Fire resistant paint used greatly in everything necessities like homes, furniture and many others to prevent the damage to the surfaces activated by fire. This paint diminishes the item from getting burn by slowing down the fire and flames in case of s fire accident. It finds its use mainly in high end industries and are broadly used in both commercial and residential structures, electrical and electronics, marine , oil and gas industries and many others as well.
Fire resistant paint is well capable of resisting fire for upto 2 hours and helps in preventing loss of life and property until fire safety help comes like fire fighters. But , this paint depends on coating thickness and optimum paint thickness is required to achieved so that the desired effect is realized in case of a fire accident.
Market segmentation of fire resistant paint
The in depth analysis of the fire resistant paint market segments are listed below. Let’s take a look at them.
By Product Type: Powder Fire-Resistant Coatings, Liquid Fire-Resistant Coatings and Others.
By Application Type: Oil & Gas, Building & Construction, Electrical & Electronics, Aerospace, Automotive, Textiles, Marine, Furniture and Others.
By Region:
North America (US, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis.
Latin America (Brazil, Mexico, Argentina and Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis.
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis.
Source: Future market insight
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis.
The growing number of fire accidents across the world in closed environment is the main reason for the growth in this market. Also, growing awareness among population particularly urban about health and safety is again a factor for the growth of the market. Fire resistant paint that was earlier conceived as a decorating paint but has evolved into safety application too. The market of this paint is limited as the concept is niche. But, a huge opportunity exists for this paint in the market.
Some of the leading companies involved in the Manufacturing, supplying and distributing and even marketing of fire resistant paints are Satya Firotech India, Contego industries and flame control coatings.
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