Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Intumescent Coatings Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international Intumescent Coatings Market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and global Intumescent
Coatings Market over the short as
well as long period of time. A detailed presentation of forecast, trends, and
dollar values of global Intumescent Coatings Market is offered. In accordance with the report, the global
Intumescent Coatings Market is projected to
expand at a CAGR of 5.17% over the period of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
Fire protection has become a prerequisite for construction in
chemicals, oil and gas industries, where exposure of combustible hydrocarbon
fuels such as methane, liquefied natural gases (LNG), liquefied petroleum gases
(LPG) and oils can cause catastrophe. Typically, these fires, that can reach
temperatures of more than 1,000 degrees Celsius and can cause structural steel
framework to lose load-bearing strength and eventually collapse.
Intumescent coatings can be segmented based on their application
into two types as cellulosic and hydrocarbons. This categorization of
applications is based on the severity of the fire these coatings are expected
to protect against. Cellulosic fires are caused by the burning of carbonaceous
materials such as wood, cloth, paper, etc. These fires have comparatively slow
heat rise and reach up to a peak of 950 degrees Celsius. Whereas, the
hydrocarbon based fires are caused by the burning of hydrocarbon fuels and
gases such as methane, petroleum, oil, etc. These fires heat up quickly to the
peak of more than a 1,000 degrees Celsius. Hydrocarbon fires can cause structural
damage to the building materials as strong as steel and might further cause the
breakout of ‘jet fire’. Jet fires are the result of breakout of pressurized
combustible fuels and gases. The heat rise is explosive in such fires and is
difficult to contain.
Hydrocarbon segment for intumescent coatings is a global market,
while the cellulose segment is regional in nature because of lack of common
standards across the regions. Traditionally, cementitious materials with light
weight were being employed in the passive fire protection systems. The market
is currently shifting towards intumescent coatings due to recent mishaps in
onshore oil & gas drilling platforms in North America. In tumescent
coatings are priced relatively higher than the substitutes but offer better
performance in terms of passive fire protection for longer periods.
Regulatory pressure and rising general awareness about the benefits
of passive fire protection systems is estimated to drive the market for
intumescent coatings. Additionally, aesthetic appeal and durability advantage
is expected to drive sales for intumescent coatings. Research activities to
develop multi-functional intumescent coatings with additional features such as
biocidal coating, cool roof and self-cleaning properties are seen as potential
prospects for increasing demand in the future. However, high price might hamper
the market growth especially in price sensitive regions of Asia Pacific, Africa
and Latin America.
North America and Western Europe are likely to be the leading
markets supported by strict regulations regarding the building materials
employed. Lack of standard regulations in Asia Pacific and Rest of the World
are causing selling of lower quality materials in these regions.
The market consists of few global organized players and a large
number of unorganized coatings solutions providers. Complex regulations in
different regions especially related to cellulosic intumescent coatings are
posing difficulties for global organized players to compete profitably in such
regions. They are facing strong completion from local coating solutions
providers who offer aggressive pricing, which is lower than the raw material
prices of standard materials. This implies that the materials utilized are of
inferior quality. However, initiatives are being taken to adopt international
codes and standards, such as the Euro code, by regulatory authorities worldwide
to ensure best practices in the industry.
Segment Covered:
This market
intelligence report on the global Intumescent Coatings Market encompasses market segments based on technology type,
application and end use industry and country.
In terms of technology type, the global Intumescent Coatings Market is segregated
into:
·
Water-based
·
Solvent Based
·
Epoxy Based
By application, the global Intumescent Coatings Market is also
classified into:
·
Hydrocarbons
·
Cellulosic
By end use industry, the global Intumescent Coatings Market is also
classified into:
·
·
Oil & Gas
·
Automotive
·
Construction
·
Others
By country/region, the global Intumescent Coatings Market has been divided
into:
·
North America
(the U.S., Canada)
·
Latin America
(Brazil, Mexico, Argentina and other countries)
·
Europe (Germany,
France, the U.K., Spain, Italy, Russia, and other countries)
·
Asia Pacific
(India, Japan, China, Australia and New Zealand and other countries)
·
Middle East and
Africa (GCC, South Africa, Israel and Other countries)
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as
·
Jotun Group
·
AkzoNobel
·
Contego
International Inc.
·
Hempel Marine
Paints
·
Null Fire
·
No-Burn Inc.
·
Sherwin-Williams
Company
·
Albi
Manufacturing
·
Carboline
·
Leighs Paints
·
Isolatek
International
·
Rudolf Hensel
GmbH
·
Flame Control
Coatings, LLC.
·
Bollom Fire
Protection
·
Firetherm
·
Crown Paints
Limited.
·
3M Company
·
PPG Industries
Others players have
been profiled into detail so as to offer a glimpse of the market leaders.
Moreover, parameters such as Intumescent Coatings Market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2017-2027. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Intumescent
Coatings Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2019 – 2027, taking into account 2018 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Intumescent Coatings Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
Leading
market players covered this report comprise names such as Jotun,Akzonobel,3M among
others
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Intumescent Coatings Market caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Intumescent
Coatings Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the Intumescent Coatings Market
v
Identification
of key factors driving investment opportunities in the Intumescent
Coatings Market
v
Facilitate decision-making
based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants