Fire protection coatings are composed of various fillers and flame additives. These coatings are used to prevent the rapid spread of flames on surfaces and to control periods of extreme heat. Various fire hazards are taking place with increasing industrialization, leading to increased focus on safety and adoption of fireproof coatings. The fire protection coatings market is driven by demand in the marine, automotive, aerospace, building and construction, oil and gas, and electrical and electronics end-use industries.

The report " Fire Protection Coatings Market, By Type (Passive Fire Protection Coatings and Active Fire Protection Coatings) and By Application (Building & Construction, Oil & Gas, Automotive, Aerospace, Marine, Electrical & Electronics, Furniture, Textiles, and Others) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030’’

Key Highlights:

• In February 2023, PPG announced PPG STEELGUARD 951 coating, an epoxy intumescent fire protection coating designed to meet the needs of modern architectural steel, including cellulosic fire protection for up to three hours.
• In July 2021, Hempel announced the launch of the HempaFire Pro range of passive fire protection coatings in Mexico, Central America and the Caribbean.

Analyst View:

Fire protection coating is used to prevent the rapid spread of flames on a surface and to control the duration of excessive heat. The increase in adoption of fire protection coatings over conventional coatings drives the growth of the fire protection coating market. Additionally, increasing awareness of fire safety coating and stringent fire safety rules and regulations is driving the market growth.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Fire Protection Coatings Market, By Type (Passive Fire Protection Coatings and Active Fire Protection Coatings), By Application (Building & Construction, Oil & Gas, Automotive, Aerospace, Marine, Electrical & Electronics, Furniture, Textiles, and Others) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030”

Key Market Insights from the report:

Fire Protection Coatings Market accounted for US$ 2.7 billion in 2020 and is estimated to be US$ 3.8 billion by 2030 and is anticipated to register a CAGR of 3.4%. The Fire Protection Coatings Market is segmented based on Type, Application and Region.

• Based on Type, Fire Protection Coatings Market is segmented into Passive Fire Protection Coatings and Active Fire Protection Coatings.
• Based on Application, Fire Protection Coatings Market is segmented into Building & Construction, Oil & Gas, Automotive, Aerospace, Marine, Electrical & Electronics, Furniture, Textiles, and Others.
• By Region, the Fire Protection Coatings Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Fire Protection Coatings Market:

The prominent players operating in the Fire Protection Coatings Market include PPG industries (U.S.A.), Akzo Nobel N.V. (the Netherlands), Sherwin-Williams Company (U.S.A.), RPM International Inc. (U.S.A.), Nippon Paint Holdings Co.(Japan), Axalta Coating Systems, LLC(U.S.A.),  Valspar Corporation( U.S.A.), BASE Coatings (Germany),  KANSAI PAINT CO.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

• Explains an overview of the product portfolio, including product development, planning, and positioning
• Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
• Detailed analysis of the market revenue over the forecasted period.
• Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
• Study on the segments that are anticipated to dominate the market.
• Study on the regional analysis that is expected to register the highest growth over the forecast period

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