October 7, 2019 - 10:23 AM EDT
Print Email Article Font Down Font Up
Intumescent Coatings Market To Reach USD 1.25 Billion By 2026 | Reports And Data

Intumescent Coatings Market Size – USD 901.6 Million in 2018, Market Growth - CAGR of 4.1%, Intumescent Coatings Industry Trends –Growing demand from the automotive sector.

New York, Oct. 07, 2019 (GLOBE NEWSWIRE) -- The growing demand in the oil and gas sector and increasing exploration of shale gas in the world are driving the market for Intumescent Coatings.

The global intumescent coatings market is forecast to reach USD 1.25 Billion by 2026, according to a new report by Reports and Data. Intumescent coatings are generally referred to as intumescent paint, which are used in buildings as a passive fire resistance measure. They are applied to structural members as an aesthetically pleasing fireproofing product. Intumescent coatings expand when exposed significantly to high temperatures, such as, those products that come in contact with fire.

Intumescent coatings, when applied by a spray, provides a thick and spongy surface that requires a finish covering to hide and protect the steel. They offer the same level of coating that looks like a thin layer of paint.

An increase in the investment in oil and gas exploration, coupled with development in technology, are also stimulating market growth. Intumescent coatings are used as passive fire protection, which reduces the risk of explosion. Rapid urbanization, growth in economy, and efficient transportation facilities have increased the application of natural gas and increased usage of vehicles. This has also spurred the market growth.

Growth in demand for substitutes such as cementitious coating due to its light-weight nature, hassle-free applications, and low cost are hindering the growth of the market. Furthermore, low awareness regarding the benefits of these products in countries such as Thailand, China, and India are hampering the market growth.     

Request free sample of this research report at: https://www.reportsanddata.com/sample-enquiry-form/1986

Further key findings from the report suggest

  • Water-based technology type held a market share of 46.2% in the year 2018. Water-based intumescent coatings contain no hydrocarbon solvents, no possibility of solvent built up in confined spaces, and no requirement for special flammable storage areas.
  • Intumescent coatings are also used on wood. It is forecasted to hold a market share of 33.8% in the year 2026. For the protection of wood, the concern is less about heat and more about its flammable nature. Wood can be coated with an intumescent coat if only a painted structure is acceptable or else the coating is not an acceptable choice.
  • Cellulosic product application is forecasted to grow with a CAGR of 4.0% during the forecast period. The increasing adoption of decorative furniture and interior designing in the buildings will propel the market demand. These coatings help prevent the spread of fire in the premises by providing time for residents to escape.
  • Automotive sector held a market share of 11.3% in the year 2018. Growth in consumer income and rise in youth population are boosting the market demand. These products provide extreme heat and high protection from chemical corrosion which makes it apt for automotive construction. Rising demand for electric vehicles is expected to lower emissions and fuel market growth.
  • North America is forecasted to hold a market share of 19.9% in the year 2026. Rising government initiatives for the exploration of natural gas along with private sector investments are expected to impact the demand of the market positively. Development of Shale gas in the U.S. is expected to propel the demand for intumescent coatings.
  • Key participants include Akzonobel, The Sherwin-Williams Company, Promat International, Teknos Group, BASF SE, Contego International, Inc., GCP Applied Technologies Inc., Bollom Fire Protection, Arabian Vermiculite Industries, and SKK Pte Ltd., among others.

To identify the key trends in the industry, click on the link below:   https://www.reportsanddata.com/report-detail/intumescent-coatings-market

Segments covered in the report:

For the purpose of this report, Reports and Data have segmented into the global Intumescent Coatings market on the basis of technology type, substrate, application, end-use industry, and region:                    

Technology Type Outlook (Volume: Kilo Tons; Revenue: USD Million; 2016-2026)

  • Water-Based
  • Solvent-Based
  • Epoxy-Based

Substrate Outlook (Volume: Kilo Tons; Revenue: USD Million; 2016-2026)

  • Structural Steel & Cast Iron
  • Wood
  • Others

Application Outlook (Volume: Kilo Tons; Revenue: USD Million; 2016-2026)

  • Hydrocarbons
  • Cellulosic

End-Use Industry Outlook (Volume: Kilo Tons; Revenue: USD Million; 2016-2026)

  • Building and Construction
  • Industrial
  • Aerospace
  • Oil and Gas
  • Automotive
  • Others

Order Now: https://www.reportsanddata.com/checkout-form/1986

Regional Outlook (Volume: Kilo Tons; Revenue: USD Million; 2016-2026)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of the Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • Middle East & Africa
    • Latin America
  • Brazil

Browse more similar reports on Paints and Coatings category by Reports And Data

Ink Additives Market - https://www.reportsanddata.com/report-detail/ink-additives-market

Xylene Market - https://www.reportsanddata.com/report-detail/xylene-market

Flat Glass Coatings Market - https://www.reportsanddata.com/report-detail/flat-glass-coatings-market

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:
John Watson
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-800-819-3052
E-mail: [email protected]

Primary Logo


Source: GlobeNewswire PR (October 7, 2019 - 10:23 AM EDT)

News by QuoteMedia
www.quotemedia.com

Legal Notice