Pulished Date March, 2019
ID: 8157
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Intumescent Coatings Market By Type (Thin-Film, Thick Film), Substrates (Structural Steel & Cast Iron, Wood), End-use Industry (Building & Construction, Oil & Gas), And Region - Global Forecast (2018-2023)

Pulished: March, 2019
ID: 8157
Pages: 175

Market Overview

The Intumescent Coating market is a growing market with an average CAGR of 4.4%. As of 2018, Intumescent Coating market industry is valued at 901.2 million USD, and it is estimated to reach 1117.6 million USD by the year 2023. Asia-Pacific (APAC) region is determined to be the largest market globally in the forecast period. The growth of construction companies in China, India, and Indonesia is expected to drive the market in the APAC region.

Recent Developments

In November 2017, The Sherwin-Williams Company completed the acquisition of The Valspar Corporation. Under the terms of the merger agreement, Valspar shareholders would receive USD 113 per share in cash.

Market Drivers and Restraints


  1. Increasing awareness of fire accidents and safety measure is the key driver of Intumescent Coating Market. European and North American Governments are especially very particular about fire safety, and there are various safety codes and regulatory bodies such as The National Fire Protection Association (NFPA) and International Building Code (IBC) which regulate the fire safety regulations across the nations.
  2. Increasing preference of Lightweight materials in building and construction industries has led to an increase in demand of intumescent coating rather than the conventional cement coating. Other than being significantly lighter than the cement coating, intumescent coating exhibit better fire protection, are thinner and reduces the overall weight of structures.


  1. Lack of awareness among the builders and public in general, especially in developing countries such as China and India, about the benefits of intumescent coating restraints the market from achieving its full potential.
  2. Price sensitivity among the emerging markets like China, India, and Indonesia, etc. makes the expensive intumescent coating less preferred, and they instead choose to use less costly alternatives. 

Intumescent Coating Market Analysis

By Type:

Based on the type, the intumescent coating market is segmented into:

  1. Thin film
  2. Thick film

Thin film coating has a larger market share during the forecast period. Thin-film intumescent coatings are the most preferred type used in the building & construction industry for passive fire protection against cellulosic fires.

By Substrate:

Based on the type, the intumescent coating market is segmented into:

  1. Structural Steel and Cast Iron
  2. Wood

By Substrate, Structural Steel and Cast Iron lead the intumescent coating market, and it is projected to be the same in the forecast years. The high growth of this segment is attributed to the increase in building & construction activities that use steel, especially in the growing economies.

By End-Use Industry:

Based on the end-use industry, the intumescent coating market is segmented into:

  1. Building & Construction
  2. Oil & Gas

Oil and Gas industry dominates the intumescent coating market when segmented by end-use industry. This is due to the rising demand for energy in the APAC region. APAC countries like India, Malaysia, Indonesia, China, South Korea, and Japan are experiencing an increase in the offshore drilling activities which will boost the intumescent coating market in the oil and gas sector during the forecast period.

Intumescent Coating Market Geographical Analysis

APAC region has the largest market share by region, accounting to about 35% of the global stock in 2018 and its market share is set to increase in the forecast period. This growth is due to two factors. The first due to growth in off-shore exploration activities of APAC countries like India, Malaysia, and Indonesia. The second being due to the establishment of manufacturing facilities in the region and growth in the construction industry powered by both the local government and foreign investments.

Europe and North America come in close second and third positions respectively by global market share. Their growth is propelled by the need for intumescent coating in the aviation and aerospace sector.

Intumescent CoatingMarket Key Players

AkzoNobel (Netherlands), PPG (US), Jotun (Japan), The Sherwin-Williams Company (US), and Hempel (Denmark) are the key players in the intumescent coatings market.

