The global Intumescent Coatings Market is anticipated to exhibit a healthy CAGR during the forecast period, according to a report available on Million Insights. Intumescent coating refers to fire resistant paint that is used in buildings to make them withstand high temperatures. The paint is inert at low temperatures and acts as excellent insulator at high temperature ranging 200 to 250 degree Celsius. In addition, it provides pleasing finish to the infrastructure by enhancing the appearance of structural steel.

Growing safety concerns in residential and commercial buildings to prevent major damages due to accidents is anticipated to propel intumescent coating market growth. Every year, hundreds of innocent humans die in sudden fire accidents due to suffocation and rampage. Thereby, it is essential to take all precautionary measures while constructing residential and commercial buildings. Intumescent coatings are able to make these buildings fire proof, which makes it suitable for humans. In addition, increasing use of lightweight materials in aerospace and construction industry is expected to impel intumescent coatings industry growth. Moreover, stringent regulations being imposed by government across various nations regarding protection of buildings from fire will drive the market over the forecast period.

To cater to rising demand for technologically advanced paints, manufacturing companies are investing in R&D to develop innovative products. For instance, in December 2018 Hempel launched passive fire protection coating called Hempafire Pro 315. This coating is aimed to protect steel structures during fire accidents. The paint offers advanced properties such as fast drying, low loadings, and improved efficiency.

Technology Insights:

Based on technology, the intumescent coatings market can be categorized into water based, solvent based, and epoxy based coatings. Water based segment is anticipated to witness fast growth over the forecast period. This is attributed to rising demand for paints that are free from volatile organic compounds (VOCs) to protect environment from harmful emissions. In addition, positive characteristics including superior finish, fire resistance, and faster drying will drive segment’s growth over the forecast period.

Access Sample Report of this report @ https://bit.ly/3yfUuNM

Application Insights:

In terms of application, the intumescent coatings market can be bifurcated into hydrocarbons and cellulosic. Hydrocarbons segment is expected to hold largest market share over the forecast period owing to increasing use in energy and oil and gas industries. Growing adoption of international standards in certification and testing of these products can drive segment’s growth. In addition, growing number of oil and gas exploration activities and high product demand in construction industry will segment’s growth.

End-Use Insights:

On the basis of end-use, the intumescent coating industry can be classified into oil & gas, automotive, construction, and others. Oil and gas segment is predicted to hold largest market share over the forecast period. This is attributed to increasing investments in deep water projects, exploration activities, marginal fields, and refining capacity expansion.

On the contrary, automotive sector is likely to witness significant growth in the coming years. Growing awareness among people regarding benefits of fire protection systems in buildings will drive segment’s growth.

Regional Insights:

Regional segmentation includes Asia Pacific, North America, Europe, Central & South America, and Middle East & Africa. In Asia Pacific, the market is predicted to dominate and hold largest market share during the forecast period. Rising number of construction activities in emerging economies including China and India can drive product demand in coming years. In addition, growth of automotive and aerospace sector will drive regional market growth.

Europe, on the other hand is anticipated to witness significant growth in coming years owing to highest number of safety regulations regarding fire protection and fire safety. Such regulations are likely to drive demand for fire proof paints.

Some of the key players in the intumescent coating market are Jotun, Sherwin-Williams, AkzoNobel, Contego International, and Hempel Marine Paints. Companies are adopting business strategies such as mergers and acquisitions to expand their product portfolio. In addition, companies are using advanced technology for production to gain competitive edge over others.

Browse Full Research Report With TOC on https://bit.ly/3mA26Zc

Get in touch

At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.

Contact Person:

Ryan Manuel

Research Support Specialist, USA

Email:ryan@millioninsights.com

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.

Global Intumescent Coatings Market: Market Trend and Growth Drivers
·

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 –
The major 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.

·

Water-Based Coatings –
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.

·

Amalgamation 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 and lightweight.

Global Intumescent Coatings Market: Competitive Landscape

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.

