Global Passive Fire Protection Coatings Market Size By Type (Intumescent, Cementitious), By Technology (Water-Based, Solvent-Based), By Industry (Building And Construction, Oil And Gas), By Geographic Scope And Forecast

Passive Fire Protection Coatings Market Size And Forecast

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Passive Fire Protection Coatings Market size was valued at USD 4.2 Billion in 2024 and is projected to reach USD 5.8 Billion by 2031, growing at a CAGR of 4.7% during the forecast period 2024-2031.

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A rising number of fire incidents and stringent government regulations regarding fire safety standards are potential drivers for the global Passive Fire Protection Coatings Market. The Global Passive Fire Protection Coatings Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

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Global Passive Fire Protection Coatings Market Definition

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Passive fire protection coating is a layer that keeps the industrial apparatuses safe from fire outbreaks and prevents high-intensity damage. These coatings are applied so that the steel structures used in building & construction can withstand fire and prevent the steel from reaching the critical temperature that may lead it to collapse. These coatings are generally applied in sports stadiums, residential and commercial construction. Fire Protection Coatings are made of different fillers and flame additives, to prevent the rapid spread of fire flames across the surface and control the period of excessive heat.

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In addition, they suppress the production of gases that are produced during the combustion of materials. Excellent fire performance, strength, lightweight, and low installed cost are the important trends and factors that are influencing the market worldwide. Fire Protection Coatings Market is growing at a higher pace due to stringent regulations and the increase in the demand observed in end-use industries such as oil & gas, buildings and construction, automotive, aerospace, electrical & electronics, marine, and many more.

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Fire protection coatings are applied to maintain the integrity of steel structures in the event of a fire. There are two types of fire protection coatings namely intumescent coatings and cementitious coatings. The intumescent coatings are known as passive fire protection (PFP) coatings. Intumescent coatings expand upon exposure to heat into an insulating protective char that reduces the total amount of heat transferred to the steel. PFP coatings protect the equipment and critical structures from the threat of hydrocarbon hazards like fires, spills, and explosions and find applications in the petrochemical and oil & gas industries.

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Cellulosic fire protection products are considered for steel components in buildings. These coatings contain combustible materials derived from plastics and wood. Hydrocarbon fire protection products are mainly designed for structures in buildings. These coatings are subjected to the combustion of materials that are derived from flammable and petroleum materials. Hydrocarbon fire protection is a solvent-free epoxy intumescent coating that doesn’t give a high volume of char, but the char, that is produced is denser and can remain attached to the steel under a high turbulent fire scenario.

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Global Passive Fire Protection Coatings Market Overview

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A rise in the number of fire incidents and stringent government regulations regarding fire safety standards are some of the potential drivers for the global Passive Fire Protection Coatings Market. The increase in the building & construction industry may support the market growth over the forecast period. Apart from this, the availability of cheaper solutions and lack of awareness among consumers may affect the market growth. Moreover, the rising disposable income of an individual provides a lucrative opportunity for the market to grow. Several hazards are carried along with the growing industrialization, thereby turning the focus towards safety and the adoption of fire protection coatings. The growth of income and the increase in the number of construction projects may drive the global market.

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The increase in the number of construction projects and changing standards for fire safety can take the Passive Fire Protection Coatings Market towards significant growth. The subsequent environmental impact and change in climate across the globe help aid the growth of the paints and coatings creating opportunities for business across various end-users, which creates several opportunities for the global market. The rise in demand for fire protection coatings for maintaining the integrity of steel structures and its demand in various end-users like building and construction, automotive, aerospace, and, others are the main factors driving the market. The growing automotive industry is due to the increasing demand for automobiles and increasing disposable income drives the market in the upcoming years.

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The stringent government regulations that are implied on the use of fire protection coatings in various end-users, such as oil & gas and chemical industries are driving the global market. The introduction of nanotechnology and advancements in technology have helped in the development of newer methods, which are increasing the applications of surface and fire protection coatings, which creates a trend factor for the global market. Advancements in technology have helped in developing more efficient fire protection coatings and acted as a growth opportunity for the market. However, using fire protection coatings may have some negative impacts on the environment, and their wide application in various end-users may hold the growth of the market worldwide.

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Global Passive Fire Protection Coatings Market Segmentation Analysis

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The Global Passive Fire Protection Coatings Market is segmented on the basis of Type, Technology, Industry, And Geography.

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Passive Fire Protection Coatings Market, By Type

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• Intumescent
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• Cementitious

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Based on Type, The market is classified into Intumescent and Cementitious. Intumescent coatings are the largest type segment of the Passive Fire Protection Coatings Market, in terms of value. Intumescent coatings require lower maintenance, improve durability, provide longer shelf-life, and also help the corrosion protection of steel structures in buildings.

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Passive Fire Protection Coatings Market, By Technology

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• Water-based
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• Solvent-based

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Based on Technology, The market is classified into Water-based and Solvent-based. Water-based technology is the largest technology segment of the Passive Fire Protection Coatings Market, in terms of both, value and volume.

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Passive Fire Protection Coatings Market, By Industry

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

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Based on Industry, The market is classified into Building & Construction, Oil & Gas, Transportation, and Others. The building & construction segment is expected to be the largest and is also projected to be the fastest-growing segment during the forecast period. The market for passive fire protection coatings in the building & construction industry is growing rapidly due to the implementation of stringent regulations and increasing awareness regarding the safety and security of people and assets.

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Passive Fire Protection Coatings Market, By Geography

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• North America
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• Europe
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• Asia Pacific
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• Rest of the world

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On the basis of Geography, The Global Passive Fire Protection Coatings Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia-growing holds a significant market share attributed to increased demand for fire protection coatings in different industries, such as building, construction, and transportation. Market participants are considering relocating their production bases from North America and Europe to Asia-Pacific because of China’s less stringent rules and requirements for safety and environmental compliance.

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Key Players

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The “Global Passive Fire Protection Coatings Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Promat International, Carboline, Hempel A/S, KANSAI PAINT, Nullifire, Akzo Nobel, PPG Industries, The Sherwin-Williams Company, Teknos Group, and Jotun.

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Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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Key Developments

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• On October 2020, Char-Coat Passive Fire Protection Inc., a company specialized in electrical fire protection and insulation coatings, announced the completion of another successful test for its CharCoat CC Electrical Cable Coating.

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Report Scope

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Research Methodology of Market Research

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Reasons to Purchase this Report

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
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• Provision of market value (USD Billion) data for each segment and sub-segment
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• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
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• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
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• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
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• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
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• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
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• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
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• Provides insight into the market through Value Chain
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• Market dynamics scenario, along with growth opportunities of the market in the years to come
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