San Francisco, 6 February 2019: The Report Intumescent Coatings Market Analysis By Technology (Water-Based, Solvent-Based, Epoxy
Based), By Application (Hydrocarbons, Cellulosic), By End-Use (Construction,
Oil & Gas, Automotive), By Region, And Segment Forecasts, 2018 - 2025
The global intumescent coatings market is expected to reach USD 1.31 billion by 2025, according
to a new report by Grand View Research, Inc. Increasing awareness regarding the
use of fire retardants, primarily in commercial and industrial establishments
is expected to emerge as the primary growth driver over the next nine years.
The industry is expected to grow on account
of the use of passive fire protection for steel structures used in offshore and
onshore extraction, purification and refining in the oil & gas industry. In
addition, rising shale gas exploration coupled with oil & gas industry
growth in Asia Pacific is expected to propel demand over the forecast period.
The industry is characterized by the
presence of a large number of raw material suppliers leading to an increase in
the switching ability of the manufacturers, translating into a high bargaining
power. However, high price volatility of the raw materials such as epoxy resins
is expected to restrain growth over the forecast period.
The global intumescent coatings market is
subject to multiple regulations limiting the presence of volatile organic
compounds (VOC) in the formulation. However, development of advanced products
conforming to the regulations set by European Commission is expected to drive
the demand for the next nine years.
Access Research Report of Intumescent Coatings Market @ www.grandviewresearch.com/industry-analysis/intumescent-coatings-industry
Further key findings from the report suggest
· Epoxy based intumescent coatings are
expected to account for over 42% of the global volume in 2015, driven by high
demand from oil & gas industries on account of superior properties such as
low weight and minimal thickness
· The use of hydrocarbon intumescent coatings
is expected to grow at a CAGR of over 4% from 2016 to 2025, driven by growing
conformity of the product to the internationally accepted safety standards
· The demand for the product in automotive
industry is expected to grow at a CAGR of over 5% from 2016 to 2025, spurred by
use of the product in high-temperature automotive engines coupled with rising
sales of such automobiles across the globe
· The market in North America was estimated
at over 17% of the global volume in 2015, with rising exploration and
extraction of shale gas and increasing use of the product for residential and
industrial constructions emerging as the primary growth drivers
· Majority of the players in the market are
integrated across the value chain with prime emphasis laid on continuous raw
material supply and expansion of the distribution network. In addition, high
investments in R&D serves as a major distinguishing factor for the industry
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
Grand View Research has segmented the
intumescent coatings market on the basis of technology, application, end-use,
and region:
Technology Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2014 - 2025)
·
Water Based
·
Solvent Based
·
Epoxy Based
Application Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2014 - 2025)
·
Hydrocarbons
·
Cellulosic
End-Use Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2014 - 2025)
·
Construction
·
Oil & Gas
·
Automotive
·
Others
Regional Outlook (Volume: Kilo Tons;
Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
Access Press Release of
Intumescent Coatings Market@ www.grandviewresearch.com/press-release/global-intumescent-coatings-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market intelligence
studies ensuring relevant and fact-based research across a range of industries,
from technology to chemicals, materials and healthcare.
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