Fire retardant paints have enormous opportunity to grow and partially replace the traditional paints market. The main driver of fire resistant paints market is the safety concerns of the people without compromising on the paint quality.
London, UK -- (SBWIRE) -- 03/13/2015 -- Most of the traditional paints available in the market lack fire retardant properties, and are in fact some of them are inflammable. According to National Fire Protection Association's (NFPA) publication in 2014, in U.S. each day seven lives are lost due to fire. On a global level even higher number could be expected due to lack of statistical data and reporting. Fire resistant paints are the need of the hour and several manufacturing companies have started to manufacture and market fire retardant paints. Changing lifestyle and methods of construction are increasingly adopting fire resistant materials and paints for commercial, residential, industrial, and infrastructure development.
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Fire retardant paints have enormous opportunity to grow and partially replace the traditional paints market. The main driver of fire resistant paints market is the safety concerns of the people without compromising on the paint quality. Fire resistant paints are extensively used in industrial buildings which house hundreds of people at any given time. Fire resistant paints are applied in walls, wooden surfaces and other materials and surfaces as per requirement. Fire resistant paint when properly coated bulges up to form a solid foam like appearance, when the temperature increases extraordinarily due to flames. The foam thus formed prevents the fire or the flame to intrude the solid foam surface and affect the surface which is coated with fire resistant paint.
This type of paint is capable of resisting fire for some time and helps in preventing loss of life and property until a more capable fire fighting method such as fire fighters, sprinklers etc, is adopted. Fire resistant paints however depend on the coating thickness. Optimum paint thickness is needed to be achieved so that the desired effect is realized in case of fire. The growing number of accidents worldwide due to accidental fires in closed environment is a primary reason for the growth in this market. Growing awareness among urban population regarding health and safety is again a factor for the growth of this market. Paints which were earlier conceived as a decorating application have evolved into safety application as well.
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The market for fire resistant paints is limited as the concept in niche. However tremendous opportunity exists for this product in the market. Although no standard has yet been officially established so as to determine the effectiveness of the products offered by different manufacturers, the product could be applied to a variety of surfaces and applications and has endless possibilities, especially in industrial setups which are prone to fire related accidents.
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