Fire Protection Coatings are applied to the industrial components to act as a protective barrier which prevents them from damage during a fire. These coatings are of two types namely passive protection coatings and active protection coatings. They are known for their strength, reliability and excellent fire performance characteristics. Owing to these features, they are used in various application such as buildings and construction, oil & gas, automotive, aviation, marine and others.
The Global
Fire Protection Coatings Market has been driven by the rising usage of passive
protection coatings due to their low cost and non-combustibility features. A
significant growth has been predicted in the market owing to rising demand in
the end-use industries.
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Competitive
Analysis:
Some of the
major players operating in the Global Fire Protection Coatings
Market: PPG industries (U.S.A.), Akzo Nobel N.V. (the
Netherlands), The Sherwin-Williams Company (U.S.A.). RPM International Inc.
(U.S.A.), Nippon Paint Holdings Co.(Japan), Axalta Coating Systems, LLC(U.S.A.), The
Valspar Corporation( U.S.A.), BASE Coatings (Germany), KANSAI PAINT
CO.,LTD (Japan), among others.
Market
Segmentation:
The Global Fire Protection Coatings Market is differentiated into type and
application. By type, the market is further segmented into passive Fire
Protection and active fire Protection Coatings. Passive fire coatings includes
application in constructional components such as concrete, compartments,
structures and others. These coatings hold the major share in the market due to
its popularity and growing use in end-use industries such as construction,
paints and coatings, automotive, energy and others. They are light weight
therefore can be applied easily. Active Fire Protection Coatings is a system
where coatings can be applied automatically without any manual help. These
coatings are implemented by a system of sprinklers, alarms water deluge
systems. It is projected that active Fire Protection Coating Market is set to
grow at a high rate due to its growing usage in buildings and construction
industry, hospitals and others.
Segmental
Analysis:
On the basis
of geography, the Global Fire Protection Coatings market is segregated into
five key regions namely Asia Pacific, North America, Europe, Latin America and
the Middle East & Africa. Among these, Asia Pacific is predicted to lead
the market globally due to rising demand from the heavy end industries such as,
oil & gas, paints and coating, marine and others. Europe is also predicted
to witness a massive growth in the Fire Protection Coatings market due to their
growing use in furniture and construction industries. The North American and
Latin American has recognized a significant development in the market owing to
growing demand of steel in various industries. Moreover, the Middle East &
Africa has witnessed a stunted growth in the market due to economic slowdown.
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https://www.marketresearchfuture.com/reports/fire-protection-coatings-market-4657
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