About Me

WK Information’s purpose is to support clients to make informed optimal decisions. Our reports cover a variety of fields, from niche market to general market. Our consistent growth and ability to deliver in-depth analyses and market insight has engaged genuine.

[smbtoolbar]

LATEST NEWS

04 Aug

Global Cristobalite Market Insight

Global cristobalite will increase steadily over the next...

03 Aug

Global Gold Nanoparticles Market Insight

The Gold Nanoparticles is forecast to crazy increase...

26 Jul

Global Flue Gas Desulfurization Market Insight

The Flue Gas Desulfurization is forecast to steadily...

25 Jul

Global Epoxy Reactive Diluents Market Insight

According to the WK-chem Research “Global Epoxy Reactive...

16 Feb
Global Fire Protection Coatings Market Insight
2022-02-16 Comments

According to the WK-chem Research “Global Fire Protection Coatings Professional Survey Report 2022, Forecast to 2027”, The fire-retardant coatings are widely used in building & construction, marine and oil & gas industries. The increasing awareness and stringent fire safety norms and regulations, the market of fire-retardant coatings will witness high growth rate in forecast period. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 6.14% base on WK-chem Research regression analysis model.
Analysts’ Viewpoint:
Currently nanotechnology has gradually emerged in the market, the introduction and technological advancement of nanotechnology has helped to develop new methods which will increase the application of surface and fire-retardant coatings and may create a trend for the global fire retardant coatings market, said Amy, Senior analyst, Chemical & Material Market Research Center in WK-chem Research. Also, the disruption in the supply chain has been a major issue faced by the paints and coatings industry, which is expected to lead to a rise in the price of raw materials and other products.
Market insight:
The rise in demand of the fire protection coatings for maintaining the integrity of steel structures, and its demand in various end-users like building and construction, automotive, aerospace and, others are the major factors driving the fire protection coatings market. The growing automotive industries owing to a high demand for automobiles and increasing disposable income will help drive the market in the coming years.
The increase in the number of construction projects and changing standards for fire safety is anticipated to take the fire protection coating market towards significant growth. The subsequent environmental impact and change in climate across the globe will help aid the growth of the paints and coatings market creating opportunities for business across various end-users which ultimately creates opportunities for the global fire protection coatings market.
Competition Landscape:
This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Fire Protection Coatings companies that include 3M, Akzo Nobel, Asian Paints, BASF SE, Carboline, Chugoku Marine Paints, Diamond Vogel, DuPont, Envirograf, Fire Protection Coatings, Hempel, Jotun, Kansai Paint, Nullifire, PPG Industries, Promat, Pyro-Cote, Rudolf Hensel, Sherwin-Williams, Sika, Teknos.
Segmentation of Fire Protection Coatings Market:
By resin type fire protection coatings industry can be segmented into acrylic, epoxy, silicone, and others. The Epoxy segment held the largest share in the fire-retardant coatings market due to its high thermal resistance. Epoxy coatings are widely used due to their exceptional chemical resistance, low porosity, durability, and bond strength. Wood surfaces protected with coatings of epoxy cannot become Saturated with water. Paint adheres better, with less cracking and lifting, than it does on substrates without the benefit of an epoxy coating. Epoxy coatings are often used in industrial and wood and timber coatings applications since they are more heat resistant than latex-based coatings and alkyd-based Coating.
By coating fire protection coatings industry can be subdivided into water based, solvent based, UV based, and others. The water-based coating held the largest share in the fire-retardant coatings market. Water based coating is typically a fluid composite used to protect a surface. When dry, the coating leaves a continuous protective film over the treated surface which is thin, strong and elastic. The use of water-based coatings for exteriors is now well-established. The advantages of water-based coating are reduction of solvent emissions into the atmosphere, short processing times, excellent elasticity, resistance of the coating film to temperature shift, ease of over coating, and no risk of spontaneous combustion of the overspray dust.
This product can be widely used in building and construction, power, automotive, ship building, aerospace, oil and gas, and others. The construction industry holds the largest share of the fire-retardant coatings market. Fire-retardant coatings are used in coatings for buildings, auto parts, gas pipelines, etc. Fire-retardant coatings are highly durable and weather resistant to protect materials and components from any fire incident for 30 minutes to 2 hours. The growth of fire-retardant coatings can be seen as proportional to the growth of the construction industry. Government buildings and public institutions are other major consumers of fire-retardant coatings, which is expected to further drive the fire-retardant coatings market.
Fire Protection Coatings Market: Regional Analysis
In terms of geography, the global Fire Protection Coatings market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. Asia-Pacific (APAC) dominated the fire-retardant coatings market, followed by North America and Europe. The economy of APAC is mainly influenced by the economic dynamics of countries such as China and India, but with growing foreign direct investment for economic development of South East Asia, the current scenario is changing. Countries in South East Asia are witnessing high growth in Building and Construction industry which ultimately beneficial for the fire-retardant coating market. China was the leading regional market, due to the presence of Construction Industries. The increasing growth in Real estate (Building and Construction) sector especially in India, China, Japan and Indonesia is another key aspect to the growth of global fire-retardant coatings market.
Cagr: 6.14%
Largest share area:Asia Pacific

Largest share country:China
Product Type(by Resin Type):Acrylic, Epoxy, Silicone, and Others
Product Type(by Coating):Water Based, Solvent Based, UV Based, and Others
Application:Building and Construction, Power, Automotive, Ship Building, Aerospace, Oil and Gas, and Others
Leading Company:3M, Akzo Nobel, Sherwin-Williams, Sika, PPG Industries