Download Free Sample
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Fireproofing Coatings Market size was valued at US$ 8,736.9 million in 2023 and is anticipated to grow at a CAGR of 5.8 % over 2024-2030. Fireproofing coatings are specialized materials applied to surfaces, such as walls, ceilings, columns, steel structures, and other building components, to enhance their fire resistance. The primary purpose of fireproofing coatings is to delay or prevent the spread of fire, minimize heat transfer, and protect structural elements and building occupants in the event of a fire. These coatings are commonly used in industrial facilities, commercial buildings, high-rise structures, and other places where fire safety is a significant concern. Stringent building codes and regulations play a pivotal role in driving the demand for fireproofing coatings in the construction industry. These codes mandate specific fire safety standards for both structural and non-structural elements of buildings. To comply with these regulations, builders and developers are compelled to incorporate fire-resistant materials and coatings into their construction projects. Fireproofing coatings offer a reliable and cost-effective solution to enhance the fire resistance of structural components, such as steel beams and columns, as well as non-structural elements like walls and ceilings. As compliance with these codes is non-negotiable, the demand for fireproofing coatings remains robust, ensuring that buildings meet rigorous fire safety standards.
Moreover, the increased awareness of fire safety is a significant driver for the revenue growth of the fireproofing coatings market. As people become more aware of the devastating consequences of fires in both residential and industrial settings, there is a heightened emphasis on proactive fire safety measures. This awareness leads to greater demand for fireproofing coatings as a critical component of fire protection strategies. Individuals, businesses, and industries recognize the importance of investing in fire-resistant materials to safeguard lives, property, and assets. As a result, the fireproofing coatings market experiences increased demand as stakeholders prioritize fire safety. However, negative impacts on the environment may hamper market growth. In addition, advancements in technologies provide huge growth opportunities for market growth. Key market players are developing innovative solutions to further contribute to the growth of the fireproofing coatings market. For instance, in February 2023, PPG launched an innovative epoxy intumescent fire protection coating, PPG STEELGUARD 951 fire protection coating for the architectural market.
Study Period
2024-2030Base Year
2023CAGR
5.8%Largest Market
North AmericaFastest Growing Market
Asia Pacific
The oil and gas industry highly requires fireproofing coatings because they are exposed to high-temperature during horizontal drilling and refining. This drives the acceptance of coatings in this industry to protect steel and metal construction activities. They are also used in offshore and onshore applications and petroleum processing facilities to protect the steel structures from combustion during the combustion of hydrocarbon fuels such as methane, oil, liquefied petroleum gas (LPG), and liquified natural gas (LNG).
North America accounted for larger revenue share in global fireproofing coatings market with a CAGR of XX% and is expected to grow over the forecast years owing to the rising number of deaths owing to fire accidents. Increasing construction & renovation activities in U.S and Canada supported by rapid urbanization trends is likely to support demand. They are widely utilized in fire protection of structural steel, wood, and other components. Changing consumer perceptions on safety is likely to increase product penetration in residential construction which should boost the market. Asia Pacific held substantial market share during predicted period owing to considerable rise in commercial infrastructure, industrial buildings, and road and railway networks. Also, the oil and gas industry in the region is growing due to the rising demand for energy and petrochemicals.
Latin America
Europe
Asia Pacific
Middle East
North America
|
Report Benchmarks |
Details |
|
Report Study Period |
2024-2030 |
|
Market Size in 2023 |
US$ 8,736.9 million |
|
Market CAGR |
5.8% |
|
By Type |
|
|
By Application |
|
|
By Region |
|
Download Free Sample Report
The fireproofing coatings market size was valued at US$ 8,736.9 million in 2023
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
The fireproofing coatings market key players are: 3M, Akzonobel, Altana Group, Axalta, Basf Coating, Betek, Brillux, Dai Nippon Toryo
| 1.Executive Summary |
| 2.Global Fireproofing Coatings Market Introduction |
| 2.1.Global Fireproofing Coatings Market - Taxonomy |
| 2.2.Global Fireproofing Coatings Market - Definitions |
| 2.2.1.Type |
| 2.2.2.Application |
| 2.2.3.Region |
| 3.Global Fireproofing Coatings Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Fireproofing Coatings Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Fireproofing Coatings Market By Type , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Water-Based Coatings |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Solvent-Borne Coatings |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Oil-Based Coatings |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6.Global Fireproofing Coatings Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Construction |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Oil and Gas |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Textile |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7.Global Fireproofing Coatings Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Fireproofing Coatings Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Water-Based Coatings |
| 8.1.2.Solvent-Borne Coatings |
| 8.1.3.Oil-Based Coatings |
| 8.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Construction |
| 8.2.2.Oil and Gas |
| 8.2.3.Textile |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Fireproofing Coatings Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Water-Based Coatings |
| 9.1.2.Solvent-Borne Coatings |
| 9.1.3.Oil-Based Coatings |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Construction |
| 9.2.2.Oil and Gas |
| 9.2.3.Textile |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 10.Asia Pacific (APAC) Fireproofing Coatings Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Water-Based Coatings |
| 10.1.2.Solvent-Borne Coatings |
| 10.1.3.Oil-Based Coatings |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Construction |
| 10.2.2.Oil and Gas |
| 10.2.3.Textile |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Fireproofing Coatings Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Water-Based Coatings |
| 11.1.2.Solvent-Borne Coatings |
| 11.1.3.Oil-Based Coatings |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Construction |
| 11.2.2.Oil and Gas |
| 11.2.3.Textile |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Fireproofing Coatings Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Water-Based Coatings |
| 12.1.2.Solvent-Borne Coatings |
| 12.1.3.Oil-Based Coatings |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Construction |
| 12.2.2.Oil and Gas |
| 12.2.3.Textile |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.3M |
| 13.2.2.Akzonobel |
| 13.2.3.Altana Group |
| 13.2.4.Axalta |
| 13.2.5.Basf Coating |
| 13.2.6.Betek |
| 13.2.7.Brillux |
| 13.2.8.Dai Nippon Toryo |
| 13.2.9.DAW |
| 13.2.10.Dulux Group |
| 13.2.11.Hempel |
| 13.2.12.Kansai Paint |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.