openPR Logo
Press release

Intumescent Coatings Market -Global Industry Analysis,Trends and Forecast 2024

Intumescent Coatings Market -Global Industry Analysis,Trends

According to a new report by Transparency Market Research (TMR), the global market for intumescent coatings demonstrates a moderately concentrated competitive landscape. Akzo Nobel N.V., PPG Industries Inc., and Sherwin-Williams Co. are the top three players in this market and collectively, they acquired nearly 45% of the overall market in 2015.

These leading market players are continuously making efforts to maximize their share through the establishment of new manufacturing facilities. Intumescent coatings manufacturers are expected to involve actively in joint ventures and strategic business partnerships in the near future, which is likely to increase the competition in this market, states the research report.

This 217 page report gives readers a comprehensive overview of the Intumescent Coatings market. Browse through 30 data tables and 87 figures to unlock the hidden opportunities in this market@
http://www.transparencymarketresearch.com/intumescent-coatings-market.html

As per the study, the opportunity in this market, which was US$372.9 mn in 2015, is expected to rise at a healthy 7.0% CAGR over the period from 2016 to 2024 and reach US$675.5% mn by the end of the forecast period. Currently, the demand for epoxy-based coatings is higher than others. Researchers anticipate this trend to remain so over the next few years.

Building and Construction Sector to Surface as Leading End User of Intumescent Coatings

The report considers the building and construction, oil and gas, transportation, and the consumer electronics sectors as the main application areas of intumescent coatings. Among these, the demand for intumescent coatings is significantly high in the building and construction sector. As per the analysts, the scenario is likely to remain so over the forecast period. The oil and gas industry is also expected to surface as a prominent application area of these coating in the near future, thanks to the increasing number of off-shore projects across the world.

In terms of the regional presence, the research report segments the worldwide market for intumescent coatings into Europe, North America, the Middle East and Africa, Latin America and Asia Pacific. With a share of more than 40%, Asia Pacific led the global market in 2015. Thanks to the rise in building and construction activities, fueled by the increasing urbanization and industrialization, the demand for intumescent coatings in this region is likely to remain high throughout the forecast period, ensuring the regional market’s lead.

China is likely to emerge as the leading domestic market for intumescent coatings in Asia Pacific in the near future. Apart from China, the demand for these coatings is also expected to increase in the ASEAN region and several other nations, such as India and Japan over the next few years, notes the market study.

Increasing Building and Construction Activities to Fuel Demand

“The growth of the building and construction industry is the key factor behind the substantial rise in the demand for intumescent coatings across the world,” states a research analyst at TMR. The increasing population and the swift rise in urbanization and industrialization are resulting into a high number of construction projects. As consumers are highly concerned about the safety of buildings from fire and excessive heat, building contractors are increasingly adopting these coatings, since they can extend the life of structural steels for a certain time and prevent the building from collapsing.

Get accurate market forecast and analysis on the Intumescent Coatings market. Request a sample to stay abreast on the key trends impacting this market@
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=11711

In addition, the implementation of stringent government regulations on fire safety is likely to boost the global market for intumescent coatings remarkably over the next few years. However, the scarcity of titanium oxide may hamper the market’s growth in the years to come, states the research report.

The study presented here is based on a report by Transparency Market Research (TMR), titled “Intumescent Coatings Market (Resin Type - Acrylic, Epoxy, and Polyurethane; Fire Type - Cellulosic and Hydrocarbon; Technology - Water-based, Solvent-based, and Powder-based; Application - Building & Construction, Oil & Gas, Transportation, and Consumer Electronics) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016-2024.”

The global intumescent coatings market has been segmented as follows:

By Resin Type
Acrylic
Epoxy
Polyurethane
Others

By Fire Type
Cellulosic
Hydrocarbon

By Technology Type
Water based
Solvent Based
Powder Based

By Application Type
Building & Construction
Oil & gas
Transportation
Consumer electronics
Others

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/
Visit : http://depthresearchreport.blogspot.in/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Intumescent Coatings Market -Global Industry Analysis,Trends and Forecast 2024 here

