Intumescent Coatings Market to witness heavy growth prospects via automotive and construction applications
Oct 18, 2019
The solvent based intumescent coatings market shall observe modest gains by 2024 due to due to stringent environmental norms.
Sellbyville, United States - October 18, 2019 /MarketersMedia/ —
Intumescent Coatings Market is likely to experience significant growth over the projected time frame. This growth is attributed to wide reaching use in automotive and construction applications. Furthermore, escalating demand for fire protection in construction, oil & gas, and steel sectors is anticipated to impel intumescent coatings industry growth. In addition to this, properties including aesthetic appeal and durability make them a preferred option in construction and automotive application. Growing demand of Cellulosic coatings in automotive segment is likely to influence the global market positively owing to its multiple features.
Browse key industry insights spread across 225 pages with 204 market data tables and 34 figures & charts from the report, “Intumescent Coatings Market" in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/intumescent-coatings-market
Offshore petrochemical, chemical and steel are prominent industries where product is widely used for fire protection, as environment in these sectors are potently exposed to heat. Increasing fire protection and safety requirement across these industry sectors will significantly boost the product demand across the globe. Furthermore, the global oil & gas consumed in 2015 was 550 quadrillion units, up from around 450 quadrillion units in 2005. This elevation will substantially boost the product demand. Additionally, upcoming shale gas industry in China, Russia and the U.S. will further complement the intumescent coatings market size.
Water based intumescent coatings market is forecast to witness highest growth by 2024, particularly due to its ecofriendly characteristics. Favoring government regulations for the technology on account of low VOC levels will fuel the demand over the projected period. The solvent based intumescent coatings market size was over USD 110 million in 2015. The industry shall observe modest gains by 2024 due to due to stringent environmental norms. Cellulosic intumescent coatings market size will see growth of around 4.5% over the projected timeframe. Increasing demand in the construction business shall drive growth by 2024.
Global market Insights Inc. has announced an addition of a new study based report on intumescent coatings market to their offering. According to the report the market size is expected to reach 145.6 kilotons by 2024, at a growing CAGR of over 5%. The report covers in-depth analysis of the market on the basis of applications, geography and competitive scenario. It focuses on potential aspects such as drivers, impediments, opportunities, and challenges that influence the market scenario. It begins with an overview of the market including, definition, classification, application, etc. It then analyzes the market on the basis of segmentation at a regional level coupled with price rate, profit, forecast and estimates. It also discusses competitive landscape of the market along with top participants in the market, company profiles, key business strategies and financial metrics.
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Asia Pacific is the largest regional market in the industry. Increasing industrialization, together with growing construction activities mainly in Vietnam, India and Bangladesh is poised to boost regional consumption. Asia Pacific is likely to continue its dominance, owing to strong infrastructure expenditure. Furthermore, rising industrialization and growing awareness about fire safety is anticipated to witness a drive in use during the projected period. U.S. intumescent coatings market share is likely to hit USD 143.7 million in next six years with prospective opportunity from the aerospace industry. Furthermore, LATAM and MEA are expected to propose noteworthy potential opportunity for industry participants during the projected time frame.
Market players will try to increase their ROI through product innovation and mergers & acquisitions. Key industry players in the intumescent coatings market include Akzo Nobel, Albi Manufacturing, PPG Industries Carboline Global, Null Fire, Jotun Company, Crown Paints Company, Contego International Incorporation, Rudolf Hensel GmbH, Leighs Paints, Albi Manufacturing, and Hempel.
Table Of Content For This Research Report:
Chapter 4 Intumescent Coatings Market, By Application
4.1 Global intumescent coatings market share by application, 2016 & 2024
4.2 Cellulosic
4.2.1 Global cellulosic intumescent coatings market, 2013 – 2024
4.2.2 Global cellulosic intumescent coatings market, by region, 2013 - 2024, (Kilo Tons) (USD Million)
4.3 Hydrocarbon
4.3.1 Global hydrocarbon intumescent coatings market, 2013 – 2024
4.3.2 Global hydrocarbon intumescent coatings market, by region, 2013 - 2024, (Kilo Tons) (USD Million)
Chapter 5 Intumescent Coating Market, By Technology
5.1 Intumescent coating market by technology market share, 2016 & 2024
5.2 Water Based
5.2.1 Global intumescent coating market from water based technology, 2013-2024, (Kilo Tons) (USD Million)
5.2.2 Global intumescent coating market from water based technology, by region, 2013-2024, (Kilo Tons) (USD Million)
5.3 Solvent Based
5.3.1 Global intumescent coating market from solvent based technology, 2013-2024, (Kilo Tons) (USD Million)
5.3.2 Global intumescent coating market from solvent based technology, by region, 2013-2024, (Kilo Tons) (USD Million)
5.4 Epoxy Based
5.4.1 Global intumescent coating market from epoxy based technology, 2013-2024, (Kilo Tons) (USD Million)
5.4.2 Global intumescent coating market from epoxy based technology, by region, 2013-2024, (Kilo Tons) (USD Million)
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/intumescent-coatings-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Info:
Name: Arun Hegde
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Organization: Global Market Insights, Inc.
Address: 4 North Main Street Selbyville, Delaware 19975 USA
Phone: 1-888-689-0688
Website: https://www.gminsights.com/pressrelease/intumescent-coatings-market-size
Source: MarketersMedia
Release ID: 88928950
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