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The USP of the intumescent coatings market size globally is the flame retardancy in conjunction with the regulatory compliance which are going to have favorable implications in the market within the near term. There is a growing trend of innovation and technology adoption by several market industries as well as companies during the forecasted period. The increasing levels of production are significant especially for oil and gas industry that are bringing expansive, profitable, and fortunate future to the market within the forecast period that would end un 2028.
The intumescent coatings market, however, is going through a lot of changes that can be attributed to more stringent fire protection requirements in various industries. Intumescent coatings are near-fire-retardant substances, which expand when exposed to high heat and create a char that protects surfaces and slows down the spreading of fire. Market dynamics change according to heightened awareness about the fire safety regulations and the need of solid solutions in construction, manufacturing, and transportation sectors. Due to the stricter building codes and the enforcement of safety standards, the use of intumescent coatings is increasingly being seen as an effective passive fire protection solution.
The infrastructure of the market of intumescent coatings is highly affected by the construction industry where these coatings are used on steel and wood structures to increase their fire resistance. The reason of use of intumescent coatings in building designs and renovations is compliance with building codes and fire safety regulations, especially in high-rise buildings, commercial space, and public infrastructure. This feature of intumescent coatings, which makes them suitable for a wide range of substrates, is the reason for their use in most construction projects.
Additionally to this, the oil and gas sector has significant influence on the intumescent coating market activities. Intumescent coatings mainly used to protect structural and equipment steel on offshore and onshore platforms from fires. These coatings are an integral part of the fire protection of locations where flammable materials are present. With the extension of the energy industry and safety being a major factor, the requirement for fire protection materials such as intumescent coatings will still be very high.
Intumescent Coatings Market Highlights:
Global Intumescent Coatings Market Overview
Intumescent Coatings Market Size was valued at USD 0.83 billion in 2023. The intumescent coatings market industry is projected to grow from USD 0.87 Billion in 2024 to USD 1.10 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.04% during the forecast period (2024 - 2032). Increasing awareness, legislation, and attention on safety measures, as well as the increase of wood materials and flooring, are the key market drivers enhancing the
market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Intumescent Coatings Market Trends
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Increased investment is propelling market growth
Rising demand for energy, shale gas, tight gas, and coal bed methane (CBM) as a result of the maturation of the conventional oil & gas resources industry is expected to be a major growth driver for the intumescent coatings market CAGR. Increased investments in the maintenance and repair of oil and gas drilling equipment and platforms are also predicted to fuel demand for intumescent coatings. Furthermore, growing shale gas exploration costs in the United States are expected to drive product demand during the next seven years.
Furthermore, it has a faster drying time, a high build capacity and resistance to moisture, good weather ability, and lowered overcoating intervals. Widespread usage of water-based coatings in construction and infrastructure for cellulosic applications such as paper, wood, and textiles. Water-based intumescent coatings are less expensive and release less chemical odour, which increases demand for the product.
Moreover, high product demand in the oil and gas industry is likely to drive market expansion, owing to stringent regulations and an increase in exploration operations around the world. Furthermore, demand from the construction industry is expected to boost market growth over the projection period. In the oil and gas business, intumescent coatings are used to protect onshore and offshore steel structures against fire at temperatures above 1,100°C. They are also used to protect structural steel from moisture and chemicals, which can cause it to become brittle. These coatings defend against pool and jet fires. Rising energy consumption is expected to fuel the oil and gas industry throughout the projected period, driving demand for intumescent coating market revenue..
Intumescent Coatings Market Segment Insights
Intumescent Coatings Technology Insights
The intumescent coatings market is divided into three main categories: water-based, solvent-based, and epoxy-based. The epoxy-based category dominated the market, accounting for more than 58% of revenue in 2022. Epoxy-based intumescent coatings provide excellent passive fire protection by functioning as an insulation barrier in the event of a fire. When subjected to high temperatures, these coatings form a thick layer of char, which increases insulation in the event of a fire.
Intumescent Coatings Application Insights
The intumescent coatings market segmentation, based on application, includes hydrocarbon and cellulosic. The cellulosic category led the market in 2022, accounting for more than 55% of worldwide revenue. By providing heat resistant layers, cellulosic intumescent coatings are primarily utilized in the construction industry to protect unprotected steel structures and ease escape during fire incidents. The rising demand for intumescent coatings in the construction industry, particularly in industrial and commercial structures, is likely to drive market expansion.
Figure1: Intumescent Coatings Market, by Application, 2022&2032(USD billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Intumescent Coatings End-User Insights
The intumescent coatings market segmentation, based on end-user, includes building & construction, automotive & transportation, oil & gas, aerospace. In 2022, the oil and gas end-use segment dominated the market, accounting for more over 43% of worldwide revenue. Rising investments in exploration activities, deep-water projects, marginal fields, and refining capacity expansion are likely to drive product demand in this segment. Furthermore, rising government attention on adhering to rigorous fire safety laws and increased exploration activities in the industry are likely to boost market expansion over the forecast period.
