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Intumescent Coatings Market likely to witness an impressive CAGR of 4.6%, as estimated by Stratview Research

Stratview Research in its recent report has offered an overlook of the current Intumescent Coatings Market scenarios and has also estimated the market size to reach grow at CAGR of 4.6%. The insights highlighted in the report are based on data that is carefully collected from reliable sources and is then scrutinized to have a proper analysis.
Not only the report offers the market size but also details about the market segmentation with its share. Stratview Research also extends its research to offer a forecast of the market during the period, to provide the clients with base knowledge of the market and make strategies to have beneficial results ahead.

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Intumescent Coatings refers to a substance that reduces in density while increasing in volume when exposed to heat. The substance is very commonly used in options of fire protection.
Intumescent Coatings can be of thin films or thick films. They are used in a number of industries today such as construction, industrial, aerospace, and many others.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

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Based on the type, the market is segmented as thin-film and thick-film based intumescent coatings. The thin-film segment is projected to lead the market during the forecast period, owing to its extensive usage in the building and construction industry for passive fire protection.
Based on the substrate type, the market is classified as structural and cast iron, wood, and others. The structural steel and cast-iron segments are expected to witness the highest growth during the forecast period, owing to the revival of the construction industry in North America and Europe, expanding construction sector in the Middle East and Asia-Pacific. Steel and cast iron are the predominant materials used in the construction industry.
Based on the end-use industry type, the market is segmented into building and construction, industrial, aerospace, and others. The building and construction industry is expected to lead the market during the forecast period, owing to the rising awareness and regulations regarding fire protection.
In terms of regions, Asia-Pacific is likely to depict the highest growth during the forecast period. China, Malaysia, Indonesia, South Korea, Japan, and India are the growth engines of the region’s market. Economic development in the developing economies, increasing disposable income of consumers, and rising urbanization haveled to the increase in infrastructure and building & construction projects in the region, which in turn, is driving the market for intumescent coatings. North America and Europe are the other major markets with substantial growth opportunities, owing to the revival of the construction industry in these two regions after the global subprime crises and Euro debt crises.

Check out the Table of Contents here:
https://www.stratviewresearch.com/toc/785/intumescent-coatings-market.html

Highlights of the Report:
Intumescent Coatings Market is projected to grow at a healthy CAGR of 4.6% during the forecast period. Intumescent coatings are extensively used in industries, such as building & construction, industrial, and aerospace to prevent substances against heat and fire impairment. An intumescent coating plays a vital role in the event of fire by acting as a protective barrier for substrates against fire, thus providing enough time for rescue and evacuation. Rising awareness, stringent government regulations, growing importance of safety measures, and increasing demand for lightweight materials in the building & construction industry are the major factors driving the global intumescent coatings market.
Some of the key players in the global intumescent coatings market are AkzoNobel, PPG Industries, Inc. The Jotun Group, The Sherwin-Williams Company, Hempel A/S, Promat International NV, Kansai Paint Co., Ltd., Teknos Group Oy, Carboline, The 3M Company, Nullifire, Sika AG, BASF SE, Contego International, Isolatek International, GCP Applied Technologies, Intumescent Systems Ltd. (Envirograf), Albi Protective Coatings, Arabian Vermiculite Industries, Bollom, No-Burn, Inc., SKK Pte. Ltd., Demilec Inc., Monarch Industrial Products (I) Pvt Ltd., and Gangotri Hi-Tech Coatings.

Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Intumescent Coatings Market analysis report discusses the following heads in great detail:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors
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