Passive Fire Protection Coatings Market by Type (Intumescent, Cementitious), Technology (Water-Based, Solvent-Based), End-Use Industry (Building & Construction, Oil & Gas, Transportation), and Region - Global Forecast to 2022

  • ID: 4415796
  • Report
  • Region: Global
  • 149 Pages
  • Markets and Markets
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The Passive Fire Protection Coatings Market is Projected to Reach USD 4.02 Billion By 2022, at a CAGR of 6.6% from 2017 to 2022.

FEATURED COMPANIES

  • 3M
  • BASF SE
  • Demilec Usa, Inc.
  • Isolatek International
  • No-Burn, Inc.
  • Promat International
  • MORE

"The passive fire protection coatings market is projected to grow at a CAGR of 6.6% during the forecast period, in terms of value"

The passive fire protection coatings market is projected to reach USD 4.02 billion by 2022, at a CAGR of 6.6% from 2017 to 2022. The growth of this market is mainly attributed to the increasing use of steel in the building & construction industry and stringent building codes. Owing to the increasing usage of fire protection coatings in the building & construction and oil & gas industries, demand is growing significantly across the Asia-Pacific, Europe, and North America. However, the availability of cheaper alternatives such as, dry methods of passive fire protection through boards, sprays, putty, or other equipment in some emerging markets is restraining the growth of the passive fire protection coatings market. Emerging countries such as India, China, and Brazil are considered price sensitive markets, and thus, these countries prefer using cheaper alternatives to passive fire protection coatings.

"The intumescent type fire protection coatings market is projected to witness the highest growth during the forecast period, in terms of value"

The value of the market of intumescent coatings is higher, as these coatings are costlier as compared to cementitious coatings. Also, these coatings are cladded with other materials hence, the market volume is lower. Intumescent coatings are an emerging type of passive fire protection coatings, hence the growth rate is high. These are typically used in building & construction in commercial buildings, restaurants, hospitals, colleges, residential buildings, and skyscrapers. In the oil & gas industry, these are used in offshore oil & gas applications and onshore petrochemical facilities and refineries.

"The water-based technology segment of the fire protection coatings market is projected to witness the highest growth during the forecast period, in terms of both, value and volume"

There is high growth of the water-based technology of passive fire protection coatings, as these coatings are extremely safe because they do not contain harmful solvents and are low odor and have low VOC emissions. Moreover, end users are also becoming aware about the harmful effects of solvent-based coatings because of the various building codes and stringent emission standards set by various agencies. Hence, these end users prefer the water-based technology over the solvent-based.

"The passive fire protection coatings market in the Asia-Pacific region is projected to grow at the highest CAGR during the forecast period"

The Asia-Pacific is expected to witness the highest CAGR for passive fire protection coatings, in terms of both, volume and value. The growing construction industry is leading to the high demand for passive fire protection coatings in the Asia-Pacific region. Moreover, government policies and the continued growth in infrastructural activities are leading to an increase in the demand for these coatings. Also, the availability of raw materials and cheap labor, coupled with significant domestic demand, make this market the most attractive for industry participants.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted as follows:

  • By Company Type: Tier 1 (43%), Tier 2 (43%), and Tier 3 (14%)
  • By Designation: C Level (42%), D Level (29%), and Others (29%)
  • By Region: North America (43%), Europe (29%), Asia-Pacific (14%), Middle East & Africa (8%), and South America (6%)

Key players profiled in the report include Akzo Nobel (The Netherlands), PPG Industries (US), The Sherwin-Williams Company  (US), Promat International (Belgium), Carboline  (US), Hempel A/S (Denmark), KANSAI PAINT (Japan), Nullifire  (UK), Jotun (Norway), GCP Applied Technologies (US), Isolatek International (US), BASF (Germany), Contego International (US), Teknos Group (Finland), Sika (Switzerland), 3M (US), Intumescent Systems (Envirograf) (UK), Albi Manufacturing (US), Bollom Fire Protection (UK), SKK Pte. Ltd., (Japan), Arabian Vermiculite industries (Saudi Arabia), No-Burn (US), Demilec USA (US), Gangotri Hi-Tech Coatings (India), and Monarch Industrial Products (India).

