Intumescent Coatings Market Size, Share | Report 2022-2030
The global intumescent coatings market was surpassed at USD 1144.58 million in 2021 and is expected to hit around USD 1.75303 billion by 2030, growing at a CAGR of 4.85% from 2022 to 2030.
Report Highlights
The demand for intumescent coatings is expected to be driven by the rising consumption by the rapidly developing construction industry. The demand is also expected to be driven by the stringent regulations pertaining to fire safety, mandated by the regulatory bodies across the globe.
The success of shale gas in the U.S has led to rapid development of the application market in North America. In addition, rising demand oil as fuel is expected to propel the growth of oil & gas industry in Asia Pacific. Increasing explorations in shale gas coupled with the rise of the oil & gas industry is expected to augment demand for intumescent coatings by 2025.
The demand for intumescent coatings is expected to be driven by the growing use by the automotive industry. The demand is expected to be driven by the use of the product in automotive engines as a passive fire protection. Furthermore, rising demand for automobiles, primarily in Asia Pacific and Central & South America due to increased spending is expected to benefit the market growth.
Asia Pacific accounted for the major consumption share to increasing investments, particularly in the aerospace segment. Furthermore, infrastructure developments planned over the next few years by various governments particularly in aerospace and marine segment are expected to propel demand for intumescent coatings over the forecast period.
The demand for intumescent coatings in Europe is expected to be driven by the presence of stringent regulations pertaining to safety against fires in commercial, industrial, and residential buildings. In addition, the presence of committees and alliances such as Fire Safe Europe (FSEU) aimed at improvement of the safety standards is expected to drive the market growth.
The market in Germany is expected to grow on account of the initiatives undertaken by the manufacturers to increase the durability of the water-based coatings. In addition, rising demand for advanced coatings such as self-cleaning and biocidal coatings is expected to benefit the market.
Water-based intumescent coatings were commercially made available in 1990 and have registered high growth owing to various benefits over solvent-based intumescent coatings. These coatings provide fire ratings in between 30 minutes to three hours with some formulations lasting for over four hours. Water-based coatings are ideal for internal applications owing to the absence of VOC.
The market exhibits a high level of forward integration by companies across the value chain owing to decrease overall cost and subsequently increase profit margins. Carboline has lost market share over the last few years owing to significant growth by various competitors. Hempel accounted for the highest growth in the market on account of rapid acquisitions.
Scope of The Report
| Report Coverage | Details |
| Market Size in 2021 | USD 1144.58 million |
| Revenue Forecast by 2030 | USD 1.75303 billion |
| Growth rate from 2022 to 2030 | CAGR of 4.85% |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segmentation | Technology, application, end-user, region |
| Companies Covered |
Akzo Nobel N.V., Jotun, Contego International Inc., Hempel A/S, No-Burn Inc., Nullifire, The Sherwin-Williams Company, Carboline, Albi Protective Coatings, Isolatek International, Flame Control Coatings Rudolf Hensel GmbH, PPG Industries, Inc., 3M, Sika AG, Tor Coatings |
Technology Insights
Epoxy-based technology segment led the market and accounted for more than 61.03% share of the global revenue in 2021. Epoxy-based intumescent coatings exhibit superior passive fire protection by providing an insulation barrier in the event of a fire. These coatings are inert at room temperature but when subjected to elevated temperature, they develop a thick layer of char, which improves the level of insulation in the event of a fire.
Solvent-based intumescent coatings are primarily employed in offshore oil & gas applications in low heat and high humidity areas. They can be applied to large surface areas with high thickness compared to water-based coatings. Furthermore, solvent-based intumescent coatings are used to achieve decorative finishes over complex shapes and exhibit improved adhesion along with high water resistance. However, high cost coupled with high VOC content is expected to have a negative impact on the solvent-based intumescent coating segment growth.
Application Insights
Cellulosic application segment led the market and accounted for more than 53.1% share of the global revenue in 2021. Cellulosic intumescent coatings are majorly used in construction industry to protect the uncovered steel structures and facilitate escaping at the time of fire accidents by providing heat resistant layers. The growing demand for intumescent coatings in construction industry, particularly in industrial and commercial buildings, is expected to propel the market growth.
Furthermore, rising pressure from various health and safety organizations regarding human safety in workplace is expected to promote segment growth during the forecast period. Growing industrialization coupled with rising infrastructure development activities, particularly in Asia Pacific and Middle East region is anticipated to augment the market growth throughout the forecast period. In addition, stringent norms for fire protection in buildings laid down by regulatory bodies are expected to boost the demand for cellulosic intumescent coatings during the forecast period.
End-user Insights
Oil & gas end-use segment led the market and accounted for more than 44.2% share of the global revenue in 2021. Rising investments in exploration activities, deep-water projects, marginal fields, and refining capacity expansion are expected to propel the product demand in this segment. In addition, growing government emphasis to conform to stringent fire safety regulations and rising exploration activities in the industry are expected to propel the market growth during the forecast period.
Increasing utilization of gas in energy mix and growing shale gas production are expected to fuel the growth of oil & gas industry over the forecast period. This, in turn, is expected to propel the market growth. Epoxy-based coatings are majorly preferred in oil & gas industry owing to their ability to withstand higher temperatures compared to its counterparts.
Regional Insights
Asia Pacific dominated the intumescent coatings market and accounted for over 34.63% share of the global revenue in 2021. Factors such as the presence of numerous end-users, proximity to raw material suppliers, and rapid industrialization & urbanization, especially in India and China, are anticipated to boost the demand for intumescent coatings in the region. The availability of raw materials coupled with low stringent laws regarding VOC emissions as compared to North America and Europe has offered huge opportunities for the development of end-use sectors such as construction, automotive, marine, and others in the region.
The emerging nations of Asia Pacific have low labour costs, which attracted several foreign investors to set up their manufacturing facilities in the region. Thus, the growing number of manufacturing facilities is projected to boost construction activity in the region, which, in turn, is anticipated to propel the demand for intumescent coatings during the forecast period.
Key Players
Market Segmentation
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Intumescent Coatings Market
5.1. COVID-19 Landscape: Intumescent Coatings Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Intumescent Coatings Market, By Technology
8.1. Intumescent Coatings Market, by Technology, 2022-2030
8.1.1 Water-based
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Solvent-based
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Epoxy-based
8.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Intumescent Coatings Market, By Application
9.1. Intumescent Coatings Market, by Application, 2022-2030
9.1.1. Hydrocarbon
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Cellulosic
9.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Intumescent Coatings Market, By End-use
10.1. Intumescent Coatings Market, by End-use, 2022-2030
10.1.1. Construction
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Oil & Gas
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Automotive
10.1.3.1. Market Revenue and Forecast (2017-2030)
10.1.4. Others
10.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Intumescent Coatings Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Technology (2017-2030)
11.1.2. Market Revenue and Forecast, by Application (2017-2030)
11.1.3. Market Revenue and Forecast, by End-use (2017-2030)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Technology (2017-2030)
11.1.4.2. Market Revenue and Forecast, by Application (2017-2030)
11.1.4.3. Market Revenue and Forecast, by End-use (2017-2030)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Technology (2017-2030)
11.1.5.2. Market Revenue and Forecast, by Application (2017-2030)
11.1.5.3. Market Revenue and Forecast, by End-use (2017-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Technology (2017-2030)
11.2.2. Market Revenue and Forecast, by Application (2017-2030)
11.2.3. Market Revenue and Forecast, by End-use (2017-2030)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Technology (2017-2030)
11.2.4.2. Market Revenue and Forecast, by Application (2017-2030)
11.2.4.3. Market Revenue and Forecast, by End-use (2017-2030)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Technology (2017-2030)
11.2.5.2. Market Revenue and Forecast, by Application (2017-2030)
11.2.5.3. Market Revenue and Forecast, by End-use (2017-2030)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Technology (2017-2030)
11.2.6.2. Market Revenue and Forecast, by Application (2017-2030)
11.2.6.3. Market Revenue and Forecast, by End-use (2017-2030)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Technology (2017-2030)
11.2.7.2. Market Revenue and Forecast, by Application (2017-2030)
11.2.7.3. Market Revenue and Forecast, by End-use (2017-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Technology (2017-2030)
11.3.2. Market Revenue and Forecast, by Application (2017-2030)
11.3.3. Market Revenue and Forecast, by End-use (2017-2030)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Technology (2017-2030)
11.3.4.2. Market Revenue and Forecast, by Application (2017-2030)
11.3.4.3. Market Revenue and Forecast, by End-use (2017-2030)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Technology (2017-2030)
11.3.5.2. Market Revenue and Forecast, by Application (2017-2030)
11.3.5.3. Market Revenue and Forecast, by End-use (2017-2030)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Technology (2017-2030)
11.3.6.2. Market Revenue and Forecast, by Application (2017-2030)
11.3.6.3. Market Revenue and Forecast, by End-use (2017-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Technology (2017-2030)
11.3.7.2. Market Revenue and Forecast, by Application (2017-2030)
11.3.7.3. Market Revenue and Forecast, by End-use (2017-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Technology (2017-2030)
11.4.2. Market Revenue and Forecast, by Application (2017-2030)
11.4.3. Market Revenue and Forecast, by End-use (2017-2030)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Technology (2017-2030)
11.4.4.2. Market Revenue and Forecast, by Application (2017-2030)
11.4.4.3. Market Revenue and Forecast, by End-use (2017-2030)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Technology (2017-2030)
11.4.5.2. Market Revenue and Forecast, by Application (2017-2030)
11.4.5.3. Market Revenue and Forecast, by End-use (2017-2030)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Technology (2017-2030)
11.4.6.2. Market Revenue and Forecast, by Application (2017-2030)
11.4.6.3. Market Revenue and Forecast, by End-use (2017-2030)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Technology (2017-2030)
11.4.7.2. Market Revenue and Forecast, by Application (2017-2030)
11.4.7.3. Market Revenue and Forecast, by End-use (2017-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Technology (2017-2030)
11.5.2. Market Revenue and Forecast, by Application (2017-2030)
11.5.3. Market Revenue and Forecast, by End-use (2017-2030)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Technology (2017-2030)
11.5.4.2. Market Revenue and Forecast, by Application (2017-2030)
11.5.4.3. Market Revenue and Forecast, by End-use (2017-2030)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Technology (2017-2030)
11.5.5.2. Market Revenue and Forecast, by Application (2017-2030)
11.5.5.3. Market Revenue and Forecast, by End-use (2017-2030)
Chapter 12. Company Profiles
12.1. Akzo Nobel N.V.
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Jotun
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Contego International Inc.
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Hempel A/S
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. No-Burn Inc.
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Nullifire
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. The Sherwin-Williams Company
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Carboline
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Albi Protective Coatings
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Isolatek International
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers