Coatings Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2023-2028
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Passive Fire Protection Coatings Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2023-2028
Passive Fire Protection Coatings Market, by Type (Intumescent Coatings and Cementitious Coatings), Technology Type (Water-based and Solvent-based), End-Use Industry Type (Building & Construction, Oil & Gas, Transportation, and Others), and Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Italy, Russia, and Rest of Europe], Asia-Pacific [China, India, Japan, Thailand, Malaysia, Singapore, and Rest of Asia-Pacific], and Rest of the World [Brazil, Argentina, South Africa, and Others]).
Passive Fire Protection Coatings Market, by Type (Intumescent Coatings and Cementitious Coatings), Technology Type (Water-based and Solvent-based), End-Use Industry Type (Building & Construction, Oil & Gas, Transportation, and Others), and Region...
"The global passive fire protection coatings market is likely to rebound at a promising CAGR of 6.5% in the long run."
Passive fire protection coatings protect against the negative effects of a fire and prevent damage during a fire. These coating systems decrease the rate of temperature rise of the component being protected. If designed and chosen properly, these coating systems may require little or no maintenance for the life of the installation.
Rapid growth in various end-use industries, such as building & construction and oil & gas, and their growing product demand are likely to drive market growth during the forecast period.
Segments' Analysis
By Type
"Intumescent coating is estimated to account for the major share of the market."
The market is segmented into intumescent coatings and cementitious coatings. The intumescent coating is estimated to account for the major share of the market during the forecast period. This can be attributed to its various advantageous factors, such as its low maintenance requirement, longer shelf life, enhanced durability, and protection of steel structures from corrosion in buildings.
Technology Insights
"Water-based technology is expected to hold the largest share of the market."
The market is segmented into water-based and solvent-based. Water-based technology is expected to hold the largest share of the market during the forecast period. This technology is eco-friendly in nature, due to which it is seen as a potential replacement for coatings with VOC content. It is solvent-free and is widely utilized in infrastructure & construction, oil & gas, and marine applications.
End-Use Industry Insights
"Building & construction are estimated to be the biggest demand generator in the market."
The market is segmented into building & construction, oil & gas, transportation, and others. Building & construction are estimated to be the biggest demand generator in the market during the forecast period. Factors such as the implementation of stringent regulations and rising awareness about the safety and security of people and assets are likely to drive segment growth during the forecast period.
Regional Trends
"Asia-Pacific is estimated to be the fastest-growing region in the market."
Asia-Pacific is estimated to be the fastest-growing region in the market during the forecast period. Factors, such as a rising population and an increasing standard of living are leading to increased demand for passive fire protection systems in various end-use industries such as building & construction, oil & gas, and transportation, fueling regional market growth in the coming years. India is expected to be one of the major growth engines of the region owing to initiatives, such as Make in India, introduced by the Indian government that are accelerating construction and infrastructure sector growth in the country.
The market is highly populated, with the presence of several local, regional, and global players. Most of the major players compete on some of the governing factors, including price, product offerings, regional presence, etc.Most of the major players are providing complete profile systems, including profile seals. The following are the key players in the passive fire protection coatings market:
Note: The above list does not necessarily include all the top players of the market.
Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.
What deliverables will you get in this report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth analysis of the Passive Fire Protection Coatings Market
How lucrative is the future?
Market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional and country level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
Will I get the information on my specific requirement?
10% free customization
The passive fire protection coatings market is segmented into the following categories:
By Type
Intumescent Coatings
Cementitious Coatings
By Technology Type
Water-based
Solvent-based
By End-Use Industry Type
Building & Construction
Oil & Gas
Transportation
Others
By Region
North America (Country Analysis: The USA, Canada, and Mexico)
Europe (Country Analysis: Germany, France, The UK, Russia, Italy, and The Rest of Europe)
Asia-Pacific (Country Analysis: China, India, Japan, Thailand, Malaysia, Singapore, and the Rest of Asia-Pacific)
Rest of the World (Country Analysis: Brazil, Argentina, South Africa, and Others)
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s passive fire protection coatings market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Detailed profiling of additional market players (up to three players)
SWOT analysis of key players (up to three players)
Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com
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Passive fire protection coatings protect against the negative effects of a fire and prevent damage during a fire. These coating systems decrease the rate for temperature rise of the component being protected. If designed and chosen properly, these coating systems may require little or no maintenance for the life of the installation.
The passive fire protection coatings market is estimated to grow at a CAGR of 6.5% by 2028, primarily driven by rapid growth in various end-use industries such as building & construction and oil & gas and their growing product demand.
Asia-Pacific is estimated to remain dominant in the Passive Fire Protection Coatings Market in the foreseeable future. Factors such as a rising population and an increasing standard of living are leading to increased demand for passive fire protection systems in various end-use industries such as building & construction, oil & gas, and transportation, fueling regional market growth in the coming years. India is expected to be one of the major growth engines of the region owing to initiatives, such as Make in India, introduced by the Indian government that is accelerating the construction and infrastructure sector growth in the country.
Building & construction is estimated to be the dominant end-use industry type in the market during the forecast period. Factors such as the implementation of stringent regulations and rising awareness about the safety and security of people and assets are likely to drive segment growth during the forecast period.
Water-based technology is expected to hold the largest share of the market during the forecast period. This technology is eco-friendly in nature, due to which it is seen as a potential replacement for coatings with VOC content.
Akzo Nobel N.V., PPG Industries, Inc., The Sherwin-Williams Company, Jotun, Hempel A/S, Promat International, Kansai Paint Co., Ltd., Teknos Group Oy, Carboline, and Nullifier Ltd.
