This report focuses on the Intumescent Coatings Market by Manufacturers, Regions, Type and Application, exclusively in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on type, application, regions, and manufacturers.
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Industry Overview and Trend Analysis:
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.
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 end-user 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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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.
The global intumescent coatings market is segmented as follows –
By Technology: Water Based, Solvent Based & Epoxy Based
By End-user: Oil & Gas, Construction, Automotive & Others
By Application: Hydrocarbons & Cellulosic
By Region: North America: (U.S, Canada & Mexico), Europe: (Germany, France, UK, Italy, Spain & Rest of Europe), Asia-Pacific: (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific) and Rest of the World: (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates & Others)
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Technology Outlook and Trend Analysis:
In 2015, water-based intumescent coatings market was expected at around 39% of the global market consumption owing to rising demand in inside applications fueled by superior flame retardant properties. Additionally, growing demand for the product due to the superior finish of the coating, faster drying time and absence of VOCs, is prone to boost the market growth during the forecast years. The requirement for solvent-based intumescent coatings is propelled by utilization in off-site applications where humidity and heat resistance establish fundamental parameters for the preference of coatings. Though, adverse characteristics of the products like higher price and elevated VOC content is anticipated to restrict the global market growth during the next few years.
Major Table of Contents:
Chapter 1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
Chapter 2. Executive Summary
2.1. Key Highlights
Chapter 3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Growth in oil & gas exploration activities
3.2.1.2. Increased infrastructure spending
3.2.1.3. Positive shale gas extraction outlook
3.2.2. Restraints
3.2.2.1. Volatile raw material price trends
3.2.3. Opportunities
3.2.3.1. Emerging Countries to Offer Lucrative Growth Opportunities
Chapter 4. Intumescent Coatings Market, By Technology
4.1. Introduction
4.2. Intumescent Coatings Market Assessment and Forecast, By Technology, 2012-2022
4.3. Water Based
4.3.1. Market Assessment and Forecast, By Region, 2012-2022 ($Billion)
4.4. Solvent Based
4.4.1. Market Assessment and Forecast, By Region, 2012-2022 ($Billion)
4.5. Epoxy Based
4.5.1. Market Assessment and Forecast, By Region, 2012-2022 ($Billion)
Chapter 5. Intumescent Coatings Market, By Application
5.1. Introduction
5.2. Intumescent Coatings Market Assessment and Forecast, By Application, 2012-2022
5.3. Hydrocarbons
5.3.1. Market Assessment and Forecast, By Region, 2012-2022 ($Billion)
5.4. Cellulosic
5.4.1. Market Assessment and Forecast, By Region, 2012-2022 ($Billion)
…Read Full Table of Contents
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