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Intumescent Coatings Market Analysis, Size, Share, Growth,
Industry Trends and Forecast to 2024 - Hexa Research
" The rising demand from various end-use industries
is expected to fuel the intumescent coating market to
growth at a CAGR of 4.6% over a period from 2016 to
2024."
Intumescent coatings have the capability to protect materials from fire and its resulting damage. These
coatings, when exposed to fire produce a separate layer called ‘char’ to protect the material by cutting off the
oxygen. Its applications include fire-stopping pillows, window casings, and gasketing.
The Intumescent Coatings Market is poised to grow due to demand from various industries. It is estimated to
exhibit a 4.6% CAGR over the forecast period (2016-2024). A common regulatory standard is an effective
barrier against market players attempting to invest in other regions.
The global market is segmented according to raw material, end-users, and regions. Raw materials dependent on
producing these coatings are hydrocarbon or cellulosic based. The former have large market shares, while the
latter will exhibit a high growth rate due to its application across marine, automotive, and construction
industries. Hydrocarbon coatings have significant returns in terms of revenue due to their increased use in oil &
gas sector.
Browse Details of Report @ https://www.hexaresearch.com/research-report/intumescent-coatings-market
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