Intumescent Coatings For Fireproofing and Spray-Applied Fire-Resistive Materials Market – Growing With a CAGR of 5.1%,size,
Intumescent Coatings For Fireproofing and Spray-Applied Fire-Resistive Materials market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.1% in the forecast period of 2021 to 2028 and is expected to reach USD 2,524,336.06 thousand by 2028.
The intumescent coating for fireproofing and spray-applied fire-resistive market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief. Our team will help you create a revenue impact solution to achieve your desired goal.
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Global Intumescent Coatings For Fireproofing And Spray-Applied Fire-Resistive Materials Market Scope And Market Size
The intumescent coatings for fireproofing and spray-applied
fire-resistive materials market is segmented into seven notable segments, which
are based on the product type, type, resin, substrate, technology, application,
and end-user. The growth among segments helps you analyze niche pockets of
growth and strategies to approach the market and determine your core
application areas and the difference in your target markets.
·
On the basis of product type, the intumescent coatings for
fireproofing and spray-applied fire-resistive materials market is segmented
into intumescent coatings for fireproofing and spray-applied fire-resistive
materials. In 2021, the intumescent coatings for fireproofing segment is
dominating the market because of the huge adoption of intumescent coatings for
fireproofing in new construction projects. Further, it is also used for the
maintenance of old projects such as residential as well as commercial buildings
·
On the basis of type, the intumescent coatings for fireproofing
and spray-applied fire-resistive materials market is segmented into thick-film
and thin-film. In 2021, the thick-film segment is dominating the market because
such type of fireproofing coating is usually epoxy-based which has higher dry
film thickness compared to the thin film, thus further boosting the demand for
thick-film in the forecast year.
·
On the basis of resins, the intumescent coatings for
fireproofing and spray-applied fire-resistive materials market is segmented
into epoxy, acrylic, alkyd, polyurethane, and others. In 2021, the epoxy
segment is dominating the market because the epoxy-based resin has high
corrosion resistance. As a result, it is not affected by water as well as heat
as compared to other resins, which helps to boost its demand in the forecast
year.
·
On the basis of substrate, the intumescent coatings for
fireproofing and spray-applied fire-resistive materials market is segmented
into structural steel & cast iron, wood, composite elements, and others. In
2021, the structural steel & cast iron segment is dominating the market
because structural steel & cast iron offer excellent mechanical properties
due to their rigidity and excellent load-bearing capabilities. This also helps
to boost the demand for intumescent coatings for applications on structural
steel & cast iron substrates in the forecast year.
·
On the basis of technology, the intumescent coatings for
fireproofing and spray-applied fire-resistive materials market is segmented
into epoxy-based, water-based, solvent-based, and powder-based. In 2021, the
epoxy-based segment is dominating the market because epoxy-based coatings
provide excellent hydrocarbon fire protection due to which can be used in the
harshest environment, thereby further boosting its demand in the forecast year.
·
On the basis of application, the intumescent coatings for
fireproofing and spray-applied fire-resistive materials market is segmented
into hydrocarbons and cellulosic. In 2021, the hydrocarbons segment is
dominating the market because coatings that offer protection against
hydrocarbon fires are effective as well as efficient passive fire protection of
steel structures also in high-risk environments such as offshore platforms and
petrochemical plants. This helps to boost its demand in the forecast year.
·
On the basis of end-user, the intumescent coatings for
fireproofing and spray-applied fire-resistive materials market is segmented
into building and construction, oil and gas, industrial, automotive, aerospace,
and others. In 2021, the building & construction segment is dominating the
market because the fireproofing coating is commonly used in the construction of
residential as well as commercial buildings in order to restrict fire. This
helps to boost its demand in the forecast year.
Intumescent Coatings For Fire Proofing And
Spray Applied Fire Resistive Materials Materials Market Share Analysis
Intumescent coatings for fireproofing and spray-applied
fire-resistive materials market competitive landscape provides details by a
competitor. Details included are company overview, company financials, revenue
generated, market potential, investment in research and development, new market
initiatives, global presence, production sites and facilities, company
strengths and weaknesses, product launch, product trials pipelines, product
approvals, patents, product width and breadth, application dominance,
technology lifeline curve. The above data points provided are only related to
the companies' focus related to global Intumescent coatings for fireproofing
and spray-applied fire-resistive materials market.
