Global Fire-Resistant Paint Market Size to worth USD 1310.49 Million by 2033: Market Statistics Report

Global Fire-Resistant Paint Market Size to worth USD 1310.49 Million by 2033                 

According to a research report published by Spherical Insights & Consulting, The Global Fire-Resistant Paint Market Size is Expected to Grow from USD 1009.36 Million in 2023 to USD 1310.49 Million by 2033, at a CAGR of 2.65% during the forecast period 2023-2033. 

Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Fire-Resistant Paint Market Size, Share, and COVID-19 Impact Analysis, By Type (Powder, Liquid, and Others), By Application (Oil & Gas, Building & Construction, Electrical & Electronics, Aerospace, Automotive, Textiles, Marine, Furniture, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.   

Fire-resistant paints also referred to as intumescent paints or fire-retardant coatings, are specifically made paints that are intended to protect surfaces from fire. By creating a protective barrier in the presence of high temperatures, these paints reduce damage and slow the development of fire. Government investments in infrastructure development are increasing the demand for fire-resistant materials, particularly paints, to protect new structures and meet safety standards. Rapid urbanization and population growth also contribute to this demand. The paint industry is developing new, improved fire-resistant paints with longer fire resistance ratings, better adhesion, and environmentally friendly formulations to meet evolving safety requirements. This continuous evolution reflects the industry's commitment to enhancing safety and performance in modern construction and renovation projects. Governments are realizing the significance of urban fire safety more and more. The Indian government has put regulations like IS 9109 into effect to guarantee fire safety in industrial buildings, including paint and varnish plants. Initiatives are also being made to increase awareness and implement state-of-the-art solutions to reduce the risk of fire in crowded metropolitan settings. However, the global market for fire-resistant paints is anticipated to grow more slowly due to rising pricing.

The powder segment is predicted to hold the greatest market share through the forecast period.

Based on the type, the fire-resistant paint market is classified into powder, liquid, and others. Among these, the powder segment is predicted to hold the greatest market share through the forecast period. Fire-resistant paints with a powder base are preferred because of their strength and ability to function well in challenging environments. Their exceptional coverage and ability to withstand high temperatures make them perfect for industrial settings like oil and gas operations.

The building & construction segment is anticipated to hold the highest market share during the projected timeframe.    

Based on the application, the fire-resistant paint market is divided into oil & gas, building & construction, electrical & electronics, aerospace, automotive, textiles, marine, furniture, and others. Among these, the building & construction segment is anticipated to hold the highest market share during the projected timeframe. This is a result of stricter fire safety laws, a rise in building projects, and the requirement to safeguard structural components in homes, businesses, and industries.

North America is estimated to hold the largest share of the fire-resistant paint market over the forecast period.

North America is estimated to hold the largest share of the fire-resistant paint market over the forecast period. North America's significant global construction market, with over a billion dollars in disbursements, drives demand for fire-resistant paints due to the rapid progress of post-recession projects and the significant construction potential. With over 2 million fire hazards reported annually in the U.S., people are becoming more safety-conscious and building fireproof houses.

Asia Pacific is predicted to have the fastest CAGR growth in the fire-resistant paint market over the forecast period. Rapid growth in educational construction led to an increase in the fire-resistant paint market. China's construction sector is expected to further drive this market.

Company Profiling

Major key players in the fire-resistant paint market include Satya Firotech India Pvt. Ltd., Flame Control Coatings, LLC, Contego Industries, Inc., Retardants, Inc., and Others.   

Recent Development

• In November 2024, Flame Security International (FSI) introduced a new fire-retardant paint that received the greatest fire-retardant performance rating ever given to paint. Exolit AP 422 from Clariant is a melamine-free flame retardant that addresses health and environmental issues while offering exceptional fire resistance in a variety of applications.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the fire-resistant paint market based on the below-mentioned segments:

Global Fire-Resistant Paint Market, By Type

• Powder
• Liquid
• Others

Global Fire-Resistant Paint Market, By Application

• Oil & Gas
• Building & Construction
• Electrical & Electronics
• Aerospace
• Automotive
• Textiles
• Marine
• Furniture
• Others

Global Fire-Resistant Paint Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa