Global Passive Fire Protection Coatings Market to Reach $9.5 Billion by 2030
The global market for Passive Fire Protection Coatings estimated at US$6.3 Billion in the year 2023, is expected to reach US$9.5 Billion by 2030, growing at a CAGR of 6% over the period 2023-2030.
The U.S. Market is Estimated at $1.7 Billion, While China is Forecast to Grow at 9% CAGR
The Passive Fire Protection Coatings market in the U.S. is estimated at US$1.7 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2030 trailing a CAGR of 9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 5.5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.
Introducing Our Exciting New Report Features for 2024
Full access to influencer engagement stats
Free access to our digital archives & "MarketGlass" research platform. Our proprietary MarketGlass platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. Our state-of-art tools bring world class market perspectives while protecting participants' privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities
Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
Complimentary report updates for one year
Competitor coverage with global market shares of major players
Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes
What to Expect from the Global Economy in 2024
Edgy geopolitics, and economic instability caused by monetary policy tightening and ensuing higher interest rates will create a tumultuous landscape for 2024. Several factors will continue to exert pressure on the path to recovery including hostilities in the Middle East and increasingly common climate disasters. Among the risks, several positives are also taking shape such as growing signs of disinflation and easing of anxiety over stubborn inflation, supply chain normalization and price moderation despite volatility in energy costs. Elections across several G21 jurisdictions, notably in India and the United States, will have potential ramifications for capital flows and investment strategies. While India emerges as a compelling destination in the global investment landscape, U.S, based tech firms will continue to dominate, fueled by a dynamic ecosystem of talent and capital. Tech opportunities in Silicon Valley and beyond remain attractive for investors seeking high-growth prospects supported largely by a resilient albeit slowing domestic economy and conducive regulatory environment. Europe will continue to battle tight monetary policy and recession risks with U.K. having the most challenging outlook and running the greatest risk of recession in 2024. China remains a wild card with hope for growth in the country underpinned by government spending and improvements in consumer spending. The volatile environment will offer both opportunities and challenges for investors and businesses alike. Embracing volatility as a catalyst for growth together with agility and strategic foresight in navigating investment decisions will remain important for survival.
Select Competitors (Total 83 Featured) -
Akzo Nobel NV
Carboline Company
Hempel A/S
Jotun Group
Kansai Paint Co. Ltd.
Nippon Paint Co. Ltd.
No-Burn Inc.
PPG Industries Inc.
Svt Holding GmbH
Teknos Group
The Sherwin-Williams Company
Tremco illbruck Group GmbH
TABLE OF CONTENTS
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Passive Fire Protection (PFP) Coatings: A Prelude
Recent Market Activity
PFP Coatings - Key Enablers of Structural Fire Protection Strategies
Structural Applications Gradually Shift from Concrete Encasement to Advanced PFP Materials
Future Prospects Remain Favorable for PFP Coatings
Developed Regions Remain Primary Revenue Contributors
Building Codes & Fire Safety Regulations Fuel Adoption in Developed Regions
Robust Opportunities in Asia-Pacific & Other Developing Regions
Passive Fire Protection Coatings - Global Key Competitors Percentage Market Share in 2024 (E)
Global Economic Update
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
AkzoNobel N.V. (Netherlands)
Hempel A/S (Denmark)
Jotun Group (Norway)
Kansai Paint Co., Ltd. (Japan)
Nippon Paint Co., Ltd. (Japan)
No-Burn, Inc. (USA)
PPG Industries, Inc. (USA)
Promat International NV (Belgium)
RPM International, Inc. (USA)
Carboline Company (USA)
tremco illbruck Group GmbH (Germany)
Svt Holding GmbH (Germany)
Teknos Group (Finland)
The Sherwin-Williams Company (USA)
3. MARKET TRENDS & DRIVERS
Material Advancements & Technology Innovations Augment Market Prospects
A Review of Select New PFP Coating Products & PFP Material Innovations
AkzoNobel' Sikkens Fire Protection Coating for Wooden Building Facades
Hempel's Hempafire Pro 315 PFP Coating
PPG's PPG PITT-CHAR NX Epoxy Intumescent Coating
Carboline's Thermo-Sorb 263 & Thermo-Sorb E VOC Compliant Intumescent Coatings
Chartek(R) Epoxy Passive Fire Protection Solutions - A Comprehensive Offering to the PFP Sector
Mesh-Free Jotachar JF750 Eliminates Complex Mesh Reinforced Systems in PFP Applications
Raw Material Supply Issues - A Bone of Contention for Intumescent Coatings
Compulsion for Regular Maintenance
Construction Industry - Primary Consumer of PFP Coatings
Heightened Awareness of Safety & Security - Key Driver for Construction-Grade PFP Coatings
Construction Industry Dynamics Favor Market Expansion
Population Growth and Urbanization Drive Construction Spending
Oil & Gas Refineries Emerge as a Growing Target Market
Increasing Investments in Off Shore Oil & Gas Exploration to Fuel Growth
Growing Shale Gas Production to Enhance Growth Opportunities
Novel Opportunities in Automotive & Transportation Verticals
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: World Recent Past, Current & Future Analysis for Passive Fire Protection Coatings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 2: World Historic Review for Passive Fire Protection Coatings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
TABLE 3: World 16-Year Perspective for Passive Fire Protection Coatings by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
TABLE 4: World Passive Fire Protection Coatings Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
Passive Fire Protection Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
TABLE 5: USA Recent Past, Current & Future Analysis for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 6: USA Historic Review for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
CANADA
TABLE 7: Canada Recent Past, Current & Future Analysis for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 8: Canada Historic Review for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
JAPAN
Passive Fire Protection Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
TABLE 9: Japan Recent Past, Current & Future Analysis for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 10: Japan Historic Review for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
CHINA
Passive Fire Protection Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
TABLE 11: China Recent Past, Current & Future Analysis for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 12: China Historic Review for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
EUROPE
Passive Fire Protection Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
