Passive Fire Protection Coating Market Report: Trends, Forecast and Competitive Analysis to 2030

Passive Fire Protection Coating Trends and Forecast

The future of the global passive fire protection coating market looks promising with opportunities in the building & construction, oil & gas, and transportation markets. The global passive fire protection coating market is expected to reach an estimated $5.5 billion by 2030 with a CAGR of 3.8% from 2024 to 2030. The major drivers for this market are increasing steel usage in construction and building projects, rise in fire incidents, and strict governmental guidelines and fire safety requirements.

A more than 150-page report is developed to help in your business decisions.

Passive Fire Protection Coating by Segment

The study includes a forecast for the global passive fire protection coating by type, technology, end use, and region.

Passive Fire Protection Coating Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Intumescent
• Cementitious

Passive Fire Protection Coating Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• Water-Based
• Solvent-Based

Passive Fire Protection Coating Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Building & Construction
• Oil & Gas
• Transportation
• Others

Passive Fire Protection Coating Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Passive Fire Protection Coating Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies passive fire protection coating companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the passive fire protection coating companies profiled in this report include-

• Akzo Nobel
• PPG
• The Sherwin-Williams Company
• Promat International
• Carboline
• Hempel
• KANSAI PAINT
• Nullifire
• Jotun
• Teknos Group

Passive Fire Protection Coating Market Insights

Lucintel forecasts that intumescent will remain the larger segment over the forecast period because it minimizes maintenance requirements, increase durability, extend shelf life, and aid in preventing corrosion in steel building structures.

APAC is expected to witness highest growth over the forecast period due to the increased usage of passive fire protection coatings in a variety of sectors, the expanding middle-class population and higher standards of living are predicted to result in a growth in the demand for fire protection coatings.

Features of the Global Passive Fire Protection Coating Market

Market Size Estimates: Passive fire protection coating market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Passive fire protection coating market size by type, technology, end use, and region in terms of value ($B).

Regional Analysis: Passive fire protection coating market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, technology, end use, and regions for the passive fire protection coating market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the passive fire protection coating market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the passive fire protection coating market size?

Answer: The global passive fire protection coating market is expected to reach an estimated $5.5 billion by 2030.

Q2. What is the growth forecast for passive fire protection coating market?

Answer: The global passive fire protection coating market is expected to grow with a CAGR of 3.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the passive fire protection coating market?

Answer: The major drivers for this market are increasing steel usage in construction and building projects, rise in fire incidents, and strict governmental guidelines and fire safety requirements.

Q4. What are the major segments for passive fire protection coating market?

Answer: The future of the global passive fire protection coating market looks promising with opportunities in the building & construction, oil & gas, and transportation markets.

Q5. Who are the key passive fire protection coating market companies?

Answer: Some of the key passive fire protection coating companies are as follows.

• Akzo Nobel
• PPG
• The Sherwin-Williams Company
• Promat International
• Carboline
• Hempel
• KANSAI PAINT
• Nullifire
• Jotun
• Teknos Group

Q6. Which passive fire protection coating market segment will be the largest in future?

Answer: Lucintel forecasts that intumescent will remain the larger segment over the forecast period because it minimizes maintenance requirements, increase durability, extend shelf life, and aid in preventing corrosion in steel building structures.

Q7. In passive fire protection coating market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to the increased usage of passive fire protection coatings in a variety of sectors, the expanding middle-class population and higher standards of living are predicted to result in a growth in the demand for fire protection coatings.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the passive fire protection coating market by type (intumescent and cementitious), technology (water-based and solvent-based), end use (building & construction, oil & gas, transportation, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?