Global Intumescent Coatings Market 2017-2021 

Overview of the global intumescent coatings market

Technological advancements such as the emergence of hydraulic fracturing technique is driving the production of shale gas. This in turn, creates a significant growth opportunity for industries that use shale gas including oil and gas and power. Shale gas is highly preferred in several end-user segments since it emits less amount of carbon. Shale gas reserves are present across the world and is highly produced in countries such as China, Canada, and the US. Our research analysis on the global intumescent coatings market identifies that the increase in shale gas exploration activities will be one of the major factors that will have a positive impact on the growth of the market. Shale gas exploration activities at production sites involve hydraulic fracturing techniques, which can result in fire break. This will drive the need for intumescent coating or fire retardant paints to prevent hazardous conditions. Technavio’s market research analysts predict that this market will grow at a CAGR of close to 5% by 2021.

China is witnessing a considerable rise in commercial infrastructure, industrial buildings, and road and railway networks. Also, the oil and gas industry in APAC is growing due to the rising demand for energy and petrochemicals. Countries such as India, Malaysia, Indonesia, China, South Korea and Japan are experiencing an increase in the offshore drilling activities. Such factors will consequently result in an increase in demand for intumescent paint coatings in APAC. For instance, the Bison, Iguana, and Gajah Puteri (BIGP) project in Indonesia involve the development of three oil and gas fields in Iguana, Bison, and Gajah Puteri regions.

Competitive landscape and key vendors

The intumescent coatings market is characterized by the presence of both international and local vendors. The consumption of fireproofing spray such as intumescent coatings at competitive prices has increased due to the presence of many regional vendors. The vendors in the intumescent fireproofing market are increasingly competing against each other based on factors such as the cost of production, innovation in products, price, operational cost, research and development cost, and product quality.

Key vendors in this market are -

• Akzo Nobel
• Contego International
• Hempel
• Jotun
• RPM International
• The Sherwin-Williams Company

Other prominent vendors in the market include BASF, Bollom, Clariant, Flame Control Coatings, Isolatek International, 3M, No-Burn, OMNOVA Solutions, PPG Industries, Rudolf Hensel, StanChem, Sika, and Wacker Chemie.

Segmentation by applications and analysis of the intumescent coatings market

• Cellulosic
• Hydrocarbons

Cellulosic passive fire protection intumescent coatings are widely used in construction and infrastructure projects to protect the infrastructure from cellulosic fires, which can reach a temperature of 1742°F. These cellulosic intumescent coatings are also known as ‘thin film’ intumescent coatings and when these fireproof paints are exposed to fire, they swell up to approximately 1mm.

Segmentation by end-users and analysis of the intumescent coatings market

• Oil and gas
• Construction

The oil and gas industry highly requires intumescent fireproofing coatings because they are exposed to high-temperature during horizontal drilling and refining. This drives the adoption of intumescent coatings in this industry to protect steel and metal construction actvities. They are also used in offshore and onshore applications and petroleum processing facilities to protect the steel structures from combustion during the combustion of hydrocarbon fuels such as methane, oil, liquefied petroleum gas (LPG), and liquified natural gas (LNG).

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global intumescent coatings market?
• What are the key market trends impacting the growth of the global intumescent coatings market?
• What are the challenges to market growth?
• Who are the key vendors in the global intumescent coatings market?
• What are the market opportunities and threats faced by the vendors in the global intumescent coatings market?
• What are the trending factors influencing the market shares of APAC, Europe, North America and ROW?
• What are the key outcomes of the five forces analysis of the global intumescent coatings market?

Technavio also offers customization on reports based on specific client requirement.