Passive fire protection coating is a protective barrier that is applied to an industrial component that helps in preventing the damage caused during a fire. By being passive, the coating assists in protecting against the adverse effects caused due to a fire. It is one of the various types of fire protection coatings that include blanket systems, cementitious products and fiberboard systems.
MARKET DYNAMICS
The passive fire protection coating market is anticipated to grow in the forecast period owing to the rise in the use of steel in building and construction projects coupled with stringent government regulations and fire safety standards. However, the use of cheaper alternatives restricts the growth of the passive fire protection coating market. On the other hand, growing demand for fire protection coatings in renovation projects is likely to showcase growth opportunities for the passive fire protection coating market during the forecast period.
MARKET SCOPE
The "Global Passive fire protection coating market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of passive fire protection coating market with detailed market segmentation by of type, technology, end-use industry, and geography. The global passive fire protection coating market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading passive fire protection coating market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global passive fire protection coating market is segmented on the basis of type, technology and end-use industry. Based on type, the market is segmented as intumescent coatings and cementitious coatings. On the basis of the technology, the market is segmented as water-based and solvent-based. On the basis of end-use industry, the market is segmented as building & construction, oil & gas, transportation and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global passive fire protection coating market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The passive fire protection coating market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting passive fire protection coating market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the passive fire protection coating market in these regions.
MARKET PLAYERS
The reports cover key developments in the passive fire protection coating market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from passive fire protection coating market are anticipated to lucrative growth opportunities in the future with the rising demand for passive fire protection coating in the global market. Below mentioned is the list of few companies engaged in the passive fire protection coating market.
The report also includes the profiles of key passive fire protection coating companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- Akzo Nobel N.V.
- Carboline
- Hempel A/S
- Jotun
- Kansai Paint
- PPG Industries, Inc.
- Promat International
- Teknos Group
- The Sherwin-Williams Company
- Tremco Illbruck