Fire-resistant Coatings Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

Globally, a fire caused heavy losses to the economy of a country. Each year, countries are facing severe negative impacts like death and economic losses. Developing nations of MEA and Asia-Pacific regions are among the largest victims of the fire. As a result, stakeholders related to the fields are continuously developing strategies and creating new innovations to reduce the cases of fire. The fire-resistant coating is one of the products available in the market which can help slow the spread of fire, stop the spread of fire, reduce the fire intensity, and reduce the smoke a fire produces. Thus, reduces the losses that occur due to fire. For instance, according to U.S. Fire Administration, between 2017-2019, an estimated average of 34,200 heating fires in residential buildings were reported each year. It caused an estimated annual average of 165 deaths, 600 injuries, and USD 367 million in property loss. Using fire-resistant coating, these losses can be reduced.

According to UnivDatos Market Insights (UMI)’ research report “Global Fire-resistant Coatings Market”, the market is expected to showcase growth of around 4% during the forecast period. Large and growing end-use industries and increasing investment in the electronics industry are some of the key attributable factors for the growth of the market.

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Based on technology, the market is categorized into water-borne, solvent-borne, and others. Among these, water-borne coating technology is likely to showcase substantial growth during the forecast period. This can be attributed to the increasing demand for environment friendly products. Further, globally, perception regarding solvent-based coatings is increasingly getting adverse as consumer are becoming more aware of the harmful effects of volatile organic compounds (VOC). Increasing awareness coupled with stringent government regulation is supporting the market of waterborne coatings which have a lower VOC content.

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 are 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. For instance, according to industries articles, the building & infrastructure industry utilized around 50% of the steel produced worldwide.

Europe accounted for a considerable share of the fire-resistant coatings market

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. Regional economies like Germany, France, the UK, and Italy are among the largest consumer of fire-resistant coatings. This is due to their strong and large construction industry, the well-established aerospace sector, high GDP, and large base of the commercial and industrial sectors. Further, construction companies and fire-resistant coating manufacturers are investing in new technologies and development which as a result increase the consumption of fire-resistant coatings in the region.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global Fire-resistant Coatings market include 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., and Teknos Group Oy. These companies are taking several strategic decisions to meet the growing demand and increase their market share. For instance:

“Global Fire-resistant Coatings Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.      

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Market Segmentation:

1.      By Type (Intumescent and Cementitious)

2.      By Technology (Water-Borne, Solvent-Borne, and Others)

3.      By Substrate (Metal, Wood, and Others)

4.      By Application (Building & Construction, Industrial, Aerospace, and Others)

5.      By Region (North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World)

6.      By Company (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., and Teknos Group Oy)

Key questions answered in the study:

1.      What are the current and future trends of the global Fire-resistant Coatings industry?

2.      How the industry has been evolving in terms of type, technologies, substrate, and application?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the global Fire-resistant Coatings industry?

5.     What are the customer orientation, purchase behavior, and expectations from the global Fire-resistant Coatings suppliers across various region and countries?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL FIRE-RESISTANT COATINGS MARKET COVID-19 IMPACT

6 GLOBAL FIRE-RESISTANT COATINGS MARKET REVENUE (USD MN), 2019-2027F

7 MARKET INSIGHTS BY TYPE

8 MARKET INSIGHTS BY TECHNOLOGY

9 MARKET INSIGHTS BY SUBSTRATE

10 MARKET INSIGHTS BY APPLICATION

11 MARKET INSIGHTS BY REGION

12 FIRE-RESISTANT COATINGS MARKET DYNAMICS

13 FIRE-RESISTANT COATINGS MARKET OPPORTUNITIES

14 FIRE-RESISTANT COATINGS MARKET TRENDS

15 LEGAL & REGULATORY FRAMEWORK

16 DEMAND AND SUPPLY-SIDE ANALYSIS

17 VALUE CHAIN ANALYSIS

18 COMPETITIVE SCENARIO

19 COMPANY PROFILED

20 DISCLAIMER

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