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Intumescent Coatings Market Trends, Regulations and Competitive Landscape Outlook to 2025

Increasing awareness regarding the use of fire retardants, primarily in commercial and industrial establishments is expected to emerge as the primary growth driver over the next nine years.

The Global Intumescent Coatings Market is expected to reach USD 1.31 billion by 2025, according to a new report by Grand View Research, Inc.


The industry is expected to grow on account of the use of passive fire protection for steel structures used in offshore and onshore extraction, purification and refining in the oil & gas industry. In addition, rising shale gas exploration coupled with oil & gas industry growth in Asia Pacific is expected to propel demand over the forecast period.

The industry is characterized by the presence of a large number of raw material suppliers leading to an increase in the switching ability of the manufacturers, translating into a high bargaining power. However, high price volatility of the raw materials such as epoxy resins is expected to restrain growth over the forecast period.

The Global Intumescent Coatings Market is subject to multiple regulations limiting the presence of volatile organic compounds (VOC) in the formulation. However, development of advanced products conforming to the regulations set by European Commission is expected to drive the demand for the next nine years.

Epoxy based intumescent coatings are expected to account for over 42% of the global volume in 2015, driven by high demand from oil & gas industries on account of superior properties such as low weight and minimal thickness. The use of hydrocarbon intumescent coatings is expected to grow at a CAGR of over 4% from 2016 to 2025, driven by growing conformity of the product to the internationally accepted safety standards.

To Know More About Intumescent Coatings Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/intumescent-coatings-industry

The demand for the product in automotive industry is expected to grow at a CAGR of over 5% from 2016 to 2025, spurred by use of the product in high-temperature automotive engines coupled with rising sales of such automobiles across the globe.

Market Segmentation of Intumescent Coatings Market:

The Global Intumescent Coatings Market segmented on the basis of Technology, Application and End-Use.

By Technology:

    Water Based
    Solvent Based
    Epoxy Based

By Application:

    Hydrocarbons
    Cellulosic

By End-Use:

    Construction
    Oil & Gas
    Automotive

Inquire about Intumescent Coatings Market with Our Experts @ https://www.grandviewresearch.com/inquiry/82
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