End User Outlook (Volume, Kilotons, Revenue, USD Billion; 2020-2027)
Architectural & Decorative (Residential, Non-residential)
Geographical Segmentation:
The report is a prototype of the Paints and Coatings market and focuses on the market s major regional segments. The market has been categorized into several key geographical segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. In this section of the report, the anticipated market share, market size, revenue contribution, sales network, distribution channels, and numerous other aspects of each region have been evaluated.
Market Drivers
Soaring demand for high-performance coatings is considered as a major growth-promoting factor in the market. Additionally, rising commercial applications of corrosion-resistant coatings, surfaces with high-performance, high-temperature & low-temperature included coatings, and other coatings and escalating demand for industrial coatings suitable for
Global Fire-resistant Coatings Market Report 2020-2025: New Rules for Green and Smart Buildings and Growing Focus on Obtaining Green Certification
December 14, 2020 08:58 ET | Source: Research and Markets Research and Markets Dublin, IRELAND
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The fire-resistant coatings market was USD 933 million in 2020 and is projected to reach USD 1,106 million by 2025, at a CAGR of 3.5% from 2020.
Increasing awareness and emphasis on safety measures and preference for lightweight materials, which require additional protection, are expected to drive the market. The stringent regulations and norms are also supporting market growth, as the newly constructed buildings and manufacturing plants need to meet the required safety and fire resistance standards.