Growing Concerns about Fire Safety Fuel Demand for Fire-Resistant Coatings| MarketsandMarkets™
Verfasser: ashwani_kailiya on Tuesday, 18 April 2023Fire-resistant coatings are specialized coatings that protect surfaces from fire damage by preventing or slowing fire spread. These coatings function by providing a barrier between the fire and the underlying substance, stopping the fire from spreading or causing damage. Intumescent coatings and cementitious coatings are two types of fire-resistant coatings available. Intumescent coatings are constructed of materials that expand when heated, providing a thick and insulating layer that aids in the prevention of fire spread. Cementitious coatings, on the other hand, are constructed of cement and other heat-resistant elements that can offer a protective layer for surfaces.
The report "Fire-resistant Coatings Market by Type (Intumescent Coatings, Cementitious Coatings), Technology (Solvent-borne, Water-borne), Substrates (Metal, Wood), Application Technique (Spray, Brush & Roller), Application and Region - Global Forecast to 2026" The global fire-resistant coatings market size is projected to grow from USD 975 million in 2020 and is projected to reach USD 1,125 million by 2026, at a CAGR of 3.5%. Europe accounted for the largest share of the market. It is projected to reach USD 490 million by 2026, at a CAGR of 3.0%, between 2021 and 2026. The growing building & construction sector in the region is projected to drive the market.