Intumescent Coatings Market Application Technique (Spray, Brush & Roller), End-Use Industry (Building & Construction, Industrial), Type (Thin-Film, Thick Film), Substrates (Structural Steel & Cast Iron, Wood)2023 – 2030 by - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits
Industry : Chemicals & Materials | Pages : 179 Pages | Published On : Jul 2023
Intumescent Coatings Market:
The global intumescent coatings market had a value of USD 900.1 million in 2022 and is projected to reach USD 1,110.0 million by 2030, growing at a CAGR of 4.3% from 2023 to 2030. Intumescent coatings are utilized for passive fire protection in industries such as building & construction, industrial, and aerospace. These coatings act as a protective barrier against fire, providing valuable time for rescue and evacuation. The market for intumescent coatings is driven by increasing awareness, regulations, and emphasis on safety measures in the building & construction industry, as well as the growing preference for lightweight materials.
The intumescent coatings market is segmented by type, substrate, application technique, end-use industry, and region. The thin-film intumescent coatings segment is expected to lead the market in terms of value during the forecast period. Thin-film intumescent coatings are commonly used in the building & construction industry for passive fire protection against cellulosic fires.
In terms of substrate, the structural steel & cast iron segment is projected to witness the highest CAGR between 2023 and 2030. The growth of this segment is attributed to the increased use of steel in building & construction activities.
Asia Pacific is estimated to be the largest market for intumescent coatings globally. The region has witnessed the establishment of manufacturing facilities and significant growth in the construction industry, particularly in countries like China, India, and Indonesia. However, the use of low-cost alternatives in developing economies poses a restraint to the global intumescent coatings market. The increasing urbanization and building & construction activities offer growth opportunities for the market.
Intumescent Coatings Market Players
Key players in the intumescent coatings market include AkzoNobel, PPG, Jotun, The Sherwin-Williams Company, and Hempel. These companies have implemented strategies such as expansions, new product launches, and acquisitions to enhance their market shares and expand their distribution networks globally. Expansions have been a significant focus for these companies, with AkzoNobel opening a new performance coatings facility in Thailand in May 2017, strengthening its organic growth momentum and sustainability.
Intumescent Coatings Market Report Scope
This research report categorizes the intumescent coatings market on the basis of type, substrate, application technique, end-use industry, and region.
Intumescent Coatings Market, By Type
• Thin-film Intumescent Coatings
• Thick-film Intumescent Coatings
Intumescent Coatings Market, By Substrate
• Structural Steel & Cast Iron
• Others (walls, fiberglass, plasterboards, concrete)
Intumescent Coatings Market, By Application Technique
Intumescent Coatings Market, By End-use Industry
• Building & Construction
• Others (mining, electrical & electronics, automotive)
Intumescent Coatings Market, By Region
• North America
• Asia Pacific
• South America
• Middle East & Africa
The market has been further analyzed for the key countries in each of these regions.
Table and Figures
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Covered Key Topics
Market Growth Drivers
Leading Market Players
Company Market Share
Market Size and Growth Rate
Market Trend and Technological