Global Intumescent Coating Market was valued at US$ 742.5 Mn in 2019 and expected to reach US$ $1240.3 Mn by 2026, at a CAGR of 6.62% during the forecast period.
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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The intumescent coatings play a vital role in the fire protection of structural elements. It covers a wide range of structural sections including universal beams and columns, circular and rectangular hollow sections, and concrete-filled tubes. The intumescent coating is possible to protect people for up to three hours after the fire breaks out. Intumescent coatings are applied to steel buildings either on or off-site to prevent structural failure in the event of the fire. Intumescent coatings have become the preferred choice for the protection of structural steel. This is a result of their ability to provide a cost-effective passive fire protection solution while maintaining the aesthetic qualities of the steel, which is being demanded by more and more architects and engineers.
Based on the type of resin, the Intumescent coatings market has been classified as acrylic, epoxy, and polyurethane. Over the past few years, the market has shifted to epoxy-based coating.
In terms of the type of technology, the market has been classified into solvent-based, water-based, and epoxy-based coating. Over the coming years, the demand for epoxy-based coating increases remarkably. A new water-based resin technology, based on the same chemistry and expertise, has been developed to meet the fire-resistance requirements of best-in-class products.
The oil & gas industry in the Asia Pacific is growing due to the rising demand for energy and petrochemicals. Countries such as India, Malaysia, Indonesia, China, South Korea, and Japan are experiencing an increase in offshore drilling activities. The growth in population increases oil production in the emerging economies will boost the consumption of intumescent coatings in the oil & gas sector during the forecast period.
The building and construction sector is the dominant use of intumescent coatings in Europe. The demand for fire protection in the transportation and consumer electronics industries is anticipated to fuel the demand for intumescent coatings in Europe over the forthcoming years. The demand for polyurethane-based technology is estimated to increase in the region due to technological advancements in the near future.
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Scope of the Global Advanced Ceramic Market: Inquire before buying
Global Inducement Coating Market, by Resin type
• Acrylic
• Epoxy
• Polyurethane
Global Inducement Coating Market, by Technology
• Solvent-based
• Water-based
• Epoxy-based
Global Inducement Coating Market, by Application
• Building & Construction
• Oil & Gas
• Transportation
• Consumer Electronics
Global Inducement Coating market, by Region
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South America
Key Players Analyzed in the Report:
• Sherwin Williams
• PPG Industries Inc.
• Akzo Nobel NV
• Jotun
• RPM
• Albi-Stan Chem
• JOTUN
• Flame Control
• 3M
• SKK
• Demilec
• Isolate
• Wacker
• ACS
• OMNOVA
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