The major players covered in the report are Jotun (a subsidiary
of Orkla), PPG Industries, Inc., Akzo Nobel N.V., The Sherwin-Williams Company,
Hempel A/S, 3M, GCP Applied Technologies Inc., MBCC Group, No-Burn, Inc.,
Contego International Inc., Teknos Group, Carboline (a subsidiary of RPM
International Inc.), Arabian vermiculite industries, Sika AG, Etex Group, Albi
Protective Coatings, Flame Control, CPG EUROPE, Rudolf Hensel GmbH, Isolatek
International among other domestic and global players. DBMR analysts understand
competitive strengths and provide competitive analysis for each competitor
separately.
Many product developments are also initiated by the companies
worldwide, which are also accelerating the growth of intumescent coatings for
fireproofing and spray-applied fire-resistive materials market.
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For instance,
§ In June 2021, Carboline announced that it is
acquiring Dudick Inc., a prominent leader of high-performance coatings in the
world. The company expects to diversify its product portfolio and expand its
overall business with this acquisition.
§ In June 2019, GCP Applied Technologies Inc.
was honored with the Women on Boards award for achieving at least 20% women's
representation on the company board. Women on Boards are a collective that
works to spread awareness and momentum towards ensuring ample women
participation in public company boards. The company expects this award to
improve its goodwill and help it to achieve a name among its competitors.
Partnership, joint ventures, and other strategies enhance the
company's market share with increased coverage and presence. It also provides
the benefit for the organization to improve their offering for intumescent
coatings for fireproofing and spray-applied fire-resistive materials through an
expanded range of sizes.
Qualitative and quantitative analysis of the market based on
segmentation involving both economic as well as non-economic factors
·
Provision of market value (USD) data for each
segment and sub-segment
·
Indicates the region and segment that is
expected to witness the fastest growth as well as to dominate the market
·
Analysis by geography highlighting the
consumption of the product/service in the region as well as indicating the
factors that are affecting the market within each region
·
Competitive landscape which incorporates the
market ranking of the major players, along with new service/product launches,
partnerships, business expansions and acquisitions in the past five years of
companies profiled
·
Extensive company profiles comprising of
company overview, company insights, product benchmarking and SWOT analysis for
the major market players
·
The current as well as the future market
outlook of the industry with respect to recent developments (which involve
growth opportunities and drivers as well as challenges and restraints of both
emerging as well as developed regions
·
Includes an in-depth analysis of the market of
various perspectives through Porter’s five forces analysis
·
Provides insight into the market through Value
Chain
·
Market dynamics scenario, along with
growth opportunities of Intumescent
Coatings For Fireproofing and Spray-Applied Fire-Resistive Materials market in the years to come.
Intumescent
Coatings For Fireproofing And Spray-Applied Fire-Resistive Materials Market
Country Level Analysis
Intumescent coatings for fireproofing and spray-applied
fire-resistive materials market is analyzed, and market size information is provided
by country, product type, type, resin, substrate, technology, application, and
end-user.
The countries covered in intumescent coatings for fireproofing
and spray-applied fire-resistive materials market report are the U.S., Canada,
Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland,
Belgium, Netherlands, Luxemburg, Rest of Europe, Japan, China, South Korea,
India, Australia and New Zealand, Singapore, Thailand, Indonesia, Malaysia,
Philippines, Rest of Asia-Pacific, Brazil, Argentina, rest of South America,
South Africa, Egypt, Saudi Arabia, U.A.E., Israel, rest of Middle East and
Africa.
Asia-Pacific dominates the intumescent coatings for
fireproofing, and spray-applied fire-resistive materials market as in China and
India, the production, import, and consumption of intumescent coatings for
fireproofing and spray-applied fire-resistive materials is increasing. The
Asia-Pacific region is expected to grow with the highest growth rate in the
forecast period of 2021 to 2028 because of the high construction and building
activities happening in the region. While Germany is dominating in the European
region due to increasing automotive production, the U.S. is dominating in the
North American region due to growth in aerospace and oil and gas industry in
the region.
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