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Intumescent Coatings Market Share,Size, Application,Growth,
Research and Forecasts to 2024 | Hexa Research
“ Intumescent Coatings Market To Exhibit Growth At 4.6% CAGR Till 2024”
30 November 2018
Intumescent coatings have the capability to protect materials from fire and its resulting damage. These
coatings, when exposed to fire produce a separate layer called ‘char’ to protect the material by cutting off
the oxygen. Its applications include fire-stopping pillows, window casings, and gasketing.
The intumescent coatings market is poised to grow due to demand from various industries. It is estimated
to exhibit a 4.6% CAGR over the forecast period (2016-2024). A common regulatory standard is an
effective barrier against market players attempting to invest in other regions.
The global market is segmented according to raw material, end-users, and regions. Raw materials
dependent on producing these coatings are hydrocarbon or cellulosic based. The former have large market
shares, while the latter will exhibit a high growth rate due to its application across marine, automotive, and
construction industries. Hydrocarbon coatings have significant returns in terms of revenue due to their
increased use in oil & gas sector.
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End-users entail automotive, construction, and oil & gas sectors. Oil & gas led the intumescent
coatings market due to the exploration & production activities of shale gas and other fossil fuels.
Construction sector will see an upsurge due to the increase in infrastructure projects in South America
and Asia Pacific. Car safety laws are likely to augment market demand in the automotive sector in the
next seven years.
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