openPR Logo
Press release

Intumescent Coatings Market is Projected to Reach US$675.5 mn by the end of 2024.

11-23-2017 09:03 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Intumescent Coatings Market is Projected to Reach US$675.5 mn

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.

View Report Preview:
https://www.transparencymarketresearch.com/intumescent-coatings-market.html

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.

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.

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.

Request to view Sample Report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=11711

This review is based on a TMR report, 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.”

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends 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.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact Us

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: www.transparencymarketresearch.com/

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 is Projected to Reach US$675.5 mn by the end of 2024. here

News-ID: 829883 • Views:

More Releases from Transparency Market Research

Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights for the USD 15.9 Bn Market 2022-2031
Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights f …
The global handheld marijuana vaporizer market has witnessed remarkable growth in recent years, attributed to the increasing acceptance of medicinal marijuana and the demand for convenient and discreet consumption methods. Valued at US$ 5 billion in 2021, the market is projected to surge at a CAGR of 13.4% to reach US$ 15.9 billion by 2031. This article delves into the factors driving this growth, the evolving market landscape, and the
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And Competitors
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And …
The COVID-19 pandemic has precipitated a remarkable surge in the demand for disinfectant products, with a notable emphasis on disinfectant wipes as an essential tool in maintaining hygiene and preventing the spread of pathogens. This research report delves into the multifaceted landscape of the disinfectant wipes market, elucidating key trends, drivers, and innovations shaping the industry. 𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=70359 Key Players and Market Developments Key players
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Study
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Stud …
The global 𝐭𝐢𝐬𝐬𝐮𝐞 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 reached a value of US$ 1,056.4 million in 2017 and is projected to nearly triple to US$ 2,903.3 million by 2026, with a robust Compound Annual Growth Rate (CAGR) of approximately 12.0% from 2018 to 2026. Factors such as increasing awareness about tissue donation, technological advancements, and a growing target patient population are anticipated to propel market growth during this period. Moreover, the market is expected
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
This report by Transparency Market Research, Inc. assesses the present state and future growth potential of the global 𝐯𝐚𝐬𝐜𝐮𝐥𝐚𝐫 𝐜𝐥𝐨𝐬𝐮𝐫𝐞 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭. It features a comprehensive executive summary, offering insights into various segments of the market. Additionally, the report provides detailed analysis and data on product, access type, application, end user, and regional segments within the global market. Vascular closure devices is estimated to reach a value of ~US$ 1 Bn

All 5 Releases


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,