Fireproofing Coatings for Wood Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The market is segmented by Product Type (Fire-resistant Coatings, and Fire-retardant Coatings), Application (Architectural and Non-architectural), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa).

Wood Fireproofing Coatings Industry Overview

fireproofing coatings for wood market size
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: > 5 %

Major Players

fireproofing coatings for wood market major players

*Disclaimer: Major Players sorted in no particular order

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Wood Fireproofing Coatings Market Analysis

The fireproofing coatings for the wood market is expected to register a CAGR of over 5% during the forecast period. The major factors driving the market studied include the growing construction industry, predominantly in Asia-Pacific, the surge in demand for furniture, and stringent fire norms. Environmental regulations related to the usage of wood coatings are expected to significantly hinder the growth of the market studied.

  • Architectural application is expected to dominate the global market, during the forecast period.
  • Rising demand for UV-cured fire coatings is likely to act as opportunities in the future.

Wood Fireproofing Coatings Industry Segments

The fireproofing coatings for wood market report includes:

Product Type
Fire-resistant Coatings
Technology
Water-borne
Solvent-borne
UV-cured
Other Technologies
Resin Type
Silicone
Epoxy
Acrylic
Vinyl
Other Resin Types
Fire-retardant Coatings
Coating Type
Halogenated
Non-halogenated
Application
Architectural
Non-architectural
Geography
Asia-Pacific
China
India
Japan
Australia & New Zealand
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Wood Fireproofing Coatings Market Trends

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

Increasing Demand for Architectural Application

  • Since ancient times, wood has been widely used in various interior and exterior architectural applications, owing to its unique properties.
  • Fireproofing wood coatings are used in the interior of the houses to impart stability, durability, and attractive appearance to wooden materials. Their quality and appearance vary, depending upon the type of environment and the room that they are used on.
  • For example, due to moisture, bathroom doors, and shelf and partitions need to have wooden material.
  • Fireproofing wood coatings are essential here, in order to ensure the safety of house and property.
  • The exterior wood fittings, such as barricade, gates, etc., require flameproof coating, along with weatherproofing, in order to withstand weather fluctuations and changes over the period.
  • Therefore, from the above-mentioned factors, the growth of fireproofing coatings for wood is expected to, increase during the forecast period.
fireproofing coatings for wood market trends

China to Dominate the Demand in the Asia-Pacific Region

  • Although the rate of China’s economic growth is slowing, the country’s economy and its construction market continue to grow. China is expected to maintain its position as the world’s largest construction market over the forecast period and is expected to account for a significant share of all new global construction between now and 2020. All these factors are expected to augment the rising demand for fire retardant coatings in China
  • China has already established a set of fire safety regulations, from policy-based regulations about fire prevention and reduction, to specific standards related to the requirements for fire safety facilities and monitoring processes.
  • Being a manufacturing hub, fire safety is given utmost importance and cannot be ignored at manufacturing sites, which are usually labor-intensive. 
  • Hence, the maximum consumption of fireproof coatings for wood goes into manufacturing sites. Government buildings and public institutions are other major consumers of fireproof coatings.
  • Moreover, China is a cost-sensitive market. Hence, coatings alternatives are generally adopted in areas that do not apply stringent regulations. 
  • Therefore, with increasing demand from various applications, the demand for fireproofing coatings for wood is expected to rapidly increase.
fireproofing coatings for wood market analysis

Wood Fireproofing Coatings Market Competitor Analysis

The fireproofing coatings for wood market is consolidated in nature. The major players of the market studied include Lonza, Nordtreat, Sika AG, Teknos, and the Sherwin-Williams Company, among others.

Wood Fireproofing Coatings Market Top Players

  1. Lonza

  2. Nordtreat

  3. Sika AG

  4. Teknos

  5. The Sherwin-Williams Company

*Disclaimer: Major Players sorted in no particular order

Lonza, Nordtreat, Sika AG, Teknos, Sherwin-Williams Company.

Wood Fireproofing Coatings Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Construction Industry, Predominantly in Asia-Pacific

      2. 4.1.2 Surge in Demand for Furniture

      3. 4.1.3 Stringent Fire Safety Norms

    2. 4.2 Restraints

      1. 4.2.1 Environmental Regulations Related to the Usage of Wood Coatings

    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. 5. MARKET SEGMENTATION

    1. 5.1 Product Type

      1. 5.1.1 Fire-resistant Coatings

        1. 5.1.1.1 Technology

          1. 5.1.1.1.1 Water-borne

          2. 5.1.1.1.2 Solvent-borne

          3. 5.1.1.1.3 UV-cured

          4. 5.1.1.1.4 Other Technologies

        2. 5.1.1.2 Resin Type

          1. 5.1.1.2.1 Silicone

          2. 5.1.1.2.2 Epoxy

          3. 5.1.1.2.3 Acrylic

          4. 5.1.1.2.4 Vinyl

          5. 5.1.1.2.5 Other Resin Types

      2. 5.1.2 Fire-retardant Coatings

        1. 5.1.2.1 Coating Type

          1. 5.1.2.1.1 Halogenated

          2. 5.1.2.1.2 Non-halogenated

    2. 5.2 Application

      1. 5.2.1 Architectural

      2. 5.2.2 Non-architectural

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 Australia & New Zealand

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

        4. 5.3.2.4 Rest of North America

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and 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 American Fire Coatings Inc.

      2. 6.4.2 Astra Vernici SRL

      3. 6.4.3 Contego International Inc.

      4. 6.4.4 Envirograf

      5. 6.4.5 Industria Chimica Adriatica SpA

      6. 6.4.6 Nordtreat

      7. 6.4.7 Rudolf Hensel GmbH

      8. 6.4.8 Teknos Group

      9. 6.4.9 The Sherwin-Williams Company

      10. 6.4.10 Woodenha

      11. 6.4.11 Lonza

      12. 6.4.12 Sika AG

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Rising Demand for UV-cured Fire Coatings

**Subject to Availability
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Wood Fireproofing Coatings Market Research FAQs

The Fireproofing Coatings for Wood Market is studied from 2018 - 2028.

The Fireproofing Coatings for Wood Market is growing at a CAGR of >5% over the next 5 years.

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

Asia Pacific holds highest share in 2021.

Lonza, Nordtreat, Sika AG, Teknos, The Sherwin-Williams Company are the major companies operating in Fireproofing Coatings for Wood Market.

Fireproofing Coatings for Wood Industry Reports

In-depth industry statistics and market share insights of the Fireproofing Coatings for Wood sector for 2020, 2021, and 2022. The Fireproofing Coatings for Wood research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Fireproofing Coatings for Wood report PDF.

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