Fire-resistant Coatings Market by Coating Type (Intumescent Coatings, and Cementitious Coatings), Technology (Water-borne, Solvent-borne), Application (Building and Construction, Industrial, Aerospace, and Others): Global Market Size Estimates and Forecast (2022-2030)

The market crossed US$ 1.1 billion mark in 2022 and is expected to hit US$ 1.4 billion by 2030, recording a CAGR of 3.3% during the forecast period.

Fire-resistant coating market has been significantly increasing with government regulations to ensure safety.   

Increasing awareness, changing regulations, and rising emphasis on safety measures globally, new rule for green and smart building and growing focus on obtaining green certification, and increasing number of fire accidents globally are some of the major factors driving the growth of the market. The Intumescent coating segment is expected to pace up with owing to its advantages such as better fire protection properties, significant reduction in overall weight of substrate and structures, and others over their substitutes. Further, cementitious coating segments are also expected to gain traction during the forecasted year.

Within the report, the market is segmented into coating type, technology, application, and geography. By coating type, the market is further segmented as intumescent coatings, and cementitious coatings. On the basis of technology, the market is segmented into water-borne, and solvent-borne. By application, the market is categorized into building and construction, industrial, aerospace, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Growing demand for fire-resistant coating in renovation buildings has empowered the growth of futuristic innovations.

Fire-resistant coatings are substances which help to reduce fire using a product to add coat to the surface and ensure there is a sufficient thickness of coating on substance to deliver the necessary fire-resistant security. The demand for fire-resistant coating in maintenance of old projects and building has surged in both commercial and residential application. In addition, the coating provides resistance against weather and corrosion. They provide extended shelf life and require less maintenance. These factors have surged the demand for fire-resistant coating market during the forecast period.  

Rising adoption in various industries is one of the major factors accelerating the market growth.

The industries for fire-resistant coating are building and construction, industrial, aerospace, and other. Within these industries, building and construction industry is one such industry, wherein the use of fire-resistant coating is increasing owing to increasing construction activities coupled with rising demand from manufacturing facilities in emerging economies of Asia Pacific and the Middle East and Africa. The industrial and aerospace has also witnessed an extensive use of fire-resistant coating owing to implementation of stringent regulation by governments.

Recent strategic developments in fire-resistant coating market

The fire-resistant coating market has undergone several significant developments, and a few of these have been mentioned below:

• In May 2020, Hempel A/s opened a new manufacturing facility in Yantai Chemical Industrial Park, China. The expansion is aimed to increase production capacity and meet the growing demand in Asia Pacific

The fire-resistant coatings market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. PPG Industries, Inc, Jotun, RPM International Inc, Teknos Group, and Etex Group are among the prominent players operating in the market.

Target audience for the report:

• Raw material providers
• Fire-resistant coatings related associations, organizations, forums, and alliances
• Government bodies, such as regulating authorities and policy makers
• Venture capitalists, private equity firms, and start-up companies
• Application industry of fire-resistant coatings industry
• Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

• Coating Type:
  • Intumescent Coatings
  • Cementitious Coatings
• Technology:      
  • Water-borne
  • Solvent-borne
• Application:
  • Building and Construction
  • Industrial
  • Aerospace
  • Others
• Region
  • North America
  • Europe
  • Asia Pacific (APAC)
  • South & Central America
  • Middle East & Africa
• Companies profiled
  • PPG Industries, Inc
  • Jotun
  • RPM International Inc
  • Teknos Group
  • Etex Group