Intumescent Coatings Market Size, Share, Growth, Trends, Production, Consumption, Revenue and Forecast 2020 to 2027

Published Date : Apr 2020 | No. of Pages : 200 Pages | Category :

The global intumescent coatings market size is expected to reach USD 1.42 billion by 2027 and projected to expand at a CAGR of 5.1% over the forecast period 2020 to 2027.

High product demand in the oil & gas sector owing to stringent regulations coupled with increasing shale gas exploration activities across the globe is likely to propel the market growth. Moreover, demand from the automotive segment is expected to fuel market growth over the forecast period.

Public transport and cargo vehicles are expected to dominate the market for intumescent coatings in the automotive segment. Stringent fire safety regulations set by different authorities across the globe will also contribute to the product demand. Rapid growth of aerospace and automotive industries coupled with increasing demand for fireproof residential and commercial structures is expected to have a positive impact on the market in U.S.

Increasing investments for shale gas exploration in U.S. is also likely to propel the product demand over the next nine years. Introduction of advanced thin film, light-weight intumescent coatings is expected to drive the demand further. The industry exhibits low threat of substitution by alternatives, such as vermiculite fire protection, on account of superior properties of the intumescent coatings. Increased awareness about fireproofing of residential buildings is likely to impel market growth over the forecast period.

Rapidly expanding construction sector and large-scale infrastructure developments in developing economies, such as India and Indonesia, are expected to have a positive impact on the product demand. Intumescent coatings have a high potential on account of its properties, such as durability and aesthetic appeal, which make them ideally suited for automotive and construction applications. However, volatility in the prices of raw materials is expected to restrain product demand to some extent.

Technology Insights

Based on technology, the market has been segmented into water-, solvent-, and epoxy-based coatings. Water-based is expected to be the fastest-growing technology segment from 2019 to 2025. Stringent regulations about using fire protection in buildings are likely to boost the product demand. Regulations prohibiting the use of VOC paints for interior applications owing to higher toxicity and environmental impact are expected to boost the demand for water-based products. Solvent-based coatings are also anticipated to witness high demand in the coming years. These coatings are used in off-site applications in areas of low heat and high humidity to achieve decorative finish over complex shapes and for improved adhesion and high water resistance.

Application Insights

On the basis of application, the market has been segmented into hydrocarbons and cellulosic. Hydrocarbons is expected to be the fastest-growing segment over the forecast period. Increasing use of hydrocarbon intumescent coatings in industries including oil & gas and energy is likely to drive the product demand. Rapid acceptance of international standards for testing and certification of these products in the offshore market worldwide is also expected to propel the segment growth. Furthermore, high product demand in the construction industry, particularly in industrial and commercial buildings, coupled with increasing oil & gas explorations across the globe will contribute to the segment development.

End Use Insights

On the basis of end use, the market has been segmented into construction, oil & gas, automotive, and others. In 2018, oil & gas held the largest share of the global market and is expected to continue its dominance over the forecast period. Rising investments in exploration activities, deep-water projects, marginal fields, and refining capacity expansion are expected to propel the product demand in this segment.

The construction segment accounted for a significant market share in 2018. It is likely to expand further at a strong CAGR from 2019 to 2025 due to rising awareness regarding personal safety coupled with the growing emphasis by regulatory bodies to implement fire protection systems in buildings.

Regional Insights

Asia Pacific held the largest share of the global market in 2018 and will expand at the highest CAGR during the forecast years. This growth can be attributed to the rapid industrialization coupled with growing construction sector in the region. Rising awareness regarding fire safety is also anticipated to augment the product demand. Europe is expected to witness a limited growth on account of high market maturity. However, the development of advanced products coupled with rising product demand from automotive manufacturers is expected to drive the market in this region.

Intumescent Coatings Market Share Insights

The market is fragmented in nature with the presence of a few key companies, such as AkzoNobel N.V, Jotun Group, Hempel Marine Paints, Null Fire, and Sherwin-Williams Company, and medium- and small-sized regional firms, such as Carboline; No-Burn, Inc.; and Albi Manufacturing. The market is highly competitive and the manufacturers compete on the basis of product quality and the technology used for production. They also emphasize on price differentiation as a major strategy in a bid to increase market share and follow an integrated approach to reduce costs and maximize profits.


  • Technology Outlook

    • Water-based

    • Solvent-based

    • Epoxy-based

  • Application Outlook

    • Hydrocarbons

    • Cellulosic

  • End-use Outlook

    • Oil & Gas

    • Construction

    • Automotive

    • Others

  • Regional Outlook

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • U.K.

      • Germany

      • France

      • Spain

      • Denmark

      • Finland

      • Italy

      • Belgium

      • Netherlands

      • Russia

      • Sweden

      • Romania

      • Poland

    • Asia Pacific

      • China

      • Japan

      • India

    • Central & South America

      • Brazil

      • Argentina

    • Middle East & Africa

      • Saudi Arabia

      • South Africa

The Intumescent Coatings market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Intumescent Coatings market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Intumescent Coatings market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Intumescent Coatings market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Intumescent Coatings market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Intumescent Coatings capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Intumescent Coatings by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Intumescent Coatings market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Intumescent Coatings market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Intumescent Coatings market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Intumescent Coatings industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Intumescent Coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Intumescent Coatings market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Intumescent Coatings market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Intumescent Coatings market. These factors have benefited the growth of the global market for Intumescent Coatings. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Intumescent Coatings. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Microcontroller are as follows:

History Year: 2016-2019

Base Year: 2019

Estimated Year: 2020

Forecast Year 2020 to 2027

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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