3M, GCP Applied Technologies Inc, and Akzo Nobel NV is Expected to Dominate the Global Passive Fire Protection Coatings Market in 2022

Global Passive Fire Protection Coatings Market is expected to grow with the CAGR of 4.6% in the forecast period of 2022 to 2029. The years considered for study are as mentioned below.

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Global passive fire protection coating market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global passive fire protection coating market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.

For instance,

  • In March 2021, Dyneon LLC, a 3M Company, announced the acquisition of the business of Hitech Polymers Inc., a manufacturer of specialty thermoplastic polymers and provider of toll thermoplastic compounding services based in Hebron. The addition of Hitech Polymers increases Dyneon’s ability to bring new solutions to existing customers faster.
  • In June 2020, Akzo Nobel N.V. acquired Colombia-based paints and coatings company Grupo Orbis to expand its long-term position in South and Central America. The acquisition will help the company to tap the untapped market.

3M

3M is headquartered in Minnesota, U.S. as public ownership it was founded in 1902. The company is focused on executing plans, and continuing to deliver exceptional value for their customers and premium returns for their shareholders. The company have several business segment which are Safety and Industrial, Transportation and Electronics, Health Care, Consumer out of which Safety and Industrial, Transportation and Electronics is focused business segment. The company has product category which are Abrasives, Adhesives, Sealants & Fillers, Advanced Materials, Automotive Parts & Hardware, Building Materials, Cleaning Supplies, Coatings, Communications, Compounds & Polishes, Dental & Orthodontics, Electrical, Electronic Components, Films & Sheeting, Filtration & Separation, Home, Insulation, Lab Supplies & Testing, Labels, Lubricants, Medical, Office Supplies, Personal Protective Equipment, Signage & Marking, Tapes, Tools & Equipment out of which building and material is market focused categories. The company has wide global presence in Asia-Pacific, Europe, Americas, and Middle East and Africa. Company have subsidiaries which are Kinetic Concepts (U.S.), 3M India ltd (India), 3M Japan Ltd (Japan), Ivera Medical Corporation (U.S.), among others

  • In March 2021, Dyneon LLC, a 3M Company, announced the acquisition of the business of Hitech Polymers Inc., a manufacturer of specialty thermoplastic polymers and provider of toll thermoplastic compounding services based in Hebron. The addition of Hitech Polymers increases Dyneon’s ability to bring new solutions to existing customers faster.

GCP Applied Technologies Inc.

GCP Applied Technologies Inc. headquartered in Massachusetts, U.S. as public ownership. The company is engaged in manufacturing concrete and cement additives, building materials and technologies that ensure specified quality and enhance business productivity. The company offers wide range of product categories such as Waterproofing, Air Barrier and Flashing, Flooring, Roofing Underlayment's, Fire Protection, Concrete, Ready Mix Concrete, Cement Additives, Precast Concrete, Injection Material, Bridge Deck, Hardscapes & Masonry, Highway Maintenance out of which Fire Protection is market focused category. The company has presence in North America, Europe, and Asia-Pacific. The company have several subsidiaries which are GCP Germany Gmbh(Germany), Gcp Brasil Industria E Comercio De Produtos Quimicos(Sorocaba), Gcp Argentina S.A.(Argentina), Gcp (hong kong) limited(Hong Kong), among others

Akzo Nobel N.V.

Akzo Nobel N.V. headquartered in Amsterdam, Netherlandsas public ownership and founded in 1994. The company is engaged in manufacturing coatings and sustainable paints while consistently innovating to deliver the most sustainable solutions to the end-users. The company have several business segment which are Decorative Paints, Performance Coatings out of which performance coatings is focused business segment. The company have product category which are Finish, Intermediate, Primer, Primer-Finish, Surface Tolerant, Lining, Passive Fire Protection, and Structural Concrete: Repair and Protection, Subsea, Abrasion Resistant and Splashzone, Temperature Resistance out of which Passive Fire Protection is market focused category. The company has wide global presence across the North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. The company have subsidiaries which are International Paint (U.K.), Tintas Coral Ltda. (Brazil), Mapaero SAS (France), ICI Dulux (Proprietary) Limited (South Africa), among others.

  • In June 2020, Akzo Nobel N.V. acquired Colombia-based paints and coatings company Grupo Orbis to expand its long-term position in South and Central America. The acquisition will help the company to tap the untapped market.