Intumescent Coatings Market Size To Reach $1.31 Billion By 2025

January 2017 | Report Format: Electronic (PDF)

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.

 To request a sample copy or view summary of this report, click the link below:

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

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

    • U.S.

  • Europe

    • Germany

    • UK

    • France

    • Spain

    • Denmark

    • Finland

    • Italy

    • Belgium

    • Netherlands

    • Russia

    • Sweden

    • Romania

    • Poland

  • Asia Pacific

    • China

    • India

  • Central & South America

    • Brazil

  • Middle East & Africa

Request Sample
Request for Customization

Choose License Type

Single User - $4,950
Multi User - $5,950
Library Access - $7,950

Buy Chapters or Sections

Avail customized purchase options to meet your research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert. Request for a free product review before report purchase.

  • Custom research service

    Custom research service

    Speak to the report author to design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service excellence represented in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • BOA