Intumescent Coatings Market
expected to surface as a prominent application area of these coating in the near future, thanks to the
increasing number of off-shore projects across the world.
In terms of the regional presence, the research report segments the worldwide market for
intumescent coatings into Europe, North America, the Middle East and Africa, Latin America and Asia
Pacific. With a share of more than 40%, Asia Pacific led the global market in 2015. Thanks to the rise
in building and construction activities, fueled by the increasing urbanization and industrialization, the
demand for intumescent coatings in this region is likely to remain high throughout the forecast period,
ensuring the regional market’s lead.
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China is likely to emerge as the leading domestic market for intumescent coatings in Asia Pacific in
the near future. Apart from China, the demand for these coatings is also expected to increase in the
ASEAN region and several other nations, such as India and Japan over the next few years, notes the
market study.
Increasing Building and Construction Activities to Fuel Demand
“The growth of the building and construction industry is the key factor behind the substantial rise in
the demand for intumescent coatings across the world,” states a research analyst at TMR. The
increasing population and the swift rise in urbanization and industrialization are resulting into a high
number of construction projects. As consumers are highly concerned about the safety of buildings
from fire and excessive heat, building contractors are increasingly adopting these coatings, since they
can extend the life of structural steels for a certain time and prevent the building from collapsing.
In addition, the implementation of stringent government regulations on fire safety is likely to boost th