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Intumescent Coatings Market Size, Share & Trends Analysis Report By Type (Water-based, Solvent-based, Epoxy-based), By Application (Hydrocarbon, Cellulosic), By End-use (Construction, Oil & Gas, Automotive), By Region, And Segment Forecasts, 2023 - 2030

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    Report

  • 175 Pages
  • April 2023
  • Region: Global
  • Grand View Research
  • ID: 5165398
The global intumescent coatings market size is expected to reach USD 1.73 billion by 2030 to expand at a CAGR of 5.3% from 2023 to 2030. Extensive usage of passive fire protection for steel structures used in offshore & onshore extraction and purification & refining in the oil & gas industry is the key factor boosting the market growth. In addition, rising shale gas exploration coupled with expanding oil & gas industry in North America is expected to propel the product demand over the forecast period. The market is characterized by the presence of a large number of raw material suppliers leading to an increase in the switching ability of the manufacturers and boost the bargaining power.

However, volatile prices of the raw materials, such as epoxy resins is expected to restrain the growth to some extent. Moreover, several regulations limiting the presence of Volatile Organic Compounds (VOCs) in the formulation is further expected to hinder market growth. On the other hand, development of advanced products that are compliant with the regulations set by the European Commission is expected to drive the demand over the next seven years. The market in Asia Pacific witnessed a significant expansion owing to increased oil & gas exploration activities, particularly in the South China Sea.

Furthermore, infrastructure development in emerging economies including India, Indonesia, and Vietnam is likely to contribute to the market development over the forecast period. However. The recent outbreak of COVID-19 has disrupted supply chains and sharply curtailed product demand. Restriction in transportation and supply due to slowdown or halting of factories, partial or nationwide lockdowns in several countries and slowdown in construction activities in order to restrain the spread of the pandemic is expected to negatively impact market growth.

Water-based intumescent coatings segment is anticipated to progress at substantial growth rate during the forecast period. Water-based intumescent coatings are primarily used where solvent-based coatings are expected to react with the substrate. They are ideal primers owing to properties such as excellent thermal and corrosion resistance. In addition, they are flame resistant and have low toxicity owing to their low VOC content and low hazardous air pollutant emissions. The use of water-based coatings is projected to increase during the forecast period due to stringent legislation regarding the solvents present in paints & coatings in the U.S. and other mature European countries. Several companies in the market are working towards the development of new fast-drying coatings product. Companies such as Alfa Laval and Hellenic Petroleum are using fast-drying water-based coatings for heat exchangers, train wagons, piping, and tanks. These coatings comply with strict VOC regulations and are suitable for shorter pr
oduction turnaround time.

Intumescent Coatings Market Report Highlights

  • Asia Pacific dominated the overall market and is expected to maintain its dominance over the forecast period
  • The oil & gas segment witnessed the fastest growth rate with a CAGR of 5.4% due to rising investments in exploration activities, deep-water projects, marginal fields, and refining capacity expansion
  • The water-based coatings segment witnessed the fastest growth rate with a CAGR of 5.5%
  • In September 2022, PPG Industries, Inc. introduced new PPG PITT-CHAR NX intumescent coating, which offers additional properties of lightness and thinness, specifically in onshore and offshore environments. The new product is expected to bring increased value to the customers

