Intumescent Coatings Market 2016 Share, Trend and Forecast Intumescent Coatings Market - Global Industry Anal | Page 2

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Asia Pacific to Remain Dominant
Geographically, Asia Pacific leads the global market for intumescent coatings. In
2015, it held more than 40% of the overall market. The increase in construction
activities and the growth in population are considered as the key driving force
behind the progress of the Asia Pacific market for intumescent coatings. China has
emerged as a hub for the intumescent coatings market in this region. Apart from
China, the ASEAN region and several nations, such as India and Japan, are also
reporting a high demand for intumescent coatings. Asia Pacific is expected to retain
its lead in the global intumescent coatings market over the forthcoming years.
Europe acquired the second position in the global market in 2015 and is expected to
remain seated in this position over the next few years. The domestic markets for
intumescent coatings in the U.K., Germany, and France are leading the European
market. Although moderately mature, the demand for intumescent coatings for fire
protection is likely to propel the market in this region. Germany is a massive hub for
intumescent coatings with operating unit, mainly in Berlin.
The building and construction sector is the dominant end user of intumescent
coatings in Europe. The demand for fire protection in the transportation and
consumer electronics industries is anticipated to fuel the demand for intumescent
coatings in Europe over the forthcoming years. The demand for polyurethane-based
technology is estimated to increase in the region due to technological
advancements in the near future.
Akzo Nobel N.V., Jotun, PPG Industries, Sherwin-Williams Co., Albi Manufacturing,
Flame Control Coatings LLC, 3M, OMNOVA Solutions Inc., RPM International Inc.,
Sherwin-Williams Co., Wacker Chemie AG, BASF SE, PPG Industries Inc., Sika AG,
Contego International Inc., and Benjamin Moore & Co. are the prime vendors of
intumescent coatings across the world.
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