Fireproof Coating Market Trends and Forecast
The future of the global fireproof coating market looks promising with opportunities in the building & construction, oil & gas, and transportation markets. The global fireproof coating market is expected to grow with a CAGR of 4.3% from 2024 to 2030. The major drivers for this market are increasing awareness and enforcement of fire safety regulations and rising incidents of fire hazards driving demand for preventive measures.
• Lucintel forecasts that steel structure fireproof coating is expected to witness the highest growth over the forecast period.
• Within this market, building & construction is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Fireproof Coating Market
• United States: Sherwin-Williams announced the launch of a new fireproof roof coating with enhanced durability and fire resistance, targeting commercial and industrial buildings prone to fire hazards.
• United Kingdom: AkzoNobel introduced a fireproof coating for roofs and structural steel, meeting stringent fire safety standards in construction projects across the UK.
• Australia: DuluxGroup partnered with local builders to promote fireproof roof coatings as part of bushfire-resistant building solutions, aiming to enhance resilience in high-risk fire zones.
• Japan: Kansai Paint developed a fireproof roof coating incorporating nanotechnology for superior heat resistance and insulation properties, catering to the residential and commercial sectors.
• Brazil: Tintas Coral launched a fireproof roof coating designed to withstand extreme heat and weather conditions, supporting sustainable construction practices in urban areas prone to wildfires.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Fireproof Coating Market by Segment
The study includes a forecast for the global fireproof coating market by type, application, and region.
Fireproof Coating Market by Type [Value from 2018 to 2030]:
• Steel Structure Fireproof Coating
• Finished Fire Retardant Coating
• Cable Fire Retardant Coating
• Others
Fireproof Coating Market by Application [Value from 2018 to 2030]:
• Building & Construction
• Oil & Gas
• Transportation
• Others
Fireproof Coating Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Fireproof Coating Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies fireproof coating companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the fireproof coating companies profiled in this report include-
• Envirograf
• Adfire
• Metacaulk
• PFC Corofil
• International Fireproof Technology
• PPG Industries
• Akzo Nobel
• The Sherwin-Williams Company
• Jotun
• Contego International
Recent Development in the Fireproof Coating Market
• PPG introduced a new fireproof roof coating that incorporates intumescent technology, expanding its portfolio to enhance fire protection for commercial and industrial buildings.
• Jotun developed a fire-resistant coating for roofs and facades, emphasizing durability and aesthetic appeal in high-risk fire zones globally.
• BASF launched a fireproof roof coating with enhanced sustainability features, including low VOC emissions and high thermal resistance, supporting green building initiatives.
• SKK introduced a fireproof roof coating system tailored for seismic-prone regions, combining fire resistance with structural reinforcement for enhanced building safety and resilience.
Features of the Global Fireproof Coating Market
Market Size Estimates: Fireproof coating market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Fireproof coating market size by type, application, and region in terms of value ($B).
Regional Analysis: Fireproof coating market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the fireproof coating market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the fireproof coating market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for fireproof coating market?
Answer: The global fireproof coating market is expected to grow with a CAGR of 4.3% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the fireproof coating market?
Answer: The major drivers for this market are increasing awareness and enforcement of fire safety regulations and rising incidents of fire hazards driving demand for preventive measures.
Q3. What are the major segments for fireproof coating market?
Answer: The future of the fireproof coating market looks promising with opportunities in the building & construction, oil & gas, and transportation markets.
Q4. Who are the key fireproof coating market companies?
Answer: Some of the key fireproof coating companies are as follows:
• Envirograf
• Adfire
• Metacaulk
• PFC Corofil
• International Fireproof Technology
• PPG Industries
• Akzo Nobel
• The Sherwin-Williams Company
• Jotun
• Contego International
Q5. Which fireproof coating market segment will be the largest in future?
Answer: Lucintel forecasts that steel structure fireproof coating is expected to witness the highest growth over the forecast period.
Q6. In fireproof coating market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the fireproof coating market by type (steel structure fireproof coating, finished fire retardant coating, cable fire retardant coating, and others), application (building & construction, oil & gas, transportation, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Fireproof Coating Market Market, Fireproof Coating Market Market Size, Fireproof Coating Market Market Growth, Fireproof Coating Market Market Analysis, Fireproof Coating Market Market Report, Fireproof Coating Market Market Share, Fireproof Coating Market Market Trends, Fireproof Coating Market Market Forecast, Fireproof Coating Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.