Global Intumescent Coatings Market Forecast:
Global Intumescent Coatings Report identifies the assessable estimation of the market including Industry Analysis, Size, Share, Growth, Trends, Outlook and Forecasts for 2021-2027, present in the industry space. The report studies historical data, facts, attentive opinions, current growth factors, and market threats with competitive analysis of major Intumescent Coatings Market Players, value chain analysis, and future roadmap.
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Impact of COVID-19 on Intumescent Coatings Market
As the world grapples with one of its greatest health pandemic, the economic and social disruption has affected millions of enterprises. The revenues have gone down in the year 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition. Stratview Research throws light on in-depth insights related to rapid alterations in the key players in each industry, growth and decline due to COVID-19, etc. The researchers at Stratview Research are regularly connecting with the clients and other key players of almost all the industries, regarding the impact of COVID-19 on their businesses.
Key Players involve in this research are:
PPG Industries, Inc.
The Jotun Group
The Sherwin-Williams Company
Promat International NV
Kansai Paint Co., Ltd.
Teknos Group Oy
The 3M Company
GCP Applied Technologies
Intumescent Systems Ltd. (Envirograf)
Albi Protective Coatings
Arabian Vermiculite Industries
SKK Pte. Ltd.
Monarch Industrial Products (I) Pvt Ltd.
Gangotri Hi-Tech Coatings.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Intumescent Coatings Market value and growth drivers over the trend period of 2020-25. According to the report –
Intumescent Coatings Market is projected to grow at a healthy CAGR of 4.6% during the forecast period. Intumescent coatings are extensively used in industries, such as building & construction, industrial, and aerospace to prevent substances against heat and fire impairment. An intumescent coating plays a vital role in the event of fire by acting as a protective barrier for substrates against fire, thus providing enough time for rescue and evacuation. Rising awareness, stringent government regulations, growing importance of safety measures, and increasing demand for lightweight materials in the building & construction industry are the major factors driving the global intumescent coatings market.
Based on Substrate Type:
Based on the substrate type, the market is classified as structural and cast iron, wood, and others. The structural steel and cast-iron segments are expected to witness the highest growth during the forecast period, owing to the revival of the construction industry in North America and Europe, expanding construction sector in the Middle East and Asia-Pacific. Steel and cast iron are the predominant materials used in the construction industry.
Based on Region:
In terms of regions, Asia-Pacific is likely to depict the highest growth during the forecast period. China, Malaysia, Indonesia, South Korea, Japan, and India are the growth engines of the region’s market. Economic development in the developing economies, increasing disposable income of consumers, and rising urbanization haveled to the increase in infrastructure and building & construction projects in the region, which in turn, is driving the market for intumescent coatings. North America and Europe are the other major markets with substantial growth opportunities, owing to the revival of the construction industry in these two regions after the global subprime crises and Euro debt crises.
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What you can explore with this report-Analyse and forecast the size of Intumescent Coatings Industry market. Estimate the market shares of major segments. Showcase the development of the Intumescent Coatings Industry market in different parts of the world. Know the details about the factors affecting the growth of the Intumescent Coatings market by Country and Individual Segments. Know about different and crucial business strategies used by leading companies operating in the Intumescent Coatings market.
Customization of the Report:
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What we do:
Stratview Research is one of the leading global Market Research agencies helping client’s tract the ever-evolving market scenarios through our customized and syndicated reports. Our reports include both quantitative and qualitative market data, gathered with the help of our across-the-board and reliable secondary sources and our in-depth interviews with the key players within the market. Our market valuations, derived from primary and secondary research, keep our clients informed about major market trends, opportunities, and challenges that may help or hamper their growth prospects in the industry