Fire Protection Coatings Market Analysis by Application, Segmentation, and Forecast by 2023


Posted August 31, 2018 by harishsomani321

Fire Protection Coatings Market Information by Region (APAC, North America, Europe, Latin America, Middle East & Africa), Application (Automotive, Aerospace, Marine), Type (Passive Fire Protection Coatings), and Forecast to 2023

 
Market Overview:
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. 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.
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Key Competitors:
The prominent players functioning in the Global Fire Protection Coatings Market; 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:
On the basis of geography, the Global Fire Protection Coatings market is segregated into five key regions namely; Asia Pacific, North America, Europe, Latin America and the Middle East & Africa.
Among these, 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.
Market Categorization:
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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Last Updated August 31, 2018