News-ID: 542536 • Views: 316

More Releases from Transparency Market Research

Heat-Shrink Tubing Market Key Drivers, Notable Development and Competitive Analy …
Albany, NY - Global Heat-Shrink Tubing Market: Overview Over a period of time, the packaging industry has extensively focused on the development of packaging solutions that can address the specific need of the users. The reason for looking for these solutions was the reduction of packaging cost and weight of the packaging materials. As a result, the manufacturers adopted heat-shrink tubing as their resort to the challenges. Owing to the benefits
Textile Enzymes Market to Reach US$ 300 Mn by 2026
Albany, NY - According to a recent report by Transparency Market Research (TMR), the global textile enzymes market is foreseen to witness a notable growth in the various part of the world. The global textile enzymes market is estimated to register a steady CAGR of 4.0% within the forecast period from 2018 to 2026. In 2017, the market was valued around worth of US$201.5 mn. Earlier, strong bases, acids, and other oxidizing agents
Cigarette Packaging Market Outlook (2021 - 2031) - Industry Growth Factors, Mark …
Cigarette Packaging Market: An Overview Cigarette packaging refers to packaging of cigarettes in rigid cardboard boxes. Along with that there is also a plastic coating over the cardboard box, which prevents cigarettes from moisture. Overall, the demand for cigarettes is rising due to changes in cigarettes consumption patterns and consumer preferences towards smoking. In today’s market millennial population is driving demand for cigarettes, also it can be called result of urbanization
Cleanroom Packaging Market Opportunities, Future Guidelines, Value Chain Study F …
Cleanroom Packaging Market – An Overview Cleanroom packaging is the specialized production facility used for the manufacturing and packaging of the product. Cleanroom packaging is low germ, low particles contamination and atmosphere controlled manufacturing process which guarantees the safety and pure quality of product. Clean room packaging are made up of polyethylene, polystyrene, polyvinyl chloride and others. Cleanroom packaging requires high initial investment for material and packaging equipment’s, this investment reduce

All 5 Releases


More Releases for Intumescent

Global Intumescent Coating Market Size – Forecasts to 2026
As per the latest report of Global Market Estimates, the Global Intumescent Coating Market will exponentially grow from 2020 to 2026 at 4.3% of CAGR value. Factors propelling its market are strict government regulatory norms and demand for high-performance cost-effective solutions for protection from fire and corrosion from various end-users is triggering its growth. The growing need for protection from fire accidents demand of lightweight material from the aerospace &
Intumescent Coatings Market Poised for Growth 2020-2027
Zion Market Research, A leading market research firm added a research report on "Intumescent Coatings Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2015 - 2021" to its research database. This Intumescent Coatings Market report analyzes the comprehensive overview of the market comprising an executive summary that covers core trends evolving in the market. The Intumescent Coatings market report aims to provide a powerful resource to evaluate the Intumescent
Intumescent Coatings Market Size, Share, Development by 2024
Global Info Research offers a latest published report on Intumescent Coatings Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 102 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Click to view the full report TOC, figure and tables: https://www.globalinforesearch.com/global-intumescent-coatings-market_p108736.html   Intumescent Coatings are coatings that react under the
Intumescent Coatings Market to Register Substantial Expansion by 2024
The global intumescent coatings market has remained moderately concentrated as nearly 45% of its overall share was held by three enterprises in 2015. These companies were Sherwin-Williams Co., PPG Industries Inc., and Nobel N.V., finds Transparency Market Research (TMR) in a new study. These companies, besides other prominent market players are continuously making efforts to expand their regional footprint by establishing new manufacturing units. While expanding operations across emerging nations has
Intumescent Coatings Market: Global Industry Analysis,Trends and Forecast 2024
According to a new report by Transparency Market Research (TMR), the global market for intumescent coatings demonstrates a moderately concentrated competitive landscape. Akzo Nobel N.V., PPG Industries Inc., and Sherwin-Williams Co. are the top three players in this market and collectively, they acquired nearly 45% of the overall market in 2015. These leading market players are continuously making efforts to maximize their share through the establishment of new manufacturing facilities.
Intumescent Coatings Market Size, Share | Industry Trends Analysis Report, 2024
According to a new report by Transparency Market Research (TMR), the global market for intumescent coatings demonstrates a moderately concentrated competitive landscape. Akzo Nobel N.V., PPG Industries Inc., and Sherwin-Williams Co. are the top three players in this market and collectively, they acquired nearly 45% of the overall market in 2015. These leading market players are continuously making efforts to maximize their share through the establishment of new manufacturing facilities.