As per a recent survey by insightSLICE, Global fire-resistant coatings market size is expected to reach USD 1.35 billion by 2031, exhibiting a CAGR of 3.7% during the forecast period 2021-2031.
Fire resistant coatings are beneficial over their substitutes, as they are slenderer, show better fire security properties, and essentially decrease the general load of the designs and substrates, especially in delicate and complicated designs. Noteworthy aspects, namely, financial letup and effect of coronavirus on the development business, developing interest for fire-resistant coatings in remodel project undertakings, rising interest for water-based intumescent coatings, concerns identified with covering application and solidness, union, and extension of fire-resistant covering manufacturing units, are postulated to contribute to the hindrances observed in the marketplace during 2021-2031.
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Competitive Landscape
Some of the major players in the Fire-Resistant Coatings market are AkzoNobel, PPG, Hempel, BASF, Sherwin-Williams, Contego, Albi Manufacturing, 3M, Altex Coatings, and others.
Players in the Fire-Resistant Coatings market are mainly concentrating on new product launches, acquisition, and collaboration to meet the growing demand for various end-use industries. New product launches help companies to strengthen their product portfolio and meet the specific demands of customers.
The report discusses key information about major growth drivers, restraints, opportunities, and trends observed in the global Fire-Resistant Coatings market. Factors such as market projections, the supply-demand ratio, market size, market attractiveness, technological advances, and key segments have been studied in detail. The Fire-Resistant Coatings market shares, product portfolios, and business strategies of the major market players have been revealed, along with authentic statistical data, figures, charts, and tables.
Segmentation Overview:
Based on Type
Based on Application
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The Fire-Resistant Coatings Report provides industry professionals and strategists, corporate analysts, associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the market.
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insightSLICE is a market intelligence and strategy consulting company. The company provides tailor-made and off the shelf market research studies. The prime focus of the company is on strategy consulting to provide end-to-end solutions.
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