DOVER, Delaware, April 19, 2016 /PRNewswire/ --
Intumescent Coatings Market Size is forecast to be worth USD 1.16 Billion by 2022, as per a new research report by Global Market Insights, Inc. Increasing applications in the energy sector coupled with stringent government regulations pertaining to health & safety standardization is likely to drive demand over the forecast period. Features such as fireproofing and heat resistance are anticipated to be among key factors to drive intumescent coatings market growth. Strong shale gas production landscape is also likely to positively impact the industry.
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Cellulosic intumescent coatings market size was over USD 400 Million in 2014 with revenue expectation of over USD 570 Million by 2022. Growth in the construction sector and increasing demand for thin film coatings in the marine and automobile applications are expected to boost growth. Hydrocarbon coatings market size is likely to grow faster than the global average to exceed USD 580 Million by 2022.
Oil & gas industry was the dominant end-use segment and accounted for over 50% of the global revenue share in 2014, it is further anticipated to gain at 4.8% from 2015 to 2022. Stringent government regulations for safety & health and increasing exploration are expected to boost demand. Construction industry demand was estimated at over 35 Kilo tons in 2014, and is expected to grow at CAGR of 5.2% from 2015 to 2022 owing to increasing construction industry in China and India.
Browse Intumescent Coatings Market Size By Application (Hydrocarbons, Cellulosic), By End-Use (Construction, Oil & Gas, Automotive), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2015 - 2022 report at: https://www.gminsights.com/industry-analysis/intumescent-coatings-market-report
Key report insights suggest:
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Global Market Insights has segmented the intumescent coatings industry on the basis of application, end-use and region.
Global Intumescent Coatings Application Analysis (Volume, Kilo Tons & Revenue, USD Million; 2012 - 2022)
Global Intumescent Coatings End-Use Analysis (Volume, Kilo Tons & Revenue, USD Million; 2012 - 2022)
Global Intumescent Coatings Regional Analysis (Volume, Kilo Tons & Revenue, USD Million; 2012 - 2022)
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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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