According to a new market research report published by Global Insight Services” Fire-resistant Coatings Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Fire-resistant coatings are special coatings that are applied to materials in order to make them more resistant to fire. These coatings are typically made from chemicals that are designed to slow down or prevent the spread of fire. They may also contain ingredients that help to cool the material down, which can help to prevent fires from starting in the first place. Fire-resistant coatings are often used on buildings and other structures in order to help protect them from fires.
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Key Players
The fire-resistant coatings market includes players such as AkzoNobel N.V, PPG Industries, Jotun, Sherwin-Williams, Hempel, RPM International, Sika, ETEX group, Kansai Paints and Teknos.
Key Trends
There are a few key trends in fire-resistant coatings technology. One is the development of nanocoatings. These coatings are made up of very small particles, which makes them more effective at blocking heat and flames than traditional coatings.
Another trend is the use of more environmentally-friendly ingredients in fire-resistant coatings. This is important because many traditional fire-resistant coatings contain harmful chemicals that can be released into the air when they are used.
Key Drivers
The key drivers of the Fire-resistant Coatings market are the stringent fire safety regulations, the growing construction industry, and the increasing awareness of fire safety.
The stringent fire safety regulations are the major driver of the Fire-resistant Coatings market. The fire safety regulations are becoming more stringent in developed countries such as the US, Canada, and Europe. The fire safety regulations in these countries are becoming more stringent due to the increasing number of fire accidents. The fire safety regulations require the use of fire-resistant coatings in the construction of new buildings and the renovation of existing buildings.
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Market Segments
The fire-resistant coatings market is segmented by type, technology, application and by region. By type it is divided into intumescent and cementitious. Based on technology it is segmented into water-borne and solvent-borne. On the basis of application it is bifurcated into building & construction, industrial, aerospace and automotive. Region wise it is segmented into North America, Europe, Asia Pacific, South America and Rest of the World.
Reasons to buy Fire-resistant Coatings Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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