PUBLISHER: Orion Market Research | PRODUCT CODE: 1215793
PUBLISHER: Orion Market Research | PRODUCT CODE: 1215793
Title:Global Fire Resistant Coatings Market Size, Share & Trends Analysis Report, By Technology (Solvent-Borne Fire Resistant Coatings and Water-Borne Fire Resistant Coatings), By Coating Type (Intumescent Fire Resistant Coatings and Cementitious Fire Resistant Coatings), By Resin Type (Silicon, Epoxy, Acrylic, Vinyl, and Others), By End-User (Building & Construction, Power, Transportation, Oil & Gas, and Others), Forecast Period 2022-2028.
The global fire resistant coatings market is anticipated to grow at a CAGR of 4.5% during the forecast period. The rising demand for fire resistant coating from end-user industries is a key factor driving the growth of the global fire resistant coatings market. The existence of stringent government norms for fire safety in residential and commercial buildings is further contributing to the rising demand for fire resistant coatings.
The global fire resistant coatings market is segmented by technology, coating type, resin type and end-user. The market segmentation based on the technology includes water-borne and solvent-borne. Based on technology, the water-borne segment is anticipated to exhibit considerable growth during the forecast period. The rising demand for green and sustainable products in industries is a key factor driving the growth of this segment. Based on coating type, the market is segmented into intumescent fire resistant coatings and cementitious fire resistant coatings. Based on resin type, the market is segmented into silicon, epoxy, acrylic, vinyl, and others. Based on the end-user industry, the market is segmented into building & construction, power, transportation, oil & gas, and others.
The global fire resistant coatings market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. North America held a considerable share in the global fire resistant coatings market. The construction industry in the US is a key contributor to the high share of the regional market. The significant growth in the shale gas exploration projects is further contributing to the regional market growth.
The major companies serving the global fire resistant coatings market include 3M Co., Akzo Nobel N.V., RPM International Inc., PPG Industries, Inc., and The Sherwin-Williams Company. The companies are focusing on product innovation, technology advancements, expansions, mergers and acquisitions, and finding a new market or innovation in their core competency to expand individual market share.
Research Methodology
The market study of the global fire resistant coatings market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: