Intumescent Coatings Market Size to Climb to USD 2.4 billion by 2034 with a 7.4% CAGR, Supported by Steel Fabrication Fireproofing Demand | States Transparency Market Research, Inc.
As fire safety awareness grows and regulations tighten, demand for intumescent coatings will increase.
Wilmington, Delaware, United States, Transparency Market Research, Inc., Oct. 03, 2024 (GLOBE NEWSWIRE) — According to industry estimates, the global market for intumescent coatings was worth US$ 1.1 billion by 2023. A CAGR of 7.4% is projected from 2024 to 2034, reaching
Global Intumescent Coatings Market: Regional Landscape
- The intumescent coatings market (Markt für intumeszierende Beschichtungen) will likely lead the market in the coming years. A number of Asia-Pacific nations are implementing stricter fire safety requirements and improving their building safety laws. The development of intumescent coatings as an essential part of passive fire protection measures is fueled by government initiatives to increase fire safety in buildings and infrastructure projects.
- Building projects are placing more focus on using fire-resistant materials and systems as a result of growing consumer, company, and government awareness of the value of fire safety. The Asia Pacific region’s need for intumescent coatings has increased as a result of this awareness in a number of end-use sectors.
- Significant developments in coating formulas and technology are occurring in Asia Pacific. The region’s manufacturers are devoting resources to research and development in order to create high-performance, more efficient intumescent coatings that are customized to satisfy the unique needs of regional markets. The use of intumescent coatings is being driven by these technological advancements in a variety of industries.
- Sustainable and green building approaches are being used by the Asia Pacific region more and more in an effort to address energy efficiency and environmental issues. As part of sustainable construction activities, intumescent coatings with low volatile organic content, eco-friendly formulas, and compliance with green building regulations are becoming more and more in demand in the region.
Global Intumescent Coatings Market: Competitive Landscape
As a bio-based green filter, adenosine triphosphate (ATP) is being researched by companies operating in the global intumescent coatings market.
Key Players Profiled
- Akzo Nobel N.V.
- Albi Protective Coatings
- Jotun
- Flame Control Coatings LLC
- 3M
- OMNOVA Solutions Inc.
- RPM International Inc.
- Sherwin-Williams
- Wacker Chemie AG
- BASF SE
- PPG Industries Inc.
- Sika AG
- Contego International
- Benjamin Moore & Co.
Key Developments
- In July 2023, Jotun, a leading manufacturer of intumescent fire protection coatings for the infrastructure and energy sectors, completed the expansion of its global intumescent research and development laboratory to advance new products and technology.
- In March 2024, Sherwin-Williams Protective & Marine will introduce their new intumescent thin-film fire protection coating, FIRETEX FX7002, for commercial construction. In addition to protecting structural steel substrates, this solvent-based coating is ideal for on-site applications.
Global Intumescent Coatings Market: Segmentation
Resin
- Acrylic
- Epoxy
- Polyurethane
- Others
Fire Type
- Cellulosic
- Hydrocarbon
Technology
- Water-based
- Solvent-based
- Powder-based
Application
- Building & Construction
- Oil & Gas
- Transportation
- Consumer Electronics
- Others
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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