Global Intumescent Coating Markets to 2023: Analysis by Coating Type, Substrate, End-User Industry and Geography - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 3, 2018--The “Intumescent Coatings Market - Forecasts from 2018 to 2023” report has been added to ResearchAndMarkets.com’s offering.The Intumescent coatings market is projected to grow at a CAGR of 5.46% over the forecast period of 2017-2023.Intumescent Coatings provide passive fire protection as they can withstand temperatures up to 600 degree Celsius and are aesthetically pleasing at the same time. This is significantly boosting the demand for intumescent coating.Stringent government regulations and precautions relating to fire accidents and damages along with the growing need for lightweight materials for construction and aerospace industry are also augmenting the demand for Intumescent Coatings.However, rising demand for cementitious coating and the fluctuations in the price of intumescent coatings are restraining the growth of intumescent coatings market.By end-user industry, the intumescent coatings market is segmented as infrastructure, aerospace, oil and gas, and chemicals among others. The infrastructure industry held a significant market share in 2017 as various governments are pushing for more strict safety regulations, thereby boosting the demand for intumescent coatings for their use in steel beams and other materials used in the construction industry.Since the intumescent coating is a lightweight solution to fire prevention, it is also used in the aerospace industry to prevent vehicles from engine combustion damages. Rising expenditure in the aerospace industry will, thus, boost the demand for intumescent coatings over the forecast period.
By substrate, structural steel holds the substantial market share as intumescent coatings are used for coating steel beams used in construction industry. With the growing need for wooden furniture and items, the demand for timber substrate will escalate during the forecast period.
By geography, the Asia-Pacific market might see a substantial rise owing to rising construction expenditure in developing economics such as China and India, propelling the demand for intumescent coating. The Middle East and African region is also expected to grow at a significant rate on account of high requirement of intumescent coating for construction and industrial use.
Key Topics Covered
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Intumescent Coatings Market By Coating Type
6. Intumescent Coatings Market By Substrate
7. Intumescent Coatings Market By End-User Industry
8. Intumescent Coatings Market By Geography
9. Competitive Intelligence
10. Company ProfilesCarbolineNullifireFlame ControlIsolatekThe Sherwin-Williams CompanyPPGAkzoNobelJotunTeknos3M
For more information about this report visit https://www.researchandmarkets.com/research/nps82g/global?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181203005372/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics:Paints and Coatings,Fire Protection Materials and Devices
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 12/03/2018 05:25 AM/DISC: 12/03/2018 05:25 AM