The passive fire protection coatings market is projected to reach USD 4.02 billion by 2022, at a CAGR of +6% from 2017 to 2025.
The growth of this market is mainly due to increased use of steel in the construction and construction industries and strict building codes. The growing use of flameproof coatings in the construction and construction and oil and gas industries is driving a significant increase in demand throughout Asia-Pacific, Europe and North America. However, the use of inexpensive alternatives such as dry methods of manual fire extinguishing through board, spray, putty or other equipment in some emerging markets, inhibits the growth of the manual fire extinguishers market. Emerging countries such as India, China and Brazil are considered price-sensitive markets, so this country prefers cheap alternatives to manual fire-resistant coatings.
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The Report includes Several Company Profiles of who are market key players
For competitor segment, the report includes global key players of Passive Fire Protection Coatings as well as some small players. At least 14 companies are included:
* Akzo Nobel N.V.
* PPG Industries
* The Sherwin-Williams Company
* Hempel A/S
* Promat International
For complete companies list, please ask for sample pages.
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The expandable coatings market is more expensive than cementitious coatings. Also, since these coatings are clad with other materials, the market size is smaller. The expansive coating is a new form of passive fire retardant coating, resulting in faster growth rates. They are commonly used in the construction and construction of commercial buildings, restaurants, hospitals, universities, residential buildings and high-rise buildings. In the oil and gas industry, these are used in offshore oil and gas applications and on land petrochemical plants and refineries.
The study objectives are:
To analyze and research the global Passive Fire Protection Coatings status and future forecast, involving capacity, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
To present the key Passive Fire Protection Coatings manufacturers, capacity, production, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Passive Fire Protection Coatings are as follows:
History Year: 2014-2019
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
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