The augmenting population, urbanization,
and new technological advancement in coatings have a positive impact in terms
of growth prospects in the intumescent coatings market. The rising population
is creating a demand influx in the construction sector due to which there is an
expected rise in the demand for intumescent coatings. The analyst of IndustryARC
has valued the global intumescent coating market at $900 million as of 2018, and the
demand is estimated to grow at a compound annual growth rate (CAGR) of 4.10%
during the forecast period of 2019 to 2025.
The IndustryARC’s latest market research report is titled “Intumescent Coatings Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast (2019-2025)”. The report also documents that demand for the intumescent coatings market is expected to grow due to imposed fire safety regulations by the governments globally.
Global Intumescent Coatings Market: Demand Analysis
Intumescent paints are the fire-proofing
and fire-stopping coatings that are used in buildings, steel, iron, and wood. Ablative
coatings and cable coatings are two different types of intumescent coatings.
Ablative coating is mostly used in the aerospace and defense industries. Cable
coating is widely used in the building and residential sector. Furthermore,
passive fire protection is the component of structural fire protection and fire
safety in buildings.
Global Intumescent Coatings Market: Leading Segments
The growth of APAC in the global intumescent
coatings market is attributable to the contribution of APAC countries such as
China, India, the Philippines, and Vietnam that have the most potential market for
automobiles due to numerous manufacturing and assembly plants as well as huge consumer base. In addition, the
fastest developing economies such as India and China in construction is
expected to create consistent demand for the intumescent coatings product. APAC
contributed around 25% of regional share in 2018 as it is the largest revenue-generating the region in the intumescent coatings market.
The key application segment in the
intumescent coatings market is the oil and gas sector, as cited by the
IndustryARC’s analyst in the report. The opportunities for growth in this application is projected to observe a
healthy CAGR of 4.50% during the forecast period of 2019 to 2025.
Increasing Fire Accidents –
The fire can
spread rapidly depending upon its cause which results in life and properties
losses. This has led to the implementation of stringent safety regulations and
fire protection codes. This is the most important growth driver responsible for
the intumescent coatings market.
The Demand for Lightweight Materials –
factor that is driving growth in the intumescent coating market is the
increasing demand for lightweight materials that are used in the buildings and
construction industry. The usage of intumescent coatings materials is more
advantageous as it reduces the overall weight of the structure.
Eco-Friendly Coatings –
There is the emergence of advanced coating technologies. The advanced intumescent coatings
don’t produce volatile organic compound or VOCs, which makes the coatings an eco-friendly alternative for a various sector.
It is quite evident that water-based
products showcase major benefits. The trend is that the thousands of steel are
successfully fire protected with water-based coatings. One of such products is
ISOLATEK WB3 that is safer to use and imparts faster drying. Moreover, it
reduces over-coating intervals, which happens to be the reason the product is
gaining prominence in the market.
With Carbon Fiber Composites –
Fire protection with carbon fiber
composites has been driving the market trend in recent years. The widely used
carbon fiber intumescent coatings in the oil and gas industry is easy to handle
Some of the
key companies identified in the report that are currently holding majority
shares in the global intumescent coatings market are Sherwin Williams, PPG
Industries Inc., AkzoNobel NV, Jotun, Kansai Paint, Teknos Group, 3M, BASF,
Carboline, Demilec USA, Contego International, and Sika AG.
intumescent coatings market is prepared with the main agenda to cover the
following 20 points:
2. Market trends & Relevant Market
Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
Q. Does IndustryARC provide
customized reports and charge additionally for limited customization?
Response: Yes, we can
customize the report by extracting data from our database of reports and annual
subscription databases. We can provide the following free customization:
1. Increase the level of data in
application or end user industry.
2. Increase the number of countries in
3. Find out market shares for other
smaller companies or companies which are of interest to you.
4. Company profiles can be requested
based on your interest.
5. Patent analysis, pricing, product
analysis, product benchmarking, value and supply chain analysis can be
requested for a country or end use segment.
Mr. Venkat Reddy
Email 1: [email protected]
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About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.