Chemicals Industry Today

Intumescent Coatings Market Rising Demand 2018 and Forecast to 2022

Intumescent Coatings Market Competitive Analysis, Trends and Forecast till 2021, with free sample copy of the report.
Published 26 July 2018
“Global Intumescent Coatings Market Research 2018-2021” The report covers the present scenario and the growth prospects of the global intumescent coatings market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

Our analysts forecast the Global Intumescent Coatings market to grow at a CAGR of 4.94% during the period 2018-2021

Intumescent coatings are paint like materials, which are used to provide protection against fire. They can provide insulation even at a temperature up to 392-482°F. At these temperatures, the intumescent coatings swell up and provide protection to the underlying substrates such as steel, timber, and others. Intumescent coatings are broadly classified into thin and thick films. The thin film intumescent coatings are used for cellulosic fires, whereas, the thick film intumescent coatings are used for hydrocarbon fires. In addition, these intumescent coatings are also based on different technologies such as water-borne, solvent-borne, and epoxy.

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The market is divided into the following segments based on geography: Americas, APAC, EMEA

Key vendors in this market are –  Akzo Nobel, Contego International, Hempel, Jotun, RPM International, and The Sherwin-Williams Company.

Other Prominent Vendors in the market are: BASF, Bollom, Clariant, Flame Control Coatings, Isolatek International, 3M, No-Burn, OMNOVA Solutions, PPG Industries, Rudolf Hensel, StanChem, Sika, and Wacker Chemie.
Segmentation by rail Type and analysis of the Intumescent Coatings market: Cellulosic, Hydrocarbons

Essential points covered in Global Intumescent Coatings Market 2018 Research are:-
  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the Global Intumescent Coatings market?
  • What are the key market trends impacting the growth of the Global Intumescent Coatings market?
  • What are the challenges to market growth?
  • Who are the key vendors in the Global Intumescent Coatings market?
  • What are the market opportunities and threats faced by the vendors in the Global Intumescent Coatings market?
  • What are the key outcomes of the five forces analysis of the Global Intumescent Coatings market?
This independent 80 pages report guarantees you will remain better informed than your competition. With over 150 tables and figures examining the Intumescent Coatings market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2021.

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Competitive landscape and key vendors

The intumescent coatings market is characterized by the presence of both international and local vendors. The consumption of fireproofing spray such as intumescent coatings at competitive prices has increased due to the presence of many regional vendors. The vendors in the intumescent fireproofing market are increasingly competing against each other based on factors such as the cost of production, innovation in products, price, operational cost, research and development cost, and product quality.

IndustryDataAnalytics Announces the Publication of its Research Report: Global Intumescent Coatings Market 2018-2021 

Commenting on the report, an analyst from IndustryDataAnalytics team said: The latest trend gaining momentum in the market is High demand for nano coatings. Established vendors in the market are increasing the expenditure on R&D to capture a larger proportion of the market share through new product introductions. The incorporation of nanoparticles in the coating technologies is a relatively new concept in the market. In the global intumescent coatings market, nano coatings are widely used for various substrates such as steel, timber, and others to provide multilayer protection against fire explosions.

Market challenge
High investment and technical challenges in offshore exploration
For a full, detailed list, view our report   
           
Market Trends
High demand for nano coatings
For a full, detailed list, view our report 
  
According to the report, one of the major drivers for this market is Growth of infrastructural developments in emerging countries. The global construction industry is growing at a faster pace due to a major contribution from the emerging countries. In terms of revenue, the global construction industry was valued $8.82 trillion in 2016, which was only $7.91 trillion in 2012. By 2025, the industry is expected to generate a revenue of approximately $14.98 trillion. In 2016, the emerging countries in APAC and ROW had accounted for 51.9% of the total market share and are likely to account for 62.5% by 2025. The governments of these regions are investing significantly on infrastructural developments such as residential homes, roads, hospitals, and complexes to suit the changing life style, urbanization, and migration.

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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key questions answered in this report 
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?

Further, the report states that one of the major factors hindering the growth of this market is Threat from substitute products. Consumers purchase Intumescent Coatings mainly to quench thirst and for refreshment. There are other substitute products, like juices, soft drinks, and others, available in the market that can serve the purpose as well. More soft drinks are launched into the market considering the demand for these products. The Global soft drink market is expected to reach $1,115.67 billion by 2021 at a CAGR of 5.62% during the forecast period. This shows the growing demand for soft drinks. The wide availability of such products might hamper the growth of the Global Intumescent Coatings market during the forecast period. Many consumers like the taste of soft drinks and carbonated drinks. Manufacturers of such products introduce a wide variety of products to the market in convenient packaging formats. Hence, consumers can choose products based on the purpose and occasion. 

About us:
Industrydataanalytics provides syndicated Market research reports to industries, organizations or even individuals with an aim of helping them in their decision making process. Industrydataanalytics has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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