P.G. Industries, Inc., Akzo Nobel N.V, and 3M are Dominating the Global Intumescent Coatings for Fireproofing and Spray-Applied Fire-Resistive Materials Market in 2021

Global Intumescent Coatings for Fireproofing and Spray-Applied Fire-Resistive Materials Market is expected to grow with a CAGR of 5.1% in the forecast period of 2021 to 2028. The years considered for the study are as mentioned below.

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The intumescent coatings for fireproofing and spray-applied fire-resistive materials market is a highly consolidated market, which includes a specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenarios.

The major players dealing in global intumescent coatings for fireproofing and spray-applied fire-resistive materials market are introducing a strong range of product portfolios. This helped companies to maximize sales with an enhanced product portfolio.

For instance,

  • In June 2021, Carboline announced that it is acquiring Dudick Inc., a prominent leader of high-performance coatings in the world. The company expects to diversify its product portfolio and expand its overall business with this acquisition.
  • In June 2019, GCP Applied Technologies Inc. was honoured with the Women on Boards award for achieving at least 20% women's representation in the company board. Women on Boards are a collective that works to spread awareness and momentum towards ensuring ample women participation in public company boards. The company expects this award to improve its goodwill and help it to achieve a name among its competitors.

Intumescent Coatings For Fireproofing and Spray-Applied Fire-Resistive Materials MarketPPG Industries, Inc.

PPG Industries, Inc., headquartered in Pennsylvania, U.S.was founded in 1883 and is a publically owned company. The company focuses on the manufacture and sales of different types of coatings used in varied industries such as construction, automotive, among others. The company has a wide range of products for various industries such as aerospace, automotive OEM, automotive refinish, industrial coatings, packaging coatings, protective and marine coatings, traffic solutions, specialty coatings, and materials. Out of these, protective and marine coatings is the company's focused industry. The major segments of the company are performance coatings and industrial coatings, of which performance coatings are the market-focused segment.

  • In June 2021, PPG Industries, Inc. introduced a new intumescent coating system named PPG PITT-CHAR NX, a flexible epoxy-based intumescent coating system applicable to offshore and onshore environments. The new product is expected to expand the company's product portfolio as well as helps in its revenue growth.

The company has a global presence across Asia-Pacific, North America, South America, Europe, Middle East, and Africa. The major subsidiaries of the company are PPG Industries International, Inc. (Hong Kong), PPG Industries Europe Sàrl (Switzerland), PPG Industrial do Brasil - Tintas e Vernizes - Ltda. (Brazil), PPG Architectural Finishes, Inc (U.S.), Pinetree Stockholding Corporation (U.S.), among others.

Akzo Nobel N.V

Akzo Nobel N.V is headquartered in Amsterdam, the Netherlands. It was founded in the year 1646 and is a publicly owned company. The company focuses on the manufacture of paints and coatings for use in varied industries, with sustainability as its key motto. The major market segment of the company is decorative paints and performance coatings, of which the market-focused segment is performance coatings. The company owns brands such as AkzoNobel, Alabastine Alba, Apla, Armstead Trade, Astral, Awlgrip, Bruguer, Cetabever, Cetol Chemcraft, Colourland paints, Coral, Cromadex, Cuprinol, Dulux, Dulux Professional, Dulux Trade, Dulux Valentine, Dynacoat, Flexa, Hammerite, Herbol, Inca, Innenweis, Interlux, International, Interpon, Lesonal, Levis, Luxol Marshall, Mason CT, Mauvilac, Maxilite, Modern Classikk, Molto, Nordsjö, Nordsjö Professional, Oxirite, Pinotex, Polycell Polyfilla, Polyfilla Pro, Procolor, Relest, Resicoat, Sadolin, Sadolin Dulux, Salcomix, Savana, Sikken, Sikkens Wood Coatings Sparlack, Taubmans, Titanlux, Trimetal, U-Tech, Vivechrome, VPowdertech, Wanda, Xyladecor, Xylazel, Zweihorn of which the market focused brand is International.

  • In February 2021, Akzo Nobel N.V. inaugurated a new R and D facility dedicated to developing low-cure powder coatings for surfaces such as plywood, composites, and other sensors to heat. The company expects this new facility to improve the quality of its products and technologies.

The company has a presence in Europe, Asia-Pacific, North America, South America, Middle East, and Africa. The company owns subsidiaries such as International Paint (U K), Mapaero SAS (France), AkzoNobel Pulp and Performance Chemicals (U.S), J.P. Mcdougall and Co. Ltd. (U.K.), DISATECH SAS (France), among others.

3M

3M is headquartered in Minnesota, U.S. It is a publically owned company that was founded in 1902. The company is engaged in the manufacturing of technical and innovative products that can improve the lives of customers. The company has product categories such as abrasives, adhesives and tapes, advanced materials, aerospace and aircraft maintenance, animal and pet care, architecture and construction, automotive, car and boat care, chemicals, decorating, organizing and crafts, dental, electronics materials, facility and site safety, facility cleaning and maintenance, films, filtration, food safety and microbiology, foodservice and hospitality, hand hygiene, home care and cleaning, home improvement, home office and school supplies, medical tapes, orthodontic, painting equipment and supplies, patient monitoring, personal health care, personal protective equipment, power storage and conversion, signs and displays, skin and wound care, sports, and recreation, sterilization monitoring, surgical solutions, traffic and vehicle safety, wire and cable, among which, building materials is the market-focused segment. The major market segments of the company are safety and industrial, transport and electronics, health care, and consumer, of which the market focused one is safety and industrial.

  • In November 2020, 3M announced a partnership with Safran Cabin to design the aircraft's interior by considering the safety and connectivity of the flyers. This has helped in the expansion of the business with a rise in sales and revenue of 3M.

The company has a wide global presence in Asia-Pacific, Europe, the Americas, Middle East, and Africa.

The company owns subsidiaries such as 3M Japan) Ltd (Japan), Kinetic Concepts (U.S.), 3M Thailand ltd (Thailand), 3M Scott Fire and Safety (U.S.), 3M Nederland B.V. (Netherlands), Ceradyne (U.S.), CUNO Inc. (U.S.), 3M Taiwan ltd (Taiwan) and others.