Passive Fire Protection Coatings Release involving Global Key Players by WMR
Passive Fire Protection Coatings Market
Passive Fire Protection Coatings Market by End-Use Industry (Building & Construction, Oil & Gas, Transportation), Technology (Water-Based, Solvent-Based), by Product (Intumescent, Cementitious) and Region (North America, Asia Pacific, Europe, Latin America, Rest of the World) Market Size, Status and Forecast to 2025
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The global passive fire protection coatings market is projected to reach 4.81 billion by 2025 from an estimated value of 2.74 billion in 2016, growing at a CAGR of 6.7% from 2017 to 2025.
Passive fire protection (PFP) forms an integral component of the three components of structural fire safety and fire protection in a building. It majorly involves construction of fire-resistant walls, floors, and doors (amongst other examples). PFP systems. The growing instances of building catching fire is expected to boost the demand for passive fire protection coatings. The demand for these coating is expected to grow rapidly over the forecast period due to stringent fire regulations and growing product innovation.
1. Market Drivers
1.1 Rise in fire incidents
1.2 Stricter government regulations and fire safety standards
2. Market Restraints
2.1 Availability of cheaper substitutes
2.2 Lack of awareness in developing countries
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The global passive fire protection coatings market is segmented on the basis of process, end use industry, and region.
1. Global Passive Fire Protection Coatings Market, by End Use:
1.1 Building & Construction
1.3 Oil & Gas
2. Global Passive Fire Protection Coatings Market, by Technology:
2.1 Solvent based
2.2 Water based
3. Global Passive Fire Protection CoatingsMarket, by Product:
3.1 Intumescent Coatings
3.2 Cementitious Coatings
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4. Global Acrylic Emulsions Market, by Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Akzo Nobel
2. PPG Industries
3. The Sherwin Williams Company
4. Promat International
6. Hempel A/S
7. Kansai Paints
10. Teknos Group
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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