The Passive Fire Protection Coatings Market is projected to grow at a CAGR of 6.6% during the forecast period, in terms of value. Passive Fire Protection Coatings Market report contains the top corporate profiles and strategies with industry analysis and trends. The Passive Fire Protection Coatings Market is growing and the experts have predicted the future stats of Passive Fire Protection Coatings.
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The complete report of Passive Fire Protection Coatings Market by Type (Intumescent, Cementitious), Technology (Water-Based, Solvent-Based), End-Use Industry (Building & Construction, Oil & Gas, Transportation), and Region - Global Forecast to 2022 is now available on www.rnrmarketresearch.com/passive-…rket-report.html
The passive fire protection coatings market is projected to reach USD 4.02 billion by 2022, at a CAGR of 6.6% from 2017 to 2022. The growth of this market is mainly attributed to the increasing use of steel in the building & construction industry and stringent building codes.
Owing to the increasing usage of fire protection coatings in the building & construction and oil & gas industries, demand is growing significantly across the Asia-Pacific, Europe, and North America. However, the availability of cheaper alternatives such as, dry methods of passive fire protection through boards, sprays, putty, or other equipment in some emerging markets is restraining the growth of the passive fire protection coatings market.
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Emerging countries such as India, China, and Brazil are considered price sensitive markets, and thus, these countries prefer using cheaper alternatives to passive fire protection coatings.
The value of the market of in tumescent coatings is higher, as these coatings are costlier as compared to cementations’ coatings. Also, these coatings are cladded with other materials hence, the market volume is lower.
In tumescent coatings are an emerging type of passive fire protection coatings, hence the growth rate is high. These are typically used in building & construction in commercial buildings, restaurants, hospitals, colleges, residential buildings, and skyscrapers.
In the oil & gas industry, these are used in offshore oil & gas applications and onshore petrochemical facilities and refineries.
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Break of primary participants in Passive Fire Protection Coatings Market was as mentioned below:
By Company Type: Tier 1 – 27%, Tier 2 – 46%, and Others – 27%
By Designation: C-level – 36%, Director-level – 28%, and Others – 36%
By Region: Asia-Pacific – 46%, Europe – 27%, North America – 18%, South America-1%, and Middle East & Africa – 8%
Major players of Passive Fire Protection Coatings Market Report are:
Key players profiled in the report include Akzo Nobel (The Netherlands), PPG Industries (US), The Sherwin-Williams Company (US), Promat International (Belgium), Carboline (US), Hempel A/S (Denmark), KANSAI PAINT (Japan), Nullifire (UK), Jotun (Norway), GCP Applied Technologies (US), Isolatek International (US), BASF (Germany), Contego International (US), Teknos Group (Finland), Sika (Switzerland), 3M (US), Intumescent Systems (Envirograf) (UK), Albi Manufacturing (US), Bollom Fire Protection (UK), SKK Pte. Ltd., (Japan), Arabian Vermiculite industries (Saudi Arabia), No-Burn (US), Demilec USA (US), Gangotri Hi-Tech Coatings (India), and Monarch Industrial Products (India).
FAQ’s regarding the Passive Fire Protection Coatings Market Report are:
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Comprehensive information on the product portfolios of the top players in the Passive Fire Protection Coatings market
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Comprehensive information about emerging markets. This report analyzes the market for various Passive Fire Protection Coatings products across geographies
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Exhaustive information about new products, untapped geographies, recent developments, and investments in the Passive Fire Protection Coatings market
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The market is segmented on the basis of type, application, and region. This report covers the Passive Fire Protection Coatings market, in terms of volume and value, and forecasts its market size till 2022.
The report also provides company profiles and competitive strategies adopted by the key players in the Passive Fire Protection Coatings market. The report offers detailed information on major factors such as drivers, restraints, opportunities, industry-specific challenges, and winning imperatives influencing the growth of the market.
The Passive Fire Protection Coatings market in APAC is expected to grow at the highest CAGR during the forecast period owing to the increasing investment in the semiconductor industry and higher consumption rate of consumer electronics in the region. The telecom and automotive verticals are also playing a significant role in the growth of the Passive Fire Protection Coatings market in the region.
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