Attractive Opportunities in the Passive Fire Protection Coatings Market

The report "Passive Fire Protection Coatings Market by Type (Intumescent, Cementitious), Technology (Water-Based, Solvent-Based), End-Use Industry (Building & Construction, Oil & Gas, Transportation), and Region - Global Forecast to 2022", The passive fire protection coatings market is projected to reach USD 4.02 Billion by 2022, at a CAGR of 6.6% from 2017 to 2022.

The use of passive fire protection coatings has increased due to stringent government regulations regarding the usage of passive fire protection coatings and fire safety standards. In addition, the rapidly growing building & construction industry is expected to lead to an increase in the demand for passive fire protection coatings. Oil & gas and transportation are the other industries which demand passive fire protection coatings.

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The intumescent coatings type fire protection coatings segment accounted for the largest share of the passive fire protection coatings market in 2016

Intumescent coatings type fire protection coatings was the largest type segment of the passive fire protection coatings market, in terms of value in 2016. This high market share is mainly attributed to its usage across various applications, such as commercial buildings, restaurants, hospitals, colleges, residential buildings, skyscrapers, and offices, and the oil & gas industry, among others. The value market of intumescent coatings is higher as compared to cementitious coatings as, intumescent coatings are used in combination with cladding materials. Intumescent coatings require lower maintenance, improve durability, provide longer shelf-life, and also provide corrosion protection for steel structures in buildings. Hence, these properties of intumescent coatings are expected to foster the growth of these type of coatings in the passive fire protection coatings market.

The water-based technology of fire protection coatings accounted for the largest share of the passive fire protection coatings market in 2016

The water-based technology segment of the passive fire protection coatings market accounted for the largest share, in terms of both, value and volume, in 2016. Water-based fire protection coatings are extremely safe as they do not contain harmful solvents, are low odor and have low VOC emissions. These are developed to enable customers to meet the stringent emission standards set by various agencies, such as, Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) and the Environmental Protection Agency (EPA). Also, these water-based coatings can withstand high humidity levels during application. The above factors are fueling the demand for the water-based technology in the passive fire protection coatings market.

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The market for fire protection coatings in the building & construction industry is expected to grow at the highest CAGR during the forecast period

The building & construction industry is expected to register the highest growth, in terms of both, value and volume during the forecast period. Fire protection coatings are used in buildings owing to the various benefits that these provide. These coatings prolong the time period of damage that could be caused, providing ample time to evacuate a building in case of fire. Moreover, these also help in the protection of firefighters while controlling the fire and hence help reduce damage to a structure and loss of assets.

Building & construction is one of the major applications of passive fire protection coatings. These are used in construction activities to protect buildings to enable withstanding fire. Such coatings are applied so that the steel structures used in building & construction can withstand a fire and prevent the steel from reaching the critical temperature which could lead it to collapse. Passive fire protection coatings are mainly used in high rise buildings, sports stadiums, residential, and commercial construction.

The passive fire protection coatings market in the Asia-Pacific is expected to grow at the highest CAGR during the forecast period

The Asia-Pacific is the largest market for passive fire protection coatings, in terms of both, value and volume, and is expected to be the fastest-growing region. Increasing industrialization and end-use industries are expected to lead to an increase in the demand for passive fire protection coatings in this region. The booming construction industry is expected to drive the demand for passive fire protection coatings in buildings in the public and private sectors in this region. The regulations in this region are a driver for the passive fire protection coatings market. Moreover, the rising middle-class population coupled with increasing consumer spending has further contributed to the high demand in Asia-Pacific countries, such as China, Japan, and India.

Key players in the passive fire protection coatings market

Key players operating in the passive fire protection coatings market include Akzo Nobel (The Netherlands), PPG Industries (US), The Sherwin-Williams Company (US), Promat International (Belgium), Carboline (US), Hempel A/S (Denmark), KANSAI PAINT (Japan), Nullifire  (UK), Jotun (Norway), and Teknos Group (Finland).

