Global intumescent coatings market value is projected to reach USD 1.56 billion by 2028, according to a new research report by Global Market Insights Inc.
Intumescent coatings, in the forthcoming years, are expected to garner significant popularity with the thriving consumer emphasis on safety measures, like active and passive fire protection in buildings to counter the rising event of fires. These coatings not only provide a cost-effective and practical solution in fireproofing but also offer corrosion resistance to structures made of alloys and steel. They are largely utilized in decorative capacities and are applied to structural members to enhance the aesthetics of the products.
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The growth of the intumescent coatings market can also be accredited to their ease of application on a wide variety of materials, like steel, composite elements, timbers, and concrete. Given their ability to deliver passive fire protection to structural steel, they are largely prevalent in modern architectural designs of industrial and commercial buildings. One of the most promising features of these coatings is that they do not modify the intrinsic properties of the materials.
Intumescent coatings are easily processed and possess the ability of significantly expanding when exposed to high temperatures. Rising application potential in the automotive, and construction sectors to match the requirements pertaining to speed and quality of finish will additionally anchor the product demand.
Listed below are some well-known intumescent coatings likely to instill a positive scenario for the industry growth.
- Increasing prominence of water-based paints
Owing to rising preference, which is mainly driven by their eco-friendly benefits, the consumption of water-based intumescent coatings is poised to notably grow in the coming years. As these coatings impart a smooth finish in a faster time than other methods, they are a preferred choice by specifiers and applicators. They are easy to spray, less expensive and have limited-chemically smelling characteristics. Resistance to humidity, higher build capacity, reduced over-coating intervals and enhanced weather-ability are a few other advantages related to these coatings.
- Growing penetration for weather resistance
The solvent-based intumescent coatings market will largely evolve with growing usage in semi-exposed environments on account of their robust abilities to counter weather and temperature variations as well as changing humidity conditions. In addition to this, they are well-known for imparting an excellent finish in a reasonable time frame. Besides, these coatings have a smoother finish and dry faster. The rising popularity of thin-film solvent-based intumescent coatings in the passive fire protection of structural steel will further drive market development.
- Surging application of epoxy intumescent technology
Propelled by greater adoption in harsh environments, like the offshore marine and chemical industry to deliver excellent hydrocarbon fire protection, the epoxy-based intumescent coatings market is set to experience a substantial boom. These products are essentially reactive polymer coatings that fireproof steel structural elements in offshore oil and gas applications. In fact, thick-film fiber-reinforced epoxy intumescent paints are widely deployed in industrial facilities to protect against hydrocarbon and jet fires.
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Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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