Talk to one of our sales representative about the full report by providing your details in the link below:
https://www.industryarc.com/support.php?id=500152

Related Reports:

Passive Fire Protection Coatings Market
https://www.industryarc.com/Research/Passive-Fire-Protection-Coatings-Market-Research-500087

 Fire Retardant Coatings Market
https://www.industryarc.com/Research/Fire-Retardant-Coatings-Market-Research-503049

Anticorrosion Coatings Market
https://www.industryarc.com/Report/11671/anticorrosion-coatings-market.html

What can you expect from the report?

The global intumescent coatings market is prepared with the main agenda to cover the following 20 points:

1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)

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 Landscape Analysis

9. Mergers & Acquisition Analysis 19. Opportunity Analysis

10. Patent Analysis 20. Revenue and Volume Analysis

Frequently Asked Questions:

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 geography chapter.

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.

Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

To request for a quote provide your details in the below link:
https://wwwindustryarc.com/reports/request-quote?id=500152

 Media Contact:

Mr. Venkat Reddy

Sales Manager

Email : sales@industryarc.com

Contact Sales: +1-614-588-8538 (Ext-101)

A research report on the “Global Intumescent Coatings Market Size 2017 By Fire Type (Hydrocarbon and Cellulosic), by Application (Building & Construction, Oil & Gas and Automotive), and by Region and Forecast 2018 to 2025” has recently been published by Adroit Market Research.

The global intumescent coatings market size is estimated to reach USD 1.29 billion by 2025 on account of stringent government regulations for fire safety in buildings. Additionally, the rising need for clean, effective and flexible fire protection solutions have urged the need for innovative technologies, thereby, boosting the demand for intumescent coatings.

Request a sample of this report @ https://www.adroitmarketresearch.com/contacts/request-sample/743

Intumescent coatings for cellulosic fire protection is projected to hold a share of more than 50% by 2025. The rise in the overall building & construction activity requiring extensive fire protection solutions has aggravated the demand for intumescent coatings. Thereby, robust construction activities, together with increased construction expenditure have triggered the demand for the heavy construction industry. Furthermore, ongoing industrialization, increasing urban population, expanding foreign investment funding, rising per-capita income levels are some of the other primary factors aggravating the growth of building & construction industry, thereby, leading to the growth of the global intumescent coatings market for cellulosic fire protection.

The global intumescent coatings market analysis covers an elaborative study of drivers, restraints and future opportunities. Additional tools such as Porter’s five forces and value chain are included to provide a better understanding of the market. The report also assesses the global intumescent coatings market trends 2018 along with historic and emerging trends in the developed as well as developing economies. The study covers the penetration of applications in all regions. Additionally, the report lays down the impact of government policies on the growth trajectory of the global intumescent coatings market size.

Oil & gas is projected to be estimated at USD 599.3 million by 2025 within the global intumescent coatings market. The growth of the global oil & gas industry will boost the demand for intumescent coatings in the coming years. The acceptance and use of intumescent coatings have increased dramatically in Europe since the 1970s as the major oil companies learned of their ability to protect structural steel from the extreme heat caused by hydrocarbon fires, including jet fires caused by leaking hydrocarbons.

Browse the complete report @ https://www.adroitmarketresearch.com/industry-reports/intumescent-coatings-market

Some of the major fire accidents have necessitated the use of intumescent coatings in the oil & gas industry. For instance, the Piper Alpha disaster in the North Sea in 1988, is by far the deadliest oil rig offshore accident in history, with 167 of the 226 people on-board losing their lives. Their superior protection and esthetic properties, together with the increasing adoption of international fire standards by the Middle East and Asia Pacific governments, accelerate the adoption of intumescent coatings across the globe.

The Middle East and Africa are likely to offer lucrative opportunities in the coming years assisted by the growth of construction and oil & gas industries which have resulted in the growth of steel structures, thereby, propelling the demand for intumescent coatings. The growing emphasis on certification and strict regulations are bringing a change to the regions’ fire safety market. These factors are projected to have a positive impact on the intumescent coatings market growth.

