Intumescent Coatings Market Projected to Reach US$ 675.5 Mn by 2024: Transparency Market Research

Transparency Market Research has published a new report titled “Intumescent Coatings Market– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016–2024.” According to the report, the global intumescent coatings market was valued at US$ 372.9 Mn in 2015 and is likely to reach US$ 675.5 Mn in 2024, expanding at a CAGR of 7.0 % between 2016 and 2024.

Asia Pacific accounted for more than 40 % share of the global intumescent coatings market in 2015. The growing building & construction industry coupled with rise in population is considered as a key market driver of intumescent coatings in the region. China is the major hub for intumescent coatings market in this region owing to the growing construction industry. Apart from China, countries such as India, Japan and overall development in the ASEAN region are also considered as key driving factors of fire protection coatings market. Asia Pacific region dominates both in terms of volume and share.

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Europe is the second largest region in terms of intumescent coatings consumption. The markets in the U.K., Germany, and France are substantial compared to Italy and Spain. Although moderately mature, the demand for intumescent coatings for fire protection is likely to propel the market in the region. Germany is a major hub for intumescent coatings with operating unit, mainly   in Berlin. Building & construction is the dominant end-user of intumescent coatings in Europe. The demand for fire protection in the transportation and consumer electronics industries is anticipated to propel the expansion of the market in Europe. Demand for polyurethane based technology is estimated to increase in the region due to technological advancements in the region.

North America is another key region for the market of intumescent coatings. The market size of the U.S. is much higher than that of Canada. Key intumescent coatings manufacturing facilities are located in North Carolina and California. Shale gas exploration and the presence of competitors drive the expansion of the intumescent coatings market in the region. The growing number of fire accidents associated with the oil gas exploration activities in the region propel the market for intumescent coatings in the region. Besides, presence of manufacturers such as Akzo Nobel N.V and PPG Industries Inc are also positively influencing the intumescent coatings market in the region

Building & construction industry in Latin America is on growth phase and this is expected to drive the intumescent coatings market. The oil & gas exploration activities in Latin America is expected to drive the intumescent coatings market in the region. Brazil and Mexico are the two key countries for the intumescent coatings market.

Middle East & Africa possess a strong market for intumescent coatings. The lucrative oil & gas industry in the region is fuelling the market for intumescent coatings in the region. The countries such as GCC, South Africa and Rest of Middle East & Africa are also expected to have high growth potential for the intumescent coatings market

The key players of global intumescent coatings include Akzo Nobel N.V, PPG Industries Inc, Sherwin Williams Company, RPM International Inc and Jotun

The intumescent coatings market has been divided into the following segments:

Intumescent Coatings Market – Resin Type Analysis

  • Acrylic
  • Epoxy
  • Polyurethane
  • Others

Intumescent Coatings Market – Fire Type Analysis

  • Cellulosic
  • Hydrocarbon

Intumescent Coatings Market – Technology Type Analysis

  • Solvent based
  • Water based
  • Powder based

Intumescent Coatings Market – Application Type Analysis

  • Building & Construction
  • Oil & gas
  • Transportation
  • Consumer Electronics
  • Others

Intumescent Coatings Market – Regional Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • Egypt
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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