The global intumescent coatings market size was USD 985.2 Million in 2020 and is expected to reach a value of USD 1,334.5 Million by 2028, and register a CAGR of 3.80% during the forecast period. Increasing construction activities on a global scale, and growing awareness regarding key benefit of intumescent coatings as aesthetically pleasing fireproofing coating are major factors expected to drive adoption of these coating, thereby, driving growth of the global market.

Increasing adoption of coatings and drying technologies in coil coating process to make it effective, economical, and forward-looking is another key factor boosting growth of the global market. New drying technologies involve curing solvent-free paints with help of UV radiation and electron beams, which also aids in reducing burden on energy resources. In oil and gas industry, intumescent coatings are used to offer fire protection to structural Steel, onshore and offshore, at extremely high temperatures of 1100°C and above. In addition, these coatings protect steel structures from chemical exposures and moisture, which makes steel structures brittle. Increasing demand for oil and gas leading to growing number of oil and gas activities, and technological innovations in the industry is expected to have a positive impact on revenue growth of the global market.

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Different businesses in the chemicals and materials industries differ in size, geography, business style, and end-market focus. These businesses are part of a larger ecosystem that includes oil, gas, coal, minerals, and bio-based products as raw materials on one hand and a wide range of application industries on the other. It is traditional to divide the chemical industry into three major categories: petrochemicals, diversified manufacturers, and specialized industries.

While the wider patterns discussed in the previous section apply to the entire sector, the complexities of the distinctions among the various players indicate the need to analyze trends by segment of the industry. As part of its multiverse series, Deloitte classified chemical sector stakeholders into three groups: natural owners, distinctive commodities, and solution providers. Each of these groups usually has its own strategic imperatives. It is common for vertically integrated natural owners to prioritize continuous improvement over innovation when operating their businesses. By focusing on supply chain efficiency, market innovation, and cost optimization, differentiated commodities flourish in a highly fragmented and complex industry. This is exactly what solution providers do: they focus on maximizing the value of their unique products as well as their application expertise and services.

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Moreover, the report provides insight into how the Intumescent Coatings market will develop between 2023 and 2028. Companies operating in the Intumescent Coatings market can benefit from the in-depth dynamics presented in the report, thereby making strategic development decisions that will help them succeed. During the forecast period, the Intumescent Coatings market is expected to undergo significant changes that will highly configure its growth.

Furthermore, the report highlights the growth prospects of the Intumescent Coatings market and estimates market progress in terms of value (USD million) and volume (thousand units).

Major Players:

Akzonobel, The Sherwin-Williams Company, Promat International, Teknos Group, BASF SE, Contego International, Inc., GCP Applied Technologies Inc., Bollom Fire Protection, Arabian Vermiculite Industries, and SKK Pte Ltd.

Segments Covered in the Report:

By Technology Type Outlook

• Water-Based
• Solvent-Based
• Epoxy-Based

By Substrate Outlook

• Structural Steel & Cast Iron
• Wood
• Others

By Application Outlook

• Hydrocarbons
• Cellulosic

By End-Use Industry Outlook

• Building and Construction
• Industrial
• Aerospace
• Oil and Gas
• Automotive
• Others

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Key Questions Answered in This report on the Intumescent Coatings Market

The report provides detailed information about the Intumescent Coatings market on the basis of comprehensive research on various factors that play a key role in accelerating the growth potential of the market. The information mentioned in the report answers path-breaking questions for companies that are currently functioning in the market and are looking for innovative ways to create a unique benchmark in the Intumescent Coatings market, so as to help them formulate successful strategies and take target-driven decisions.

• How are key market players successfully earning revenue from the advantages of the product?
• What will be the Y-o-Y growth of the Intumescent Coatings market between 2023 and 2028?
• What are the winning imperatives of market frontrunners in the Intumescent Coatings market?
• Which end-user is expected to undertake maximum adoption of the product during the forecast period?

Research Methodology: Intumescent Coatings Market

The research methodology adopted by analysts to compile the Intumescent Coatings market report is based on detailed primary as well as secondary research. With the help of in-depth insights of industry-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts of the Intumescent Coatings market.

During the primary research phase, analysts interviewed industry stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. On the basis of data obtained through interviews with genuine resources, analysts have emphasized the changing scenario of the Intumescent Coatings market.

For secondary research, analysts scrutinized numerous annual report publications, white papers, import and export data of major countries around the world, industrial production index, industry association publications, and company websites to obtain the necessary understanding of the Intumescent Coatings market.

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