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Global Intumescent Coatings Market InsightDecember 31, 2021 Comments
The Intumescent Coatings is forecast to crazy increase over the next years. According to the World Knowledge Information (WKI) “Global Intumescent Coatings Professional Survey Report 2021, Forecast to 2026”, Due to strict regulations, strong demand for products in the oil and gas industry, coupled with increased global exploration activities, may drive market growth. In addition, the demand from the construction industry is expected to drive market growth during the forecast period. The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 4.53% base on WKI regression analysis model.
“Global players face fierce competition from each other and from regional players who have a well-developed supply chain network and have a good understanding of their market regulations and suppliers. It is recommended that market participants focus on strengthening their position through strategic measures such as geographic expansion, mergers and acquisitions and partnerships.”said Jennie, Senior analyst, Chemical industry Market Research Center in WKI.
Lightweight is one of the main areas of intervention in the construction industry. The use of cement coating increases the total weight of the structure, which results in the need to install additional supports. This in turn will increase the total cost of the project. Therefore, intumescent coatings are alternatives because they are thinner, have better passive fire protection, and also greatly reduce the total weight of the structure and substrate. In some growing economies, the intumescent coatings market is still growing because active fire protection technologies are still common. Small building and finance industry owners in these areas still don’t know much about intumescent coatings, their benefits, and their employment in the industry. However, the high cost of intumescent coatings makes them less popular in these industry groups. So people use low-cost fire protection methods, but they cannot provide the required level of performance and reliability.
The main players in the market include: Akzo Nobel, PPG, Jotun, Sherwin Co., Ltd., Hempel, Promat International, Kansai Paint, Technos Group, Carline, 3M, Zero Fire, Sika Corporation, BASF, Contego International, Isolatek International.In September 2016, Carboline acquired Specialty Polymer Coatings, Inc., a major manufacturer of high-performance coatings for the global oil and gas pipeline market. It operates as an independent business and will combine the company’s technology and service locations with its global presence. leading position. Expansion of the coatings market.
Segmentation of Intumescent Coatings Market:
Classified by technology, the market can be subdivided into: water-based, solvent-based, and epoxy-based. Among them, epoxy type occupies a larger share in the market, because epoxy-based intumescent coatings exhibit excellent passive fire protection performance by providing an insulating barrier in the event of a fire. These coatings are inert at room temperature, but when the temperature rises, they form a thick layer of carbon, which improves the insulation level in the event of a fire.The intumescent coating market is subdivided into hydrocarbons and cellulose by application. Among them, cellulose occupies a large share of the market. Cellulose intumescent coatings are mainly used in the construction industry to provide heat to protect the uncovered steel structure and facilitate the escape of the resistant layer in the event of a fire. The growing demand for intumescent coatings in the construction industry, especially in industrial and commercial buildings, will drive the growth of this market segment.According to the end use, the market can be subdivided into: construction, oil and gas, automobiles, and others.Oil and natural gas will occupy a larger share of the market, as increased investment in exploration activities, deepwater projects, marginal oil fields and refining capacity expansion is expected to drive the development of this product and the demand for this market segment. In addition, as the government pays more and more attention to compliance with strict fire safety regulations, and the industry’s increasing exploration activities, it is expected to drive the growth of this segment.
Intumescent Coatings Market: Regional Analysis
In terms of geography, the global Intumescent Coatings market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.The Asia-Pacific region dominates the market, with many end users, proximity to raw material suppliers, and rapid industrialization and urbanization, especially in India and China to promote the region’s demand for intumescent coatings. The availability of raw materials, coupled with the less stringent laws on VOC emissions compared to North America and Europe, provides huge opportunities for the development of end-use sectors such as construction, automobiles, and ships in the region.
Largest share area：Asia-Pacific
Largest share country：China