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Global Intumescent Coatings Market Industry Leaders

 



(EstateNewsWire.com, October 14, 2021 ) The intumescent coatings market is projected to grow froman estimatedUSD 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 provide passive fire protection to substrates and help delay structural collapse in case of a fire.

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Investment & expansionwas the key strategy adopted by leading players to enhance their presence in the intumescent coatingsmarket between 2014and April2018. Apart from investment & expansion, leading players also adopted merger & acquisition and new product launch to enhance their market share in the intumescent coatings market.AkzoNobel (Netherlands), PPG (US), Jotun(Japan), The Sherwin-Williams Company (US), and Hempel (Denmark)are some of the leading players in the intumescent coatingsmarket.

AkzoNobel manufactures products through three business segments, namely, decorative paints, performance coatings, and specialty chemicals. The company manufactures intumescent coatings through the marine and protective coatings subsegment under the performance coatings segment.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 paintsbusiness segments. The expansion adds to the company’s organic growth momentum and provides a continuous sustainable footprint.In 2015, the company launched a new product,Chartek intumescent coating,which is used for offshore oil & gas industry. The new coating provides significant reduction in applied weight of structures.

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PPG Industries, Inc. manufactures coatings and specialty materials through its performance coatings and industrial coatings business segments. The company manufactures intumescent coatings through its performance coatings segment under the protective coatings subsegment. The intumescent coating products are marketed under STEELGUARD and PITT-CHAR brands. In July 2017, PPG acquired The Crown Group (US). The latter provides coating application services business. This acquisition helped the company integrate its coatings manufacturing with the coating application services. In addition, the companyintroduced 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 cellulosic fire.

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Source: EmailWire.Com


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