Global fireproof coating market value is expected to exceed 31 billion US dollars by 2026

According to the latest research results, the global market size of passive protective coating (PFP) is about 16.7 billion US dollars in 2018, and the market value is expected to exceed 31 billion US dollars by 2026 The annual compound growth rate during 2019-2026 is 8.2% PFP fire retardant coating has many varieties and wide applications, which can effectively inhibit, slow down and expand the fire spread Different from the active fire retardant coating (AFP) system, PFP fire retardant coating can play an effective protective role without too much excitation action Moreover, PFP fire retardant coating can also be used in combination with various materials, buildings, structural parts, etc., with relatively low maintenance cost Many countries and regions around the world have made appropriate fire prevention regulation adjustment according to the advantages of PFP fire retardant coating For example, in the UK, building owners, designers, households, operators, etc all require the quality inspection of various building materials, at the same time, fire risk assessment must be carried out It is pointed out that in some countries and regions in Asia Pacific and Latin America, the construction industry is booming, which will significantly increase the demand for PFP fire retardant coating, especially in Asia Pacific region The continuous investment in infrastructure, residential buildings, commercial buildings and other fields has a significant role in promoting the market of fire retardant coating In addition, the subway and high-rise buildings in many big cities in the world alleviate the pressure of the lack of urban ground space With more and more subway and its supporting facilities, more and more fire retardant coatings are needed Moreover, with the gradual strengthening of fire safety regulations by relevant departments in many countries and regions, good opportunities have been brought to the development of PFP fire retardant coating market.