Intumescent Coatings Regional Insights
By Region, the study provides the market insights into North America, Europe, Asia-Pacific and the Rest of the World. Asia Pacific dominated the intumescent coatings market in 2022, accounting for more than 34% of worldwide revenue. The existence of numerous end customers, accessibility to raw material suppliers, and rising industrialization and urbanization, particularly in India and China, are expected to enhance demand for intumescent coatings in the region.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2: INTUMESCENT COATINGS MARKET SHARE BY REGION 2022 (%) 
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe’s intumescent coatings market accounts for the second-largest market share due to rapidly growing automotive industry and increasing re-construction activities in countries in the region. Further, the German intumescent coatings market held the largest market share, and the UK intumescent coatings market was the fastest-growing market in the European region
The North America Intumescent Coatings Market is expected to grow at the fastest CAGR from 2023 to 2032. This is because of the region's well-established coatings sector and the presence of a large number of key companies in end-use industries such as construction, automotive, aerospace, oil and gas, and so on. Moreover, China’s intumescent coatings market held the largest market share, and the Indian intumescent coatings market was the fastest-growing market in the North American region.
Intumescent Coatings Key Market Players & Competitive Insights
Leading market players are investing heavily in R&D to expand their product lines, which will help the intumescent coatings market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, intumescent coatings industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the intumescent coatings industry to benefit clients and increase the market sector. In recent years, the intumescent coatings industry has offered some of the most significant advantages to medicine. Major players in the intumescent coatings market, including Carboline, Albi Protective Coatings, Isolatek International; Rudolf Hensel GmbH, PPG Industries Inc., 3M, Sika AG, Tor Coatings and others, are attempting to increase market demand by investing in R&D operations.
Akzo Nobel N.V. is a Dutch multinational corporation that manufactures paints and performance coatings for both industry and customers across the world. The corporation, headquartered in Amsterdam, operates in over 150 countries. After Sherwin-Williams and PPG Industries, AkzoNobel is the world's third-largest paint manufacturer by revenue. AkzoNobel has a long history of acquisitions and divestitures. Parts of the existing corporation can be dated back to the 17th century.The establishment of AKZO in 1969, the merger with Nobel Industries in 1994 to form Akzo Nobel, and the divestment of its pharmaceutical business and merging with ICI in 2007/2008 to form current-day AkzoNobel are the landmark mergers and divestments. In May 2019, AkzoNobel has launched a new performance coating facility in Thailand. The plant will produce intumescent coatings, performance coatings, and ornamental paints. The new plant will contribute to the company's expansion.
PPG Industries, Inc. is a Fortune 500 corporation based in the United States that is a supplier of paints, coatings, and speciality materials. PPG is headquartered in Pittsburgh, Pennsylvania, and operates in over 70 countries across the world. It is the world's largest coatings company by revenue, followed by AkzoNobel. It is based in PPG Place, a downtown Pittsburgh office and retail complex notable for its glass exterior designed by Postmodern architect Philip Johnson. Captain John Baptiste Ford and John Pitcairn, Jr. created the Pittsburgh Plate Glass Company in Creighton, Pennsylvania, in 1883. In July 2019, The Crown Group, which provides coating application services, was acquired by PG. PPG has been able to merge coatings manufacturing and application services thanks to the acquisition.
Key Companies in the intumescent coatings market include
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Kansai Paint
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Teknos Group
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3М
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Carboline
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Nullifire
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Sika AG
Intumescent Coatings Industry Developments
In January 2021, Dux Paint and its subsidiary companies, Hawthorne Coating and Hood Products, were acquired by StanChem Polymers. Dux, established in New Jersey, provided industrial protective coating solutions for refinishing, wood, automotive, and direct-to-metal applications. The strategic acquisition sought to strengthen the company's technological skills as well as to expand the fire-retardant and intumescent product category into the larger industrial protective coatings market.
In September 2021, No-Burn Inc and Huntsman Building Solutions established a relationship that will allow Huntsman Building Solutions to provide a variety of No-Burn intumescent coatings to contractor customers in the United States. Customers (contractors) would benefit from simple access to No- Burn's fire protection coating solutions as a result of the partnership.
In September 2021, Huntsman Building Solutions has established a partnership with No-Burn, Incorporated, a proven and trusted fire resistant coatings firm. According to the cooperation agreement, Huntsman Building Solutions is authorized to market No-Burn's intumescent coatings to contractor customers in the United States. The coatings, No-Burn Plus ThB and No-Burn Plus XD, are ideal for use with spray polyurethane foam insulation and are now available for purchase from Huntsman Building Solutions. No-Burn Plus XD is an intumescent coating that is part of an alternate ignition barrier assembly.
Intumescent Coatings Market Segmentation
Intumescent Coatings Market By Technology Outlook
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Water-Based
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Solvent Based
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Epoxy Based
Intumescent Coatings Market By Application Outlook
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Hydrocarbon
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Cellulosic
Intumescent Coatings Market By End-User Outlook
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Building & Construction
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Automotive & Transportation
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Oil & Gas
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Aerospace
Intumescent Coatings Regional Outlook
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
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