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Intumescent coating expands in the presence of heat, subsequently increasing the time before the substrate starts to combust or melt. The swelling of the coating results in an increase in volume and decrease in density, effectively acting as a flame retardant. Hence it is typically used for fire protection. Intumescent coatings are usually applied to substrates such as steel, wood, and iron. The coating for steel application must be approved in standardized fire tests, which are compiled by the international standardization bodies. The regulations on fire & safety implemented by government bodies is expected to grow the demand for intumescent coating.
The key market driver for the global intumescent coating market is the increasing awareness and regulations regarding fire safety. The implementation of various regulations, codes, and fire safety standards by various governments is expected to act as the market driver for the intumescent coatings market.
Key Market Driver -
Increasing awareness, and regulations regarding fire safety
Key Market Restraint -
High cost of intumescent coatings
Key market restraint for the global intumescent coating market is the high cost of intumescent coatings. Due to the high cost of intumescent coatings, people prefer low cost fire protection techniques. Low cost methods such as cementitious coatings are used which are not as reliable and efficient as intumescent coatings.
By Type, the market is segmented into thin-film, and thick-film. By end-use industry, the market is segmented into aerospace, oil & gas, building & construction, and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Some of the notable companies in global intumescent coating market are PPG, Jotun, AkzoNobel, Nippon Paint, Carboline, Alibi Protective Coating, Flame Control Coatings, Isolatek, Sherwin-Williams, Sika, Contengo International Inc., GCP Applied Technologies Inc., Demilec U.S.A. Inc., and other key players.
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The global intumescent market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to hold the largest share of the market owing to the rapid industrialization and construction activities. Developing countries such as China, India, and Indonesia are the major contributors to the growth of the intumescent coating market in this region. In North America and Europe, the growth in intumescent coating market is primarily due to the regulations imposed by the government on fire safety. Latin America is anticipated to witness growth in the intumescent coating market owing to the growing construction activities in the region. The Middle East & Africa is expected to observe growth in the market due to the increasing oil & gas exploration activities.
By End-use Industry
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