Intumescent Coatings Market To Reach $1389.2 Million By 2033

Intumescent Coatings Market Growth & Trends

The global intumescent coatings market size is expected to reach USD 1389.2 Million by 2033, registering a CAGR of 4.8% from 2025 to 2033, according to a new report by Grand View Research, Inc. Extensive usage of passive fire protection for steel structures used in offshore & onshore extraction and purification & refining in the oil & gas industry is the key factor boosting the market growth. In addition, rising shale gas exploration coupled with expanding oil & gas industry in North America is expected to propel the product demand over the forecast period. The market is characterized by the presence of a large number of raw material suppliers leading to an increase in the switching ability of the manufacturers and boost the bargaining power.

However, volatile prices of the raw materials, such as epoxy resins is expected to restrain the growth to some extent. Moreover, several regulations limiting the presence of Volatile Organic Compounds (VOCs) in the formulation is further expected to hinder market growth. On the other hand, development of advanced products that are compliant with the regulations set by the European Commission is expected to drive the demand over the next seven years. The market in Asia Pacific witnessed a significant expansion owing to increased oil & gas exploration activities, particularly in the South China Sea.

Furthermore, infrastructure development in emerging economies including India, Indonesia, and Vietnam is likely to contribute to the market development over the forecast period. However, the recent outbreak of COVID-19 has disrupted supply chains and sharply curtailed product demand. Restriction in transportation and supply due to slowdown or halting of factories, partial or nationwide lockdowns in several countries and slowdown in construction activities in order to restrain the spread of the pandemic is expected to negatively impact market growth.

Water-based intumescent coatings segment is anticipated to progress at substantial growth rate during the forecast period. Water-based intumescent coatings are primarily used where solvent-based coatings are expected to react with the substrate. They are ideal primers owing to properties such as excellent thermal and corrosion resistance. In addition, they are flame resistant and have low toxicity owing to their low VOC content and low hazardous air pollutant emissions. The use of water-based coatings is projected to increase during the forecast period due to stringent legislation regarding the solvents present in paints & coatings in the U.S. and other mature European countries. Several companies in the market are working towards the development of new fast-drying coatings product. Companies such as Alfa Laval and Hellenic Petroleum are using fast-drying water-based coatings for heat exchangers, train wagons, piping, and tanks. These coatings comply with strict VOC regulations and are suitable for shorter production turnaround time.

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Intumescent Coatings Market Report Highlights

• Thin film intumescent coatings held the largest revenue share of 62.4% in 2024, primarily due to their widespread use in commercial and residential construction projects where aesthetics, ease of application, and compliance with fire safety standards are critical. 

• The R60 (60 minutes) fire rating segment held the largest revenue share of 46.7% in 2024, owing to its widespread adoption in commercial buildings, residential complexes, and industrial facilities where fire codes typically mandate a minimum one-hour fire resistance for structural components. 

• The water-based segment held the largest revenue share of 35.3% in 2024, primarily due to increasing regulatory pressure to reduce VOC emissions and the global push toward environmentally sustainable construction materials. 

• The cellulosic segment held the largest revenue share of 56.4% in 2024, driven by the growing application of intumescent coatings in commercial, residential, and institutional buildings where protection against cellulosic fires, caused by burning wood, paper, or other organic materials, is required.

Intumescent Coatings Market Segmentation

Grand View Research has segmented the global intumescent coatings market report based on type, substrate, technology, fire rating, application, application technique, end use, and region:

Intumescent Coatings Type Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)

• Thick film

• Thin film

Intumescent Coatings Substrate Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)

• Wood

• Structural Steel & Iron

• Others

Intumescent Coatings Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)

• Water-Based

• Solvent-Based

• Epoxy-Based

Intumescent Coatings Fire Rating Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)

• (R30) 30 Minutes

• (R60) 60 Minutes

• (R90) 90 Minutes

• (R120) 120 Minutes

• (R180) 180 Minutes

Intumescent Coatings Application Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)

• Hydrocarbon

• Cellulosic

Intumescent Coatings Application Technique Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)

• Brush/Roller

• Spray

Intumescent Coatings End Use Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)

• Construction

• Oil & Gas

• Automotive

• Others

Intumescent Coatings Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Netherlands

  • Belgium

  • Russia

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Singapore

• Middle East & Africa

  • Saudi Arabia

  • South Africa

• Latin America

  • Brazil

  • Argentina

List of Key Players in Intumescent Coatings Market

• Akzo Nobel N.V.

• Jotun

• Contego International Inc.

• Hempel A/S

• No-Burn Inc.

• Nullifire

• The Sherwin-Williams Company

• Carboline

• Albi Protective Coatings

• Isolatek International

• Rudolf Hensel GmbH

• PPG Industries, Inc.

• 3M

• Sika AG

• Tor Coatings