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  • Intumescent Coatings Market Growth Analysis | 2023-2028

    Intumescent Coatings Market Growth Analysis | 2023-2028

    Intumescent Coatings Market Growth Analysis | 2023-2028
    Report code - SRAM301 Delivery - 2 Weeks
    Intumescent Coatings Market Size, Share, Trend, Forecast & Competitive Analysis: See more...

    Market Insights

    The Intumescent Coatings Market was estimated at US$ 889.63 million in 2022 and is expected to grow at a CAGR of 4.25% during 2023-2028 to reach US$ 1147.46 million in 2028.

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    What are Intumescent Coatings?

    Intumescent coatings are fire-resistant materials applied to surfaces like steel structures and building materials. When exposed to high temperatures during a fire, they expand to form an insulating, protective layer. This expansion creates a barrier that slows down heat transfer and prevents structural damage, enhancing fire resistance. Intumescent coatings are vital for passive fire protection in buildings, bridges, tunnels, and other structures, helping to delay the spread of fire and providing critical time for evacuation and firefighting. They come in various forms, including paints, sprays, or dry films, and are rated based on their fire resistance duration, such as 30, 60, 90, or 120 minutes, by local building codes and safety regulations.

    Market Dynamics

    Intumescent coatings are extensively used in industries such as construction, industrial, and aerospace to prevent substances against heat and fire impairment. An intumescent coating plays a vital role in the event of a fire by acting as a protective barrier for substrates against fire, thus providing enough time for rescue and evacuation. Rising awareness, stringent government regulations, the growing importance of safety measures, and increasing demand for lightweight materials in the building and construction industry are the major factors driving the global intumescent coatings market.

    Segments Analysis

    By Type

    The intumescent coatings market is segmented as thin-film and thick-film-based intumescent coatings. The thin-film segment is projected to lead the market during the forecast period, owing to its extensive usage in the building and construction industry for passive fire protection.

    By Substrate Type

    The market is classified as structural and cast iron, wood, and others. The structural steel and cast-iron segments are expected to witness the highest growth during the forecast period, owing to the revival of the construction industry in North America, and Europe, and the expanding construction sector in the Middle East and Asia-Pacific. Steel and cast iron are the predominant materials used in the construction industry.

    By End-Use Industry Type

    The market is segmented into building and construction, industrial, aerospace, and others. The building and construction industry is expected to lead the market during the forecast period, owing to the rising awareness and regulations regarding fire protection.

    Regional Analysis

    In terms of regions, Asia-Pacific is likely to project the highest growth during the forecast period. China, Malaysia, Indonesia, South Korea, Japan, and India are the growth engines of the region’s market. Economic development in the developing economies, increasing disposable income of consumers, and rising urbanization have led to an increase in infrastructure, building, and construction projects in the region, which in turn, is driving the market for intumescent coatings. North America and Europe are the other major markets with substantial growth opportunities, owing to the revival of the construction industry in these two regions after the global subprime crises and Euro debt crises.

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    Key Players

    Some of the key players in the global intumescent coatings market are-

    • AkzoNobel
    • PPG Industries, Inc.
    • The Jotun Group
    • The 3M Company
    • The Sherwin-Williams Company 
    • Hempel A/S
    • Promat International NV
    • Kansai Paint Co., Ltd.
    • Teknos Group Oy
    • Carboline

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players and those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Intumescent Coatings Market 

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Who are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Customization Option

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players).
    • SWOT analysis of key players (up to 3 players).

    Market Segmentation

    • Current market segmentation of any one of the product types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The Intumescent Coatings Market is expected to grow at a CAGR of 4.25% during 2023-2028.

    Some of the key players in the global intumescent coatings market are AkzoNobel, PPG Industries, Inc., The Jotun Group, The Sherwin-Williams Company, Hempel A/S, Promat International NV, Kansai Paint Co., Ltd., Teknos Group Oy, Carboline.

    The Intumescent Coatings Market is estimated to reach US$ 1147.46 million in 2028.

    Asia-Pacific is likely to dominate the market during the forecast period.

    The structural steel and cast-iron segments are expected to witness the highest growth in the intumescent coatings market in the coming years.

    The building and construction industry is expected to lead the intumescent coatings market in the coming years.


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