Intumescent coatings for structural steel are the accurate way to protect buildings as it is tested by both laboratories and national & international standards in independent testing houses all over the world.According to Goldstein Research, global intumescent coatings market is expected to reach USD 1.16 billion by 2024, growing at a CAGR of 5.76%. Coil coating properties and passive fire components in oil and gas industry is majorly driving the growth of the market. Global intumescent coatings market segmentation has been done on the basis of technology, application, end-use industry, and geography. Application of intumescent coatings is majorly in the oil and gas industry, thus having the majority share of the global intumescent coatings market. It is closely followed by construction and automobile in the application of intumescent coatings. Global intumescent coatings market is largely dominated by Asia-Pacific region with 40% market share. One major trend is the adoption of coating and drying technologies in the coil coating market to make coating process economical, effective and forward looking. New drying technologies involve curing solvent-free paints with the aid of UV radiation and electron beam.
The high economic growth rate and heavy investments in the major industries have opened the gates for the growth of the market. North America closely follows APAC market share on the back of developed pharmaceutical industry and construction industry.
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On the basis of our in-depth analysis, Global Intumescent Coatings Market can be segmented as follows:
• Water Based
• Solvent Based
• Epoxy Based
By End-Use Industry
• Oil & Gas
• North America Intumescent Coatings Market Analysis, 2016-2024
• Global Intumescent Coatings Market Analysis, 2016-2024
• Middle East And Africa Intumescent Coatings Market Analysis, 2016-2024
• Latin America Intumescent Coatings Market Analysis, 2016-2024
• Asia Pacific Intumescent Coatings Market Analysis, 2016-2024
• Rest Of The World Intumescent Coatings Market Analysis, 2016-2024
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“Global Intumescent Coatings Market Outlook 2024” includes a comprehensive overview of the global intumescent coatings market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by technology, application, end-use industry and geography.
The Global Intumescent Coatings Market Report highlights the competitive outlook of major global players that includes the business strategies, product portfolio, revenue distribution, financial analysis, R&D activities, and investments. The comprehensive analysis of the intumescent coatings market report is drafted as per the clients to help them in assessing their business strategies in the competitive environment.
Major players of the global intumescent coatings market analyzed in the report are: AkzoNobel, Jotun Group, Contego International Inc., Hempel Marine Paints, No-Burn Inc., Null Fire, Sherwin-Williams, Carboline, Albi Manufacturing, Leighs Paints, Isolatek International, Flame Control Coatings, LLC, Rudolf Hensel GmbH, Firetherm, Bollom Fire Protection, Crown Paints Limited, PPG Industries, 3M,etc.
Further, Global Intumescent Coatings Market Report encompasses the key factors driving the growth of the market, opportunities in the market and the factors posing threats & challenges to the market. The Intumescent Coatings Market Outlook also comprises the market dynamics, risk analysis, SWOT analysis, USP analysis, BPS Analysis & market attractiveness. Report further also includes the expert analysis and remarks showcasing the complete overview of the market based on intensive analysis of political, economic, social, technological, environmental & legal factors of each region in the market.
Intumescent Coating market is bolstering on the basis of advancement in following markets:
Global Steel Pipes Market:
Steel pipes are cylindrical tube made from steel and it is one of the major applications of steel industry. Demand for equipment used in midstream oil and gas applications, had impacted steel pipes market stimulated by rising energy consumption. Like other commodities, steel prices also have tendency to fluctuate as per the economic conditions, which has immediate impact on global steel pipes market, such surging oil market, and European Brexit issue. European steel market declined in 2016 which revived in 2017, witnessing the mergers and acquisition proposals.
High strength steel Market:
For reducing automotive weight and going economic and ecological to cut CO2 is the chief driving factor in the growth of global HSS market. According to Goldstein Research, global high strength steel market is expected to reach USD 24.3 billion by 2024, growing at a CAGR of 7.9%.