Research Coverage

This report covers the passive fire protection coatings market, in terms of volume and value, and forecasts the market size till 2022. The report includes market segmentation based on type, technology, end-use industry, and region. It also provides company profiles and competitive strategies adopted by key players in the passive fire protection coatings market.

Key Benefits of Buying the Report:

This research report is focused on various levels of analyses—industry trends, market share analysis of key players, supply chain analysis, and company profiles, which together comprise and discuss the overall views on the competitive landscape; emerging and high-growth segments of the passive fire protection coatings market; high-growth regions; and market drivers, restraints, opportunities, and challenges.

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FEATURED COMPANIES

  • 3M
  • BASF SE
  • Demilec Usa, Inc.
  • Isolatek International
  • No-Burn, Inc.
  • Promat International
  • MORE

1 Introduction
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
    4.1 Attractive Opportunities in the Passive Fire Protection Coatings Market
    4.2 Passive Fire Protection Coatings Market Growth, By Region
    4.3 Passive Fire Protection Coatings Market, By Asia-Pacific Region and By End-Use Industry
    4.4 Passive Fire Protection Coatings Market, By End-Use Industry
    4.5 Passive Fire Protection Coatings Market Growth, By Country

5 Market Overview
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increase in the Use of Steel in Building and Construction Projects
                    5.2.1.2 Rising Demand in Asia-Pacific Region
                    5.2.1.3 Stringent Government Regulations and Fire Safety Standards
                    5.2.1.4 Rising Number of Fire Accidents
           5.2.2 Restraints
                    5.2.2.1 Use of Cheaper Alternatives
           5.2.3 Opportunities
                    5.2.3.1 Growing Demand for Fire Protection Coatings in Renovation Projects
                    5.2.3.2 Rising Demand for Water-Based Fire Protection Coatings
           5.2.4 Challenges
                    5.2.4.1 Lack of Awareness in Emerging Markets
    5.3 Porter’s Five Forces Analysis
           5.3.1 Threat of New Entrants
           5.3.2 Threat of Substitutes
           5.3.3 Bargaining Power of Suppliers
           5.3.4 Bargaining Power of Buyers
           5.3.5 Intensity of Competitive Rivalry
    5.4 Macroeconomic Indicators
           5.4.1 Introduction
           5.4.2 Trends and Forecast of GDP
           5.4.3 Global Construction Industry and Economic Outlook

6 Passive Fire Protection Coatings Market, By Type
    6.1 Introduction
    6.2 Intumescent Coatings
    6.3 Cementitious Coatings

7 Passive Fire Protection Coatings Market, By Technology
    7.1 Introduction
    7.2 Water-Based
    7.3 Solvent-Based

8 Passive Fire Protection Coatings Market, By End-Use Industry
    8.1 Introduction
    8.2 Building & Construction
    8.3 Oil & Gas
    8.4 Transportation
    8.5 Others

9 Passive Fire Protection Coatings Market, By Region
    9.1 Introduction
    9.2 North America
           9.2.1 U.S.
           9.2.2 Canada
           9.2.3 Mexico
    9.3 Europe
           9.3.1 U.K.
           9.3.2 France
           9.3.3 Germany
           9.3.4 Italy
           9.3.5 Russia
           9.3.6 Rest of Europe
    9.4 Asia-Pacific
           9.4.1 China
           9.4.2 Japan
           9.4.3 India
           9.4.4 Malaysia
           9.4.5 Thailand
           9.4.6 Singapore
           9.4.7 Rest of Asia-Pacific
    9.5 South America
           9.5.1 Brazil
           9.5.2 Argentina
           9.5.3 Rest of South America
    9.6 Middle East & Africa
           9.6.1 Saudi Arabia
           9.6.2 UAE
           9.6.3 South Africa
           9.6.4 Rest of the Middle East & Africa