Extrusion Coating Market by Material Type, Substrate, and Region - Global Forecast to 2022

The report "Extrusion Coating Market by Material Type (LDPE, EVA, PP), Substrate (Paper & Paperboard, Polymer Films, Aluminum Foil), and Region - Global Forecast to 2022", The extrusion coating market was valued at USD 4.10 Billion in 2016 and is projected to reach USD 5.64 Billion by 2022, at a CAGR of 5.5% during the forecast period. In this study, 2016 has been considered as the base year and 2017 to 2022 as the forecast period for estimating the market size for extrusion coating. The growth of the extrusion coating market across the globe is fueled by the high demand from the packaging industry and increasing global demand for extrusion coatings in Asia Pacific, South America, and Middle East & Africa region.

LDPE is the largest segment of the extrusion coating market and is projected to grow at the highest CAGR from 2017 to 2022.

LDPE is of great importance due to its easy processing, higher melt strength, and superior optical properties in comparison with linear polyethylene. It has a good moisture barrier and sealability properties and hence is used in applications such as liquid packaging, food packaging, folding carton, and others. It is resistant to impact, moisture, chemicals, and is recyclable. LDPE is the largest and fastest-growing type segment of polymers used in the extrusion coating market. The growing application of LDPE in various end-use industries such as packaging, automotive, building & construction, medical & pharmaceutical, consumer goods, and others is expected to drive the extrusion coating market in the coming future.

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Though the extrusion coating market is expected to grow at a fast pace across the globe, the increasing carbon footprint due to the use of polymer resins is a major restraint toward the growth of the extrusion coating market. Polymers used in extrusion coatings are LDPE, EVA, PP, and others. Processing these polymers results in harmful byproducts generated during the processing which could also lead to an increase in carbon footprint.

Among substrates, the paper & paperboard segment is projected to lead the extrusion coating market from 2017 to 2022.

Paper & paperboard is the largest substrate segment. This is due to the superior properties of paperboard such as lightweight, recyclability, low cost, and environment-friendliness. Paper & paperboard is used for packaging various food items such as snacks, vegetables, and others. These factors are expected to drive the growth of the paper & paperboard segment.

The Asia Pacific region is the largest market for extrusion coating across the globe.

Asia Pacific is the global forerunner in the extrusion coating market, in terms of value and volume, and this trend is expected to continue till 2021. Countries in this region such as China, India, Japan, South Korea, and Indonesia are witnessing significant increase in the use of extrusion coatings in the packaging segment of the food & beverages industry. The growth of the Asia Pacific extrusion coating market is also attributed to the rapid economic growth and increasing population that is driving the demand for extrusion coating materials from various end-use industries in this region. China is the fastest-growing market and this trend is estimated to continue till 2022.

There are a few global players operating in the extrusion coating market. These companies are actively investing in various strategies, such as expansions, new product launches, mergers & acquisitions, and joint ventures to increase their market shares to further strengthen their position in the extrusion coating market. Dow Chemical (US), Exxon Mobil (US), Borealis AG (Austria), Celanese Corporation (US), Chevron Phillips (US), DuPont (US), LyondellBasell Industries Holdings B.V. (US), Qenos Pty. Ltd. (Australia), and SABIC (Saudi Arabia) are the leading players in the extrusion coating market who have adopted various organic and inorganic strategies to ensure their growth in this market.

Polymer Modified Cementitious Coatings Market Projected to Reach 1.66 Billion USD by 2022

The report "Polymer Modified Cementitious Coatings Market by Polymer Type (Acrylic Polymer and SBR Latex), Application (Non-Residential Buildings, Residential Buildings, and Public Infrastructures), and Region - Global Forecast to 2022", The polymer modified cementitious coatings market is estimated to be USD 1.23 Billion in 2017 and is projected to reach USD 1.66 Billion by 2022, at a CAGR of 6.2% from 2017 to 2022.

The growth of this market can be attributed to the increasing demand for polymer modified cementitious coatings from the residential buildings sector. In addition, government initiatives to support infrastructural developments in the Asia Pacific region are anticipated to drive the growth of the polymer modified cementitious coatings market.

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Growing demand for polymer modified cementitious coatings from the residential buildings segment is expected to drive the market for polymer modified cementitious coatings.

