Intumescent coatings for fire proofing and spray-applied fire resistive materials are mainly made from chemical systems such as epoxies, polyurethane, alkyd, among others and are capable of generally forming both thin as well as thick coatings. These materials generally able to protect substrates such as steel, wood, composite materials, among others. They are generally used in building and construction, industries, aerospace, among others where the risk of fire is significantly higher.
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Global Intumescent Coatings for Fire Proofing and Spray Applied Fire Resistive Materials Market is expected to reach USD 2,524,336.06 thousand by 2028 from USD 182,708.79 thousand in 2020 growing with a substantial CAGR of 5.1% in the forecast period of 2021 to 2028. Intumescent coatings for fire proofing and spray applied fire resistive materials are polymeric systems dispersed in various systems such as solvents, water or powders, among others and are considered one of the most advanced and flexible methods to fire proof various structures. Some of the significant drivers associated with the global intumescent coatings for fire proofing and spray applied fire resistive materials market are the growing number of fire incidents across the world and favorable regulations and emphasis on fire.
The overall improvement in the fire-proofing technology across the world will drive the market's growth rate
The opportunities for the intumescent coatings for fire proofing and spray applied fire resistive materials market are the improvement in the technology of overall fire proofing and the growing preference for lightweight fire proofing and resistive materials in the building & construction industry. However, the global intumescent coatings for fire proofing and spray applied fire resistive materials market face several challenges such as lack of awareness and non-compliance to the regulations in the emerging markets and concerns related to the coating application and durability.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2021 to 2028
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Base Year
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2020
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Historic Years
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2019 (Customizable to 2013 - 2018)
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Quantitative Units
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Revenue in USD Thousand, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Intumescent Coatings For Fire Proofing and Spray Applied Fire Resistive Materials Materials), Type (Thick-Film And Thin-Film), Resin (Epoxy, Acrylic, Alkyd, Polyurethane, And Others), Substrate (Structural Cast Iron and Cast Iron, Wood, Composite Elements, Others), Technology (Epoxy Based, Water Based, Solvent Based, And Powder Based), Application (Hydrocarbon and Cellulosic), End-User (Building and Constructions, Oil and Gas, Industrial, Automotive, Aerospace and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Jotun (Norway), PPG Industries, Inc. (U.S.), Akzo Nobel N.V. (Netherlands), The Sherwin-Williams Company (U.S.), Hempel A/S (Denmark), 3M (U.S.), GCP Applied Technologies Inc. (U.S.), MBCC Group (Germany), No-Burn, Inc. (U.S.), Contego International Inc. (U.S.), Teknos Group (Finland), Carboline (U.S.), Arabian Vermiculite Industries (Saudi Arabia), Sika AG (Switzerland), Etex Group (Belgium), Albi Protective Coatings (U.S.), Rudolf Hensel GmbH (Germany), and Isolatek International (U.S.) among others.
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand
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Segment Analysis:
Global intumescent coatings for fire proofing and spray applied fire resistive materials market is segmented into seven notable segments which are based on the product type, type, resin, substrate, technology, application and end-user.
- On the basis of product type, the global intumescent coatings for fire proofing and spray applied fire resistive materials market is segmented into intumescent coatings for fire proofing and spray applied fire resistive materials. In 2021, the intumescent coatings for fire proofing segment is expected to dominate the global intumescent coatings for fire proofing and spray applied fire resistive materials market with 63.87% market share because of the huge adoption of intumescent coatings for fire proofing in new construction projects. Further, it is also used for the maintenance of old projects such as residential as well as commercial buildings.
- On the basis of type, the global intumescent coatings for fire proofing and spray applied fire resistive materials market is segmented into thick-film and thin-film. In 2021, the thick-film segment is expected to dominate the global intumescent coatings for fire proofing and spray applied fire resistive materials market with 67.52% market share because such type of fireproofing coating is usually epoxy based which has higher dry film thickness compared to the thin film, thus further boosting the demand for thick-film in the forecast year.
- On the basis of resins, the global intumescent coatings for fire proofing and spray applied fire resistive materials market is segmented into epoxy, acrylic, alkyd, polyurethane and others. In 2021, the epoxy segment is expected to dominate the global intumescent coatings for fire proofing and spray applied fire resistive materials market with 38.26% market share because the epoxy based resin has high corrosion resistance. As a result, it is not affected by water as well as heat as compared to other resins, which helps to boost its demand in the forecast year.
