Market Overview:
The global hydrocarbon passive fire protection coatings market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for hydrocarbon passive fire protection coatings from end-use industries such as oil & gas, chemical, transportation & defense, and others. In addition, the growing awareness about the benefits of using hydrocarbon passive fire protection coatings is also contributing to the growth of this market. Based on type, the global hydrocarbon passive fire protection coatings market can be segmented into one-component and two-component types. The two-component type is expected to dominate this market during the forecast period owing to its superior properties such as high thermal stability and resistance against corrosion. Based on application, the global hydrocarbon passive fire protection coatings market can be segmented into oil & gas, chemical, transportation & defense, and others segments.
Product Definition:
Hydrocarbon passive fire protection coatings are used to protect substrates from the damaging effects of fire. The coatings work by forming a barrier between the substrate and the heat of the fire, preventing it from being damaged. Hydrocarbon passive fire protection coatings are important because they can help to protect buildings and other structures from damage in a fire.
One-component:
One-component passive fire protection coatings are used in applications where a single material is adequate to protect the substrate from high temperatures and pressures. The product is primarily employed in the oil & gas, petrochemical, power generation industries.
Increasing demand for one-component passive fire protection coatings from various end-use industries including oil & gas, petrochemical.
Two-component:
Two-component fire protection coatings are widely used in the hydrocarbon passive fire protection coatings market. These two component systems consist of a hardening agent and an organic solvent. The most commonly used hardening agents are tungsten disulfide, boron nitride, and molybdenum disulfide while the most commonly used organic solvents are toluene, xylene and ethylbenzene.
Application Insights:
The oil & gas application segment led the market and accounted for more than 35.0% share of the global revenue in 2017. The growth is attributed to rising production activities in Saudi Arabia, Russia, China, U.S., Canada and Brazil which are driving demand for protective coatings globally. In addition, increasing investments by companies such as StatoilHydro ASA; Repsol SAC; Eni SPA; and Total SA are expected to augment industry growth over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of major petrochemical manufacturers in China, India, South Korea and Japan has resulted in high product demand from various end-use industries such as paints & coatings, plastics, rubber and others.
The growing oil & gas industry coupled with increasing investments by multinational companies for exploration activities are anticipated to drive product demand over the forecast period. In addition, rising concerns regarding workplace safety have resulted in increased adoption of these passive fire protection coatings across numerous industries which will further propel growth during the forecast years.
North America accounted for a significant share owing to stringent regulations imposed on industrial establishments that involve risk of fire or explosion thereby driving demand from other sectors such as construction industry where there is a need for better safety measures against fire hazards resulting into higher adoption rates of these products among others applications areas.
Growth Factors:
- Increasing demand for hydrocarbon passive fire protection coatings from end-use industries, owing to the growing concerns over safety and security
- Proliferation of stringent regulations and codes pertaining to fire safety across the globe
- Rising investments in research and development activities for the development of novel hydrocarbon passive fire protection coatings technologies
- Growing awareness about the benefits of using hydrocarbon passive fire protection coatings among consumers
- Technological advancements in the field of hydrocarbon passive fire protection coatings that would lead to improved performance, efficiency, and quality
Scope Of The Report
Report Attributes
Report Details
Report Title
Hydrocarbon Passive Fire Protection Coatings Market Research Report
By Type
One-component, Two-component
By Application
Oil & Gas, Chemical, Transportation & Denfece, Others
By Companies
PPG Industries, Jotun, Sherwin-Williams, Kansai Paint, Aaronite Company, Inprocoat
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
204
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Hydrocarbon Passive Fire Protection Coatings Market Report Segments:
The global Hydrocarbon Passive Fire Protection Coatings market is segmented on the basis of:
Types
One-component, Two-component
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil & Gas, Chemical, Transportation & Denfece, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- PPG Industries
- Jotun
- Sherwin-Williams
- Kansai Paint
- Aaronite Company
- Inprocoat
Highlights of The Hydrocarbon Passive Fire Protection Coatings Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- One-component
- Two-component
- By Application:
- Oil & Gas
- Chemical
- Transportation & Denfece
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hydrocarbon Passive Fire Protection Coatings Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hydrocarbon passive fire protection coatings are a type of coating that is designed to protect surfaces from fire. Hydrocarbon coatings are made up of small, lightweight particles that are suspended in a liquid carrier. When the coating is applied to a surface, the small particles spread out and form a protective barrier against heat and flames.
Some of the major companies in the hydrocarbon passive fire protection coatings market are PPG Industries, Jotun, Sherwin-Williams, Kansai Paint, Aaronite Company, Inprocoat.
The hydrocarbon passive fire protection coatings market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hydrocarbon Passive Fire Protection Coatings Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hydrocarbon Passive Fire Protection Coatings Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hydrocarbon Passive Fire Protection Coatings Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hydrocarbon Passive Fire Protection Coatings Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hydrocarbon Passive Fire Protection Coatings Market Size & Forecast, 2020-2028
4.5.1 Hydrocarbon Passive Fire Protection Coatings Market Size and Y-o-Y Growth
4.5.2 Hydrocarbon Passive Fire Protection Coatings Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 One-component
5.2.2 Two-component
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Oil & Gas
6.2.2 Chemical
6.2.3 Transportation & Denfece
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hydrocarbon Passive Fire Protection Coatings Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hydrocarbon Passive Fire Protection Coatings Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 One-component
9.6.2 Two-component
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Oil & Gas
9.10.2 Chemical
9.10.3 Transportation & Denfece
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 One-component
10.6.2 Two-component
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Oil & Gas
10.10.2 Chemical
10.10.3 Transportation & Denfece
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 One-component
11.6.2 Two-component
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Oil & Gas
11.10.2 Chemical
11.10.3 Transportation & Denfece
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 One-component
12.6.2 Two-component
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Oil & Gas
12.10.2 Chemical
12.10.3 Transportation & Denfece
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 One-component
13.6.2 Two-component
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Oil & Gas
13.10.2 Chemical
13.10.3 Transportation & Denfece
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hydrocarbon Passive Fire Protection Coatings Market: Competitive Dashboard
14.2 Global Hydrocarbon Passive Fire Protection Coatings Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 PPG Industries
14.3.2 Jotun
14.3.3 Sherwin-Williams
14.3.4 Kansai Paint
14.3.5 Aaronite Company
14.3.6 Inprocoat
