Intumescent Coatings Market
REPORT DESCRIPTION
Intumescent Coatings Market (Resin Type - Acrylic, Epoxy, and
Polyurethane; Fire Type - Cellulosic and Hydrocarbon; Technology -
Water-based, Solvent-based, and Powder-based; Application -
Building & Construction, Oil & Gas, Transportation, and Consumer
Electronics) - Global Industry Analysis, Size, Share, Growth, Trends,
and Forecast 2016 - 2024
According to a new report by Transparency Market Research (TMR), the global market for
intumescent coatings demonstrates a moderately concentrated competitive landscape. Akzo Nobel
N.V., PPG Industries Inc., and Sherwin-Williams Co. are the top three players in this market and
collectively, they acquired nearly 45% of the overall market in 2015.
These leading market players are continuously making efforts to maximize their share through the
establishment of new manufacturing facilities. Intumescent coatings manufacturers are expected to
involve actively in joint ventures and strategic business partnerships in the near future, which is likely
to increase the competition in this market, states the research report.
As per the study, the opportunity in this market, which was US$372.9 mn in 2015, is expected to rise
at a healthy 7.0% CAGR over the period from 2016 to 2024 and reach US$675.5% mn by the end of
the forecast period. Currently, the demand for epoxy-based coatings is higher than others.
Researchers anticipate this trend to remain so over the next few years.
Browse Market Research Report @
http://www.transparencymarketresearch.com/intumescent-coatings-market.html
Building and Construction Sector to Surface as Leading End User of Intumescent Coatings
The report considers the building and construction, oil and gas, transportation, and the consumer
electronics sectors as the main application areas of intumescent coatings. Among these, the demand
for intumescent coatings is significantly high in the building and construction sector. As per the
analysts, the scenario is likely to remain so over the forecast period. The oil and gas industry is also
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Transparency Market Research