Intumescent Coatings Market Size By Technology (Solvent Based, Water Based, Epoxy Based), By Application (Hydrocarbons, Cellulosic), By End-user (Construction, Oil & Gas, Automotive), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Mar 2020  |  Report ID: GMI357  |  Authors: Kunal Ahuja, Kritika Mamtani

Report Format: PDF   |   Pages: 220   |   Base Year: 2019

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Intumescent Coatings Market size exceeded USD 985 million, globally in 2019 and is estimated to grow at over 4.8% CAGR between 2020 and 2026. Increasing investments in shale gas exploration and rapid demand for light weight & advanced thin film coatings are the major factors stimulating the market demand.


Intumescent Coatings Market Statistics

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An intumescent is a substance that swells on exposure to heat, thus increasing in density and are widely used in fire protection for various end industries such as automotive, oil & gas, and construction. It is a layer of protective substance which works by chemical reaction triggered by heat resulting of an insulating layer without the release of water. Stringent safety regulations along with increasing demand for cost effective and high-performance solution for fire and corrosion protection is likely to boost the intumescent coatings market share.

Increasing investment in shale gas exploration along with rising demand for advanced light weight and thin film coatings is likely to boost the global intumescent coatings market. Industry players are rapidly investing in R&D & capitalizing on emerging sustainability and safety trends which is increasing adoption of intumescent coatings.

Increasing crude oil demand in automotive and petrochemical industry accompanied with rising natural gas should increase oil & gas exploration thereby favoring the intumescent paint demand. Companies are also focusing on providing and offering high grade fire protection coatings which align to strict fire safety standards which is likely to stimulate intumescent coatings market.

U.S. regulation NFPA 251 standards specifies tests to check fire resistance of the materials used in oil & gas and construction industry to provide fire safety. Intumescent coatings manufactured have to be tested under this standard for fire protection. This regulation is increasing competition among industry players to gain maximum market share by rapidly developing new product lines which is likely to boost regional intumescent coatings market share.

Intumescent Coatings Market Report Coverage
Report Coverage Details
Base Year:2019
Market Size in 2019:1.035 billion (USD)
Forecast Period:2020 to 2026
Historical Data for:2015 to 2019
No. of Pages:220
Tables, Charts & Figures:224
Segments covered:Technology, Application, End Use
Growth Drivers:
  • North America: Positive shale gas outlook in North America
  • Asia Pacific: Increased infrastructure spending in Asia Pacific
  • Middle East: Growth in oil & gas exploration activities in Middle East
Pitfalls & Challenges:
  • Volatile raw material prices

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Increasing investments in construction & renovation activities to boost epoxy-based coatings share

Intumescent Coatings Market by Epoxy-based

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The market is segmented by technology into water based, solvent based, and solvent based. Growing construction industry and rapid increase in renovation activities is likely to favor epoxy-based coatings demand in fire protection mechanism for interior structure. Additionally, increasing investment to diversify product portfolio for construction specific applications such as structural and wall coatings is likely to augment the intumescent coatings market.

Epoxy intumescent coatings are forecasted to grow at CAGR of over 4.5% by the end of forecast period. These coatings are widely used for structural steel work such as frames, beam, and columns owing to high thermal stability, quick response time, and smooth and minimalistic appearance. Strict government compliances & norms towards fire safety codes and use of high quality & tested materials accompanied with growing construction projects should boost the intumescent coatings market growth.

Strict government regulations to reduce occurrences of gas and oil leaks to boost hydrocarbon intumescent coatings demand

Intumescent Coatings Market by Hydrocarbon Application

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Intumescent coatings market is segmented by application into hydrocarbon and cellulosic. Hydrocarbon intumescent coatings are widely used to reduce fire risk caused by oil & gas leaks owing to their high thermal stability and chemical resistance. Industry players are investing in installing these coatings to ensure worker safety and stringent government compliances which should boost market demand.

The market for hydrocarbon intumescent paint is likely to surpass $695 million by 2026. These coatings form a tough insulting char in event of fire breakout and protect steel framework from getting too hot which reduces spread of fire. These coatings can be applied at different concentration rates which makes them compatible with on shore and offshore production facilities. Additionally, rise in hydrocarbon and petrochemical complexes use in oil and gas industry may enhance the intumescent coatings market outlook.

Increasing demand for high performance & safe CNG and electrical vehicles to increase market demand

Intumescent Coatings Market by Automotive Industry

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Based on end-use industry, the market is bifurcated by end use into automotive, oil & gas, and construction industry. Increasing demand for CNG and electrical vehicles owing to changing consumer preferences on sustainability is likely to boost product demand. Also, rising demand for safe vehicles & enhanced protection for sparking and gas leaks is likely to strengthen the intumescent coatings market size.

