Fireproofing Coatings for Wood Market Size (2024 - 2029)

The fireproofing coatings for wood market is anticipated to experience growth driven by the expanding construction industry, particularly in the Asia-Pacific region, and increased demand for furniture, alongside stringent fire safety regulations. However, environmental regulations concerning wood coatings may pose challenges to market expansion. The architectural application sector is projected to lead the market, with rising interest in UV-cured fire coatings presenting future opportunities.

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Market Size of Fireproofing Coatings for Wood Industry

fireproofing coatings for wood market size
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 5.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

fireproofing coatings for wood market major players

*Disclaimer: Major Players sorted in no particular order

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 Segmentation

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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Fireproofing Coatings for Wood Market Size Summary

The fireproofing coatings for wood market is poised for significant growth, driven by the expanding construction industry, particularly in the Asia-Pacific region, and the increasing demand for fire-safe furniture. The market is also influenced by stringent fire safety regulations, which are becoming more prevalent. Architectural applications are expected to dominate the market, with a rising interest in UV-cured fire coatings presenting future opportunities. These coatings are essential for enhancing the stability, durability, and aesthetic appeal of wooden materials used in both interior and exterior applications. The need for fireproofing is particularly critical in areas exposed to moisture and weather fluctuations, such as bathroom doors and exterior fittings like barricades and gates.

China's robust construction sector continues to be a major driver of demand for fireproofing coatings, despite a slowdown in economic growth. The country's established fire safety regulations and its status as a manufacturing hub underscore the importance of fire safety, particularly in labor-intensive manufacturing sites. Government buildings and public institutions also represent significant consumers of these coatings. The market is characterized by its consolidated nature, with key players such as Lonza, Nordtreat, Sika AG, Teknos, and The Sherwin-Williams Company leading the industry. As demand from various applications increases, the market for fireproofing coatings for wood is expected to experience rapid expansion.

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Fireproofing Coatings for Wood Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Construction Industry, Predominantly in Asia-Pacific

      2. 1.1.2 Surge in Demand for Furniture

      3. 1.1.3 Stringent Fire Safety Norms

    2. 1.2 Restraints

      1. 1.2.1 Environmental Regulations Related to the Usage of Wood Coatings

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Product Type

      1. 2.1.1 Fire-resistant Coatings

        1. 2.1.1.1 Technology

          1. 2.1.1.1.1 Water-borne

          2. 2.1.1.1.2 Solvent-borne

          3. 2.1.1.1.3 UV-cured

          4. 2.1.1.1.4 Other Technologies

        2. 2.1.1.2 Resin Type

          1. 2.1.1.2.1 Silicone

          2. 2.1.1.2.2 Epoxy

          3. 2.1.1.2.3 Acrylic

          4. 2.1.1.2.4 Vinyl

          5. 2.1.1.2.5 Other Resin Types

      2. 2.1.2 Fire-retardant Coatings

        1. 2.1.2.1 Coating Type

          1. 2.1.2.1.1 Halogenated

          2. 2.1.2.1.2 Non-halogenated

    2. 2.2 Application

      1. 2.2.1 Architectural

      2. 2.2.2 Non-architectural

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 Australia & New Zealand

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

        4. 2.3.2.4 Rest of North America

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle East & Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle East & Africa

Fireproofing Coatings for Wood Market Size FAQs

The Fireproofing Coatings for Wood Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

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

Fireproofing Coatings for Wood Report Snapshots

Fireproofing Coatings for Wood Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)