Fire Protection Coatings Market 2018 to 2023 and Global Foresight: Top Global Competitors - PPG industries, Akzo Nobel N.V., BASE Coatings, RPM International Inc., Nippon Paint Holdings Co., Axalta Coating Systems, LLC, KANSAI PAINT CO. LTD.

Summary:

Fire Protection Coatings are composed of different fillers and flame additives. They are used to prevent the rapid spread of fire flames across the surface and control the period of excessive heat. Additionally, they also suppress the production of gases produced during the combustion of materials. Excellent fire performance, strength, lightweight and low installed cost are the important trends and factors influencing the market emphatically.

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It is projected that the Fire Protection Coatings Market is set to grow at a higher CAGR owing to stringent regulations and the growing demand observed in end-use industries such as oil & gas, buildings and construction, automotive, aerospace, electrical & electronics, marine, and others.

The Global Fire Protection Coatings Market has been driven by the rising usage of passive protection coatings due to their low cost and non-combustibility features. A significant growth has been predicted in the market owing to rising demand in the end-use industries.

Intended Audience:

• Fire Protection Coatings Manufacturers
• Traders and Distributors of Fire Protection Coatings
• Production Process Industries
• Potential Investors
• Raw Material Suppliers
• Nationalized Laboratory

Key Global Competitors:

Some of the prominent players functioning in the Global Fire Protection Coatings Market are, PPG industries (U.S.A.), Akzo Nobel N.V. (the Netherlands), The Sherwin-Williams Company (U.S.A.). RPM International Inc. (U.S.A.), Nippon Paint Holdings Co. (Japan), Axalta Coating Systems, LLC (U.S.A.), The Valspar Corporation ( U.S.A.), BASE Coatings (Germany), KANSAI PAINT CO. LTD. (Japan).

Regional Analysis:

The Global Fire Protection Coatings market is segregated into five key regions across the world namely; Asia Pacific, North America, Europe, Latin America and the Middle East & Africa.
The Asia Pacific is predicted to lead the market globally due to rising demand from the heavy end industries such as, oil & gas, paints and coating, marine and others. Europe is also predicted to witness a massive growth in the Fire Protection Coatings market due to their growing use in furniture and construction industries.

The North American and Latin American has recognized a significant development in the market owing to growing demand of steel in various industries.
Moreover, the Middle East & Africa has witnessed a stunted growth in the market due to economic slowdown.

Segmentation:

The Global Fire Protection Coatings Market is segmented into type and application.

On the basis of type, the market is classified into active and passive Fire Protection Coatings. Among these, passive Fire Protection Coatings segment is projected to hold the major share in the market owing to its excellent fire performance, light weight and durability features.

Applications segment further differentiated into oil & gas, buildings and construction, automotive, aerospace, marine, aviation, and others. Among these, buildings and construction is estimated to be the leading segment in this market.

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