May 15, 2020
According to the research report titled ‘Intumescent Coatings Market Size By Technology, By Application, By End-user, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report LLC, global intumescent coatings market is expected to register a healthy growth rate during 2020-2026.
Rising focus towards protecting high load bearing infrastructural elements from fire is a major factor driving the growth of intumescent coatings market. These coatings not only provide fireproofing solution but also offer an aesthetic appeal to varied applications. They do not interfere with the basic properties of materials. They can be easily processed as well as applied to various materials such as composite elements, concrete, timber and steel. Increasing popularity of intumescent coatings in automotive, oil & gas and construction industry is also fueling the market expansion.
In terms of technology, water based segment is predicted to expand substantially during the study period. Increasing remodeling activities coupled with growing demand for chemically resistant, high-strength and lightweight coatings in construction sector are aiding the segmental growth.
Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/467571/
Global intumescent coatings market share from hydrocarbons application is expected to grow significantly during the estimated timespan. Rising demand for intumescent coatings from oil & gas sector is favoring the market scenario. These coatings offer high corrosion resistance and fire protection to numerous offshore and onshore wells as well as drilling equipment.
Citing the end-use landscape, the others segment, which comprises of textiles, marine and aerospace sectors, is set to record a growth rate of 2.5% between 2020 and 2026. Intumescent coatings are applied on various aircraft components such as hydraulic landing gears, engine nacelles, aviation fuel pumps and cabin interiors. Additionally, rising adoption of fiber-reinforced plastics in aircrafts have increased the risk of fire spreading, which in turn is fostering the product demand.
As per the report, intumescent coatings market in Middle East & Africa is reckoned to witness a y-o-y growth rate of 4.5% through 2026. Booming automotive sector coupled with shifting focus towards improving vehicular safety are complementing the business outlook in MEA.
Meanwhile, Latin America intumescent coatings industry is poised to acquire strong revenues in the forthcoming years. Rapid urbanization and growing modernization trends are bolstering the demand for high-quality fireproof coatings, which in turn is swaying the business dynamics.
Flame Control Coatings, Sika AG, Sherwin-Williams, Firetherm, Rudolf Hensel GmbH, PPG Industries Inc., Nullifire Ltd., No-Burn Inc., Bollom Fire Protection, Jotun Group, Hempel, Crown Paints Ltd., Contego International Inc., Carboline, Isolatek International, Albi Manufacturing, AkzoNobel and 3M Co. are the major contenders in intumescent coatings market.