Intumescent Coatings Market 2016 Share, Trend and Forecast Intumescent Coatings Market - Global Industry Anal

Intumescent Coatings Market - Global Industry
Analysis, Size, Share, Growth, Trends, and
Forecast 2016 - 2024
Global Intumescent Coatings Market: Snapshot
Thanks to the significant rise in the building and construction activities, fueled by
the swift increase in the urbanization, the demand for intumescent coatings has
bolstered across the world. The implementation of various regulations concerning
the emission of volatile organic compounds is also influencing the sales of these
coatings globally.
Going forward, the increasing awareness among consumers regarding fire
protection coatings is likely to boost the worldwide market for intumescent coatings
substantially in the years come. The opportunity in this market is likely to rise at a
CAGR of 7.0% between 2016 and 2024 and progress from a value of US$372.9 mn
in 2015 to US$675.5 mn by the end of 2024.
View Report @ http://www.transparencymarketresearch.com/intumescent-
coatings-market.html
Epoxy-based Intumescent Coatings to Witness Strong Demand
Based on the type of resin, the global intumescent coatings market has been
classified as acrylic, epoxy, and polyurethane. Epoxy-based intumescent coatings
are the most common resin across the world. Over the coming years, the demand
for epoxy-based coatings is likely to increase remarkably, establishing their
continued lead on this market. Among others, the acrylic-based intumescent
coatings segment has been performing better compared to polyurethane-based
ones. However, polyurethane resins are recently introduced into the market and are
expected to have a positive influence in the near future.
In terms of the type of fire, the market has been classified into cellulosic coatings
and hydrocarbon coatings. The rise in the overall construction and building sector
has created a significant demand for cellulosic coatings. Hydrocarbon coatings are
preferred in the petrochemical industry and the demand for these coatings is
expected to augment in the upcoming years.
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