10 Competitive Landscape
     10.1 Market Ranking Analysis
             10.1.1 Market Ranking of Key Players, 2016

11 Company Profiles
(Business Overview, Products Offered, Scorecard of Product Offering, Scorecard of Business Strategy, and New Product Launch)
     11.1 Akzo Nobel N.V.
     11.2 PPG Industries, Inc.
     11.3 The Sherwin-Williams Company
     11.4 Jotun
     11.5 Hempel A/S
     11.6 Promat International
     11.7 Kansai Paint Co., Ltd
     11.8 Teknos Group
     11.9 Carboline
     11.10 Nullifire
     11.11 Other Companies
             11.11.1 Sika AG
             11.11.2 BASF SE
             11.11.3 3M
             11.11.4 Contego International Inc.
             11.11.5 Isolatek International
             11.11.6 GCP Applied Technologies Inc.
             11.11.7 Intumescent Systems Ltd. (Envirograf)
             11.11.8 Albi Manufacturing
             11.11.9 Arabian Vermiculite Industries.
             11.11.10 Bollom Fire Protection
             11.11.11 No-Burn, Inc.
             11.11.12 SKK Pte. Ltd.
             11.11.13 Demilec Usa, Inc.
             11.11.14 Monarch Industrial Products (I) Pvt. Ltd.
             11.11.15 Gangotri Hi-Tech Coatings

