Intumescent Coatings Market Size was valued at USD 0.83 billion in 2023. The intumescent coatings market industry is projected to grow from USD 0.87 Billion in 2024 to USD 1.10 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.04% during the forecast period (2024 - 2032). Increasing awareness, legislation, and attention on safety measures, as well as the increase of wood materials and flooring, are the key market drivers enhancing the
market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Rising demand for energy, shale gas, tight gas, and coal bed methane (CBM) as a result of the maturation of the conventional oil & gas resources industry is expected to be a major growth driver for the intumescent coatings market CAGR. Increased investments in the maintenance and repair of oil and gas drilling equipment and platforms are also predicted to fuel demand for intumescent coatings. Furthermore, growing shale gas exploration costs in the United States are expected to drive product demand during the next seven years.
Furthermore, it has a faster drying time, a high build capacity and resistance to moisture, good weather ability, and lowered overcoating intervals. Widespread usage of water-based coatings in construction and infrastructure for cellulosic applications such as paper, wood, and textiles. Water-based intumescent coatings are less expensive and release less chemical odour, which increases demand for the product.
Moreover, high product demand in the oil and gas industry is likely to drive market expansion, owing to stringent regulations and an increase in exploration operations around the world. Furthermore, demand from the construction industry is expected to boost market growth over the projection period. In the oil and gas business, intumescent coatings are used to protect onshore and offshore steel structures against fire at temperatures above 1,100°C. They are also used to protect structural steel from moisture and chemicals, which can cause it to become brittle. These coatings defend against pool and jet fires. Rising energy consumption is expected to fuel the oil and gas industry throughout the projected period, driving demand for intumescent coating market revenue..
The intumescent coatings market is divided into three main categories: water-based, solvent-based, and epoxy-based. The epoxy-based category dominated the market, accounting for more than 58% of revenue in 2022. Epoxy-based intumescent coatings provide excellent passive fire protection by functioning as an insulation barrier in the event of a fire. When subjected to high temperatures, these coatings form a thick layer of char, which increases insulation in the event of a fire.
The intumescent coatings market segmentation, based on application, includes hydrocarbon and cellulosic. The cellulosic category led the market in 2022, accounting for more than 55% of worldwide revenue. By providing heat resistant layers, cellulosic intumescent coatings are primarily utilized in the construction industry to protect unprotected steel structures and ease escape during fire incidents. The rising demand for intumescent coatings in the construction industry, particularly in industrial and commercial structures, is likely to drive market expansion.
Figure1: Intumescent Coatings Market, by Application, 2022&2032(USD billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The intumescent coatings market segmentation, based on end-user, includes building & construction, automotive & transportation, oil & gas, aerospace. In 2022, the oil and gas end-use segment dominated the market, accounting for more over 43% of worldwide revenue. Rising investments in exploration activities, deep-water projects, marginal fields, and refining capacity expansion are likely to drive product demand in this segment. Furthermore, rising government attention on adhering to rigorous fire safety laws and increased exploration activities in the industry are likely to boost market expansion over the forecast period.
By Region, the study provides the market insights into North America, Europe, Asia-Pacific and the Rest of the World. Asia Pacific dominated the intumescent coatings market in 2022, accounting for more than 34% of worldwide revenue. The existence of numerous end customers, accessibility to raw material suppliers, and rising industrialization and urbanization, particularly in India and China, are expected to enhance demand for intumescent coatings in the region.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2: INTUMESCENT COATINGS MARKET SHARE BY REGION 2022 (%) 
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe’s intumescent coatings market accounts for the second-largest market share due to rapidly growing automotive industry and increasing re-construction activities in countries in the region. Further, the German intumescent coatings market held the largest market share, and the UK intumescent coatings market was the fastest-growing market in the European region
The North America Intumescent Coatings Market is expected to grow at the fastest CAGR from 2023 to 2032. This is because of the region's well-established coatings sector and the presence of a large number of key companies in end-use industries such as construction, automotive, aerospace, oil and gas, and so on. Moreover, China’s intumescent coatings market held the largest market share, and the Indian intumescent coatings market was the fastest-growing market in the North American region.
Leading market players are investing heavily in R&D to expand their product lines, which will help the intumescent coatings market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, intumescent coatings industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the intumescent coatings industry to benefit clients and increase the market sector. In recent years, the intumescent coatings industry has offered some of the most significant advantages to medicine. Major players in the intumescent coatings market, including Carboline, Albi Protective Coatings, Isolatek International; Rudolf Hensel GmbH, PPG Industries Inc., 3M, Sika AG, Tor Coatings and others, are attempting to increase market demand by investing in R&D operations.
