Fire-resistant Coatings Market Share is anticipated to reach of USD 1065.40 million, Growth, Industry Trends, Key Players Statistics and Regional Forecast to 2029

Fire-resistant Coatings Market Overview:

Fire retardant coatings work on the basis of the ability to suppress the production of gases produced at the time of combustion process. Additionally, fire retardant coatings required relatively low maintenance cost - this is one of the superior property of fire retardant coatings for gaining acceptance in several end use industries.

The global Fire-resistant Coatings market is expected to grow at a CAGR of 3%, reaching a market share of USD 1065.40 million by 2029, up from USD 975 million in 2020.

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Fire-resistant Coatings Market Key Players

The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are AkzoNobel N.V., PPG Industries, Jotun, Sherwin-Williams, Hempel, RPM International, Sika, ETEX group, Kansai Paints and Teknos and Others

Recent Development

In May 2020, Hempel A/s has begun the construction of a new factory in Yantai Chemical Industrial Park, China. The plant will have a production capacity of more than 100,000 tons per year and will be inaugurated by 2021.
In December 2019, The Sherwin-Williams Company announced the opening of a new 4,200-square-feet store in Alexandria Bay, New York, US.
In July 2019, The Sherwin-Williams Company opened a new store in Florida, US.
In September 2020, Etex Group had acquired the UK-based passive fire protection company named FSi Limited, having a production facility in Measham, East Midlands, and a distribution center in London.
In August 2019, The Sherwin-Williams Company acquired the business and assets of Dresdner Lackfabrik Novatic (Germany) in Germany, Poland, and the Czech Republic.
In May 2019, Teknos Group acquired the Czech Republic-based Finnproduct, a distributor, to expand its customer base to the domestic market

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Fire-resistant Coatings Market Segmentation:

Global Fire-Resistant Coating Market by Type, 2020-2029, (USD Million) (Kilotons)

Intumescent
Cementitious

Global Fire-Resistant Coating Market by Technology, 2020-2029, (USD Million) (Kilotons)

Water-Borne
Solvent-Borne

Global Fire-Resistant Coating Market by Substrate, 2020-2029, (USD Million) (Kilotons)

Spray
Brush & Roller
Mobile IOS Native

Global Fire-Resistant Coating Market by Application Technique, 2020-2029, (USD Million) (Kilotons)

Building & Construction
Industrial
Aerospace
Others

Growth Factors:

Increasing demand from the Fire-resistant Coatings industries
The growing use of Fire-resistant Coatings in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Fire-resistant Coatings Market

Fire-resistant Coatings Market Regional Analysis

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering

North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Key Fire-resistant Coatings Market Trends

- The report identifies, determines, and forecasts the Global Fire-resistant Coatings Market segments based on their type, sub-type, technology used, applications, end-users, and regions.

- Industry to Industry Holds Largest Share in the Fire-resistant Coatings Market

- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.

- Demand from Regional / geographical is expected to drive the Growth

- Rising Adoption of Market Segments in the Fire-resistant Coatings Growth

- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Fire-resistant Coatings Market.

Frequently Asked Questions

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