Intumescent Coating Market Report Key Highlights

  • This report gives a full analysis of the Intumescent Coating Market and how it is evolving during the forecast period (2018-2023).
  • In this report, the Intumescent Coating Market has been segmented by type, substrates, end-use industries and region which would give a better understanding of where exactly the market is headed and what is driving its growth.
  • The report addresses in detail the key market challenges, drivers and restraints and how prevalent they are in a particular geographical area and time.
  • Full Porter’s Five Forces Analysis has been done for the user to get a better idea of the market and the opportunity that exists during the forecast period in the market.
  • The critical insights given in this report will help the reader in making better investment decisions through a better understanding of the market.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                           

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                              

                2.2 Research Phases                      

                                2.2.1 Secondary Research            

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling     

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                      

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                             

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                      

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market               

5. Market Segmentation                                              

                5.1 Type                              

                                5.1.1 Introduction           

                                5.1.2 Thin film  

                                5.1.3 Thick film 

                                5.1.4 Y-o-Y Growth Analysis, By Type      

                                5.1.5  Market Attractiveness Analysis, By Type   

                                5.1.6 Market Share Analysis, By Type     

                5.2 Substrate                    

                                5.2.1 Introduction           

                                5.2.2 Structural Steel & Cast Iron              

                                5.2.3 Wood        

                                5.2.4 Y-o-Y Growth Analysis, By Application         

                                5.2.5  Market Attractiveness Analysis, By Application       

                                5.2.6  Market Share Analysis, By Application        

                5.3 End-Use Industry                     

                                5.3.1 Introduction           

                                5.3.2 Building & construction     

                                5.3.3 Oil & Gas 

                                5.3.4 Y-o-Y Growth Analysis, By Application         

                                5.3.5  Market Attractiveness Analysis, By Application       

                                5.3.6  Market Share Analysis, By Application        

6. Geographical Analysis                                              

                6.1 Introduction                              

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                       By Geographical Area

                                       By Type

                                       By Substrate

                                       By End-Use Industry

                                6.1.4  Market Attractiveness Analysis     

                                       By Geographical Area

                                       By Type

                                       By Substrate

                                       By End-Use Industry

                                6.1.5  Market Share Analysis      

                                       By Geographical Area

                                       By Type

                                       By Substrate

                                       By End-Use Industry

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy           

                                6.2.6 France      

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan        

                                6.3.5 Australia  

                                6.3.6 South Korea           

                6.5 Latin America                            

                                6.4.1 Introduction           

                                6.4.2 Brazil         

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America         

                6.6 Middle East & Africa               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa        

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental      

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services

                                7.2.5 Competitive Rivalry within the Industry      

8. Market Leaders' Analysis                                        

                8.1 Athersys                      

                                8.1.1 Overview

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 AkzoNobel (Netherlands)                     

                8.3 PPG (US)                     

                8.4 Jotun (Japan)                             

                8.5 The Sherwin-Williams Company (US)               

                8.6 Hempel (Denmark)                 

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                        

                9.3 Agreements, collaborations and Joint Ventures                          

                9.4 New Product Launches                          

10. Market Outlook and Investment Opportunities                                          


                a) List of Tables                

                b) List of Figures                              

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of By Diagnostic Wearable Devices, and Therapeutic Wearable Devices along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Intumescent Coating Market Market By Region, From 2018-2023 ( USD Million )
  2. Global Intumescent Coating Market Market By Type, From 2018-2023 ( USD Million )
  3. Global Thin Film Market By Region, From 2018-2023 ( USD Million )
  4. Global Thick Film Market By Region, From 2018-2023 ( USD Million )
  5. Global Intumescent Coating Market Market By Substrate, From 2018-2023 ( USD Million )
  6. Global Structural Steel and  Cast Iron Market By Region, From 2018-2023 ( USD Million )
  7. Global Wood Market By Region, From 2018-2023 ( USD Million )
  8. Global Intumescent Coating Market Market By End-Use Industry, From 2018-2023 ( USD Million )
  9. Global Building & Construction Market By Region, From 2018-2023 ( USD Million )
  10. Global Oil & Gas Market By Region, From 2018-2023 ( USD Million )


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