Akzo Nobel N.V. is a Dutch multinational corporation that manufactures paints and performance coatings for both industry and customers across the world. The corporation, headquartered in Amsterdam, operates in over 150 countries. After Sherwin-Williams and PPG Industries, AkzoNobel is the world's third-largest paint manufacturer by revenue. AkzoNobel has a long history of acquisitions and divestitures. Parts of the existing corporation can be dated back to the 17th century.The establishment of AKZO in 1969, the merger with Nobel Industries in 1994 to form Akzo Nobel, and the divestment of its pharmaceutical business and merging with ICI in 2007/2008 to form current-day AkzoNobel are the landmark mergers and divestments. In May 2019, AkzoNobel has launched a new performance coating facility in Thailand. The plant will produce intumescent coatings, performance coatings, and ornamental paints. The new plant will contribute to the company's expansion.
PPG Industries, Inc. is a Fortune 500 corporation based in the United States that is a supplier of paints, coatings, and speciality materials. PPG is headquartered in Pittsburgh, Pennsylvania, and operates in over 70 countries across the world. It is the world's largest coatings company by revenue, followed by AkzoNobel. It is based in PPG Place, a downtown Pittsburgh office and retail complex notable for its glass exterior designed by Postmodern architect Philip Johnson. Captain John Baptiste Ford and John Pitcairn, Jr. created the Pittsburgh Plate Glass Company in Creighton, Pennsylvania, in 1883. In July 2019, The Crown Group, which provides coating application services, was acquired by PG. PPG has been able to merge coatings manufacturing and application services thanks to the acquisition.
Kansai Paint
Teknos Group
3М
Carboline
Nullifire
Sika AG
In March 2024, Sherwin-Williams released its thin-film intumescent fire protection coatings known as FIRETEX FX7002 for On-site applications.
In December 2023, Hempel announced a new software released called HEET Dynamic. The software is intended to ease intumescent estimations of steel sections for estimators and structural engineers in a faster and accurate manner.
In 2023, Jotun AS, a norwegian paints and coatings manufacturer revealed that in conjunction with the chemical and corrosion rescue, it has developed Jotachar Ultra 300, an intumescent water based coating that provides fire retardant properties for ninety minutes on structural steel that is aimed to be used in the marine industry.
In February 2023, PPG STEELGUARD 951 was announced by PPG. This marks the very beginning of epoxy intumescent fire coatings to be used on modern architectural steel with a fire rating of up to three cellulosic hours.
In December 2022, AkzoNobel announced the full acquisition of Lankwitzer Lackfabrik liquid coatings.
In October 2022, Nullifire entered into a partnership with CCF to grow its network of regional distributors across the UK construction industry.
In September 2022, the MegaGloss Metallic topcoat was launched by Jotun Yachting.
In September 2022, PPG Industries, Inc. made its announcement about launching a brand-new PPG PITT-CHAR NX intumescent coating designed to add on the attributes of weight and thickness in onshore and offshore conditions. This product is forecasted to enhance value for the users.
In March 2021, Akzo Nobel, in conjunction with QLayers, acquired some of the former’s industrial coating portion due to their participation in the collaborative ecosystem that helped paint the future. This same initiative aided them in bringing substantial change in the industrial coating sector.
In March 2021, Hempel A/S opened a new research, and a development tool, that will enable them to significantly expand their reach with experts in the field.
Water-Based
Solvent Based
Epoxy Based
Hydrocarbon
Cellulosic
Building & Construction
Automotive & Transportation
Oil & Gas
Aerospace
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 0.83 billion |
| Market Size 2024 | USD 0.87 billion |
| Market Size 2032 | USD 1.10 billion |
| Compound Annual Growth Rate (CAGR) | 3.04% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Technology, Application, End-User, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Akzo Nobel N.V, Jotun; Contego International Inc., Hempel A/S; No-Burn Inc, Nullifire, The Sherwin-Williams Company, Carboline, Albi Protective Coatings, Isolatek International; Rudolf Hensel GmbH, PPG Industries Inc., 3M, Sika AG, Tor Coatings. |
| Key Market Opportunities | The Rising Awareness Will Bring In New Opportunities. |
| Key Market Dynamics | Growing building and construction industry Increased exploration. |
Intumescent Coatings Market Highlights:
Frequently Asked Questions (FAQ) :
The intumescent coatings market size was valued at USD 0.83 Billion in 2023
The market is projected to grow at a CAGR of 3.04% during the forecast period, 2024-2032
Asia Pacific had the largest share in the market
The key players in the market are Carboline, Albi Protective Coatings, Isolatek International; Rudolf Hensel GmbH, PPG Industries Inc., 3M, Sika AG, Tor Coatings
The oil and gas intumescent coatings category dominated the market in 2023
The cellulosic had the largest share in the market
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Senior Research Analyst With an experience of over five years in market research industry (chemicals & materials domain), i gather and analyze market data from diverse sources to produce results, which are then presented back to a client. also, provide recommendations based on the findings. as a senior research analyst, i perform quality checks (qc) for market estimations, qc for reports, and handle queries and work extensively on client customizations. also, handle the responsibilities of client proposals, report planning, report finalization, and execution
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