SAN FRANCISCO, August 3, 2015 /PRNewswire/ --
Global intumescent coatings market size is expected to
reach USD 1.11 billion by 2022,
according to a new study by Grand View Research, Inc. Construction
industry growth is anticipated to drive the market growth of
intumescent coatings. Rapid industrialization coupled with rising
infrastructure development particularly in India and Indonesia. Furthermore, rising oil & gas
and shale gas exploration in the South China Sea is expected to
drive market growth in Asia
Pacific.
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Browse full research report with TOC on
"Intumescent Coatings Market Analysis By Application
(Cellulosic, Hydrocarbons), By End-Use (Oil & Gas,
Construction, Automotive) And Segment Forecasts To 2022"
at:
http://www.grandviewresearch.com/industry-analysis/intumescent-coatings-industry
Construction was the fastest growing end-use segment at a CAGR
of 5.2% from 2014 to 2022. Stringent regulations regarding fire
safety in buildings coupled with growing emphasis on building
aesthetics is expected to drive demand for intumescent coatings in
the construction segment.
Further key findings from the study suggest:
- Hydrocarbons dominated the application segment, accounting for
50.2% of global market revenue in 2014. Rising shale gas
explorations coupled with increasing oil & gas refinery plants
in expected to drive demand for hydrocarbon coatings over the
forecast period.
- Rising demand for cellulosic coatings in automotive segment on
account of superior fire protection and better aesthetics is
expected to have a positive impact on the global market.
- Asia Pacific was the largest
market, accounting for 33.3% of market revenue in 2014. Growing
housing sector in China and
India in light of increasing
urbanization and population growth is expected to fuel intumescent
coatings market over the forecast period.
- Europe is expected to witness
sluggish growth at a CAGR of 3.9% between 2015 and 2022 owing to
slump in the construction industry in the region. However, moderate
growth in the region is expected to be fuelled by development of
Eastern European countries.
- North America intumescent
coatings market accounted for over 18% of global revenue in 2014
and is expected to grow at a CAGR of 4.8% over the forecast period.
Rising demand for hydrocarbon intumescent coatings on account of
growing shale gas exploration & production in the region is
expected to augment market growth over the next seven years.
- Major intumescent coatings manufacturers include companies such
AkzoNobel, Jotun Group, Contego International Inc., Hempel Marine
Paints, No-Burn Inc., Null Fire, Sherwin-Williams, Carboline, Albi
Manufacturing and Leighs Paints. Expansion of refining capacity in
Middle East coupled with growing
shale gas production in U.S is expected to ensure demand for
intumescent coatings over the projected period.
Browse more reports of this category by Grand View
Research:
http://www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
For the purpose of this study, Grand View Research has
segmented the Intumescent Coatings Market on
the basis of product, application and
region:
- Global Intumescent Coatings Application Outlook (Volume,
Kilo Tons; Revenue, USD Million, 2012 - 2022)
- Global Intumescent Coatings End-Use Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2012 - 2022)
- Construction
- Oil & gas
- Automotive
- Others
- Global Intumescent Coatings Regional Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2012 - 2022)
- North America
- Europe
- Latin America
- Asia Pacific
- MEA
Browse related reports by Grand View Research:
- Waterborne Coatings Market -
http://www.grandviewresearch.com/industry-analysis/waterborne-coatings-market
- Automotive Coatings Market -
http://www.grandviewresearch.com/industry-analysis/automotive-coatings-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company
provides syndicated research reports, customized research reports,
and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant
and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: http://www.grandviewresearch.com
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