The polymer modified cementitious coatings market has been segmented on the basis of polymer type, application, and region. Based on polymer type, the acrylic polymer segment led the polymer modified cementitious coatings market in 2016, owing to the use of its varied derivatives across various applications. Based on application, the residential buildings segment led the polymer modified cementitious coatings market in 2016, owing to increase in construction activities across all regions.

The shelf life of the polymer modified cementitious coatings is restricted to 3-5 years. Therefore, polymer modified cementitious coatings market growth is restrained due to the limited shelf life. In addition, any price fluctuation of the raw materials required in the production of this coating is a major challenge in the growth of polymer modified cementitious coatings market.

Asia Pacific is the largest market for polymer modified cementitious coatings

The Asia Pacific region led the polymer modified cementitious coatings market in 2016; this region is expected to continue its dominance in the near future. The high demand for polymer modified cementitious coatings from the construction industry and infrastructural development in countries, such as China and India, are key factors driving the growth of polymer modified cementitious coatings market in the Asia Pacific region.

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Key players operating in the polymer modified cementitious coatings market are BASF SE (Germany), Sika AG (Switzerland), Arkema S.A. (France), Fosroc International Limited (UK), Mapei S.p.A. (Italy), Akzo Nobel N.V. (Netherlands), The Dow Chemical Company (US), Saint-Gobain Weber S.A. (France), The Lubrizol Corporation (US), Evercrete Corporation (US), Celanese Corporation (US), Lafarge Malaysia Berhad (Malaysia), Flexcrete Technologies Limited (UK), Pidilite Industries Limited (India), H.B. Fuller (US), Organik Kimya San. ve Tic. A.S. (Turkey), and Berger Paints India Limited (India).

The global Anti-Corrosion Coating Market projected to reach USD 31.73 Billion by 2022, at a CAGR of 5.0%

The report "Anti-Corrosion Coating Market by Type (Epoxy, Polyurethane, Acrylic, Alkyd, Zinc), Technology (Solvent, Water, Powder), End-Use Industry (Marine, Oil & Gas, Industrial, Infrastructure, and Power Generation) - Global Forecast to 2022", The global anti-corrosion coating market is estimated to be USD 24.84 Billion in 2017 and is projected to reach USD 31.73 Billion by 2022, at a CAGR of 5.0% from 2017 to 2022.

Rising losses due to corrosion are one of the most significant factors influencing the growth of the global anti-corrosion coating market. In addition, the growth of end-use industries such as power generation and automotive & transportation is further driving the demand for anti-corrosion coatings.

• The acrylic segment is expected to grow at the highest CAGR between 2017 and 2022
• The power generation segment is anticipated to be the fastest-growing end-use industry segment of the global anti-corrosion coating market
• Asia Pacific is anticipated to be the fastest-growing market for anti-corrosion coating during the forecast period

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Based on region, the global anti-corrosion coating market has been segmented into Asia Pacific, Europe, North America, the Middle East & Africa, and South America. The anti-corrosion coating market in the Asia Pacific region is anticipated to grow at the highest CAGR during the forecast period. This growth is mainly attributed to the increasing demand for anti-corrosion coating from the power generation and automotive & transportation industries in this region.

anti-corrosion coating market

This research study involves the extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg BusinessWeek, and Factiva) to identify and collect information useful for this technical, market-oriented, and commercial study of the global anti-corrosion coating market. Primary sources mainly include several industry experts from core and related industries and preferred suppliers, manufacturers, distributors, service providers, and organizations related to all segments of the industry’s supply chain. After arriving at the overall market size, the total market was split into several segments and subsegments.

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The fluctuating raw material cost is one of the major factors restraining the growth of the global anti-corrosion coating market. A majority of raw materials used for the production of anti-corrosion coatings are derived from petroleum. Fluctuations in crude oil prices impact the cost of raw materials such as acrylic, epoxies, polyurethanes, and alkyds used in the production of anti-corrosion coatings. Key players operating in the anti-corrosion coating market include AkzoNobel N.V. (Netherlands), PPG Industries, Inc. (US), Axalta Coating Systems Ltd. (US), BASF SE (Germany), The Sherwin-Williams Company (US), Ashland Inc. (US), Hempel A/S (Denmark), Jotun (Norway), RPM International Inc. (US), and Kansai Paint Co., Ltd. (Japan).