Fire Protection Coatings Market: Global Key Players, Trends, Sales, Supply, Demand, Application, Share Analysis to 2025
Fire Protection Coatings MarketTo maintain the integrity of steel structures in the event of fire, the fire protection coatings are applied. There are two main types of fire protection coatings namely, intumescent coatings and cementitious coatings. The intumescent coatings are also known as passive fire protection (PFP) coatings.Intumescent coatings expand upon exposure to heat into an insulating protective char that reduces the amount of heat transferred to the steel. PFP coatings protect the equipment and critical structures from threat of hydrocarbon hazards such as fires, spills and explosions and find applications in the petrochemical and oil & gas industries.
Intumescent coatings fall into two categories namely,
Cellulosic fire protection products which are considered for steel components
in buildings. These coatings contain combustible materials derived from
plastics, wood, etc. Hydrocarbon fire protection products are designed for
structures in buildings.
These coatings may be subjected to the combustion of
materials derived from flammable and petroleum materials. Hydrocarbon fire
protection is solvent free epoxy intumescent coating which doesn’t give high
volume of char, but the char which is produced is denser and is able to remain
attached to the steel under highly turbulent fire scenarios.
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Various hazards are being carried
along with the growing industrialization, thereby turning the focus towards
safety and the adoption of fire protection coatings. The growth of income and
the increase in number of construction projects is said to drive the global
fire protection coatings market.The rise in demand of the fire protection
coatings for maintaining the integrity of steel structures, and its demand in
various end-users like building and construction, automotive, aerospace and,
others are the major factors driving the fire protection coatings market. The
growing automotive industries owing to a high demand for automobiles and
increasing disposable income will help drive the market in the coming years.
The stringent government regulations which are implied on
the use of fire protection coatings in various end-users, such as oil & gas
and chemical industries also drive the global fire protection coatings market.
The increase in the number of construction projects and
changing standards for fire safety is anticipated to take the fire protection
coating market towards significant growth. The subsequent environmental impact
and change in climate across the globe will help aid the growth of the paints
and coatings market creating opportunities for business across various
end-users which ultimately creates opportunities for the global fire protection
coatings market.
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The introduction of nanotechnology and advancements in
technology have helped in the development of newer methods, which are
increasing the applications of surface and fire protection coatings creating a
trend for the global fire protection coatings market.
Advancements in technology have also helped in the
development of more efficient fire protection coatings and this is acting as a
growth opportunity for the market. However, the use of fire protection coatings
has some negative impacts on the environment and their wide application in
various end users, may hold the growth of the fire protection coatings market
globally.
Global Fire Protection Coatings Market: Segmentation
by product type |
·
Cementitious
coatings ·
Intumescent
coatings/ Passive fire protection (PFP) o Cellulosic fire protection o Hydrocarbon fire protection |
by
application |
·
Aerospace ·
Oil and
Gas ·
Marine ·
Electrical
and Electronics ·
Automotive
& Transportation ·
Building
and construction ·
Textile ·
Furniture ·
Others |
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Modernization and rapid
industrialization will continue to drive the demand for fire protection
coatings in the developing economies as a result of the adoption of safety
regulations which are already carried out in developed economies.
The fire protection coating is well established in the
Europe and North American market whilst the countries in Asia-Pacific which are
still developing are said to hold second largest market for the fire protection
coating owing to the increase in infrastructural activities and construction
projects.
Examples
of some of the market participants in the global flame retardant fabrics market
are Fire Protection Coatings Limited, Akzo Nobel N.V., Sika Limited, 3M,
Envirograf, Hempel A/S, Rudolf Hensel Gmbh, Pyro-Cote (Pty) Ltd, Dupont, BASF
SE, Kansai Paint Co.Ltd, The Sherwin-Williams Company, Asian Paints Limited,
Diamond Vogel, Chugoku Marine Paints, Ltd And, Others.
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