Increasing demand for passive fire protection coatings by the construction industry and the growing demand for passive fire protection coatings in various industries are some of the drivers boosting sulfuric acid demand in the market. Data Bridge Market Research analyses that the Passive Fire Protection Coatings Market is expected to reach the value of USD 10,897,987.13 thousand by the year 2029, at a CAGR of 4.6% during the forecast period. Intumescent coatings accounts for the most prominent application segment in the respective market owing to rise in the demand from the construction industry. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Market Definition
Passive fire protection (PFP) are components of a building or structure that slows or impedes the fire or smoke without system activation, and usually without movement. The instances 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. The Asia-Pacific is the largest consumer of passive fire protection coatings due to the increased awareness about the same in the region.
Regulatory Framework
Compliance with all the various regulations in the area of Environmental Product Compliance (EPC) involves laws and regulations. These include environmental and company law requirements that regulate or even prohibit the use of various substances and materials in products. In addition to improved product quality and safety, this is above all an important component of sustainability.
Recent Developments
In March, Dyneon LLC, a 3M company, announced the acquisition of the business of Hitech Polymers Inc., a manufacturer of specialty thermoplastic polymers and provider of toll thermoplastic compounding services based in Hebron. The addition of Hitech Polymers increases Dyneon’s ability to bring new solutions to existing customers faster
In July, The Sherwin-Williams Company has introduced a revolutionary practical onshore passive fire safety coating. Firetex M90/03 complies with UL 1709 fire protection certification specifications. The launch of a new product has opened new business opportunities for the company.
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Global Passive Fire Protection Coatings Market Scope
The global passive fire protection coatings market is segmented into four notable segments, based on product type, technology, application and end user. The growth amongst these segments will help you analyze 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
Cementitious Material
Intumescent Coating
Fireproofing Cladding
Others
On the basis of product type, the global passive fire protection coatings market is segmented into cementitious material, intumescent coating, fireproofing cladding, and others. the intumescent coating segment is expected to dominate the market as the consumers are more inclined towards the same as it provides protection and an aesthetic look to the metal structure on which it is applied.
Technology
Water-Based Protection Coating
Solvent-Based Protection Coating
On the basis of technology, the global passive fire protection coatings market is segmented into water-based protection coating and solvent-based protection coating. The water-based protection coating segment accounts for the largest market share as water-based coatings provide good resistance to heat and abrasion and excellent adhesion compared to other coatings available in the market.
Application
Oil & Gas
Construction
Aerospace
Electrical And Electronics
Automotive
Textile
Furniture
Warehousing
On the basis of application, the global passive fire protection coatings market is segmented into oil & gas, construction, aerospace, electrical and electronics, automotive, textile, furniture, warehousing and others automotive segment accounts for the largest market share as it provides a safe passage and time to escape for the people onboard and saves lives which eventually increases the use of the same in the market.
End User
Building & Construction
Oil & Gas
Transportation
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Passive Fire Protection Coatings Market
On the basis of end user, the global passive fire protection coatings market is segmented into building and construction, oil and gas, transportation and others the building and construction segment accounts for the largest market share due to varied norms set up by the government officials to safeguard the lives of individuals at the time of fire crisis, as protective coatings can control and withstand fire for a longer duration which eventually increases its use by the building and construction sector.
Passive Fire Protection Coatings Market Regional Analysis/Insights
The passive fire protection coatings market is analyzed and market size insights and trends are provided by country, product type, technology, application and end user as referenced above.
The countries covered in the sulfuric acid market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Luxemburg, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia & 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 growing demand for batteries in the automotive industry in the region.
Passive Fire Protection Coatings Market
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as 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 Passive Fire Protection Coatings Share Analysis
The passive fire protection coatings 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 sulfuric acid market.
Some of the major players operating in the global passive fire protection coatings market are 3M, Hempel A/S, The Sherwin-Williams Company, Hilti Group, AkzoNobel N.V, 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.
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