Intumescent Coatings Market Demand for Improved Fire Safety to Fuel Growth By 2024
While expanding operations across emerging nations has become a mainstay strategy, they are also exploring opportunities via strategic collaborations and joint ventures. However, such persisting efforts to gain edge over rivals has made the prevailing competition in the global intumescent coatings market even fiercer.
Browse Market Research Report @ http://www.transparencymarketresearch.com/intumescent-coatings-market.html
The strategies adopted by the players have a profound impact on the overall intumescent coatings market, which according to TMR will exhibit a CAGR of 7.0% between 2016 and 2024. At this pace, the market is expected to reach US$675.6 mn by the end of 2024, from its valuation of US$372.9 mn in 2015.
Among the segments in terms of application, the building and construction sector has exhibited the highest demand for intumescent coatings. While the segment will remain at the market’s fore through the forecast period, the oil and gas industry will emerge as a key consumer during this time as well. Regionally, Asia Pacific emerged dominant with a share of 40% in the global intumescent coatings market in 2015. Against the backdrop of rising construction activities across emerging nations, the demand for intumescent coatings will continue pacing up through the forecast period in 2015. China will leading the intumescent coatings market in Asia Pacific. Besides this, the market is likely to witness lucrative opportunities in Japan and India over the forthcoming years.
Fill the form for an exclusive sample of this report @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=11711
Expansion in Building and Construction Industry Fuels Demand for Intumescent Coatings
The global intumescent coatings market is chiefly driven by the expansion of the building and construction industry worldwide. Besides this, the soaring population and urbanization witnessed especially in developing nations have enabled the market exhibit strong growth over the last few years. Safety of buildings from unforeseen hazards such as fire and excessive heat is the chief concern among consumers. Capitalizing on this, contractors are adopting intumescent coatings, since they foster greater strength and stretch the longevity of structural steel, thereby preventing the building from collapsing. In addition, implementation of stringent norms by government intended at improving fire safety across buildings will act as a key market driver.
Scarcity in Supply of Raw Materials to Emerge as Key Restraint
On the downside, the scarcity of titanium oxide will pose threat to the market. Also bottlenecks in supply dynamics of raw materials will emerge as a key hindrance in the coming years. Nevertheless the rising application in steel, chemical, and petrochemical sector will give impetus to the market in the near future. Intumescent coatings offer excellent fireproofing, which is why their demand in business operations that are exposed to elevated temperature is considerably high. On the back of these factors, the global intumescent coatings market will continue exhibiting a positive trajectory through the report’s forecast period.
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 insights for 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, TMR 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
USA - Canada Toll Free: 866-552-3453
Visit Blog: http://marketresearchreports2017.blogspot.in
This release was published on openPR.
Permanent link to this press release:
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 Demand for Improved Fire Safety to Fuel Growth By 2024 here
News-ID: 629186 • Views: 1041
More Releases from TMR – Research Reports
Power Line Communication Market to Present Highly Lucrative Opportunities for Ma …
Power Line Communication (PLC) is an emerging communication technology which enables data exchange over existing power cables. It uses power grids to communicate between two end-points. PLC technology allow users to control or retrieve data in a half-duplex manner. Furthermore, in this communication method, sender modulates the data, and injects in power cables which can be retrieved by de-modulation at the receiving end. PLC technology is widely used for home
Wood Coatings Market - Roof coatings to Register High Demand | 2025
The global wood coatings market is choc-o-bloc with players and this has served to intensify the competition over the years. Product differentiation is a key tool leveraged by players to steal a march over their competitors. Key factors promoting growth in the market are the soaring construction activities across the globe and the increasing spending capacity of people which has stoked sales of furniture. Another factor catalyzing growth in the global
Welding Materials Market - Thriving Growth In Industrial Application Segments By …
The global welding materials market is growing on account of the thriving growth of application segments such as transportation, building and construction, marine, and automobiles. The growing urbanization in developing nations will drive the growth of this market. The increasing infrastructure development in Asia Pacific will also fuel the growth of the welding materials market. The technological advancements in the automobile industry will also aid the growth of this market.
Rheology Modifiers Market: Paints and Coatings Surges Demand with Need to Change …
The global rheology modifiers market has been predicted in a market intelligence publication penned by Transparency Market Research (TMR) to hold a significantly fragmented nature. Across major regional markets, industry players could encounter a heavy opposition from other players during the course of the forecast period 2016 - 2024. This has been anticipated to be on account of a high degree of competition in the market. The cost of switching
More Releases for Intumescent
Intumescent Coating Market Dynamics, Global Size, Share, Revenue and Forecast by …
Global Intumescent Coating Market Report provides a detailed industry overview along with the analysis of Cost Structure, Supply Chain, Development Techniques, Retailers Analysis, Financial Support, business Strategies, Marketing Channels. Global INTUMESCENT COATING Market research report provides a point-by-point In-Depth analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, the impact of domestic and global market players, value chain optimization, trade
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
Top 3 trends favoring intumescent coatings market growth
Growing utilization of intumescent coatings for fire proofing purpose in building construction is likely to drive global intumescent coatings market growth. The industry is deriving much of its growth from the construction sector, which is showcasing noteworthy expansion. The overall construction expenditure across the globe is projected to surpass 13 trillion by 2024. Rise in infrastructure refurbishment activity on a global scale may also fuel product demand over the coming
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
Cable Coating Market Report 2018: Segmentation by Product (Intumescent Cable Coa …
Global Cable Coating market research report provides company profile for STI Marine, Pyro-Cote, Hy-Tech, Ameetuff Technical Paints Industries, Fire Security, Flame Control, BASF, Emerson, Metacaulk, Hilti and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025,