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Intumescent Coatings Market incredible future growth | 2018 Key Players are 3M, Sherwin-Williams, Carboline, Albi Manufacturing, AkzoNobel, PPG Industries, Flame Control Industries, Contego, Jotun, Crown Paints
Intumescent Coatings Market
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Offshore petrochemical, chemical and steel are prominent industries where product is widely used for fire protection, as environment in these sectors are potently exposed to heat. Increasing fire protection and safety requirement across these industry sectors will significantly boost the product demand across the globe. Furthermore, the global oil & gas consumed in 2015 was 550 quadrillion units, up from around 450 quadrillion units in 2005. This elevation will substantially boost the product demand. Additionally, upcoming shale gas industry in China, Russia and the U.S. will further complement the market size
Graphite, sodium silicate and epoxy resins are primary raw materials in the market share, bottleneck supply dynamics of raw materials in the industry owing to high demand across other industries including construction and automotive may obstruct business growth.
Water based intumescent coatings Industry is forecast to witness highest growth by 2024, particularly due to its ecofriendly characteristics. Favoring government regulations for the technology on account of low VOC levels will fuel the demand over the projected period.
The solvent based intumescent coatings industry size was over USD 110 million in 2015. The industry shall observe modest gains by 2024 due to due to stringent environmental norms. Cellulosic intumescent coatings market size will see growth of around 4.5% over the projected timeframe. Increasing demand in the construction business shall drive growth by 2024.
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Partial Chapter of the Table of Content
Chapter 3 Intumescent Coatings Industry Insights
3.1 Industry segmentation
3.2 Industry Size and forecast, 2013 - 2024
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.3.2 Distribution channel analysis
3.4 Raw material trends
3.4.1 Epoxy resin
3.4.2 Sodium silicates
3.4.3 Graphite
3.5 Technology landscape
3.5.1 Water based
3.5.2 Solvent based
3.5.3 Epoxy based
3.6 Regulatory landscape
3.7 Industry Impact forces
3.7.1 Growth drivers
3.7.1.1 Growth in oil & gas exploration activities
3.7.1.2 Positive shale gas extraction outlook
3.7.1.3 Increased infrastructure spending
3.4.2 Industry pitfalls & challenges
3.4.2.1 Volatile raw material price trends
3.8 Growth potential analysis
3.8.1 Growth potential analysis
3.9 Porter’s analysis
3.10 Company market share analysis, 2015
3.10.1 Strategy dashboard
3.11 PESTEL analysis
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China intumescent coatings market size worth USD 130 million in 2015, is expected to witness a significant growth over the timeframe, owing to rapid industrialization along with the rising number of construction activities in the region. Furthermore, growing expenditure in exploration, deep-water, and refining activities by oil & gas firms is expected to boost the product demand.
U.S. intumescent coatings market share is projected is predicted to witness noticeable growth over the next few years, owing to the its growing application in the aerospace industry.
Germany intumescent coatings industry is projected to register a CAGR of 4.5% over the period of 2016-2024. Stringent fire protection norms and vehicle safety regulations are expected to fuel regional growth over the coming years.
Key companies include 3M, Sherwin-Williams, Carboline, Albi Manufacturing, AkzoNobel, PPG Industries Inc., Hempel Rudolf Hensel, Null Fire, Flame Control, Contego International, Jotun, Albi Manufacturing, Leighs Paints and Crown Paints.
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