Intumescent Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast to 2022

The Global Intumescent Coating Market was evaluated around USD 0.71 billion in the 2012 and is expected to reach approximately USD 1.47 billion by the end of 2022 while registering itself at a compound annual growth rate (CAGR) of 7.61% over the forecast period owing to rising spending on construction by the customers in Asia Pacific region. Additionally, rising urbanization in this region along with rising implementation of passive fire protection is predicted to boost the growth. The market is expected to demonstrate growth owing to increasing shale gas exploration activities propelled by the advanced technological development including horizontal and hydraulic drilling. Moreover, expansion in the shale gas industrial application in various industries such as oil & gas, power, and manufacturing is projected to assist the global intumescent coatings market growth. The growth of automotive and aerospace industry along with rising demand for fireproof commercial and residential structures is anticipated to impact the regional market of the United States positively. Furthermore, rising funding for shale gas discovery in the country is likely to drive the demand for the next few years. The intumescent coatings demand is projected to be fueled by the obligation of the strict fire safety norms around the world. Also, the advent of the advanced, light-weight and thin film intumescent coatings by a key manufacturer is likely to benefit the global market.

Regional Outlook and Trend Analysis

Asia Pacific regional market is anticipated to maintain high growth owing to the speedy development of the oil & gas market in this region. Additionally, rising construction in the emerging countries such as China and India is projected to direct to an elevated demand for the product contributing to the market growth. The market demand in China is likely to grow at a compound annual growth rate of over 6% over the forecast period due to high demand from the increasing construction industry. Also, the expansion of the automotive and aerospace industry in the country is also estimated to boost the growth. The European market is expected to demonstrate a modest growth owing to high market development. Though, the development of sophisticated products along with growing affinity of the automobile producers towards the utilization of the product is anticipated to fuel the growth of the global market.

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Competitive Outlook and Trend Analysis

The global intumescent coatings market is distinguished by the existence of key multinational companies involved in strategies like new product development and mergers & acquisitions to enhance their business. The companies also deposit high prominence on cost discrimination as a key strategy engaged in order to increase industry share. The market demonstrates an elevated degree of integration over the value chain with the companies that are merged backward to the raw materials production and forward to the distribution and supply of the product to the end-user markets.

Major market players in the global market are;

·         Jotun

·         Sherwin-Williams

·         Carboline

·         Albi Manufacturing

·         Akzo Nobel N.V

·         Hempel A/S

·         Null Fire

·         PPG Industries, Inc.

·         Contego International

·         3M

·         Flame Control

·         Crown Paints

·         Rudolf Hensel GmbH

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The global intumescent coatings market is segmented as follows –

By Technology

• Water Based
• Solvent Based
• Epoxy Based

By End-user

• Oil & Gas
• Construction
• Automotive
• Others

By Application

• Hydrocarbons
• Cellulosic

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