The global intumescent coatings market size was estimated to be US$ 1.1 billion in 2020 and is expected to reach US$ 1.85 billion by 2031 at a CAGR of 4.9%.
An intumescent is a substance that expands on exposure to temperature, consequently expanding in thickness and are broadly utilized in fire assurance for different end ventures, for example, car, oil and gas, and development. It is a layer of defensive substance which works by compound response set off by heat coming about of a protecting layer without the arrival of water.
Intumescent covering request is straightforwardly relative to the requests of the real estate and construction business. Also, developing government accentuation to adhere to rigid fire security guidelines and rising research attempts in the business are relied upon to drive the segment development during the estimation time frame. Fires, that can reach at temperatures of 1,100 degrees Celsius and can cause primary steelwork to lose load bearing strength and ultimately clasp and breakdown.
U.S. guideline NFPA 251 principles indicates tests to check imperviousness to fire of the materials utilized in oil and gas and development industry to give fire security. Intumescent coatings produced must be tried under this norm for fire insurance.
The developing preference for lightweight materials in the structure and development industry across the globe, flooding levels of venture for the advancement of cutting edge and further developed foundation, rising development in the oil and gas investigation exercises, commonness of shale gas viewpoint, quick urbanization are a portion of the crucial just as significant factors which will prone to expand the development of the intumescent coatings market during the projected time period of 2022-2032. Epoxy-based coatings are significantly liked in the oil and gas industry, resulting from their capacity to withstand higher temperatures contrasted with their partners.
This, thus, is necessitated to stimulate the market development. Expanding energy request is expected to drive the oil and gas industry, which, truly, is relied upon to drive the demand for intumescent coatings during 2022-2032.
Also, the ongoing Coronavirus outbreak across the globe has prompted debilitated item request in automotive, development, oil and gas, and opposite end-use enterprises. Factors, for example, stoppage of development projects, development limitation, work lack, decrease in optional spending by buyers, feeble shopper assessment, crippled or holdup in current manufacturing activities, and disturbance across the inventory network are contrarily affecting the development of the end-use businesses, particularly auto and development.
This, thus, is additionally expected to hamper the demand for intumescent coatings. North America, and Europe area is postulated to hold the biggest development rate because of the expanding development of the different end-use businesses like car, marine and development in the province.
Global Intumescent Coatings Market Value Share Analysis, by Geography (2022)
The report titled “Global Intumescent Coatings Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”, wherein 2021 is the historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the Global Intumescent Coatings Market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global Intumescent Coatings market is segmented as Type, Application, and region. Based on Type, the Intumescent Coatings market is segmented into Water-based, Solvent-based, Epoxy-based, Other. Based on Application, the Intumescent Coatings market is segmented into Hydrocarbon, Cellulosic, Other. Based on End use, the Intumescent Coatings market is segmented into Construction, Oil & Gas, Automotive, Other.
Based on geography, the Global Intumescent Coatings Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada, and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Italy, France, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Australia, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, UAE, South Africa, and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on Global Intumescent Coatings Market. Further, market share of prominent companies in the Global Intumescent Coatings Market would also be estimated.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the Intumescent Coatings companies. The Global Intumescent Coatings Market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the Intumescent Coatings business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the Global Intumescent Coatings Market.
The key players of the Global Intumescent Coatings Market are Akzo Nobel N.V., Jotun, Contego International Inc., Hempel A/S, No-Burn Inc., Nullifire, The Sherwin-Williams Company, Carboline, Albi Protective Coatings, Isolatek International, Rudolf Hensel GmbH, PPG Industries, Inc., 3M, Sika AG, Tor Coatings, and others.
Global Intumescent Coatings Market Key Segments:
Based on Type
Based on Application
Based on End use
By Region
The global Intumescent Coatings market was worth US$ 1.1 billion in 2020.
The global Intumescent Coatings market is expected to register a CAGR of 4.9% by 2031.
Akzo Nobel N.V., Jotun, Contego International Inc., Hempel A/S, No-Burn Inc., Nullifire, The Sherwin-Williams Company, Carboline are few prominent players active in the market.
Based on type, the Intumescent Coatings market is segmented into Water-based, Solvent-based and Epoxy-based.
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