- On the basis of substrate, the global intumescent coatings for fire proofing and spray applied fire resistive materials market is segmented into structural steel & cast iron, wood, composite elements and others. In 2021, the structural steel & cast iron segment is expected to dominate the global intumescent coatings for fire proofing and spray applied fire resistive materials market with 34.02% market share and is expected to reach USD 911,357.99 thousand by 2028 growing with the highest CAGR of 6.0% in the forecast period of 2021 to 2028.
- On the basis of technology, the global intumescent coatings for fire proofing and spray applied fire resistive materials market is segmented into epoxy based, water based, solvent based and powder based. In 2021, the epoxy based segment is expected to dominate the global intumescent coatings for fire proofing and spray applied fire resistive materials market with 39.99% market share due to their rigidity and excellent load-bearing capabilities. This also helps to boost the demand for intumescent coatings for applications on structural steel & cast iron substrates in the forecast year.
- On the basis of application, the global intumescent coatings for fire proofing and spray applied fire resistive materials market is segmented into hydrocarbons and cellulosic. In 2021, the hydrocarbons segment is expected to dominate the global intumescent coatings for fire proofing and spray applied fire resistive materials market with 52.07% market share because coatings that offer protection against hydrocarbon fires are effective as well as efficient passive fire protection of steel structures also in high-risk environment such as offshore platforms and petrochemical plants. This helps to boost its demand in the forecast year.
The hydrocarbons segment will dominate the application segment of the intumescent coatings for fire proofing and spray applied fire resistive materials market
The hydrocarbons segment will emerge as the dominating segment application segment. This is because of the growing demand for hydrocarbons especially in the developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.
- On the basis of end user, global intumescent coatings for fire proofing and spray applied fire resistive materials market is segmented into building & construction, oil & gas, industrial, automotive, aerospace and others. In 2021, the building & construction segment is expected to dominate the global intumescent coatings for fire proofing and spray applied fire resistive materials market with 30.29% market share because the fireproofing coating is commonly used in the construction of residential as well as commercial buildings in order to restrict fire. This helps to boost its demand in the forecast year.
The building & construction segment will dominate the end user segment of the intumescent coatings for fire proofing and spray applied fire resistive materials market
The building & construction segment will emerge as the dominating segment under end user. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the chemicals and materials industry all around the globe will further bolster the growth of this segment.
Major Players
Data Bridge Market Research recognizes the following companies as the market players in surface disinfectants market: Jotun (Norway), PPG Industries, Inc. (U.S.), Akzo Nobel N.V. (Netherlands), The Sherwin-Williams Company (U.S.), Hempel A/S (Denmark), 3M (U.S.), GCP Applied Technologies Inc. (U.S.), and Isolatek International (U.S.).
Market Development
- In June 2021, Carboline announced that it is acquiring Dudick Inc., a prominent leader of high-performance coatings worldwide. The company expects to diversify its product portfolio and expand its overall business with this acquisition.
- In June 2019, GCP Applied Technologies Inc. was honored with Women on Boards award for achieving at least 20% women's representation on the company board. Women on Boards are a collective that works to spread awareness and momentum towards ensuring ample women participation in public company boards. The company expects this award to improve its goodwill and help it to achieve a name among its competitors.
Regional Analysis
Geographically, the countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in intumescent coatings for fire proofing and spray applied fire resistive materials market during the forecast period 2021 to 2028
Asia-Pacific dominates the intumescent coatings for fire proofing and spray applied fire resistive materials market due to the large population that creates an extensive market presence and demand from the construction and automotive industries.
North America is estimated to be the fastest-growing region in intumescent coatings for fire proofing and spray applied fire resistive materials market the forecast period 2021 to 2028
During the projected forecast period, North America is anticipated to be the fastest developing region. U.S. is dominating in the North American region due to growth in the aerospace and oil and gas industry.
COVID-19 Impact
Following to the COVID-19 epidemic, which caused numerous industrial centres and factories to close globally, there has been a major decrease in demand for raw materials and active chemicals. There has been a mismatch between supply and demand because of several factories operating at lower capacity or possibly shutting down. However, growing number of relaxations post pandemic will carve the way for market growth.
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