TABLE 13: Europe Recent Past, Current & Future Analysis for Passive Fire Protection Coatings by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 14: Europe Historic Review for Passive Fire Protection Coatings by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
TABLE 15: Europe 16-Year Perspective for Passive Fire Protection Coatings by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2014, 2024 & 2030
FRANCE
Passive Fire Protection Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
TABLE 16: France Recent Past, Current & Future Analysis for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 17: France Historic Review for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
GERMANY
Passive Fire Protection Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
TABLE 18: Germany Recent Past, Current & Future Analysis for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 19: Germany Historic Review for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
ITALY
TABLE 20: Italy Recent Past, Current & Future Analysis for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 21: Italy Historic Review for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
UNITED KINGDOM
Passive Fire Protection Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
TABLE 22: UK Recent Past, Current & Future Analysis for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 23: UK Historic Review for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
SPAIN
TABLE 24: Spain Recent Past, Current & Future Analysis for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 25: Spain Historic Review for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
RUSSIA
TABLE 26: Russia Recent Past, Current & Future Analysis for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 27: Russia Historic Review for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
REST OF EUROPE
TABLE 28: Rest of Europe Recent Past, Current & Future Analysis for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 29: Rest of Europe Historic Review for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
ASIA-PACIFIC
Passive Fire Protection Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
TABLE 30: Asia-Pacific Recent Past, Current & Future Analysis for Passive Fire Protection Coatings by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 31: Asia-Pacific Historic Review for Passive Fire Protection Coatings by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
TABLE 32: Asia-Pacific 16-Year Perspective for Passive Fire Protection Coatings by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2014, 2024 & 2030
AUSTRALIA
Passive Fire Protection Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
TABLE 33: Australia Recent Past, Current & Future Analysis for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 34: Australia Historic Review for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
INDIA
Passive Fire Protection Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
TABLE 35: India Recent Past, Current & Future Analysis for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 36: India Historic Review for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
SOUTH KOREA
TABLE 37: South Korea Recent Past, Current & Future Analysis for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 38: South Korea Historic Review for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
REST OF ASIA-PACIFIC
TABLE 39: Rest of Asia-Pacific Recent Past, Current & Future Analysis for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 40: Rest of Asia-Pacific Historic Review for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
LATIN AMERICA
Passive Fire Protection Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
TABLE 41: Latin America Recent Past, Current & Future Analysis for Passive Fire Protection Coatings by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 42: Latin America Historic Review for Passive Fire Protection Coatings by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
TABLE 43: Latin America 16-Year Perspective for Passive Fire Protection Coatings by Geographic Region - Percentage Breakdown of Value Sales for Argentina, Brazil, Mexico and Rest of Latin America Markets for Years 2014, 2024 & 2030
ARGENTINA
TABLE 44: Argentina Recent Past, Current & Future Analysis for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 45: Argentina Historic Review for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
BRAZIL
TABLE 46: Brazil Recent Past, Current & Future Analysis for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 47: Brazil Historic Review for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
MEXICO
TABLE 48: Mexico Recent Past, Current & Future Analysis for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 49: Mexico Historic Review for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
REST OF LATIN AMERICA
TABLE 50: Rest of Latin America Recent Past, Current & Future Analysis for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 51: Rest of Latin America Historic Review for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
MIDDLE EAST
Passive Fire Protection Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
TABLE 52: Middle East Recent Past, Current & Future Analysis for Passive Fire Protection Coatings by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 53: Middle East Historic Review for Passive Fire Protection Coatings by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
TABLE 54: Middle East 16-Year Perspective for Passive Fire Protection Coatings by Geographic Region - Percentage Breakdown of Value Sales for Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets for Years 2014, 2024 & 2030
IRAN
TABLE 55: Iran Recent Past, Current & Future Analysis for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 56: Iran Historic Review for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
ISRAEL
TABLE 57: Israel Recent Past, Current & Future Analysis for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 58: Israel Historic Review for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
SAUDI ARABIA
TABLE 59: Saudi Arabia Recent Past, Current & Future Analysis for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 60: Saudi Arabia Historic Review for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
UNITED ARAB EMIRATES
TABLE 61: UAE Recent Past, Current & Future Analysis for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 62: UAE Historic Review for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
REST OF MIDDLE EAST
TABLE 63: Rest of Middle East Recent Past, Current & Future Analysis for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 64: Rest of Middle East Historic Review for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
AFRICA
Passive Fire Protection Coatings Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
TABLE 65: Africa Recent Past, Current & Future Analysis for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 66: Africa Historic Review for Passive Fire Protection Coatings by Segment - Passive Fire Protection Coatings Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR