Intumescent Coatings Market Size, Share, Opportunities, And Trends By Type (Thin-Film Intumescent Coating, Thick-Film Intumescent Coating), By Substrate (Structural Steel, Timber, Others), By End-User Industry (Construction, Aerospace, Oil And Gas, Chemical, Others), And By Geography - Forecasts From 2023 To 2028

The Intumescent coatings market is projected to grow at a CAGR of 5.46%over the forecast period. Intumescent Coatings provide passive fire protection as they can withstand temperatures up to 600 degree Celsius and are aesthetically pleasing at the same time. This is significantly boosting the demand for intumescent coating. Stringent government regulations and precautions relating to fire accidents and damages along with the growing need for lightweight materials for the construction and aerospace industry are also augmenting the demand for Intumescent Coatings. However, rising demand for cementitious coating and the fluctuations in the price of intumescent coatings are restraining the growth of the intumescent coatings market.

By end-user industry, the intumescent coatings market is segmented as infrastructure, aerospace, oil and gas, and chemicals among others. The infrastructure industry held a significant market share in 2017 as various governments are pushing for more strict safety regulations, thereby boosting the demand for intumescent coatings for their use in steel beams and other materials used in the construction industry. Since the intumescent coating is a lightweight solution to fire prevention, it is also used in the aerospace industry to prevent vehicles from engine combustion damage. Rising expenditure in the aerospace industry will, thus, boost the demand for intumescent coatings over the forecast period.

By substrate, structural steel holds a substantial market share as intumescent coatings are used for coating steel beams used in the construction industry. Steel beams are especially required to be coated to reduce the risk of a fire hazard. An intumescent coating is also used for wooden objects to prevent them from combusting. With the growing need for wooden furniture and items, the demand for timber substrates will escalate during the forecast period.

By Geography, the Asia-Pacific market might see a substantial rise owing to rising construction expenditure in developing economies such as China and India, propelling the demand for intumescent coating. The Middle East and African region is also expected to grow at a significant rate on account of the high requirement of intumescent coating for construction and industrial use.

Segmentation:

The Intumescent Coatings market has been analyzed through the following segments:

• By Type

• • Thin-Film Intumescent Coating
  • Thick-Film Intumescent Coating

• By Substrate

• • Structural Steel
  • Timber
  • Others

• By End-User Industry

• • Construction
  • Aerospace
  • Oil and Gas
  • Chemical
  • Others

• By Geography

• • North America

• • • USA
    • Canada
    • Mexico
    • Others

• • South America

• • • Brazil
    • Argentina
    • Others

• • Europe

• • • United Kingdom
    • Germany
    • France
    • Italy
    • Others

• • Middle East and Africa

• • • United Arab Emirates
    • Israel
    • Saudi Arabia
    • Others

• • Asia Pacific

• • • China
    • Japan
    • India
    • South Korea
    • Others