Passive Fire Protection Coatings Market

Market Insights

"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.

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Key Players

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:

• Akzo Nobel N.V.
• PPG Industries, Inc.
• Sherwin-Williams Company
• Jotun
• Hempel A/S
• Promat International
• Kansai Paint Co., Ltd.
• Teknos Group Oy
• Carboline
• Nullifier Ltd.

Note: The above list does not necessarily include all the top players of the market.

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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?

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 [email protected]