Fire protection coatings are used to prevent the rapid spread of fire flames across the surface and control the period of excessive heat. They are composed of different fillers and flame additives. Also, they suppress the production of gases produced during the combustion of materials. These are mainly involved in reaction-to-fire to retard or inhibit the discharge of flammable materials (wood, foam, textile fabrics, electric cables, and fiber-reinforced composites). In contrast, fire protective coating for resistance-to-fire to protect the non-flammable materials.
The fire protection coatings market has witnessed a significant growth owing to factors such as growing demand in the chemical industry. Moreover, the R&D activity provides a huge market opportunity for the key players operating in the fire protection coatings market. However, relatively high price is projected to hamper the overall growth of the fire protection coatings market.
The “Global Fire Protection Coatings Market Analysis to 2028” is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the fire protection coatings market with detailed market segmentation type, application and geography. The global fire protection coatings market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading fire protection coatings market players and offers key trends and opportunities in the market.
The global fire protection coatings market is segmented on the basis of type and application. On the basis of type, the global fire protection coatings market is divided into passive fire protection coatings and active fire protection coatings. On the basis of application, the global fire protection coatings market is divided into oil & gas, buildings and construction, automotive, aerospace, marine, electrical & electronics, and others.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global fire protection coatings market based on various segments. It also provides market size and forecast estimates from the year 2020to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The fire protection coatings market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
`The report analyzes factors affecting the fire protection coatings market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the fire protection coatings market in these regions.
Impacts of Covid-19 on the Market
The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘fire protection coatings market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of COVID -19 Situation.
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The reports cover key developments in the fire protection coatings market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from fire protection coatings market is anticipated to lucrative growth opportunities in the future with the rising demand for fire protection coatings in the global market. Below mentioned is the list of few companies engaged in the fire protection coatings market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the fire protection coatings market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Akzo Nobel N.V.
- Axalta Coating Systems, LLC
- BASE Coatings
- KANSAI PAINT CO.,LTD
- Nippon Paint Holdings Co.
- RPM International Inc.
- Sika Limited
- The Sherwin-Williams Company
- The Valspar Corporation
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