Demand of Epoxy-Based Intumescent Coatings Soars and is Projected to Expand at nearly 3% CAGR through 2031

Award-winning consulting firm Fact.MR’s global report on intumescent coatings forecasts a positive outlook, projecting a CAGR of approximately 3%, to be valued at a little over US$ 1 billion by 2031. Growth is majorly expected to be pivoted by extensive application across industries such as oil & gas, construction, and automotive manufacturing.

Click HERE to Get Complete Synopsis of the Report- https://www.factmr.com/report/intumescent-coatings-market

The market accrued impressive gains in recent years, being valued at just over US$ 900 million in 2020. Increasing awareness, regulations, and emphasis regarding safety measures for the building & construction as well as rising preference for lightweight materials are driving market growth. Moreover, increasing episodes of fire hazards are prompting industries to invest in high-grade fire safety solutions.

According to the World Health Organization (W.H.O), an estimated 180,000 deaths occur each year from fires alone, with more deaths from scalds, electrical burns, and other forms of burning. Over 90% of these deaths occur across low- and middle-income countries. While a lot burns are a result of accidents across residential settings, fire hazards across industrial settings are rampant, comprising most of all burn injuries and accidents. Hence, key end users are increasing uptake of intumescent coatings to mitigate these tragedies.

Click Here To get a Sample Report (Including Full TOC, Table & Figures) :- https://www.factmr.com/connectus/sample?flag=S&rep_id=6219

Key Market Segments Covered
Resin Type

Epoxy Intumescent Coatings
Acrylic Intumescent Coatings
Polyurethane Intumescent Coatings
Alkyd Intumescent Coatings
Other Resin Types Intumescent Coatings
End-Use Industry

Intumescent Coatings for Building & Construction
Intumescent Coatings for Automotive
Intumescent Coatings for Oil & Gas
Intumescent Coatings for Other End-Use Industries

To Get All-In Insights On the Regional Landscape of The Report Market, Buy Now:- https://www.factmr.com/checkout/6219

Region

North America
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Australia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Argentina
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of MEA

Read More Trending Reports of Fact.MR: –https://www.prnewswire.com/news-releases/boom-lifts-account-for-nearly-50-aerial-work-platform-revenues-factmr-301214009.html

Key Takeaways from Market Study


Intumescent coatings for oil & gas to generate more than 40% revenue through 2031

By resin, epoxy intumescent coatings to surpass US$ 175 million valuation by 2031

Polyurethane-based intumescent coatings to record CAGR of nearly 4% throughout the forecast period

Demand across the U.S. surpassed US$ 240 million in 2020, amid extensive uptake to reduce fire hazards

Market in China to expand at over 5% CAGR and reach more than US$ 220 million by 2031, amid growing presence of independent oil & gas exploration ventures


“Increasing demand for enforcing fire safety norms is escalating uptake of advanced grade intumescent coatings across key end-use industries, stimulating market growth and widening revenue prospects,”
remarks a Fact.MR analyst.

Competitive Landscape


Major intumescent coating manufacturers are majorly reliant on forging strategic collaborative agreements, mergers & acquisitions, product launches, and acquiring certifications for existing their product lines to secure a firm footing across the international marketplace.

In October 2020, BASF SE initiated a study to investigate and develop a unique technology furthering intumescent coatings manufacturing which can dramatically decrease application times and preclude the need for a topcoat, expected to yield significant benefits to key end-users.
In May 2020, Rudolf Hensel GmbH introduced its patented HENSOTHERM® 820 KS fire protection system which serves in lieu of concrete coverings or reinforced concrete parts, and is applied across flat floors and walls of reinforced concrete.

Speak to Research Analyst: https://www.factmr.com/connectus/sample?flag=AE&rep_id=6219

More Insights Available


Fact.MR, in its new offering, presents an unbiased analysis of the intumescent coatings market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031. The study divulges essential insights on the market on the basis of resin (epoxy, acrylic, polyurethane, alkyd, and other resin types) and end-use industry (building & construction, automotive, oil & gas, and other end-use industries), across five major regions of the world (North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa).

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email : sales@factmr.com
Website : https://www.factmr.com

About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions.
We have offices in US and Dublin, whereas our global headquarter is in Dubai.While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise.
Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed.
Reach out to us with your goals, and we’ll be an able research partner.

This release was published on openPR.