Intumescent Coatings Market is anticipated to exhibit a healthy CAGR during the forecast period, according to a report available on Million Insights. Intumescent coating refers to fire resistant paint that is used in buildings to make them withstand high temperatures. The paint is inert at low temperatures and acts as excellent insulator at high temperature ranging 200 to 250 degree Celsius. In addition, it provides pleasing finish to the infrastructure by enhancing the appearance of structural steel.
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Market Synopsis of Intumescent Coatings Market:
Growing safety concerns in
residential and commercial buildings to prevent major damages due to accidents
is anticipated to propel intumescent coating market growth. Every year,
hundreds of innocent humans die in sudden fire accidents due to suffocation and
rampage. Thereby, it is essential to take all precautionary measures while
constructing residential and commercial buildings. Intumescent coatings are
able to make these buildings fire proof, which makes it suitable for humans. In
addition, increasing use of lightweight materials in aerospace and construction
industry is expected to impel intumescent coatings industry growth. Moreover,
stringent regulations being imposed by government across various nations
regarding protection of buildings from fire will drive the market over the
forecast period.
To cater to rising demand for
technologically advanced paints, manufacturing companies are investing in
R&D to develop innovative products. For instance, in December 2018 Hempel
launched passive fire protection coating called Hempafire Pro 315. This coating
is aimed to protect steel structures during fire accidents. The paint offers
advanced properties such as fast drying, low loadings, and improved efficiency.
Technology Insights:
Based on technology, the intumescent
coatings market can be categorized into water based, solvent based, and epoxy
based coatings. Water based segment is anticipated to witness fast growth over
the forecast period. This is attributed to rising demand for paints that are
free from volatile organic compounds (VOCs) to protect environment from harmful
emissions. In addition, positive characteristics including superior finish,
fire resistance, and faster drying will drive segment’s growth over the
forecast period.
Application Insights:
In terms of application, the
intumescent coatings market can be bifurcated into hydrocarbons and cellulosic.
Hydrocarbons segment is expected to hold largest market share over the forecast
period owing to increasing use in energy and oil and gas industries. Growing
adoption of international standards in certification and testing of these
products can drive segment’s growth. In addition, growing number of oil and gas
exploration activities and high product demand in construction industry will
segment’s growth.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Intumescent Coatings:
Market Variables, Trends & Scope
Chapter 4 Intumescent Coatings:
Product Estimates & Trend Analysis
Chapter 5 Intumescent Coatings:
Application Estimates & Trend Analysis
Chapter 6 Intumescent Coatings:
End-use Estimates & Trend Analysis
Chapter 7 Intumescent Coatings:
Industrial End-use Estimates & Trend Analysis
Chapter 8 Intumescent Coatings:
Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Intumescent Coatings:
Manufacturers Company Profiles
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