*Details Might Not Be Captured in Case of Unlisted Companies

List of Tables
Table 1 Trends and Forecast of GDP, 2016-2022 (USD Billion)
Table 2 Passive Fire Protection Coatings Market Size, By Type, 2015-2022 (Kiloton)
Table 3 Passive Fire Protection Coatings Market Size, By Type, 2015-2022 (USD Million)
Table 4 Intumescent Passive Fire Protection Coatings Market Size, By Region, 2015-2022 (Kiloton)
Table 5 Intumescent Passive Fire Protection Coatings Market Size, By Region, 2015-2022 (USD Million)
Table 6 Cementitious Passive Fire Protection Coatings Market Size, By Region, 2015-2022 (Kiloton)
Table 7 Cementitious Passive Fire Protection Coatings Market Size, By Region, 2015-2022 (USD Million)
Table 8 Passive Fire Protection Coatings Market Size, By Technology, 2015-2022 (Kiloton)
Table 9 Passive Fire Protection Coatings Market Size, By Technology, 2015-2022 (USD Million)
Table 10 Water-Based Passive Fire Protection Coatings Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 11 Water-Based Passive Fire Protection Coatings Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 12 Water-Based Passive Fire Protection Coatings Market Size, By Region, 2015-2022 (Kiloton)
Table 13 Water-Based Passive Fire Protection Coatings Market Size, By Region, 2015-2022 (USD Million)
Table 14 Solvent-Based Passive Fire Protection Coatings Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 15 Solvent-Based Passive Fire Protection Coatings Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 16 Solvent-Based Passive Fire Protection Coatings Market Size, By Region, 2015-2022 (Kiloton)
Table 17 Solvent-Based Passive Fire Protection Coatings Market Size, By Region, 2015-2022 (USD Million)
Table 18 Passive Fire Protection Coatings Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 19 By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 20 By tings Market Size in Building & Construction, By Region, 2015-2022 (Kiloton)
Table 21 By Market Size in Building & Construction, By Region, 2015-2022 (USD Million)
Table 22 By Market Size in Oil & Gas, By Region, 2015-2022 (Kiloton)
Table 23 By Market Size in Oil & Gas, By Region, 2015-2022 (USD Million)
Table 24 By Market Size in Transportation, By Region, 2015-2022 (Kiloton)
Table 25 By Market Size in Transportation, By Region, 2015-2022 (USD Million)
Table 26 By Market Size in Other End-Use Industries, By Region, 2015-2022 (Kiloton)
Table 27 By Market Size in Other End-Use Industries, By Region, 2015-2022 (USD Million)
Table 28 By Market Size, By Region, 2015-2022 (Kiloton)
Table 29 By Market Size, By Region, 2015-2022 (USD Million)
Table 30 North America: By Market Size, By Country, 2015-2022 (Kiloton)
Table 31 North America: By Market Size, By Country, 2015-2022 (USD Million)
Table 32 North America: By Market Size, By Type, 2015-2022 (Kiloton)
Table 33 North America: By Market Size , By Type, 2015-2022 (USD Million)
Table 34 North America: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 35 North America: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 36 North America: By Market Size, By Technology, 2015-2022 (Kiloton)
Table 37 North America: By Market Size , By Technology, 2015-2022 (USD Million)
Table 38 U.S.: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 39 U.S.: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 40 Canada: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 41 Canada: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 42 Mexico: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 43 Mexico: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 44 Europe: By Market Size, By Country, 2015-2022 (Kiloton)
Table 45 Europe: By Market Size, By Country, 2015-2022 (USD Million)
Table 46 Europe: By Market Size, By Type, 2015-2022 (Kiloton)
Table 47 Europe: By Market Size, By Type, 2015-2022 (USD Million)
Table 48 Europe: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 49 Europe: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 50 Europe: By Market Size, By Technology, 2015-2022 (Kiloton)
Table 51 Europe: By Market Size, By Technology, 2015-2022 (USD Million)
Table 52 U.K.: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 53 U.K.: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 54 France: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 55 France: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 56 Germany: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 57 Germany: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 58 Italy: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 59 Italy: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 60 Russia: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 61 Russia: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 62 Rest of Europe: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 63 Rest of Europe: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 64 Asia-Pacific: By Market Size, By Country, 2015-2022 (Kiloton)
Table 65 Asia-Pacific: By Market Size, By Country, 2015-2022 (USD Million)
Table 66 Asia-Pacific: By Market Size, By Type, 2015-2022 (Kiloton)
Table 67 Asia-Pacific: By Market Size, By Type, 2015-2022 (USD Million)
Table 68 Asia-Pacific: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 69 Asia-Pacific: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 70 Asia-Pacific: By Market Size, By Technology, 2015-2022 (Kiloton)
Table 71 Asia-Pacific: By Market Size, By Technology, 2015-2022 (USD Million)
Table 72 China: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 73 China: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 74 Japan: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 75 Japan: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 76 India: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 77 India: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 78 Malaysia: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 79 Malaysia: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 80 Thailand: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 81 Thailand: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 82 Singapore: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 83 Singapore: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 84 Rest of Asia-Pacific: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 85 Rest of Asia-Pacific: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 86 South America: By Market Size, By Country, 2015-2022 (Kiloton)
Table 87 South America: By Market Size, By Country, 2015-2022 (USD Million)
Table 88 South America: By Market Size, By Type, 2015-2022 (Kiloton)
Table 89 South America: By Market Size, By Type, 2015-2022 (USD Million)
Table 90 South America: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 91 South America: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 92 South America: By Market Size, By Technology, 2015-2022 (Kiloton)
Table 93 South America: By Market Size, By Technology, 2015-2022 (USD Million)
Table 94 Brazil: By Market Size,By End-Use Industry, 2015-2022 (Kiloton)
Table 95 Brazil: By Market Size,By End-Use Industry, 2015-2022 (USD Million)
Table 96 Argentina: By Market Size,By End-Use Industry, 2015-2022 (Kiloton)
Table 97 Argentina: By Market Size,By End-Use Industry, 2015-2022 (USD Million)
Table 98 Rest of South America: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 99 Rest of South America: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 100 Middle East & Africa: By Market Size, By Country, 2015-2022 (Kiloton)
Table 101 Middle East & Africa: By Market Size, By Country, 2015-2022 (USD Million)
Table 102 Middle East & Africa: By Market Size, By Type, 2015-2022 (Kiloton)
Table 103 Middle East & Africa: By Market Size, By Type, 2015-2022 (USD Million)
Table 104 Middle East & Africa: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 105 Middle East & Africa: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 106 Middle East & Africa: By Market Size, By Technology, 2015-2022 (Kiloton)
Table 107 Middle East & Africa: By Market Size, By Technology, 2015-2022 (USD Million)
Table 108 Saudi Arabia: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 109 Saudi Arabia: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 110 UAE: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 111 UAE: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 112 South Africa: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 113 South Africa: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 114 Rest of Middle East & Africa: By Market Size, By End-Use Industry, 2015-2022 (Kiloton)
Table 115 Rest of Middle East & Africa: By Market Size, By End-Use Industry, 2015-2022 (USD Million)

