Intumescent Coatings Market

Global Intumescent Coatings Market Size (2024 to 2029)

The Intumescent Coatings Market size was $ 3.1 billion in 2024 and is expected to reach $ 4.25 billion by 2029, at a compound annual rate of 6.5%, between 2024 to 2029

Current Scenario of the Global Intumescent Coatings Market

APAC has represented the majority of the intumescent coatings market worldwide. Increased investment in shale gas exploration, as well as growing demand for advanced thin and thin-film coatings, are expected to stimulate the global intumescent coatings market. Industry players are quickly funding R&D and capitalizing on the latest trends in durability and safety, escalating the employment of intumescent coatings. The intumescent is a substance that swells on contact with exposure to heat; Therefore, it expands in volume and decreases in density. The coating undergoes a thermochemical reaction when it comes into contact with high temperatures, resulting in thermal protection of the surface. Intumescent coatings play an essential role in the fire protection of structural elements. Intumescent coatings can protect different types of structural parts, in particular columns, beams, and hollow sections depending on the shape. Fire resistance depends completely on the kind of intumescent coating being used. Intumescent coatings can cover a vast range of structural sections, involving universal beams, hollow rectangular and circular sections, and also concrete-filled tubes.

MARKET DRIVERS AND RESTRAINTS

Lightness is one of the main areas of intervention in the construction and construction industry. The use of cement coatings increases the total weight of the structures, which causes the need to install additional supports. This, in turn, would increase the total cost of the projects. Hence, intumescent coatings are beneficial over their alternatives because they are thinner, have better passive fire protection features, and also highly decrease the overall weight of structures and substrates. The intumescent coatings market is still rising in some growing economies, as active fire protection techniques are still widespread. Small builders and property/industry owners in these regions are still not very much aware of intumescent coatings, their benefits, and their employment in the industry. Furthermore, consumers in emerging economies, such as China, India, and Thailand, are very price-sensitive, resulting in the use of low-cost substitutes.

The high cost of intumescent coatings makes them less preferred in these industries. As a result, people use low-cost fire protection methods, but they do not offer the desired level of performance and reliability. For example, the use of cementitious coatings leads to cracks, pitting, and loss of adhesion. Therefore, fire safety services, agencies and manufacturers of intumescent coatings can organize various awareness programs, for example, seminars, to advertise these coatings in these markets. The increasing urbanization is one of the main growth opportunities in the intumescent coatings market. Urbanization is expected to grow rapidly in emerging economies during the forecast period.

This would lead to the development of urban areas through advancement projects, which would consume intumescent coatings. Prolonged exposure of intumescent coatings to hostile environments changes the properties of the coating, resulting in the effect of orange peel, which is a major problem associated with the use of these coatings. In addition, improper application and pre-application surface treatments cause coatings to sag on substrates. In addition, in contact with fire, the coatings swell and form a charred layer. This emits smoke, which can affect the visibility of people trying to evacuate a specific area. Significant business players in the intumescent coatings industry are stressing the advancement of intumescent coatings that give fire protection, emit less smoke, have a finer film, and have good aesthetic features. Development in these areas will drive the global intumescent coatings market.

REPORT COVERAGE

DETAILED SEGMENTATION OF THE GLOBAL INTUMESCENT COATINGS MARKET INCLUDED IN THIS REPORT

This research report on the global intumescent coatings market has been segmented and sub-segmented based on type, substrate, application, and region.

Global Intumescent Coatings Market By Type

• Thin-film Intumescent Coatings
• Thick-film Intumescent Coatings

Intumescent thin film coatings accounted for the largest global intumescent coatings market in value terms in 2020. These coatings include solvent and water-based types.

Global Intumescent Coatings Market By Substrate

• Structural Steel & Cast Iron
• Wood
• Others

The steel and cast iron substrates sector accounted for the biggest share of the intumescent coatings industry in the year 2020. Intumescent coatings are applied to structural steel and cast iron structures to boost the time they lose their structural integrity, leading to the melting of the substrate.

Global Intumescent Coatings Market By Application 

• Brush or roller
• Spray

The construction and construction sector is expected to account for the largest share of the intumescent coatings market in 2018, closely followed by the industrial segment, in terms of value.

REGIONAL ANALYSIS

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

APAC accounted for the biggest share of the intumescent coatings industry in 2023.

China accounted for the largest share of the consumption of intumescent coatings in the APAC region. Increasing demand from the construction and construction industry and the creation of new manufacturing facilities in the region are expected to stimulate market demand for intumescent coatings in the region. Asia Pacific is the most important industry due to intumescent coatings due to increasing industrialization and the advancement of infrastructure in India and Indonesia. In addition, Europe is expected to post steady growth due to increased construction in Eastern Europe. North America has been very much stressing advancing biobased solutions for the industry of intumescent coatings; Therefore, it must evolve in a positive way.

KEY MARKET PLAYERS

AkzoNobel, Carboline, Sherwin-Williams, Contego International, Hempel Marine Paints, No-Burn Inc., Benjamin Moore & Co., Albi Manufacturing, Flame Control,3M, Leighs Paints, and Rudolf Hensel, Rodda Paints, Miller Paint Co., and Axalta Coatings Systems.

RECENT HAPPENINGS IN THE MARKET

• Intumescent coatings are estimated to record escalated calls for oil and gas from construction businesses. Intumescent coatings, also called intumescent paints, are one of the simplest and most effective ways of protecting the load-bearing elements of buildings and other structures against fire.
• New water-based binder for intumescent thin-film coatings. In recent years, intumescent thin film coatings have become the preferred selection for shielding structural steel. This is the output of its ability to offer a price-effective passive fire protection solution while retaining the aesthetic qualities of steel that are highly called by architects and engineers.