HOME Top Market Reports Intumescent Coatings Market by Type (Thin-Film, Thick Film), Substrates (Structural Steel & Cast Iron, Wood), Application Technique (Spray, Brush & Roller), End-use Industry (Building & Construction, Industrial), and Region - Global Forecast to 2023

Intumescent Coatings Market by Type (Thin-Film, Thick Film), Substrates (Structural Steel & Cast Iron, Wood), Application Technique (Spray, Brush & Roller), End-use Industry (Building & Construction, Industrial), and Region - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: August 2018
Report Code: CH 6492

 

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The market size for intumescent coatings was valued at USD 863.2 million in 2017 and is projected to reach USD 1,110.0 million by 2023, at a CAGR of 4.3%. The base year that has been considered for this study on the intumescent coatings market is 2017, while the forecast period is between 2018 and 2023.

Objectives of the Report are as Follows:

  • To define and segment the intumescent coatings market on the basis of type, substrate, application technique, end-use industry, and region
  • To define, analyze, and forecast the market size of the intumescent coatings in terms of volume and value
  • To provide detailed information regarding the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To analyze the market segmentation and forecast the market size based on type, substrate, application technique, and end-use industry
  • To analyze and forecast the market segments on the basis of key regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America
  • To analyze opportunities in the market for stakeholders
  • To analyze competitive developments, such as expansions, new product launches, and acquisitions in the global intumescent coatings market
  • To strategically profile key players and analyze their core competencies in the global intumescent coatings market

Both, top-down and bottom-up approaches were used to estimate and validate the size of the intumescent coatings market, and to determine the sizes of various other dependent submarkets. The research involved extensive use of secondary sources, directories, and databases, such as D&B Hoovers, Bloomberg, Chemical Weekly, Factiva, and other government and private websites to identify and collect information useful for a technical, market-oriented, and commercial study of the intumescent coatings market.

Intumescent Coatings Market

To know about the assumptions considered for the study, download the pdf brochure

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

Key Target Audience:

  • Raw Material Suppliers
  • Manufacturers of Intumescent Coatings
  • Coating applicators
  • Traders, Distributors, and Suppliers of Intumescent Coatings
  • Government & Regional Agencies, Research Organizations, and Investors

Scope of the Report:

This research report categorizes the intumescent coatings market on the basis of type, substrate, application technique, end-use industry, and region.

Intumescent Coatings Market, By Type:

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

Intumescent Coatings Market, By Substrate

  • Structural Steel & Cast Iron
  • Wood
  • Others (walls, fiberglass, plasterboards, concrete)

Intumescent Coatings Market, By Application Technique

  • Brush/Roller
  • Spray

Intumescent Coatings Market, By End-use Industry

  • Building & Construction
  • Industrial
  • Others (mining, electrical & electronics, automotive)

Intumescent Coatings Market, By Region:

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

The market has been further analyzed for the key countries in each of these regions.

Drivers

Increasing awareness, regulations, and emphasis on safety measures

Increasing fire accidents result in loss of life and property and cause injuries, which have led to the implementation of various codes, regulations, and standards for fire safety and fire protection. Europe has the highest number of safety codes and regulations followed by North America. Owing to these safety codes and regulations, the consumption of intumescent coatings have increased in the recent years. The National Fire Protection Association (NFPA) and International Building Code (IBC) are the major regulatory bodies deciding the codes and standards for the fire protection products in various markets. Other than NFPA and IBC, there are also various norms implemented by several countries for building safety and fire protection, such as UL-1709 (US), UL 263/ASTM E-119 (US), JIS A 1304 (Japan), and ISO R-834 (France). American Bureau of Shipping (ABS) is another agency, which provides safety standards for the marine industry.

Increasing preference for lightweight materials in the building & construction industry

Lightweighting is one of the key focus areas of the building & construction industry. The use of cementitious coatings increases the overall weight of the structures, thereby resulting in the need for installation of additional supports. This would, in turn, increase the overall cost of the projects. Therefore, intumescent coatings are advantageous over their substitutes, as they are thinner, exhibit better passive fire protection properties, and also significantly reduce the overall weight of the structures and substrates.

Restraints

Use of low cost alternatives and lack of awareness in developing economies

The intumescent coatings market is still emerging in some developing economies, as active fire protection techniques are still prevalent. The small builders and property/factory owners in these economies are still unaware of intumescent coatings, and its benefits and usage. Also, consumers in emerging economies, such as China, India, and Thailand are very price-sensitive, which results in the use of low cost substitutes.

The high price of intumescent coatings makes them less preferred in these markets. Hence, people are using low cost methods of fire protection, but they do not provide the desired level of performance and reliability. For instance, the use of cementitious coatings leads to cracking, spalling, and loss of adhesion. Hence, various awareness programs, for instance, seminars, can be conducted by fire safety departments, agencies, and intumescent coatings manufacturers to spread awareness about these coatings in these markets.

Available Customizations:

Along with the market data, MarketsandMarkets offers customizations according to the specific needs of the companies. The following customization options are available for the report:

Regional Analysis:

  • A further breakdown of the regional intumescent coatings market into key countries

Company Information:

  • Detailed analysis and profiles of additional market players

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company


Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Intumescent Coatings Market Segmentation
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Unit Considered
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Key Data From Primary Sources
           2.3.2 Breakdown of Primary Interviews
    2.4 Market Size Estimation
           2.4.1 Bottom-Up Approach
           2.4.2 Top-Down Approach
    2.5 Data Triangulation
    2.6 Research Assumptions

3 Executive Summary (Page No. - 23)

4 Premium Insights (Page No. - 27)
    4.1 Significant Opportunities in the Intumescent Coatings Market
    4.2 Intumescent Coatings Market, By Application Technique
    4.3 Ntumescent Coatings Market, By Type and By Region
    4.4 Intumescent Coatings Market, By End-Use Industry

5 Market Overview (Page No. - 29)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Awareness, Regulations, and Emphasis on Safety Measures
                    5.2.1.2 Increasing Preference for Lightweight Materials in the Building & Construction Industry
           5.2.2 Restraints
                    5.2.2.1 Use of Low Cost Alternatives and Lack of Awareness in Developing Economies
           5.2.3 Opportunities
                    5.2.3.1 Increasing Urbanization and Growing Building & Construction Industry
           5.2.4 Challenges
                    5.2.4.1 Concerns Related to the Coating Application and Durability
    5.3 Porter’s Five Forces Analysis
           5.3.1 Threat of New Entrants
           5.3.2 Threat of Substitutes
           5.3.3 Bargaining Power of Suppliers
           5.3.4 Bargaining Power of Buyers
           5.3.5 Intensity of Competitive Rivalry
    5.4 Macroeconomic Indicators
           5.4.1 Gdp Growth Rate Forecast of Major Economies

6 Intumescent Coatings Market, By Type (Page No. - 35)
    6.1 Introduction
    6.2 Thin-Film Intumescent Coatings
           6.2.1 Water-Based Thin-Film Intumescent Coatings
           6.2.2 Solvent-Based Thin-Film Intumescent Coatings
    6.3 Thick-Film Intumescent Coatings

7 Intumescent Coatings Market, By Substrate (Page No. - 40)
    7.1 Introduction
    7.2 Structural Steel & Cast Iron
    7.3 Wood
    7.4 Others

8 Intumescent Coatings Market, By Application Technique (Page No. - 43)
    8.1 Introduction
    8.2 Spray
    8.3 Brush & Roller

9 Intumescent Coatings Market, By End-Use Industry (Page No. - 46)
    9.1 Introduction
    9.2 Building & Construction
    9.3 Industrial
    9.4 Aerospace
    9.5 Others

10 Intumescent Coatings Market, By Region (Page No. - 53)
     10.1 Introduction
     10.2 North America
             10.2.1 US
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 UK
             10.3.2 France
             10.3.3 Germany
             10.3.4 Italy
             10.3.5 Rest of Europe
     10.4 APAC
             10.4.1 China
             10.4.2 Japan
             10.4.3 India
             10.4.4 South Korea
             10.4.5 Rest of APAC
     10.5 MEA
             10.5.1 Saudi Arabia
             10.5.2 UAE
             10.5.3 South Africa
             10.5.4 Rest of MEA
     10.6 South America
             10.6.1 Brazil
             10.6.2 Argentina
             10.6.3 Rest of South America

11 Competitive Landscape (Page No. - 89)
     11.1 Overview
     11.2 Competitive Scenario
             11.2.1 Investment & Expansion
             11.2.2 Merger & Acquisition
             11.2.3 New Product Launch
     11.3 Market Ranking

12 Company Profiles (Page No. - 93)
     12.1 Akzonobel
     12.2 PPG
     12.3 Jotun
     12.4 The Sherwin-Williams Company
     12.5 Hempel
     12.6 Promat International
     12.7 Kansai Paint
     12.8 Teknos Group
     12.9 Carboline
     12.10 3M
     12.11 Nullifire
     12.12 Other Key Players in the Intumescent Coatings Market
             12.12.1 Sika AG
             12.12.2 BASF SE
             12.12.3 Contego International, Inc.
             12.12.4 Isolatek International
             12.12.5 GCP Applied Technologies Inc.
             12.12.6 Intumescent Systems Ltd. (Envirograf)
             12.12.7 Albi Manufacturing
             12.12.8 Arabian Vermiculite Industries
             12.12.9 Bollom Fire Protection
             12.12.10 No-Burn, Inc.
             12.12.11 SKK Pte. Ltd.,
             12.12.12 Demilec USA, Inc.
             12.12.13 Monarch Industrial Products (I) Pvt Ltd.
             12.12.14 Gangotri Hi-Tech Coatings

13 Appendix (Page No. - 120)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Available Customizations
     13.4 Related Reports
     13.5 Author Details


List of Tables (97 Tables)

Table 1 Trends and Forecast of GDP Growth Rates Between 2016 and 2023
Table 2 General Specification for Intumescent Coatings
Table 3 Intumescent Coatings Market Size, By Type, 2016–2023 (Ton)
Table 4 Intumescent Coatings Market Size, By Type, 2016–2023 (USD Million)
Table 5 Thin-Film Intumescent Coatings Market Size, By Region, 2015–2023 (Ton)
Table 6 Thin-Film Intumescent Coatings Market Size, By Region, 2015–2023 (USD Million)
Table 7 Thick-Film Intumescent Coatings Market Size, By Region, 2015–2023 (Ton)
Table 8 Thick-Film Intumescent Coatings Market Size, By Region, 2016–2023 (USD Million)
Table 9 Intumescent Coatings Market Size, By Substrate, 2016–2023 (Ton)
Table 10 Intumescent Coatings Market Size, By Substrate, 2016–2023 (USD Million)
Table 11 Intumescent Coatings Market Size, By Application Technique, 2016–2023 (Ton)
Table 12 Intumescent Coatings Market Size, By Application Technique, 2016–2023 (USD Million)
Table 13 Intumescent Coatings Market Size, By End-Use Industry, 2016–2023 (Ton)
Table 14 Intumescent Coatings Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 15 Intumescent Coatings Market Size in Building & Construction, By Region, 2016–2023 (Ton)
Table 16 Intumescent Coatings Market Size in Building & Construction, By Region, 2016–2023 (USD Million)
Table 17 Intumescent Coatings Market Size in Industrial Segment, By Region, 2016–2023 (Ton)
Table 18 Intumescent Coatings Market Size in Industrial Segment, By Region, 2016–2023 (USD Million)
Table 19 Intumescent Coatings Market Size in Aerospace, By Region, 2016–2023 (Ton)
Table 20 Intumescent Coatings Market Size in Aerospace, By Region, 2016–2023 (USD Million)
Table 21 Intumescent Coatings Market Size in Other End-Use Industries, By Region, 2016–2023 (Ton)
Table 22 Intumescent Coatings Market Size in Other End-Use Industries, By Region, 2016–2023 (USD Million)
Table 23 Intumescent Coatings Market Size, By Region, 2016–2023 (Ton)
Table 24 Intumescent Coatings Market Size, By Region, 2016–2023 (USD Million)
Table 25 North America: By Market Size, By Country, 2016–2023 (Ton)
Table 26 North America: By Market Size, By Country, 2016–2023 (USD Million)
Table 27 North America: By Market Size, By Type, 2016–2023 (Ton)
Table 28 North America: By Market Size, By Type, 2016–2023 (USD Million)
Table 29 North America: By Market Size, By End-Use Industry, 2016–2023 (Ton)
Table 30 North America: By Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 31 US: Intumescent Coatings Market Size, By End-Use Industry, 2016–2023 (Ton)
Table 32 US: Intumescent Coatings Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 33 Canada: By Market Size, By End-Use Industry, 2016–2023 (Ton)
Table 34 Canada: By Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 35 Mexico: By Market Size, By End-Use Industry, 2016–2023 (Ton)
Table 36 Mexico: By Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 37 Europe: By Market Size, By Country, 2016–2023 (Ton)
Table 38 Europe: By Market Size, By Country, 2016–2023 (USD Million)
Table 39 Europe: By Market Size, By Type, 2016–2023 (Ton)
Table 40 Europe: By Market Size, By Type, 2016–2023 (USD Million)
Table 41 Europe: By Market Size , By End-Use Industry, 2016–2023 (Ton)
Table 42 Europe: By Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 43 UK: By Market Size, By End-Use Industry, 2016–2023 (Ton)
Table 44 UK: By Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 45 France: By Market Size, By End-Use Industry, 2016–2023 (Ton)
Table 46 France: By Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 47 Germany: By Market Size, By End-Use Industry, 2016–2023 (Ton)
Table 48 Germany: By Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 49 Italy: By Market Size, By End-Use Industry, 2016–2023 (Ton)
Table 50 Italy: By Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 51 Rest of Europe: By Market Size, By End-Use Industry, 2016–2023 (Ton)
Table 52 Rest of Europe: By Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 53 APAC: By Market Size, By Country, 2016–2023 (Ton)
Table 54 APAC: By Market Size, By Country, 2016–2023 (USD Million)
Table 55 APAC: By Market Size , By Type, 2016–2023 (Ton)
Table 56 APAC: By Market Size , By Type, 2016–2023 (USD Million)
Table 57 APAC: By Market Size , By End-Use Industry, 2016–2023 (Ton)
Table 58 APAC: By Market Size , By End-Use Industry , 2016–2023 (USD Million)
Table 59 China: By Market Size, By End-Use Industry, 2016–2023 (Ton)
Table 60 China: By Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 61 Japan: By Market Size, By End-Use Industry, 2016–2023 (Ton)
Table 62 Japan: By Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 63 India: By Market Size, By End-Use Industry, 2016–2023 (Ton)
Table 64 India: By Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 65 South Korea: By Market Size, By End-Use Industry, 2016–2023 (Ton)
Table 66 South Korea: By Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 67 Rest of APAC: By Market Size, By End-Use Industry, 2016–2023 (Ton)
Table 68 Rest of APAC: By Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 69 MEA: By Market Size, By Country, 2016–2023 (Ton)
Table 70 MEA: By Market Size, By Country, 2016–2023 (USD Million)
Table 71 MEA: By Market Size, By Type, 2016–2023 (Ton)
Table 72 MEA: By Market Size, By Type, 2016–2023 (USD Million)
Table 73 MEA: By Market Size , By End-Use Industry, 2016–2023 (Ton)
Table 74 MEA: By Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 75 Saudi Arabia: By Market Size, By End-Use Industry, 2016–2023 (Ton)
Table 76 Saudi Arabia: By Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 77 UAE: By Market Size, By End-Use Industry, 2016–2023 (Ton)
Table 78 UAE: By Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 79 South Africa: By Market Size, By End-Use Industry, 2016–2023 (Ton)
Table 80 South Africa: By Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 81 Rest of MEA: By Market Size, By End-Use Industry, 2016–2023 (Ton)
Table 82 Rest of MEA: By Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 83 South America: By Market Size, By Country, 2016–2023 (Ton)
Table 84 South America: By Market Size, By Country, 2016–2023 (USD Million)
Table 85 South America: By Market Size, By Type, 2016–2023 (Ton)
Table 86 South America: By Market Size, By Type, 2016–2023 (USD Million)
Table 87 South America: By Market Size, By End-Use Industry, 2016–2023 (Ton)
Table 88 South America: By Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 89 Brazil: By Market Size, By End-Use Industry, 2016–2023 (Ton)
Table 90 Brazil: By Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 91 Argentina: By Market Size, By End-Use Industry, 2016–2023 (Ton)
Table 92 Argentina: By Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 93 Rest of South America: By Market Size, By End-Use Industry, 2016–2023 (Ton)
Table 94 Rest of South America: By Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 95 Investment & Expansion, 2014–2018
Table 96 Merger & Acquisition, 2014–2018
Table 97 New Product Launch, 2014–2018


List of Figures (31 Figures)

Figure 1 Intumescent Coatings Market: Research Design
Figure 2 Market Size Estimation: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Intumescent Coatings Market: Data Triangulation
Figure 5 Thin-Film Intumescent Coatings to Lead the Market
Figure 6 Spray Application Technique to Dominate the Intumescent Coatings Market
Figure 7 Structural Steel & Cast Iron is the Most Coated Substrate
Figure 8 Building & Construction Industry to Lead the Intumescent Coatings Market
Figure 9 APAC Accounted for the Largest Share of Intumescent Coatings Market
Figure 10 APAC and MEA to Offer Lucrative Growth Opportunities to Industry Players in the Intumescent Coatings Market
Figure 11 Spray Technique to Dominate the Intumescent Coatings Market
Figure 12 Thin-Film to Be the Most Widely Used Type in the Intumescent Coatings Market
Figure 13 Industrial to Be the Largest End-Use Industry Segment
Figure 14 Overview of Factors Governing the Growth of the Intumescent Coatings Market
Figure 15 Porter’s Five Forces Analysis: Intumescent Coatings Market
Figure 16 Thin-Film Coatings to Lead the Intumescent Coatings Market During the Forecast Period
Figure 17 Structural Steel & Cast Iron to Dominate the Intumescent Coatings Market
Figure 18 Spray Technique to Dominate the Intumescent Coatings Market
Figure 19 Building & Construction and Industrial to Remain the Major End-Use Industries
Figure 20 Saudi Arabia is Projected to Register the Highest CAGR During the Forecast Period
Figure 21 North America: Intumescent Coatings Market Snapshot
Figure 22 Europe: Intumescent Coatings Market Snapshot
Figure 23 APAC: Intumescent Coatings Market Snapshot
Figure 24 Companies Adopted Investment & Expansion as the Key Growth Strategy Between 2014 and 2018
Figure 25 Akzonobel: Company Snapshot
Figure 26 PPG: Company Snapshot
Figure 27 Jotun: Company Snapshot
Figure 28 The Sherwin-Williams Company: Company Snapshot
Figure 29 Hempel: Company Snapshot
Figure 30 Kansai Paint: Company Snapshot
Figure 31 3M: Company Snapshot

The intumescent coatings market is projected to grow from an estimated USD 900.1 million in 2018 to USD 1,110.0 million by 2023, at a CAGR of 4.3% from 2018 to 2023. Intumescent coatings are used for passive fire protection in end-use industry segments, such as building & construction, industrial, and aerospace. Intumescent coatings act as a protective barrier for substrates against fire to provide rescue and evacuation time in the event of a fire. Increasing awareness, regulations, and emphasis regarding the safety measures for the building & construction industry as well as the increasing preference for lightweight materials in the building & construction industry are driving the market for intumescent coatings.

The intumescent coatings market is segmented by type, substrate, application technique, end-use industry, and region. By type, the thin-film intumescent coatings segment is projected to lead the intumescent coatings market during the forecast period, in terms of value. Thin-film intumescent coatings are the most preferred type used in the building & construction industry for passive fire protection against cellulosic fires.

By substrate, the structural steel & cast iron segment is projected to grow at the highest CAGR between 2018 and 2023. The high growth of this segment is attributed to the increase in building & construction activities that use steel.

Intumescent Coatings Market

The intumescent coatings market in Asia Pacific is estimated to be the largest globally. Establishment of manufacturing facilities in the region and growth in the construction industry in countries such as China, India, and Indonesia is expected to drive the demand for intumescent coatings in the region,

Use of low-cost alternatives in developing economies is restraining the intumescent coatings market globally. Urbanization and increasing building & construction activities offer growth opportunities to the intumescent coatings market.

Key players in the intumescent coatings market include AkzoNobel (Netherlands), PPG (US), Jotun (Japan), The Sherwin-Williams Company (US), and Hempel (Denmark). These companies have adopted various strategies, such as expansions, new product launches, and acquisitions to enhance their market shares and expand their distribution networks across the globe. These companies majorly engage in expansions to further increase their market shares. For instance, in May 2017, AkzoNobel opened its new performance coatings facility in Chonburi, Thailand. The new plant is expected to manufacture products for the company’s performance coatings and decorative paints business segments. The expansion adds to the company’s organic growth momentum and provides a continuous sustainable footprint.

Opportunities

Increasing urbanization and growing building & construction industry

Increasing urbanization is one of the key opportunities for the growth of the intumescent coatings market. According to the United Nations, about 55.0% of the global population is living in urban areas as of 2018. The share is expected to increase to 68.0%, by 2050. There is expected to be fast-growing urbanization in emerging economies during the forecast period. India, China, and Nigeria, together are forecast to account for nearly 35.0% of the world’s urban population between 2018 and 2050. This would result in the development of urban areas through developmental projects, which would consume intumescent coatings.

Challenges

Concerns related to the coating application and durability

Prolonged exposure of the intumescent coatings to harsh environments alters the coating properties, resulting in the orange-peel effect, which is a major issue relating to the use of these coatings. In addition, improper application and pre-application surface treatments result in sagging of the coatings on the substrates. Furthermore, when in contact with fire, the coatings swell up, forming a charred layer. This emits smoke, which can affect the visibility of the people trying to evacuate a certain area. The key industry players in the intumescent coatings market are focusing on developing intumescent coatings that provide protection against fire, generate less smoke, and have thinner film and good aesthetic properties. The development in these areas will boost the global market of intumescent coatings.

Investment & Expansion

Date

Company Name

Description

June 2017

Hempel

Hempel invested in an R&D center solely for fire protection coatings in Spain. This expansion will help the company to understand the needs and demand of the customers in Europe as it is a growing hub for passive fire protection coatings and to expand its range of life-saving fire protection coatings.

May 2017

AkzoNobel

AkzoNobel opened its new performance coatings facility in Chonburi, Thailand. The new plant is expected to manufacture products for performance coatings and decorative paints business segments. These products include intumescent coatings. This expansion adds to the company’s organic growth momentum and provides a continuous sustainable footprint.

Merger & Acquisition

Month

Company Name

Description

July 2017

PPG

PPG announced plans to acquire The Crown Group (US), which provides coating application services business. This acquisition has helped the company to integrate its coatings manufacturing with the coatings application services.

February 2017

Kansai Paints

Kansai Paints completed the acquisition of Helios Coatings Group. This has increased the company’s presence in Europe. The Helios company caters to the R&D center for Kansai in Europe.

New Product Launch

Month

Company Name

Description

June 2016

PPG

PPG introduced STEELGUARD 601 and STEELGUARD 651 intumescent coatings. These are waterborne, thin-film coatings, which can provide passive fire protection up to 120 minutes in the event of a cellulosic fire.

March 2016

Jotun

Jotun launched its new mesh-free epoxy passive fire protection coating (intumescent coatings) Jotachar JF750. The coating is developed specifically for the hydrocarbon processing & energy industries.

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