List of Figures
Figure 1 Passive Fire Protection Coatings Market: Research Design
Figure 2 Market Size Estimation: Bottom-Up Approach
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Passive Fire Protection Coatings Market: Data Triangulation
Figure 5 Building & Construction to Be Fastest-Growing End-Use Industry of Passive Fire Protection Coatings Market During Forecast Period
Figure 6 Water-Based Technology to Dominate Passive Fire Protection Coatings Market During Forecast Period
Figure 7 Asia-Pacific Dominated Passive Fire Protection Coatings Market in 2016
Figure 8 Passive Fire Protection Coatings Market to Witness Rapid Growth Between 2017 and 2022
Figure 9 Asia-Pacific to Lead Passive Fire Protection Coatings Market, 2017-2022
Figure 10 Asia-Pacific Accounted for Largest Share of Passive Fire Protection Coatings Market, 2016
Figure 11 Building & Construction to Account for Largest Share of Overall Passive Fire Protection Coatings Market, 2017-2022
Figure 12 Asia-Pacific to Be Fastest-Growing Passive Fire Protection Coatings Market Between 2017 and 2022
Figure 13 Drivers, Restraints, Opportunities, and Challenges in the Passive Fire Protection Coatings Market
Figure 14 Share of Steel Demand, By Region (2017)
Figure 15 Cementitious Coatings to Lead Passive Fire Protection Coatings Market During Forecast Period
Figure 16 Water-Based Technology to Lead Passive Fire Protection Coatings Market During Forecast Period
Figure 17 Building & Construction End-Use Industry to Lead Passive Fire Protection Coatings Market During Forecast Period
Figure 18 Regional Snapshot (2017-2022): Rapid Growth Markets are Emerging as New Hotspots
Figure 19 U.S. Dominates the North America Passive Fire Protection Coatings Market
Figure 20 China Dominates the Asia-Pacific Passive Fire Protection Coatings Market
Figure 21 Akzo Nobel N.V.: Company Snapshot
Figure 22 PPG Industries, Inc.: Company Snapshot
Figure 23 The Sherwin-Williams Company: Company Snapshot
Figure 24 Jotun: Company Snapshot
Figure 25 Hempel A/S: Company Snapshot
Figure 26 Kansai Paint Co., Ltd.: Company Snapshot

Note: Product cover images may vary from those shown
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  • 3M
  • Akzo Nobel N.V.
  • Albi Manufacturing
  • Arabian Vermiculite Industries.
  • BASF SE
  • Bollom Fire Protection
  • Carboline
  • Contego International Inc.
  • Demilec Usa, Inc.
  • GCP Applied Technologies Inc.
  • Gangotri Hi-Tech Coatings
  • Hempel A/S
  • Intumescent Systems Ltd. (Envirograf)
  • Isolatek International
  • Jotun
  • Kansai Paint Co., Ltd
  • Monarch Industrial Products (I) Pvt. Ltd.
  • No-Burn, Inc.
  • Nullifire
  • PPG Industries, Inc.
  • Promat International
  • SKK Pte. Ltd.
  • Sika AG
  • Teknos Group
  • The Sherwin-Williams Company
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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