Table of Contents

Chapter 1 Methodology And Scope
1.1 Market Segmentation & Scope
1.2 Market Definition
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Internal Database
1.4 Information Analysis
1.5 Market Formulation & Data Visualization
1.6 Data Validation & Publishing
1.6.1 Research Scope And Assumptions
1.6.2 List To Data Sources
Chapter 2 Executive Summary
2.1 Market Snapshot
2.2 Segmental Snapshot
2.3 Competitive Landscape Snapshot
Chapter 3 Intumescent Coatings: Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Global Coatings Market Outlook
3.2 Industry Value Chain Analysis
3.2.1 Manufacturing & Type Trends
3.2.1.1 Water-Based Intumescent Coatings
3.2.1.2 Solvent-Based Intumescent Coatings
3.2.1.3 Epoxy-Based Intumescent Coatings
3.2.2 Sales Channel Analysis
3.2.3 List Of Potential End-Users
3.3 Price Trend Analysis, 2018 - 2030
3.3.1 Factors Influencing Prices
3.4 Regulatory Framework
3.5 Market Dynamics
3.5.1 Market Driver Analysis
3.5.1.1 Increasing Exploration In Oil & Gas Industry
3.5.1.2 Growing Construction Industry In Asia Pacific
3.5.2 Market Restraint Analysis
3.5.2.1 Volatile Raw Material Prices
3.5.3 Industry Challenges Analysis
3.5.4 Industry Opportunities Analysis
3.6 Impact Of Covid-19 Pandemic
3.7 Impact Of European Geopolitical Conflict
3.8 Industry Analysis - Porter’s Analysis
3.9 Macroeconomic Analysis - Pestle
Chapter 4 Intumescent Coatings Market: Supplier Portfolio Analysis
4.1 Portfolio Analysis/Kraljic Matrix
4.2 Engagement Model
4.3 Negotiation Strategies
4.3.1 Collaborating With Multiple Suppliers
4.3.2 Tracking Raw Material Prices
4.4 Best Sourcing Practices
4.5 Raw Material Trends
4.5.1 Epoxy Resin
4.5.2 Sodium Silicates
4.5.3 Graphite
4.6 List Of Key Raw Material Suppliers
Chapter 5 Intumescent Coatings Market: Type Estimates & Trend Analysis
5.1 Type Movement Analysis & Market Share
5.1.1 Water-Based
5.1.2 Solvent-Based
5.1.3 Epoxy-Based
Chapter 6 Intumescent Coatings Market: Application Estimates & Trend Analysis
6.1 Application Movement Analysis & Market Share
6.1.1 Hydrocarbon Fire Protection
6.1.2 Cellulosic Fire Protection
Chapter 7 Intumescent Coatings Market: End-Use Estimates & Trend Analysis
7.1 Application Movement Analysis & Market Share
7.1.1 Construction
7.1.2 Oil & Gas
7.1.3 Automotive
7.1.4 Other End-Uses
Chapter 8 Intumescent Coatings Market: Regional Estimates & Trend Analysis
8.1 Intumescent Coatings Market: Regional Outlook
8.2 North America
8.2.1 North America Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
8.2.1.1 U.S.
8.2.1.1.1 Key Country Dynamics
8.2.1.1.2 U.S. Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
8.2.1.2 Canada
8.2.1.2.1 Key Country Dynamics
8.2.1.2.2 Canada Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
8.2.1.3 Mexico
8.2.1.3.1 Key Country Dynamics
8.2.1.3.2 Mexico Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
8.3 Europe
8.3.1 Europe Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
8.3.1.1 Germany
8.3.1.1.1 Key Country Dynamics
8.3.1.1.2 Germany Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
8.3.1.2 U.K.
8.3.1.2.1 Key Country Dynamics
8.3.1.2.2 U.K. Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
8.3.1.3 France
8.3.1.3.1 Key Country Dynamics
8.3.1.3.2 France Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
8.3.1.4 Italy
8.3.1.4.1 Key Country Dynamics
8.3.1.4.2 Italy Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
8.3.1.5 Spain
8.3.1.5.1 Key Country Dynamics
8.3.1.5.2 Spain Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
8.3.1.5.3 Italy Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
8.3.1.6 The Netherlands
8.3.1.6.1 Key Country Dynamics
8.3.1.6.2 The Netherlands Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
8.3.1.6.3 Italy Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
8.3.1.7 Belgium
8.3.1.7.1 Key Country Dynamics
8.3.1.7.2 Belgium Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
8.3.1.7.3 Italy Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
8.3.1.8 Russia
8.3.1.8.1 Key Country Dynamics
8.3.1.8.2 Russia Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
8.3.1.8.3 Italy Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
8.4 Asia Pacific
8.4.1 Asia Pacific Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
8.4.1.1 China
8.4.1.1.1 Key Country Dynamics
8.4.1.1.2 China Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
8.4.1.2 India
8.4.1.2.1 Key Country Dynamics
8.4.1.2.2 India Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
8.4.1.3 Japan
8.4.1.3.1 Key Country Dynamics
8.4.1.3.2 Japan Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
8.4.1.4 South Korea
8.4.1.4.1 Key Country Dynamics
8.4.1.4.2 South Korea Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
8.4.1.5 Singapore
8.4.1.5.1 Key Country Dynamics
8.4.1.5.2 Singapore Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
8.5 Central & South America
8.5.1 Central & South America Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
8.5.2 Brazil
8.5.2.1 Key Country Dynamics
8.5.2.2 Brazil Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
8.5.3 Argentina
8.5.3.1 Key Country Dynamics
8.5.3.2 Argentina Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
8.6 Middle East & Africa
8.6.1 Middle East & Africa Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
8.6.2 South Africa
8.6.2.1 Key Country Dynamics
8.6.2.2 South Africa Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
8.6.3 Saudi Arabia
8.6.3.1 Key Country Dynamics
8.6.3.2 Saudi Arabia Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Chapter 9 Intumescent Coatings Market: Competitive Landscape
9.1 Recent Developments & Impact Analysis, By Key Market Participants
9.2 Company Categorization
9.3 Company Market Share Analysis, 2022
9.4 Competitive Heat Map Analysis
9.5 Participant’s Overview
