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Intumescent Coating Market Size To Boost USD 1,334.5 Million By 2028 | At a CAGR of 3.80% - Reports and Data

Reports And Data

Reports And Data

The growing demand in the oil and gas sector and increasing exploration of shale gas in the world are driving the market for Intumescent Coating.

NEW YORK CITY, NEW YORK, UNITED STATES, August 19, 2022 /EINPresswire.com/ -- The global intumescent coating market is forecast to reach USD 1,334.5 Million by 2028, according to a new report by Reports and Data. Intumescent coatings are generally referred to as intumescent paint, which are used in buildings as a passive fire resistance measure. They are applied to structural members as an aesthetically pleasing fireproofing product. Intumescent coatings expand when exposed significantly to high temperatures, such as, those products that come in contact with fire.

Intumescent coatings, when applied by a spray, provides a thick and spongy surface that requires a finish covering to hide and protect the steel. They offer the same level of coating that looks like a thin layer of paint.

An increase in the investment in oil and gas exploration, coupled with development in technology, are also stimulating market growth. Intumescent coatings are used as passive fire protection, which reduces the risk of explosion. Rapid urbanization, growth in economy, and efficient transportation facilities have increased the application of natural gas and increased usage of vehicles. This has also spurred the market growth.

Get a sample copy of the global Intumescent Coating market report: https://www.reportsanddata.com/sample-enquiry-form/1986

Further key findings from the report suggest

Water-based technology type held a market share of 46.2% in the year 2018. Water-based intumescent coatings contain no hydrocarbon solvents, no possibility of solvent built up in confined spaces, and no requirement for special flammable storage areas.
Intumescent coatings are also used on wood. It is forecasted to hold a market share of 33.8% in the year 2026. For the protection of wood, the concern is less about heat and more about its flammable nature. Wood can be coated with an intumescent coat if only a painted structure is acceptable or else the coating is not an acceptable choice.
Cellulosic product application is forecasted to grow with a CAGR of 4.0% during the forecast period. The increasing adoption of decorative furniture and interior designing in the buildings will propel the market demand. These coatings help prevent the spread of fire in the premises by providing time for residents to escape.
Automotive sector held a market share of 11.3% in the year 2018. Growth in consumer income and rise in youth population are boosting the market demand. These products provide extreme heat and high protection from chemical corrosion which makes it apt for automotive construction. Rising demand for electric vehicles is expected to lower emissions and fuel market growth.
North America is forecasted to hold a market share of 19.9% in the year 2026. Rising government initiatives for the exploration of natural gas along with private sector investments are expected to impact the demand of the market positively. Development of Shale gas in the U.S. is expected to propel the demand for intumescent coatings.
Key participants include Akzonobel, The Sherwin-Williams Company, Promat International, Teknos Group, BASF SE, Contego International, Inc., GCP Applied Technologies Inc., Bollom Fire Protection, Arabian Vermiculite Industries, and SKK Pte Ltd., among others.

To know more about the report: https://www.reportsanddata.com/report-detail/intumescent-coatings-market

Market Segmentation:

Technology Type Outlook (Volume: Kilo Tons; Revenue: USD Million; 2018-2028)

Water-Based
Solvent-Based
Epoxy-Based

Substrate Outlook (Volume: Kilo Tons; Revenue: USD Million; 2018-2028)

Structural Steel & Cast Iron
Wood
Others

Application Outlook (Volume: Kilo Tons; Revenue: USD Million; 2018-2028)

Hydrocarbons
Cellulosic

The key regions covered in the report are as follows:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
The Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Request a customization of the report: https://www.reportsanddata.com/request-customization-form/1986

Table of Contents:

Report Overview

1.1 Research Scope

1.2 Key Intumescent Coating market segments

1.3 Major players

1.4 Market analysis by product type

1.5 Market analysis by application

1.6 Report timeline

Global Growth Trends

2.1 Global Intumescent Coating market size

2.2 Latest regional market trends

2.3 Emerging growth trends

Competitive Outlook

3.1 Global Intumescent Coating market key players

3.2 Global Intumescent Coating size by manufacturers

3.3 Products of major players

3.4 Entry barriers in the Intumescent Coating market

3.5 Mergers, acquisitions, joint ventures, and other strategic alliances

About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Nikhil Morankar
Reports and Data
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