According to Goldstein Research, global intumescent coatings market is expected to reach USD 1.16 billion by 2024, growing at a CAGR of 5.76%. Coil coating properties and passive fire components in oil and gas industry is majorly driving the growth of the market. Global intumescent coatings market segmentation has been done on the basis of technology, application, end-use industry and geography. Application of intumescent coatings is majorly in the oil and gas industry, thus having the majority share of the global intumescent coatings market. It is closely followed by construction and automobile in the application of intumescent coatings. Global [URL=https://www.goldsteinresearch.com/report/intumescent-coatings-market-industry-analysis]intumescent coatings market Research Report[/URL] is largely dominated by Asia-Pacific region with 40% market share. The high economic growth rate and heavy investments in the major industries have opened the gates for the growth of the market. North America closely follows APAC market share on the back of developed pharmaceutical industry and construction industry.
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Market Segmentation
On the basis of our in-depth analysis, Global Intumescent Coatings Market can be segmented as follows:
By Technology
o Water Based
o Solvent Based
o Epoxy Based
By Application
o Hydrocarbons
o Cellulosic
By End Use Industry
o Oil & Gas
o Construction
o Automotive
o Aerospace
By Region
o North America
o Europe
o Middle East and Africa
o Latin America
o Asia Pacific
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“Global Intumescent Coatings Market Outlook 2024” contains a detailed overview of the global intumescent coatings market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by technology, application and end-use industry.
Further, for the in-depth analysis, Global Intumescent Coatings Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as AkzoNobel, Jotun Group, Contego International Inc., etc.
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