Global Fire-Resistant Coatings Market Size – Industry Trends &
Forecast Report 2027
The Fire-Resistant Coatings market size
was calculated to be at USD billion in 2019 and is anticipated to elevate
rise with a CAGR of % till 2027 having a calculated value of USD in the
projected period. Most of this would be the reflection of the growth made in Building&
Construction, Oil & Gas, and various commercial sectors. Rising awareness
against safety measures and increased preference for light materials has
stirred the market. The coatings are majorly used as a cautious measure to
prevent fire-related accidents and mishaps.
Global Fire-Resistant Coatings Market Overview
A fire-resistant coating is the coating or paint, that is
applied on any given article, material, construction(s), infrastructures to
make them resist high degrees of temperature fluctuations to prevent them from
catching fire or any other deformity related to heat. The fire-resistant
coatings could be taken as a thermal coating which acts as a barrier in between
the article it’s been spread on and the heat, extremely high temperatures, and
fire. These coatings are extensively used to avoid fire exposures to steel
structures and constructions as well.
Global Fire-Resistant Coatings Market Forecast and Trends
The rise in numbers of fire and heat-related accidents
As the industry in the construction sector is growing due to
increased migrations towards the urban settings, the application of
fire-resistant coatings has increased. Because with the higher populations come
the demands for better residential settlements. The increased number of
domestic fire accidents and commercial or industrial power & energy-related
accidents has initiated the implementation of several codes, regulations, and
standards for fire protection and fire safety. The presence of these strict
rules and norms to prevent such accidents, stated by the government would drive
the market growth in the forecast period.
Coating of construction materials
The application of fire-resistant coatings and paints on
construction materials such as structural steel, sheets of concretes, and other
various materials, gives an attractive finish. And most importantly increases
the resistivity of such materials from heat, thermal energy, and fire exposure.
The coating also brings an added feature of enhanced durability of the total
constructive frame and construction. Because of these, the fire-resistant
coatings are used as a cautious measure by builders, government, and industries
to ensure safety in commercial, housing, institutional settings, etc.
Eventually elevating the growth of the relevant market.
Lack of technological enhancements
Despite the properties such as thermal, heat, and fire
resistivity, these coatings provide. The extended exposure of these coatings to
unfavorable environments hinders their properties that result in the
orange-peel effect. This is a major drawback of intumescent kind of coatings,
moreover, the improper application and not efficient pre-surface treatments do
give in-aesthetic sagging of coatings on the substrates and articles. Also, on
coming with the contact of fire, the coat tends to swell up and forms a charred
layer that emits smoke. This issue could heavily affect the visibility of the
people caught up in mishaps and accidents.
Impact of COVID 19 on Global Fire-Resistant Coatings Market
In the initiative stages pandemic situation, the market demand for
paints and coatings was at an exhaustive level. Due to the enactment of
lockdowns and shut-downs at various levels to prevent the infection spread.
Which led the focus of all the economies to be invested in essential products
and resources. Additionally, market growth was more prevalent in online,
network-related, and technological electronics goods. But ever since the severe
limitations have lifted off, the coatings market is gaining borderline but
positive traction. Losses would have to get recovered within the projected
Global Fire-Resistant Coatings Market Segmentation: By Coating
The market for global fire-resistant coatings is bifurcated into
Cementitious coatings and Intumescent coatings. The Intumescent coatings are
heavily used in passive fire protection (use of materials, coatings, and
constructive fittings to slow down the fire spread). These kinds of coatings
customarily are water-based, epoxy, or solvent-based paint-like materials.
Which stretch, swell, and expand on heating to form an insulation char
protecting article and substrate.
Global Fire-Resistant Coatings Market Segmentation: By
Based on technology the market is segmented into solvent-borne
and water-borne. Now, both types of technologies are used for fire protection
in buildings and related construction structures with the resistance need of
30, 60, and even 90 minutes. Demand for intumescent coatings having water-borne
and solvent-borne technologies is heavily dependent on the expenditure done for
Global Fire-Resistant Coatings Market Segmentation: By Type
Based on the type of form of the coatings, the market has two
major kinds which are Liquid Fire Resistant Coatings and Powder Fire Resistant
Coatings. On comparing the two, it is evident that the market would flourish
more in liquid fire-resistant coatings as this segment held the largest share
of revenue in the year 2019. A liquid fire-resistant coating is atypically a
fluid solution that is used to cover or protect any given surface; on drying
the coating creates a continuous and protective film over the surface. The film
is elastic, strong, and quite thin due to which it is used for about 80% of the
household coatings as analyzed by a Paint Quality Institute.
Global Fire-Resistant Coatings Market Segmentation: By End-User
End-User Industry is segmented into Aerospace, Automotive &
Transportation, Building & Construction, Electrical and Electronics,
Furnishings, Marine, Oil & Gas, Others. Among which the building & construction
segment had the widest share in the fire-resistant market with a CAGR of 7.05%
in the year 2019. These fire-resistive coatings are used to coat automotive
parts, buildings, gas pipelines, and others. Also, its application is heavily
on demand where the articles, substrate, items are needed to make durable, and
weatherable. Protecting the materials and related parts for a good 30 minutes
to 2 hrs., in case of any mishap and fire incident.
Global Fire-Resistant Coatings Market Segmentation: Regional
Europe to grow with the highest pace in the projected time
frame, as the increase in fire-resistant coatings in this particular region is
credited to multiple industrial initiatives, stringent laws and rules
established by the government, and most significantly a strong emphasis on
precaution and protection against fire. Meanwhile, the construction of several
green buildings and the adoption of green coats and paints are expected to help
the market grow further. The market in Europe is dominated by countries EU-5
countries such as France, Germany, Italy, Spain, and the United Kingdom.
The Asia Pacific did dominate the market by contributing over
33% of revenue share to the global market which indicates that this region will
yet have a substantial growth in forecast years.
November’ 19- Finnester Coatings,
an innovation driven coatings manufacturer of fire resistant coatings launched
a coating range under name “Hybridred”. It has a unique formula made for
combined application of fire protection, decorative and enhanced
August’ 19- M Fire Suppresion
Inc., a fire technology company presented a Fire Elimination Kit to defend the
winery and vineyards from wildfires that occurs every year in the western
regions of U.S.
Key manufacturers for the Global market
of Fire resistant coatings are 3M,Akzo Nobel N.V., Albi Protective Coatings, Carboline, Contego
International Inc., Hempel A/S, Isolatek International, Jotun, No-Burn Inc.,
Nullifire, PPG Industries, Inc., Rudolf Hensel GmbH, Sika AG, The
Sherwin-Williams Company, Tor Coatings, etc.
of the Report
Historical data – 2016-2019
Base Year – 2020
Forecast – 2020 – 2027
Revenue in USD Billion
U.S, Canada, Germany, UK,
France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India,
Argentina, UAE, South Africa, Saudi Arabia.
By Coating Type, By Technology,
By Type, By End-User Industry, By Region
Nobel N.V., Albi Protective Coatings, Carboline, Contego International Inc.,
Hempel A/S, Isolatek International, Jotun, No-Burn Inc., Nullifire, PPG
Industries, Inc., Rudolf Hensel GmbH, Sika AG, The Sherwin-Williams Company,
Tor Coatings, etc.
of the Report
By Coating Type
Liquid Fire Resistant Coatings
Powder Fire Resistant Coatings
Automotive & Transportation
Building & Construction
Electrical and Electronics
Oil & Gas
East & Africa