Intumescent Coatings Market Size to surpass $1.2bn by 2024

Intumescent Coatings Market size is predicted to surpass USD 1.2 billion by 2024; according to a new research report by Global Market Insights, Inc.
 

Significant government initiatives to develop public infrastructure such as railways and roads along with growing urbanization should stimulate intumescent coatings market growth. These materials protect steel infrastructure of buildings from overheating by swelling & charring in fire outbreaks, which makes them ideal for construction fireproofing. They also offer thermal, corrosion, ultraviolet, chemical and abrasion resistance, thus offering protection along with an aesthetic appeal. Increasing prevalence of stringent regulations to improve fire safety in buildings should accelerate industry growth.

 

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Global solvent-based technology market size surpassed USD 124 million in 2016 and should rise further pertaining to increasing consumer awareness regarding fire safety and technological developments. These substances are resistant to environmental conditions, impart aesthetic appeal and excellent fireproofing which makes them ideal for steel framework, columns and beams. Growing demand for cost effective and high-quality infrastructure owing to substantial urbanization should stimulate market growth.
 

Intumescent Coatings Market

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U.S. cellulosic intumescent coatings industry demand should register over 5% gains by 2024 owing to growing requirement of fireproof commercial & residential structures. These products find routine usage in various large civil buildings such as airport terminals, shopping centers, schools and sports stadia owing to their ability to offer protection from 30 to 120 minutes. Booming pharmaceutical & automotive industries along with recovering construction sector should accelerate market growth.
 

UK intumescent coatings market size from automotive applications surpassed USD 3.85 million in 2016 and should witness significant growth owing to increasing research & development activities and the presence of a significant manufacturing base. These materials are ideal for under the hood operations to ensure effective fire protection to reduce life and property risk. Increasing focus on reducing vehicle weight to lower fuel consumption and reduce emissions should stimulate product demand. Growing automotive exports and the adoption of alternative fuel technology to attract environmentally conscious customers should promote market growth.
 

Browse key industry insights spread across 225 pages with 204 market data tables and 34 figures & charts from the report,  “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 (U.S., China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Germany, UK, France, Italy, Russia, Poland, Brazil, South Africa, Saudi Arabia, UAE), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/intumescent-coatings-market
 

India epoxy-based technology demand should register gains over 6.5% in the forecast period pertaining to significant infrastructure development and expanding construction sector. These products offer various desirable properties such as high aesthetic appeal, durability, low conductivity and low porosity. Growing regulatory pressure on implementing fire protection equipment in buildings and rising awareness of personal safety should further boost intumescent coatings market share.

 

Global oil & gas end-use demand should register over 5% gains by the end of the foreseeable period owing to economic growth, rise in exports and growing investments. These coatings play an essential role in protecting oil & gas rigs from structural collapse owing to accidental fires. They are well suited for splash zone regions such as semi-submersible hulls, boat landing areas and jack-up legs. Significant decline in taxes, growing energy demand and declining unemployment should further boost the market revenue.
 

Jotun, AkzoNobel, Carboline, Sherwin-Williams, PPG, Albi Manufacturing and Hempel are the primary manufacturers in the market. Various market participants are engaged in developing new products to widen their product portfolio and production capacity expansion to satisfy rising demand.
 

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The intumescent coatings market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in Tons and revenue in USD from 2014 to 2025, for the following segments:
 

By Application

  • Cellulosic
  • Hydrocarbon

By Technology

  • Water based
  • Solvent based
  • Epoxy based

By End-Use

  • Oil & gas
  • Construction
  • Automotive
  • Others

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Russia
    • Poland
  • Asia Pacific
    • China
    • India
    • Japan
    • Malaysia
    • Thailand
    • Indonesia
    • Australia
    • South Korea
  • LATAM
    • Brazil
  • MEA
    • Saudi Arabia
    • South Africa
    • UAE

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