Intumescent Coatings Market

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 enduser
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
By End-user
Water Based
Solvent Based
Epoxy Based
Oil & Gas
Construction
Automotive
Others
By Application
Hydrocarbons
Cellulosic
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