9.6 Financial Performance
9.7 Product Benchmarking
9.8 Strategy Mapping
9.9 Company Listing
9.9.1 3m
9.9.2 Akzo Nobel N.V.
9.9.3 Contego International Inc.
9.9.4 Hempel A/S
9.9.5 Isolatek International
9.9.6 Jotun
9.9.7 Nullifire
9.9.8 Ppg Industries, Inc.
9.9.9 Rudolf Hensel Gmbh
9.9.10 Sika Ag
9.9.11 The Sherwin-Williams Company
9.9.12 Tor Coatings
List of Tables
Table 1 List of Potential End Users
Table 2 List of Patents
Table 3 List of Key Raw Material Suppliers
Table 4 U.S. macro-economic outlay
Table 5 Canada macro-economic outlay
Table 6 Mexico macro-economic outlay
Table 7 Germany macro-economic outlay
Table 8 U.K. macro-economic outlay
Table 9 France macro-economic outlay
Table 10 Italy macro-economic outlay
Table 11 Spain macro-economic outlay
Table 12 The Netherlands macro-economic outlay
Table 13 Belgium macro-economic outlay
Table 14 Russia macro-economic outlay
Table 15 China macro-economic outlay
Table 16 India macro-economic outlay
Table 17 Japan macro-economic outlay
Table 18 South Korea macro-economic outlay
Table 19 Singapore macro-economic outlay
Table 20 Brazil macro-economic outlay
Table 21 Argentina macro-economic outlay
Table 22 South Africa macro-economic outlay
Table 23 Saudi Arabia macro-economic outlay
Table 24 Recent Developments & Impact Analysis, By Key Market Participants
Table 25 Company Heat Map Analysis
Table 26 Key Companies Involved in Mergers & Acquisitions
Table 27 Key Companies Launching New Products
List of Figures
Fig. 1 Intumescent Coatings Market Segmentation & Scope
Fig. 2 Information procurement
Fig. 3 Data analysis models
Fig. 4 Market formulation and validation
Fig. 5 Data validating & publishing
Fig. 6 Intumescent coatings market snapshot
Fig. 7 Intumescent coatings market segmental snapshot
Fig. 8 Intumescent coatings market segmental snapshot
Fig. 9 Intumescent coatings market competitive landscape snapshot
Fig. 10 Intumescent coatings market value, 2022 (USD Million)
Fig. 11 Intumescent coatings market value chain analysis
Fig. 13 Intumescent Coatings Market - Market Dynamics
Fig. 14 Global Oil & Gas Production, 2018 - 2021 (Million Tons)
Fig. 15 Exports of Petroleum Products from India, 2018 - 2021 (MMT)
Fig. 16 Industry Analysis - Porter’s Analysis
Fig. 17 Macroeconomic Analysis - PESTLE
Fig. 18 Portfolio Analysis/Kraljic Matrix
Fig. 19 Intumescent Coatings Market Estimates & Forecasts, by Type: Key Takeaways
Fig. 20 Intumescent Coatings Market Share, by Type
Fig. 21 Water-based Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 22 Solvent-based Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 23 Epoxy-based Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 24 Intumescent Coatings Market Estimates & Forecasts, by Application: Key Takeaways
Fig. 25 Intumescent Coatings Market Share, by Application
Fig. 26 Intumescent Coatings Market Estimates & Forecasts in Hydrocarbon Fire Protection, 2018 - 2030 (Tons) (USD Millions)
Fig. 27 Intumescent Coatings Market Estimates & Forecasts in Cellulosic Fire Protection, 2018 - 2030 (Tons) (USD Million)
Fig. 28 Intumescent Coatings Market Estimates & Forecasts, by End-Use : Key Takeaways
Fig. 29 Intumescent Coatings Market Share, by End-Use
Fig. 30 Intumescent Coatings Market Estimates & Forecasts in Construction, 2018 - 2030 (Tons) (USD Million
Fig. 31 Intumescent Coatings Market Estimates & Forecasts in Oil & Gas, 2018 - 2030 (Tons) (USD Million)
Fig. 32 Intumescent Coatings Market Estimates & Forecasts in Automotive, 2018 - 2030 (Tons) (USD Million)
Fig. 33 Intumescent Coatings Market Estimates & Forecasts in End-Uses, 2018 - 2030 (Tons) (USD Million)
Fig. 34 Intumescent Coatings Market, by Region, 2022 & 2030 (USD Million)
Fig. 35 North America Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 36 U.S. Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 37 Canada Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 38 Mexico Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 39 Europe Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 40 Germany Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 41 U.K. Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 42 France Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 43 Italy Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 44 Spain Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 45 The Netherlands Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 46 Belgium Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 47 Russia Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 48 Asia Pacific Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 49 China Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 50 India Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 51 Japan Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 52 South Korea Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 53 South Korea Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 54 Central & South America Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 55 Brazil Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 56 Argentina Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 57 Middle East & Africa Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 58 South Africa Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 59 Saudi Arabia Intumescent Coatings Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
Fig. 60 Key Company Categorization
Fig. 61 Company Market Share Analysis, 2022
Fig. 62 Strategy Mapping

Companies Mentioned

  • 3m
  • Akzo Nobel N.V.
  • Contego International Inc.
  • Hempel A/S
  • Isolatek International
  • Jotun
  • Nullifire
  • Ppg Industries, Inc.
  • Rudolf Hensel Gmbh
  • Sika Ag
  • The Sherwin-Williams Company
  • Tor Coatings

Methodology

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Table Information