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 - Trends, Analysis and Forecast till 2030

Fire Protection Coatings Market accounted for USD 2.7 Billion in 2020 and is estimated to be USD 3.8 Billion by 2030 and is anticipated to register a CAGR of 3.4%. 

A fire protection coating is a protective Enclosure applied to an industrial elements to prevent damage and maintain the integrity of steel structures in case of fire. Fire protection coating is divided in to two main type first, intumescent coatings and cementitious coatings. The intumescent coatings are called as passive fire protection coatings. Insulating protective coatings expand after exposure to heat, reducing the amount of heat transferred to the steel. Passive fire protection coatings this coating is protect equipment and critical structures from Intimidation of hydrocarbon hazards such as fires, spills and explosions and this coating is used in  petrochemical and oil & gas industries. Various hazards are being carried along with increasing industrialization, leading to increased focus on safety and adoption of fire protection coatings. Growth in income and increase in the number of construction projects drive the fire protection coatings market.

Increasing number of fire accidents, overall the globe is expected to drive the market. According to National Fire Protection Association, in United States, Local fire departments responded to 1,338,500 fires in 2020. These fires caused 3,500 civilian deaths, 15,200 civilian injuries and $21.9 billion in property damage, which supports the growth of market.

Further, increasing demand for fire protection coatings to maintain the integrity of steel structures and demand from various end-users such as building and construction, automotive, aerospace, and others are the major factors driving the fire protection coatings market. The intumescent fireproofing industry is growing and has already created a buzz in the market. However, there are some drawbacks associated with these paints UV exposure, operational heat, and work area humidity are three major factors that affect the performance of intumescent.

Fire Protection Coatings Market is segmented based on Type, Application and Region.

On the basis of type, the Fire Protection Coatings Market is segmented into Passive Fire Protection Coatings and Active Fire Protection Coating. On the basis of application, Global Fire Protection Market is classified into Building & Construction, Oil & Gas, Automotive, Aerospace, Marine, Electrical & Electronics, Furniture, Textiles, and Others.

On region the Fire Protection Coatings Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the market for fire prevention systems in 2021, contributing more than 35.0% of worldwide revenue. This can be attributed to the increasing demand for intelligent houses and smart buildings, which deliver optimum safety. Furthermore. North America has a strong presence of fire protection system manufacturers such as Raytheon Technology Corporation; GENTEX Corporation; and Honeywell International Inc. These companies are actively involved in spreading awareness about fire protection systems through marketing programs.

Fire Protection Coatings Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the Fire Protection Coatings Market report based on type, application, and region:

Fire Protection Coatings Market, By Type:

• Passive Fire Protection Coatings
• Active Fire Protection Coatings

Fire Protection Coatings Market, By Application:

• Building & Construction
• Oil & Gas
•  Automotive
•  Aerospace
•  Marine
• Electrical & Electronics
•  Furniture
• Textiles
• Others

Fire Protection Coatings Market, By Region:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

The key players operating the Fire Protection Coatings Market includes 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. Sherwin-Williams company, Intumescent coatings provide critical passive fire protection, cryogenic leak protection and corrosion protection for the design life of the steel property – providing up to four hours of fire protection on steel depending on the solution you choose – for exposed structural steel with the added benefit of an aesthetically-pleasing finish.

In April 2022, Sherwin-Williams Completes Acquisition of European Industrial Coatings Business of Sika Fire safety coating systems for protecting and preserving steel, timber and concrete building components. Sika's industrial coatings business is based in Germany with additional sales and technical support in Poland, Austria and Switzerland.

• 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