Intumescent Coatings Market Expected To Grow At 7.
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LAS VEGAS, Nov. 21, 2017 (GLOBE NEWSWIRE) -- The latest trending report published by Crystal Market Research titled, Intumescent Coatings Market , approximates that the Intumescent Coatings Market size is estimated to flourish at a significant CAGR in the future, and this is attributed to the escalation in need for this product across the globe along with novel innovations in the market.
The global Intumescent coating market was evaluated around USD 0.71 billion in the 2012 and is expected to reach approximately USD 1.47 billion by the end of 2022 while registering itself at a compound annual growth rate (CAGR) of 7.61% over the forecast period owing to rising spending on construction by the customers in Asia Pacific region. Additionally, rising urbanization in this region along with rising implementation of passive fire protection is predicted to boost the growth. The market is expected to demonstrate growth owing to increasing shale gas exploration activities propelled by the advanced technological development including horizontal and hydraulic drilling. Moreover, expansion in the shale gas industrial application in various industries such as oil & gas, power, and manufacturing is projected to assist the global intumescent coatings market growth. The growth of automotive and aerospace industry along with rising demand for fireproof commercial and residential structures is anticipated to impact the regional market of the United States positively. Furthermore, rising funding for shale gas discovery in the country is likely to drive the demand for the next few years. The intumescent coatings demand is projected to be fueled by the obligation of the strict fire safety norms around the world. Also, the advent of the advanced, light-weight and thin film intumescent coatings by a key manufacturer is likely to benefit the global market.
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The report Intumescent Coatings Market render a wide-ranging analysis of the said market in terms of product, regional, application and end user segmentation. The report comprises of the present market size of this industry. Also, the potential outlooks and current market summary of this segment has been thoroughly analyzed in this report. Moreover, chief market players of the Intumescent Coatings Market are studied on various factors like product portfolio, company profile, sales analysis, revenue generation through the forecast period.
Major Market Players
- Jotun
- Sherwin-Williams
- Carboline
- Albi Manufacturing
- Akzo Nobel N.V
- Hempel A/S
- Null Fire
- PPG Industries Inc.
- Contego International
- 3M
- Flame Control
- Crown Paints
- Rudolf Hensel GmbH
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Table of Contents
- Introduction 1.1. Report Description 1.2. Research Methodology 1.2.1. Secondary Research 1.2.2. Primary Research
- Executive Summary 2.1. Key Highlights
- Market Overview 3.1. Introduction 3.1.1. Market Definition 3.1.2. Market Segmentation 3.2. Market Dynamics 3.2.1. Drivers 3.2.1.1. Growth in oil & gas exploration activities 3.2.1.2. Increased infrastructure spending 3.2.1.3. Positive shale gas extraction outlook 3.2.2. Restraints 3.2.2.1. Volatile raw material price trends 3.2.3. Opportunities 3.2.3.1. Emerging Countries to Offer Lucrative Growth Opportunities
- Intumescent Coatings Market, By Application
- Intumescent Coatings Market, By Region
- Company Profiles
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Report’s Magnitude:
This report contains Segment wise in-depth analysis in terms several above-mentioned segments along with market size forecasts and approximations to observe significant areas of industry growth in detail. Additionally, an executive summary, summarizing the entire report in such a way that decision-making team can speedily become familiar with background information, summarizing analysis and main conclusions.
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