Intumescent Coatings Market Size Worth Usd 1.16 Billion by 2022: Global Market Insights, Inc.

Intumescent Coatings Market Size is forecast to be worth USD 1.16 Billion by 2022, as per a new research report by Global Market Insights, Inc. Increasing applications in the energy sector coupled with stringent government regulations pertaining to health & safety standardization is likely to drive demand over the forecast period. Features such as fireproofing and heat resistance are anticipated to be among key factors to drive intumescent coatings market growth. Strong shale gas production landscape is also likely to positively impact the industry.

Browse In-depth Research Report on Global Intumescent Coatings Market with detailed charts and figures: https://www.gminsights.com/industry-analysis/intumescent-coatings-market-report

Cellulosic intumescent coatings market size was over USD 400 Million in 2014 with revenue expectation of over USD 570 Million by 2022. Growth in the construction sector and increasing demand for thin film coatings in the marine and automobile applications are expected to boost growth. Hydrocarbon coatings market size is likely to grow faster than the global average to exceed USD 580 Million by 2022.

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Oil & gas industry was the dominant end-use segment and accounted for over 50% of the global revenue share in 2014, it is further anticipated to gain at 4.8% from 2015 to 2022. Stringent government regulations for safety & health and increasing exploration are expected to boost demand. Construction industry demand was estimated at over 35 Kilo tons in 2014, and is expected to grow at CAGR of 5.2% from 2015 to 2022 owing to increasing construction industry in China and India.

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Key report insights suggest:

• Intumescent coatings market size was projected at 98.1 Kilo tons in 2014 and is forecast to reach 145.6 Kilo tons by 2022, at a CAGR of 5.1% from 2015 to...