San Francisco, 08
February, Intumescent Coatings Market Analysis By Technology (Water-Based,
Solvent-Based, Epoxy Based), By Application (Hydrocarbons, Cellulosic), By
End-Use (Construction, Oil & Gas, Automotive), By Region, And Segment
Forecasts, 2018 – 2025.
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.
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Report On Intumescent Coatings Market Analysis:
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
Browse More Reports Of This Category By
Grand View Research At: www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
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
o
U.S.
·
Europe
o
Germany
o
UK
o
France
o
Spain
o
Denmark
o
Finland
o
Italy
o
Belgium
o
Netherlands
o
Russia
o
Sweden
o
Romania
o
Poland
·
Asia Pacific
o
China
o
India
·
Central & South America
o
Brazil
·
Middle East & Africa
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Press Release of this Report: www.grandviewresearch.com/press-release/global-intumescent-coatings-market
About Grand
View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
For more information: www.grandviewresearch.com/
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