Fireproofing Coatings for Wood Market - Forecasts from 2023 to 2028

The fireproofing coatings for wood market was valued at US$0.526 billion in 2021.

Fireproofing Coatings for Wood are specially formulated paints or coatings designed to protect wood surfaces from fire damage. These coatings contain fire-retardant chemicals that slow down or prevent the spread of flames in case of a fire and reduce the risk of fire-related injuries and fatalities. Additionally, fireproofing coatings for wood can help prevent the loss of property and valuable assets by limiting the damage caused by the fire. They are typically used in buildings and structures where wood is used as a structural component or decorative element, such as wooden beams, joists, paneling, or furniture.

The application of fireproofing coatings for wood is relatively simple and involves several steps. First, the surface must be cleaned and prepared properly to ensure the coating adheres to the wood. Next, the fireproofing coating is applied to the wood surface using a spray, brush, or roller. Different types of fireproofing coatings can be applied using different methods depending on the substrate and the desired level of protection. For example, spray-on coatings are commonly used on steel structures and can provide high fire protection.

On the other hand, intumescent paints can be used on wood and other combustible materials to create a fire-resistant barrier. The coating may require multiple coats to achieve the desired level of fire protection. These are not fireproof but fire-retardant.

Key Drivers

Fire safety regulations

Fire safety regulations significantly impact the demand for fireproofing coatings for wood. Many countries have introduced laws requiring buildings to meet specific fire safety standards, which may include fire-resistant materials. For instance, in the United States, the National Fire Protection Association (NFPA) has established a series of codes and standards for fire safety in buildings, including codes that mandate using fire-rated materials in specific areas or applications. These regulations have increased the demand for fireproofing coatings for wood, providing an additional layer of fire protection to wooden structures. By adding this extra layer of protection, buildings can meet the required fire safety standards and reduce the risk of fire-related damage or loss of life. For example, some coatings can also provide improved insulation or soundproofing, contributing to energy efficiency and occupant comfort.

Sustainable and eco-friendly building materials

Sustainable and eco-friendly building materials are becoming increasingly popular due to their low environmental impact and energy efficiency. As a result, the demand for fireproofing coatings for wood has increased significantly in recent years. Sustainable building materials such as cross-laminated timber (CLT) and glue-laminated timber (glulam) are becoming increasingly popular due to their low carbon footprint, renewable nature, and energy efficiency. However, these materials are also highly combustible, which makes them vulnerable to fire hazards. Fireproofing coatings for wood can help mitigate this risk by providing a protective layer that prevents the wood from igniting and spreading fire. These coatings can protect the wood from moisture, insects, and other environmental factors that can cause decay and deterioration over time. As a result, the building materials can last longer, reducing the need for frequent repairs and replacements, which can have a significant environmental impact.

Market Developments:

• In 2022, Sherwin-Williams launched a new water-based fire-resistant coating for wood called Sika® Pyroplast® Wood P for interior use, which forms a carbon char under the effect of heat.

Asia-Pacific is to show notable growth during the projected period.

Asia Pacific is expected to witness the highest growth in the fireproofing coatings for the wood market in the forecast period. The growth of the fireproofing coatings for the wood market in this region is expected to continue in the forecast period, driven by rapid economic growth, urbanization, and infrastructure development, which is driving the demand for high-performance coatings that can provide long-term protection against harsh environmental conditions. Countries such as China, India, and Japan are expected to be the major contributors to the growth of this market in the region. Many regional governments have implemented regulations and initiatives to promote the use of sustainable building materials and reduce the carbon footprint of buildings. As a result, the demand for sustainable and eco-friendly materials, including wood, is increasing, and fireproofing coatings are necessary to ensure their safety and longevity. Furthermore, the growing awareness of environmental issues and the need for energy-efficient buildings also drive the demand for fireproofing coatings for wood in the APAC region.

The North American region accounts for a notable share of the fireproofing coatings for the wood market due to sustainable building practices, stricter building codes, and an increasing number of commercial and residential building projects. Building codes are becoming increasingly stringent, and fire safety regulations are becoming more complex, creating a higher demand for fireproofing coatings. The growth of the fireproofing coatings for the wood market in this region is expected to continue in the forecast period, driven by an increasing number of commercial and residential building projects, driving the demand for high-performance coatings that can provide long-term protection against harsh environmental conditions.

Market Segmentation:

BY APPLICATION

• Interior
• Exterior

BY TECHNOLOGY

• Solvent-based
• Water-based
• Powder-based

BY RESIN TYPE

• Silicone
• Epoxy
• Acrylic
• Vinyl
• Others

BY GEOGRAPHY

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• Germany
• France
• United Kingdom
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Israel
• Others
• Asia Pacific
• China
• India
• South Korea
• Indonesia
• Thailand
• Taiwan
• Others