Growing construction activities globally, and increasing awareness about prominent benefit of intumescent coatings as aesthetically pleasing fireproofing coating are key factors driving market revenue growth.
Market Size - USD 985.2 Million in 2020, Market Growth - CAGR of 3.8%, Market Trends - Intumescent coating manufacturers are focusing on product innovation to reduce fieldwork and maintenance costs.
The global intumescent coatings market size is expected to reach USD 1,334.5 Million in 2028, and register a CAGR of 3.8% during the forecast period. Major factors driving market growth include growing automobile production and sales globally, and increasing consumption of intumescent coatings in the automotive sector. Intumescent coatings are used to apply in automobile parts such as under the hood, and car bottoms in order to protect cars from corrosion and overheating.
In oil & gas industry, intumescent coatings are used to enable fire protection to structural steel, at extreme temperatures, and protect steel structures from chemical exposures and moisture, coupled with growing incidence of leakage of flammable-liquid from pipeline and vessels are boosting demand for intumescent coatings.
Development of coatings using nanotechnology is expected to open up revenue opportunities for players operating in the global market. However, volatile raw material costs could hamper market growth to some extent.
Some Key Findings From the Report:
For the purpose of this report, the global intumescent coatings market is segmented on the basis of technology type, substrate, application, end-use industry, and region:
Technology Type Outlook
Substrate Outlook
Application Outlook
End-Use Industry Outlook
Region Outlook
Reasons to Buy the Report
Market Size - USD 985.2 Million in 2020, Market Growth - CAGR of 3.8%, Market Trends - Intumescent coating manufacturers are focusing on product innovation to reduce fieldwork and maintenance costs.
The global intumescent coatings market size is expected to reach USD 1,334.5 Million in 2028, and register a CAGR of 3.8% during the forecast period. Major factors driving market growth include growing automobile production and sales globally, and increasing consumption of intumescent coatings in the automotive sector. Intumescent coatings are used to apply in automobile parts such as under the hood, and car bottoms in order to protect cars from corrosion and overheating.
In oil & gas industry, intumescent coatings are used to enable fire protection to structural steel, at extreme temperatures, and protect steel structures from chemical exposures and moisture, coupled with growing incidence of leakage of flammable-liquid from pipeline and vessels are boosting demand for intumescent coatings.
Development of coatings using nanotechnology is expected to open up revenue opportunities for players operating in the global market. However, volatile raw material costs could hamper market growth to some extent.
Some Key Findings From the Report:
- Among the technology type segments, the epoxy-based technology type segment accounted for major revenue share in the global market in 2020.
- Among the substrate segments, the structural steel and cast iron segment accounted for the largest revenue share in 2020.
- The Asia Pacific market accounted for the largest revenue share in 2020, and is expected to continue with its dominance over the forecast period, due to increasing investments for infrastructural development and construction of commercial buildings, growing oil & gas industry, increasing automobiles sales.
- The North America market accounted for second-largest revenue share in the global intumescent coatings market in 2020, due to presence of large number of major players operating in the end-use industries in the region.
- Europe market accounted for substantially large revenue share in 2020, due to well-established automotive industry and increasing construction and renovation activities in the region.
- Key players profiled in the report include Akzonobel, The Sherwin-Williams Company, Promat International, Teknos Group, BASF SE, Contego International, Inc., GCP Applied Technologies Inc., Bollom Fire Protection, Arabian Vermiculite Industries, and SKK Pte Ltd. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
For the purpose of this report, the global intumescent coatings market is segmented on the basis of technology type, substrate, application, end-use industry, and region:
Technology Type Outlook
- Water-Based
- Solvent-Based
- Epoxy-Based
Substrate Outlook
- Structural Steel & Cast Iron
- Wood
- Others
Application Outlook
- Hydrocarbons
- Cellulosic
End-Use Industry Outlook
- Building and Construction
- Industrial
- Aerospace
- Oil and Gas
- Automotive
- Others
Region Outlook
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Intumescent Coatings Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of all the major players in the Intumescent Coatings Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 4. Intumescent Coatings Market Segmentation & Impact Analysis
Chapter 5. Intumescent Coatings By Technology Type Insights & Trends
Chapter 6. Intumescent Coatings By Substrate Insights & Trends
Chapter 7. Intumescent Coatings By Application Insights & Trends
Chapter 8. Intumescent Coatings By End-Use Industry Insights & Trends
Chapter 9. Intumescent Coatings Market Regional Outlook
Chapter 10. Competitive Landscape
Chapter 11. Company Profiles
Companies Mentioned
- Akzonobel
- The Sherwin-Williams Company
- Promat International
- Teknos Group
- BASF SE
- Contego International Inc.
- GCP Applied Technologies Inc.
- Bollom Fire Protection
- Arabian Vermiculite Industries
- SKK Pte Ltd.
