Fire Retardant Coatings Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The market is segmented By Technology (Water-borne, Solvent-borne, Powder Coatings, and Others), Resin Type (Silicone, Epoxy, Acrylic, Vinyl, and Other Resin Types), Coating Type (Intumescent Coating and Cementitious Coating), End-user Industry (Building & Construction, Power, Transportation, Oil & Gas, and Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa)

Fire Retardant Coatings Market Size

fire protection coatings market share
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: > 5 %

Major Players

fire protection coatings market companies

*Disclaimer: Major Players sorted in no particular order


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Fire Retardant Coatings Market Analysis

The market for fire retardant coatings is expected to grow at a CAGR of more than 5 % during the forecast period. Major factors driving the market studied are increasing construction activities across the globe, and growth in oil & gas exploration activities

  • The strong rise in shale gas production is likely to act as an opportunity for the market.
  • Asia-Pacific dominated the market across the globe with the largest consumption in a country such as China, India, etc.

Fire Retardant Coatings Industry Segmentation

The fire retardant coatings market report includes:

Resin Type
Other Resin Types
Powder Coatings
Coating Type
Intumescent Coating
Cementitious Coating
End-user Industry
Building & Construction
Oil & Gas
South Korea
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Fire Retardant Coatings Market Trends

This section covers the major market trends shaping the Fire Retardant Coatings Market according to our research experts:

Intumescent Coatings Segment to Dominate the Market

  • Intumescent coatings are mostly used in passive fire protection. Intumescent coatings are typically water-based, solvent-based, or epoxy-based paint-like materials, which expand by many times of their original thickness, when heated to form an insulating char to protect the substrate, such as exposed structural steel or sheetrock in the event of fire accidents.
  • Solvent-based or water-based thin film coating systems are used for fire protection in buildings with the resistance requirement of 30, 60, and 90 minutes. The demand for intumescent coatings is majorly dependent on construction spending.
  • Non-residential construction spending in the United States continues to increase and outpace residential construction. The total share of the value of construction put in place into non-residential construction in the United States was over 58% in 2018. The average growth in total construction spending in the United States has been over 6% over the past five years.
  • Moreover, there is an increasing demand for intumescent coatings in specialty coatings sub-segments, such as marine, onshore/offshore oil and gas production, transportation, and new industrial and commercial construction.
  • The changing needs of the building and construction industry are driving the demand for advanced construction materials such as intumescent coatings. With increasing investments in the global construction industry, supported by stringent policies and regulations, the market for intumescent fire retardant coatings.
  • Hence, this is expected to in-turn increase the demand for fire retardant coatings across the globe over the forecast period.
fire protection coatings market size

United States to Dominate the Market

  • The construction industry in the United States has witnessed rapid growth as a result of increased private sector spending on residential construction. Residential construction in the country is projected to have a growth of almost 6% in the forecast period due to an increase in the construction of single and multiple family housing in the country.
  • Some of the most expensive construction projects in the United States, which are currently underway are: Hudson’s Development, Detroit (USD 1 billion), One Vanderbilt, New York (USD 3.14 billion), DHS border wall long-term strategy (USD 15 billion), phase 3 of the second avenue subway project – MTA – New York city transit (USD 14.2 billion), gateway hudson tunnel project (USD 12.7 billion), and JFK international airport expansion and renovations (USD 13 billion).
  • Furthermore, according to the Federal Aviation Administration (FAA), the total commercial aircraft fleet is expected to reach 8,270 in 2037 owing to the growth in air cargo. Also, the US mainliner carrier fleet is expected to grow at a rate of 54 aircrafts per year due to the existing fleet getting older.
  • Hence, with the rapid increase in demand from the various end-users, the demand for fire retardant coatings in United States is expected to increase at a significant rate over the forecast period.
fire protection coatings market trends

Fire Retardant Coatings Industry Overview

The fire retardant coatings market is consolidated. Some of the major players include 3M, Akzo Nobel N.V., RPM International Inc, PPG Industries, Inc., and The Sherwin-Williams Company, amongst others. 

Fire Retardant Coatings Market Leaders

  1. 3M

  2. Akzo Nobel N.V.

  3. RPM International Inc

  4. PPG Industries, Inc

  5. The Sherwin-Williams Company

*Disclaimer: Major Players sorted in no particular order

3M, Akzo Nobel N.V., RPM International Inc, PPG Industries, Inc, The Sherwin-Williams Company

Fire Retardant Coatings Market Report - Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Increasing Construction Activities Across the Globe

      2. 4.1.2 Growth in Oil & Gas Exploration Activities

    2. 4.2 Restraints

      1. 4.2.1 High Competition from Other Technologies

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Technological Snapshot

      1. 4.5.1 Thermal Evaporation

      2. 4.5.2 Sputter Deposition

      3. 4.5.3 Arc Vapor Deposition

      4. 4.5.4 Ion Implantation


    1. 5.1 Resin Type

      1. 5.1.1 Silicone

      2. 5.1.2 Epoxy

      3. 5.1.3 Acrylic

      4. 5.1.4 Vinyl

      5. 5.1.5 Other Resin Types

    2. 5.2 Technology

      1. 5.2.1 Water-borne

      2. 5.2.2 Solvent-borne

      3. 5.2.3 Powder Coatings

      4. 5.2.4 Others

    3. 5.3 Coating Type

      1. 5.3.1 Intumescent Coating

      2. 5.3.2 Cementitious Coating

    4. 5.4 End-user Industry

      1. 5.4.1 Building & Construction

      2. 5.4.2 Power

      3. 5.4.3 Transportation

      4. 5.4.4 Oil & Gas

      5. 5.4.5 Others

    5. 5.5 Geography

      1. 5.5.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.5.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.5.3 Europe

        1. Germany

        2. United Kingdom

        3. Italy

        4. France

        5. Rest of Europe

      4. 5.5.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.5.5 Middle East & Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle East & Africa


    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 Akzo Nobel N.V.

      3. 6.4.3 Albi Protective Coatings

      4. 6.4.4 Benjamin Moore & Co

      5. 6.4.5 Carboline

      6. 6.4.6 Contego International Inc.

      7. 6.4.7 Hempel AS

      8. 6.4.8 Isolatek International

      9. 6.4.9 Jotun

      10. 6.4.10 No-Burn, Inc.

      11. 6.4.11 PPG Industries, Inc.,

      12. 6.4.12 RPM International Inc

      13. 6.4.13 The Sherwin-Williams Company

      14. 6.4.14 TREMCO ILLBRUCK

    5. *List Not Exhaustive

    1. 7.1 Strong Rise in Shale Gas Production

    2. 7.2 Other Opportunities

**Subject to Availability
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Fire Retardant Coatings Market Research FAQs

The Fire Retardant Coatings Market is studied from 2018 - 2028.

The Fire Retardant Coatings Market is growing at a CAGR of >5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2018 - 2028.

North America holds highest share in 2021.

3M, Akzo Nobel N.V., RPM International Inc, PPG Industries, Inc, The Sherwin-Williams Company are the major companies operating in Fire Retardant Coatings Market.

Fire Retardant Coatings Industry Report

Statistics for the 2023 Fire Retardant Coatings market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Fire Retardant Coatings analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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