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Intumescent Coatings Market Size

Report ID: GMI357
Published Date: Oct 2023
Report Format: PDF

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Intumescent Coatings Market Size

Intumescent Coatings Market size was valued at around USD 1.06 billion in 2022 and is anticipated to grow at a CAGR of 6.9% between 2023 and 2032. Intumescent coatings offer versatile design options, combining fire protection with aesthetic appeal. Available in solvent-based, water-based, and epoxy-based technologies, these coatings cater to construction, oil & gas, and automotive sectors. They ensure safety and provide flexibility in achieving desired aesthetics, driving market growth.

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Intumescent coatings offer cost-effective fire protection with technology choices like Solvent Based, Water Based, and Epoxy Based, serving various industries and applications.

Intumescent Coatings Market Report Attributes
Report Attribute	Details
Base Year:	2022
Intumescent Coatings Market Size in 2022:	USD 1.06 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	6.9%
2032 Value Projection:	USD 2.06 Billion
Historical Data for:	2018 to 2032
No. of Pages:	150
Tables, Charts & Figures:	181
Segments covered:	Technology, Application, End Use
Growth Drivers:	Growth in oil & gas exploration activities in Middle East Rapid growth in the North America construction industry Construction industry a key contributor to the economic growth rate of Asia Pacific
Pitfalls & Challenges:	Volatile raw material prices Competition and Saturation Price Wars and Margins

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Concerns regarding the quality of Intumescent Coatings have arisen, with potential issues related to durability, performance, and color retention. The highly competitive intumescent coatings market, characterized by various technologies (Solvent Based, Water Based, Epoxy Based), applications (Hydrocarbons, Cellulosic), and end-users (Construction, Oil & Gas, Automotive), may trigger price wars, squeezing profit margins for manufacturers and retailers. These challenges could, in turn, impede the widespread adoption of intumescent coatings and hinder overall market growth.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for intumescent coatings reached USD 1.06 billion in 2022 and may record USD 2.06 billion by the end of 2032 due to advantages, such as versatile design options, combined with fire protection and aesthetic appeal

Intumescent coatings industry share from the epoxy-based technology segment recorded USD 0.51 billion in 2022 driven by higher adoption to offer superior fire resistance and exceptional durability.

Demand for intumescent coatings in the U.S. reached USD 0.14 billion in 2022 and is anticipated to expand at significant pace from 2023-2032 owing to stringent fire safety regulations and thriving construction sector in the country

3M Company, AkzoNobel, Albi Protective Coatings, Bollom Fire Protection, Contego International, Carboline, Crown Paints Ltd, Firetherm, Flame Control Coatings, and Hempel are some of the major intumescent coating providers