Passive Fire Protection Coatings Market by the construction industry and the growing demand for passive fire protection coatings in various industries are some of the drivers driving the demand for sulfuric acid in the market. Data Bridge Market Research analyzes that the Passive Fire Protection Coatings Market is expected to reach the Value of USD 10,897,987.13 Thousand by 2029 at a CAGR of 4.6% during the forecast period . Intumescent coatings represent the largest application segment in the respective market owing to the increase in demand from the construction industry. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, price analysis, production consumption analysis, and climate chain scenario.
Passive fire protections (PFPs) are components of a building or structure that slow or prevent fire or smoke without system activation, and usually without movement. Examples of passive systems include floor-ceilings and roofs, fire doors, windows and wall assemblies, fire-resistant coatings, and other fire and smoke control assemblies. Passive fire protection systems can include active components such as fire dampers. Asia-Pacific is the largest consumer of passive fire protection coatings due to increased awareness about it in the region.
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Key Players of the Passive Fire Protection Coatings Market are:
3M, Hempel A/S, The Sherwin-Williams Company, Hilti Group, AkzoNobel NV, PPG, Kansai Paint Co.,Ltd, Jotun, Etex Group, GCP Applied Technologies Inc, Sharpfibre Limited, svt Holding GmbH, Rudolf Hensel Gmbh, Isolatek International Corporation, Contego International Inc., Isolatek International, envirograf passive fire products, no-burn inc., TEKNOS GROUP, CARBOLINE, Vijay Systems Engineers Pvt Ltd. among others.
Fluctuating raw material costs, raw materials already used in fire protection coatings are already available at higher prices. Raw materials, which are usually chemicals, are in high demand, making it difficult for manufacturers to source and maintain raw material availability. The preparation of fire protection materials is a complex process as the major part of the buyer demands a slight differentiation based on the structure on which it is used to get ideal results in the market during the forecast period 2022 -2029.
- In March, Dyneon LLC, a 3M company, announced the acquisition of the business of Hitech Polymers Inc., a Hebron-based specialty thermoplastic polymer manufacturer and contract thermoplastic compounding service provider. Addition of Hitech Polymers increases Dyneon’s ability to bring new solutions to existing customers faster
- In July, The Sherwin-Williams Company introduced a revolutionary and practical onshore passive fire safety coating. Firetex M90/03 meets UL 1709 fire protection certification specifications. The launch of a new product has opened new business opportunities for the company.
Global Passive Fire Protection Coating Market Segmentation:
type of product
- Cementitious material
- Intumescent coating
- Fireproof cladding
On the basis of product type, the global passive fire protection coatings market is segmented into cementitious material, intumescent coating, fire retardant coating and others. the intumescent coatings segment is expected to dominate the market as consumers are more inclined towards it as it provides protection and an aesthetic appearance to the metal structure on which it is applied.
- Water-based protective coating
- Solvent-based protective coating
Based on technology, the world passive fire protection coatings The market is segmented into water-based protective coating and solvent-based protective coating. The water-based protective coatings segment accounts for the largest market share, as water-based coatings offer good heat and abrasion resistance and excellent adhesion compared to other coatings available on the market.
- petroleum gas
- Electrical And Electronic
Based on application, the global passive fire protection coatings market is segmented into oil & gas, construction, aerospace, electrical & electronics, automotive, textile, furniture, warehousing, and others. Automotive segment accounts for the largest market share as it provides safe. passage and time to escape for the people on board and saves lives, which ultimately increases the usage of the same in the market.
- Building construction
- petroleum gas
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Passive Fire Protection Coatings Market Regional Analysis/Overviews
The passive fire protection coatings The market is analyzed and market size information and trends are provided by country, product type, technology, application and end-user as listed above.
The countries covered in the Sulfuric Acid market report are USA, Canada & Mexico North America, Germany, France, UK, Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Luxembourg, the rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia and New Zealand, Thailand , Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, United Arab Emirates, South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.
Asia-Pacific is expected to dominate the global passive fire protection coatings market due to high demand from the construction and building industry. Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the growing demand for batteries in the automotive industry in the region.
The report answers questions such as:
Which product segment took the largest share of the Passive Fire Protection Coating market?
What is the Competitive Scenario of the Passive Fire Protective Coating Market?
What are the main factors favoring the Passive Fire Protection Coatings Market growth?
Who are the key players in the Passive Fire Protection Coating market?
Which region holds the maximum Passive Fire Protection Coating market share?
What will be the CAGR of the Passive Fire Protection Coating market during the forecast period?
Which application segment has emerged as the leading segment in the passive fire protection coatings market?
What are the major trends likely to emerge in the passive fire protection coatings market in the coming years?
Which company held the largest Passive Fire Protection Coating market share?
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