Asia-Pacific Intumescent Coatings for Fireproofing and Spray-Applied Fire-Resistive Materials Market, By 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, and 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) - Industry Trends and Forecast to 2023 to 2030.
Asia-Pacific Intumescent Coatings for Fireproofing and Spray-Applied Fire-Resistive Materials Market Analysis and Size
The essential factors contributing to the growth of the Asia-Pacific intumescent coatings for fireproofing and spray-applied fire-resistive materials market in the forecast period of 2023 to 2030 include stringent building codes and regulations, rise in high-rise buildings, and growth in construction and infrastructure sector. Intumescent coatings for fireproofing and spray-applied fire-resistive materials are mainly made from chemical systems such as epoxies, polyurethane, alkyd, among others, and can generally form both thin as well as thick coatings. These materials are 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.
Data Bridge Market Research analyses that the Asia-Pacific intumescent coatings for fireproofing and spray-applied fire-resistive materials market which was USD 842.16 million in 2022, is expected to reach USD 1,282.74 million by 2030, growing at a CAGR of 5.8% during the forecast period of 2023 to 2030. 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.
Asia-Pacific Intumescent Coatings for Fireproofing and Spray-Applied Fire-Resistive Materials Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, 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, and 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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Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific
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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 (a subsidiary of RPM International Inc.) (U.S.), Arabian Vermiculite Industries (Saudi Arabia), Sika AG (Switzerland), Etex Group (Belgium), Albi Protective Coatings (U.S.), Flame Control (U.S.), CPG EUROPE (U.K.) Rudolf Hensel GmbH (Germany), and Isolatek International (U.S.)
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Market Opportunities
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Market Definition
Intumescent coatings for fireproofing and spray-applied fire-resistive materials are polymeric partial fire protection systems that are used to preserve the structural integrity of substrates in the incident of a fire. Such intumescent coatings for fireproofing and spray-applied fire-resistive materials could react to heat and form chars that could control the spread of fire for a short time verifying between 15-120 minutes so that people could be brought to safety by fire and safety officials in the incident of a fire.
Asia-Pacific Intumescent Coatings for Fireproofing and Spray-Applied Fire-Resistive Materials Market Dynamics
Drivers
- Stringent Building Codes and Regulations
Governments and building codes worldwide require the use of passive fire protection systems to enhance fire safety in buildings. Compliance with these regulations is a primary driver for the market. Concerns about the safety of occupants and potential liability issues in case of fire-related accidents compel property owners, architects, and construction professionals to invest in effective fire protection measures.
- Growth in Construction and Infrastructure Sector
The Asia-Pacific construction industry continues to grow, creating a demand for fire-resistant materials in both new construction and renovation projects. The construction of high-rise buildings and skyscrapers in urban areas drives the need for advanced fire protection measures, including intumescent coatings and SFRMs.
Opportunity
- Advancement in Materials and Technology
Ongoing advancements in material science and technology have led to the development of more effective and environmentally friendly intumescent coatings and SFRMs, driving innovation in the market. Moreover, Intumescent coatings and SFRMs can contribute to energy efficiency by reducing heat transfer, which can be particularly beneficial in regions with extreme temperatures.
Restraints/Challenges
- High Initial and Upfront Costs
Intumescent coatings and SFRMs can be more expensive upfront compared to traditional non-fire-resistant materials. This can deter some construction projects from investing in fire protection solutions, especially in cost-sensitive markets.
- Limited Durability in Harsh Environments
In corrosive or aggressive environments, intumescent coatings and SFRMs may degrade more rapidly, requiring more frequent maintenance and replacement. In addition, some intumescent coatings and SFRMs may contain chemicals or materials that raise environmental and health concerns. There is a growing demand for eco-friendly and low-VOC (volatile organic compounds) fire protection solutions.
This Asia-Pacific intumescent coatings for fireproofing and spray-applied fire-resistive materials market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Asia-Pacific intumescent coatings for fireproofing and spray-applied fire-resistive materials market, contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In June 2023, Jotun announced the completion of major expansion of its Asia-Pacific Intumescent R&D Laboratory to advance new product innovation and technologies. This expansion more than doubles the size of the Intumescent R&D facility, aiming to increase Jotun’s product development and fire testing capacity and capabilities. The new facilities will accelerate the development of new innovations and more advanced products, whilst providing additional certification support to Jotun’s existing product range
Asia-Pacific Intumescent Coatings for Fireproofing and Spray-Applied Fire-Resistive Materials Market Scope
The Asia-Pacific intumescent coatings for fireproofing and spray-applied fire-resistive materials market is segmented on the basis of product type, type, resin, substrate, technology, application, and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Intumescent Coatings For Fire Proofing
- Spray Applied Fire Resistive Materials
Type
- Thick-Film
- Thin-Film
Resin
- Epoxy
- Acrylic
- Alkyd
- Polyurethane
- Others
Substrate
- Structural Cast Iron
- Cast Iron
- Wood
- Composite Elements
- Others
Technology
- Epoxy Based
- Water Based
- Solvent Based
- Powder Based
Application
- Hydrocarbon
- Cellulosic
End-User
- Building and Constructions
- Oil And Gas
- Industrial
- Automotive
- Aerospace
- Others
Asia-Pacific Intumescent Coatings for Fireproofing and Spray-Applied Fire-Resistive Materials Market Regional Analysis/Insights
The Asia-Pacific intumescent coatings for fireproofing and spray-applied fire-resistive materials market is analysed and market size insights and trends are provided by product type, type, resin, substrate, technology, application, and end-user as referenced above.
The countries covered in the Asia-Pacific intumescent coatings for fireproofing and spray-applied fire-resistive materials market report are Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific
China is expected to dominate the intumescent coatings for fireproofing, and spray-applied fire-resistive materials market due to the production, import, and consumption of intumescent coatings for fireproofing and spray-applied fire-resistive materials is increasing in the country. India is the fastest growing country in the region due to growing construction and building activities in the country
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Intumescent Coatings for Fireproofing and Spray-Applied Fire-Resistive Materials Market Share Analysis
The Asia-Pacific intumescent coatings for fireproofing and spray-applied fire-resistive materials market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to Asia-Pacific intumescent coatings for fireproofing and spray-applied fire-resistive materials market.
Some of the major players operating in the Asia-Pacific intumescent coatings for fireproofing and spray-applied fire-resistive materials market are:
- 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 (a subsidiary of RPM International Inc.) (U.S.)
- Arabian Vermiculite Industries (Saudi Arabia)
- Sika AG (Switzerland)
- Etex Group (Belgium)
- Albi Protective Coatings (U.S.)
- Flame Control (U.S.)
- CPG EUROPE (U.K.)
- Rudolf Hensel GmbH (Germany)
- Isolatek International (U.S.)
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