| Product Code: ETC4479925 | Publication Date: Jul 2023 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India passive fire protection coatings market import shipment depicted a robust growth trend from 2020 to 2024, with a notable CAGR of 19.8%. The market momentum accelerated significantly between 2023 and 2024, showcasing a growth rate of 38.2%, indicating a rapid expansion phase during that period.
The India Passive Fire Protection Coatings market is thriving due to increasing emphasis on fire safety in construction and industrial applications. Passive fire protection coatings are essential to delay the spread of fire and protect critical structures. India growing infrastructure development and industrial growth have driven the demand for these coatings.
The India passive fire protection coatings market is experiencing growth primarily driven by the construction, infrastructure, and industrial sectors. Passive fire protection coatings are essential to enhance the fire resistance of structures and industrial equipment. With the growth of urbanization and infrastructure development in India, there is a rising need for fire-safe buildings and facilities. These coatings are applied to structural steel, concrete, and other materials to delay the spread of fire and protect critical infrastructure. The industrial sector also relies on passive fire protection to safeguard against fire-related accidents and protect valuable assets. Additionally, stricter building codes and safety regulations are propelling the adoption of passive fire protection solutions. As India continues to invest in its infrastructure and safety standards, the passive fire protection coatings market is poised for sustained growth.
The passive fire protection coatings market in India faces challenges in terms of infrastructure development and the adoption of modern building codes. Ensuring that structures are adequately protected against fire while balancing cost constraints can be a significant challenge. The market also has to contend with the need for ongoing maintenance and inspection to ensure the effectiveness of passive fire protection measures.
The India Passive Fire Protection Coatings market, serving industries like construction and oil & gas, faced challenges during the COVID-19 pandemic. Reduced construction activity and disruptions in the energy sector led to decreased demand for fire protection coatings. Companies in this market may need to explore innovative solutions and expand their offerings to adapt to the changing market dynamics. As the economy stabilizes and these industries regain momentum, the India Passive Fire Protection Coatings market is expected to recover, driven by safety and regulatory requirements.
Major players in India passive fire protection coatings market include AkzoNobel India, Jotun India Pvt. Ltd., PPG Asian Paints Private Limited, and Hempel India Pvt. Ltd. These companies specialize in producing fire-resistant coatings, emphasizing safety and protection against fire hazards in various structures and industries.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Passive Fire Protection Coatings Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Passive Fire Protection Coatings Market Revenues & Volume, 2021 & 2031F |
3.3 India Passive Fire Protection Coatings Market - Industry Life Cycle |
3.4 India Passive Fire Protection Coatings Market - Porter's Five Forces |
3.5 India Passive Fire Protection Coatings Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Passive Fire Protection Coatings Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 India Passive Fire Protection Coatings Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 India Passive Fire Protection Coatings Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Stringent government regulations mandating the use of passive fire protection coatings in commercial and residential buildings. |
4.2.2 Increasing awareness among consumers about the importance of fire safety measures. |
4.2.3 Growing construction and infrastructure development activities in India, leading to a higher demand for passive fire protection coatings. |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with the installation of passive fire protection coatings. |
4.3.2 Lack of skilled workforce for proper application and maintenance of passive fire protection coatings. |
4.3.3 Limited product innovation and technological advancements in the market. |
5 India Passive Fire Protection Coatings Market Trends |
6 India Passive Fire Protection Coatings Market, By Types |
6.1 India Passive Fire Protection Coatings Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Passive Fire Protection Coatings Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Passive Fire Protection Coatings Market Revenues & Volume, By Intumescent, 2021-2031F |
6.1.4 India Passive Fire Protection Coatings Market Revenues & Volume, By Cementitious, 2021-2031F |
6.2 India Passive Fire Protection Coatings Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 India Passive Fire Protection Coatings Market Revenues & Volume, By Water-Based, 2021-2031F |
6.2.3 India Passive Fire Protection Coatings Market Revenues & Volume, By Solvent-Based, 2021-2031F |
6.3 India Passive Fire Protection Coatings Market, By End Use Industry |
6.3.1 Overview and Analysis |
6.3.2 India Passive Fire Protection Coatings Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.3.3 India Passive Fire Protection Coatings Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.3.4 India Passive Fire Protection Coatings Market Revenues & Volume, By Transportation, 2021-2031F |
7 India Passive Fire Protection Coatings Market Import-Export Trade Statistics |
7.1 India Passive Fire Protection Coatings Market Export to Major Countries |
7.2 India Passive Fire Protection Coatings Market Imports from Major Countries |
8 India Passive Fire Protection Coatings Market Key Performance Indicators |
8.1 Number of new construction projects incorporating passive fire protection coatings. |
8.2 Percentage increase in adoption of passive fire protection coatings in key industries. |
8.3 Number of training programs conducted for workforce development in the passive fire protection coatings industry. |
9 India Passive Fire Protection Coatings Market - Opportunity Assessment |
9.1 India Passive Fire Protection Coatings Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Passive Fire Protection Coatings Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 India Passive Fire Protection Coatings Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 India Passive Fire Protection Coatings Market - Competitive Landscape |
10.1 India Passive Fire Protection Coatings Market Revenue Share, By Companies, 2024 |
10.2 India Passive Fire Protection Coatings Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |