The Global Fire Resistant
Paints Market is expected to observe very high market growth at rising CAGR in
forthcoming period. Fire resistant paints have become the need of the hour
because of scores of lives has been lost globally on account of fires.
Furthermore, changing lifestyles and new and ergonomic construction methods are
feeling its pangs so an increasing need to adopt fire resistant materials and
paints for commercial, industrial and infrastructures is on the rise.
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Growth factors for fire
resistant paints market are protecting lives due to calamity without damaging
exterior wall finish. Fire resistant paints have a tendency to bulge when fire
erupts thus protecting the paint-covered surface from rising flames and prevent
loss of property. The foam obstructs the fire from penetrating the surface and
destroying the wall exterior. This adds to the statement that fire resistant
paints travel a long way in preventing damage to lives and loss of property.
The fire-resistant paints act as a first line of defense till such a time when
fire-fighters do not reach the scene. Fire-resistant paints are increasingly
used in industrial buildings that house hundreds of people at any given time.
The urban lifestyles and
accidents resulting in closed premises due to accidental fires are growth
-related factors to fire resistant paints market. Additionally, people
awareness regarding health and safety constraints and with the startling
discovery that paints which were once considered a decorative application is
now a safety application as well adds as a growth factor for fire resistant
paints market.
Though being an entry market,
fire resistant paints are seizing the opportune moment to strike in a
fast-moving market. The application has wide uses in industrial setups prone to
fire-related accidents. Segmentation of fire resistant paints markets by
application includes Building and construction, oil and gas, automotive,
aerospace and marine, electrical and electronics, furniture and textiles.
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