by Intumescent coatings are advanced fire protection coatings that expand into an insulating char on exposure to fire or heat. They find applications in preventing structural steel, concrete, timber, and other materials from failure during fire. Increasing construction activities and rising awareness about fire safety in residential and commercial buildings drive the demand for intumescent coatings. The global intumescent coatings market size is projected to grow exponentially during the forecast period owing to rising investment in infrastructure projects worldwide.
Global Intumescent Coatings Market Size is estimated to be valued at US$ 1.29 Bn in 2024 and is expected to exhibit a CAGR of 7.9% over the forecast period 2024-2031.
Key Takeaways
Key players operating in the intumescent coatings market are AkzoNobel, PPG Industries, Jotun, Sherwin-Williams, Hempel, BASF, Contego International, No-Burn Inc., Nullifire, Carboline, Leigh’s Paints, 3M, Rudolf Hensel GmbH, Thermakraft, Isolatek International, Flame Control Coatings LLC, Firefree Coatings Inc., Den Braven, Teknos Group, Bollom Fire Protection.
The growing demand for passive fire protection from oil & gas, infrastructure, and industrial sectors will boost market revenue. Stringent government regulations to ensure fire safety in commercial buildings also drive market growth.
Expanding construction activities in developing countries such as India, China, Indonesia provide growth opportunities for intumescent coatings manufacturers. Rapid urbanization and investment in infrastructure development projects support the global expansion of the intumescent coatings market.
Market Key Trends
Sustainable construction practices focusing on green building materials gain traction. Intumescent coatings help improve energy efficiency in buildings as their insulative charring action provides effective fire barriers. Their lightweight and minimal waste production during application align well with sustainable construction goals. Manufacturers developing water-based and low VOC intumescent coatings witness increasing demand driven by environmental regulations.
Porter’s Analysis
Threat Of New Entrants: Intumescent coatings market requires high capital investment for setting up manufacturing plants and obtaining certifications and approvals which makes the threat of new entrants low.
Bargaining Power Of Buyers: Buyers have high bargaining power in intumescent coatings market due to availability of numerous product options from various manufacturers globally.
Bargaining Power Of Suppliers: Suppliers have moderate bargaining power due suppliers have control over raw material prices.
Threat Of New Substitutes: Threat of new substitutes is low as there are limited replacements/substitutes available for intumescent coatings.
Competitive Rivalry: Being a consolidated market with presence of few large players globally, competitive rivalry in intumescent coatings market is high.
Europe accounts for around 35-40% value share in intumescent coatings market owing to strong infrastructure and stringent fire safety regulations in the European Union. Asia Pacific is projected to be the fastest growing regional market during the forecast period due to increasing construction spending and growth in key economies like China and India demanding intumescent coatings for fire protection.
What Are The Key Data Covered In This Intumescent Coatings Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the Intumescent Coatings’s growth between 2024 and 2031.
:- Accurate calculation of the size of the Intumescent Coatings and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- Intumescent Coatings Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of Intumescent Coatings vendors
FAQ’s
Q.1 What are the main factors influencing the Intumescent Coatings?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top Intumescent Coatings companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Intumescent Coatings’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
