Intumescent Coatings Market 2016 Trends, Research, Analysis and Review Forecast 2024
Thanks to the significant rise in the building and construction activities, fueled by the swift increase in the urbanization, the demand for intumescent coatings has bolstered across the world. The implementation of various regulations concerning the emission of volatile organic compounds is also influencing the sales of these coatings globally.
Thanks to the significant rise in the building and construction activities, fueled by the swift increase in the urbanization, the demand for intumescent coatings has bolstered across the world. The implementation of various regulations concerning the emission of volatile organic compounds is also influencing the sales of these coatings globally.
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<strong>Intumescent</strong> <strong>Coatings</strong> <strong>Market</strong> - Global Industry<br />
<strong>Analysis</strong>, Size, Share, Growth, <strong>Trends</strong>, <strong>and</strong><br />
<strong>Forecast</strong> <strong>2016</strong> - <strong>2024</strong><br />
Global <strong>Intumescent</strong> <strong>Coatings</strong> <strong>Market</strong>: Snapshot<br />
Thanks to the significant rise in the building <strong>and</strong> construction activities, fueled by<br />
the swift increase in the urbanization, the dem<strong>and</strong> for intumescent coatings has<br />
bolstered across the world. The implementation of various regulations concerning<br />
the emission of volatile organic compounds is also influencing the sales of these<br />
coatings globally.<br />
Going forward, the increasing awareness among consumers regarding fire<br />
protection coatings is likely to boost the worldwide market for intumescent coatings<br />
substantially in the years come. The opportunity in this market is likely to rise at a<br />
CAGR of 7.0% between <strong>2016</strong> <strong>and</strong> <strong>2024</strong> <strong>and</strong> progress from a value of US$372.9 mn<br />
in 2015 to US$675.5 mn by the end of <strong>2024</strong>.<br />
View Report @ http://www.transparencymarketresearch.com/intumescentcoatings-market.html<br />
Epoxy-based <strong>Intumescent</strong> <strong>Coatings</strong> to Witness Strong Dem<strong>and</strong><br />
Based on the type of resin, the global intumescent coatings market has been<br />
classified as acrylic, epoxy, <strong>and</strong> polyurethane. Epoxy-based intumescent coatings<br />
are the most common resin across the world. Over the coming years, the dem<strong>and</strong><br />
for epoxy-based coatings is likely to increase remarkably, establishing their<br />
continued lead on this market. Among others, the acrylic-based intumescent<br />
coatings segment has been performing better compared to polyurethane-based<br />
ones. However, polyurethane resins are recently introduced into the market <strong>and</strong> are<br />
expected to have a positive influence in the near future.<br />
In terms of the type of fire, the market has been classified into cellulosic coatings<br />
<strong>and</strong> hydrocarbon coatings. The rise in the overall construction <strong>and</strong> building sector<br />
has created a significant dem<strong>and</strong> for cellulosic coatings. Hydrocarbon coatings are<br />
preferred in the petrochemical industry <strong>and</strong> the dem<strong>and</strong> for these coatings is<br />
expected to augment in the upcoming years.<br />
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Asia Pacific to Remain Dominant<br />
Geographically, Asia Pacific leads the global market for intumescent coatings. In<br />
2015, it held more than 40% of the overall market. The increase in construction<br />
activities <strong>and</strong> the growth in population are considered as the key driving force<br />
behind the progress of the Asia Pacific market for intumescent coatings. China has<br />
emerged as a hub for the intumescent coatings market in this region. Apart from<br />
China, the ASEAN region <strong>and</strong> several nations, such as India <strong>and</strong> Japan, are also<br />
reporting a high dem<strong>and</strong> for intumescent coatings. Asia Pacific is expected to retain<br />
its lead in the global intumescent coatings market over the forthcoming years.<br />
Europe acquired the second position in the global market in 2015 <strong>and</strong> is expected to<br />
remain seated in this position over the next few years. The domestic markets for<br />
intumescent coatings in the U.K., Germany, <strong>and</strong> France are leading the European<br />
market. Although moderately mature, the dem<strong>and</strong> for intumescent coatings for fire<br />
protection is likely to propel the market in this region. Germany is a massive hub for<br />
intumescent coatings with operating unit, mainly in Berlin.<br />
The building <strong>and</strong> construction sector is the dominant end user of intumescent<br />
coatings in Europe. The dem<strong>and</strong> for fire protection in the transportation <strong>and</strong><br />
consumer electronics industries is anticipated to fuel the dem<strong>and</strong> for intumescent<br />
coatings in Europe over the forthcoming years. The dem<strong>and</strong> for polyurethane-based<br />
technology is estimated to increase in the region due to technological<br />
advancements in the near future.<br />
Akzo Nobel N.V., Jotun, PPG Industries, Sherwin-Williams Co., Albi Manufacturing,<br />
Flame Control <strong>Coatings</strong> LLC, 3M, OMNOVA Solutions Inc., RPM International Inc.,<br />
Sherwin-Williams Co., Wacker Chemie AG, BASF SE, PPG Industries Inc., Sika AG,<br />
Contego International Inc., <strong>and</strong> Benjamin Moore & Co. are the prime vendors of<br />
intumescent coatings across the world.<br />
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