North America consumption of intumescent coatings is anticipated to cross 30 kilo tons by 2025. The increasing demand for fireproof residential and commercial structures are expected to drive the growth of intumescent coatings market in the region. Increasing shale gas exploration activities are driven by advanced technology development, including hydraulic fracturing and horizontal drilling, are likely to further impact market growth during the forecast period.

The competitive landscape of the global intumescent coatings market is fragmented with the presence of a large number of players. Some of the leading key players covered in the intumescent coatings market analysis include AkzoNobel N.V, Albi Protective Coatings, Jotun, Flame Control Coatings, LLC, 3M, trendsOMNOVA Solutions Inc., RPM International Inc., The Sherwin-Williams Company, PPG Industries, Inc., Sika AG, Isolatek International, and Nullifire among others.

Key segments of the global intumescent coatings market

Fire Type Overview, 2015-2025 (Kilo Tons) (USD Million)

Hydrocarbon

Cellulosic

Application Overview, 2015-2025 (Kilo Tons) (USD Million)

Building & Construction

Oil & Gas

Automotive

Regional Overview, 2015-2025 (Kilo Tons) (USD Million)

North America

U.S.

Canada

Europe

France

Germany

UK

Italy

Spain

Rest of Europe

Asia Pacific

India

Japan

China

Rest of APAC

Latin America

Brazil

Mexico

Rest of Latin America

Middle East and Africa

GCC Countries

Rest of Middle East and Africa

Key Players analysed in the report include

Akzo Nobel N.V

Albi Protective Coatings

Jotun

Flame Control Coatings, LLC

The Sherwin-Williams Company

Others

Place a purchase order of this report @ https://www.adroitmarketresearch.com/researchreport/purchase/743

About Us:

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

Contact Info:

Ryan Johnson

Adroit Market Research

3131 McKinney Ave Ste 600,

Dallas, Texas – 75204, U.S.A

Phone No: +1 (214) 884-6068

Email: sales@adroitmarketresearch.com

05 October 2018, Intumescent coatings have the capability to protect materials from fire and its resulting damage. These coatings, when exposed to fire produce a separate layer called ‘char’ to protect the material by cutting off the oxygen. Its applications include fire-stopping pillows, window casings, and gasketing.

The Intumescent Coatings Market is poised to grow due to demand from various industries. It is estimated to exhibit a 4.6% CAGR over the forecast period (2016-2024). A common regulatory standard is an effective barrier against market players attempting to invest in other regions.

The global market is segmented according to raw material, end-users, and regions. Raw materials dependent on producing these coatings are hydrocarbon or cellulosic based. The former have large market shares, while the latter will exhibit a high growth rate due to its application across marine, automotive, and construction industries. Hydrocarbon coatings have significant returns in terms of revenue due to their increased use in oil & gas sector.

Browse Details of Report @ https://www.hexaresearch.com/research-report/intumescent-coatings-market

End-users entail automotive, construction, and oil & gas sectors. Oil & gas led the intumescent coatings market due to the exploration & production activities of shale gas and other fossil fuels. Construction sector will see an upsurge due to the increase in infrastructure projects in South America and Asia Pacific. Car safety laws are likely to augment market demand in the automotive sector in the next seven years.

Regions covered under the market are Latin America, North America, Asia Pacific (APAC), Middle East & Africa (MEA), and Europe. Asia Pacific and Europe currently have maximum shares of the market, but Europe will face dull growth in the coming years. North American market is market by product developments and innovative breakthroughs. MEA will experience significant growth due to the growing infrastructure sector and concurrent interest in the oil & gas sector.

Prime companies dominating the market are Akzo Nobel N.V.; Hempel Marine Paints; The Jotun Group; and Rudolf Hensel GmbH. They have been reigning on account of procuring raw materials at low cost. Products with better performance and a longer shelf life will garner maximum market shares. But a stable distribution cycle ranging from manufacturer to end-user will pose a challenge to new market players.

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/paints-coatings-and-printing-inks-industry