The automotive segment will surpass $105 million by the end of 2026. These coatings are applied under the hood and car bottoms to protect the vehicle from various hazards such as overheating, corrosion, CNG gas leak, and battery sparking. Fireproofing and heat resistance are the key characteristics to drive market demand. Rapid adoption of innovative technologies in the automotive is likely to accelerate the intumescent coatings market value.

Rapid construction of high-rise buildings and strict fireproofing regulations in North America to drive the market demand

North America Intumescent Coatings

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North America is likely to register over 4.5% gains by 2026. Increasing construction & renovation activities in U.S and Canada supported by rapid urbanization trends is likely to support intumescent demand. They are widely utilized in fire protection of structural steel, wood, and other components. Changing consumer perceptions on safety is likely to increase product penetration in residential construction which should boost the intumescent coatings market.

Strict regulations to fireproof skyscrapers along with rapid investment in construction of sky rise buildings is likely to boost market share. Industry players in the region are investing in manufacturing high grade & performance solutions for modern buildings which should encourage use of these coatings. Furthermore, changing consumer perceptions of safety and strict fire regulation compliances is likely to boost the intumescent coatings market forecast.

Rapid investment in expanding manufacturing facilities, partnerships, and new product development remains norm amongst industry players to gain brand recognition

Intumescent coatings industry is consolidated, and major players include 3M Company, AkzoNobel, Albi Manufacturing, PPG Industries, Sherwin-Williams, SIKA AG, Jotun Group, Isolatek International, Hempel, Flame Control Coatings, Firetherm, Crown Paints, Carboline, Bollom Fire Protection, and Albi Manufacturing. Industry players are rapidly investing in R&D to capitalize on emerging trends towards safety, fire standards, and regulations.

In May 2017, AkzoNobel opened a new performance coating facility investing USD 35 million in Chonburi, Thailand aiming to meet the demand and serve their customers of Thailand and other South East Asian region. AkzoNobel also invested USD 15 million on February 2017 in UK to develop innovation hub by bringing in together over 100 scientists to revolutionize company product portfolio and product innovations.

In September 2016, Carboline acquired Specialty Polymer Coatings, Inc. a major manufacturer of high-performance coatings in global oil & gas pipeline market to operate as a free-standing business which will combine technology and service locations of the companies and their dominance in the Intumescent coatings market. 

In March 2017, Hempel expanded its production capacity by starting a new factory in Kuwait which increased their production by 28 million litres of coating and strengthened Hempel’s position in Middle East. They also strengthened its distribution network in North America with a new Central Distribution Center in Texas which covers over 202,000 sq. ft. area.

In January 2017, Rudolf Hensel GmbH announced to launch two new intumescent coating products, HENSOTHERM 3KS (solvent based) and HENSOTHERM 4KS (water based) according to DIN 4102-2 standards.

Intumescent coatings market report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in Tons and revenue in USD from 2015 to 2026, for the following segments:

By Technology

  • Solvent Based
  • Water Based
  • Epoxy Based

By Application

  • Hydrocarbons
  • Cellulosic

By End Use

  • Construction
  • Oil & Gas
  • Automotive
  • Others

The above information has been provided for the following regions:

By Region

  • North America
    • U.S.
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Russia
    • Poland
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • Malaysia
    • South Korea
  • Latin America
    • Brazil
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE

Frequently Asked Questions (FAQ) :

The Intumescent Coatings Market is poised to observe a CAGR of 4.8% over 2020 – 2026.
The overall Intumescent Coatings Market was valued at USD 985 million in the year 2020 – 2026.
According to the report published by Global Market Insights, Inc., the intumescent coatings business is projected to exceed USD 1.3 billion (USD) by 2026.
Rising shale gas exploration activities, increased infrastructure spending and the expanding oil & gas sector are the major factors driving the global market growth.
3M Company, AkzoNobel, Albi Manufacturing, Bollom Fire Protection, Carboline, Contego International Inc., Crown Paints Ltd., Firetherm, Flame Control Coatings, Hempel, Isolatek International, Jotun Group, No – Burn, Inc, Nullifire, PPG Industries, Rudolf Hensel GmbH, Sherwin-Williams, Sika AG are some of the top industry participants.
The epoxy-based intumescent coating segment registered a decent market share in 2019 and is projected to record a remarkable growth rate over the forecast period.

Premium Report Details

  • Published Date: Mar 2020
  • Pages: 220
  • Tables: 204
  • Charts / Figures: 20
  • Companies covered: 18
  • Countries covered: 18

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