Global Fire-resistant Coatings Market Report 2020-2025: New Rules for Green and Smart Buildings and Growing Focus on Obtaining Green Certification
December 14, 2020 08:58 ET | Source: Research and Markets Research and Markets Dublin, IRELAND
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The fire-resistant coatings market was USD 933 million in 2020 and is projected to reach USD 1,106 million by 2025, at a CAGR of 3.5% from 2020.
Increasing awareness and emphasis on safety measures and preference for lightweight materials, which require additional protection, are expected to drive the market. The stringent regulations and norms are also supporting market growth, as the newly constructed buildings and manufacturing plants need to meet the required safety and fire resistance standards.