Intumescent Coatings Market will grow at 4% CAGR to cross USD 1 Bn by 2024
OCEAN VIEW, Del., Sept. 1, 2017 /PRNewswire-iReach/ -- Global intumescent coatings market share for construction is forecast to expand more than 5% CAGR over the projected timeframe. Robust growth in the construction industry on account to elevating government investment for upgrading their infrastructure has substantially driven the overall industry growth.
Strong growth indicators in the construction industry is analyzed to be the prime factor propelling the global intumescent coatings market size by 2024. These coatings are extensively used in the civil structures due to swelling characteristics on contact with high temperature, where product volume increases and density subsides. This product characteristic makes it appropriate for fireproofing applications in the construction business. In 2015, the overall construction expenditure across the globe was roughly around USD 7 and is likely to surpass 13 trillion by 2024.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/357
The industry is likely to experience significant growth over the projected time frame. This growth is attributed to wide reaching use in automotive and construction applications. Furthermore, escalating demand for fire protection in construction, oil & gas, and steel sectors is anticipated to impel intumescent coatings industry growth. In addition to this, properties including aesthetic appeal and durability make them a preferred option in construction and automotive application. Growing demand of Cellulosic coatings in automotive segment is likely to influence the global market positively owing to its multiple features.
The oil and gas industry is likely to continue its dominance in the end use segment with revenue forecast surpassing USD 588 million in thenext six years. Strict regulations to maximize human safety by implementing fire protection systems in buildings and increasing awareness about safety is anticipated to further demand, projected at more than 57 kilotons during the forecast time frame.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/357
Asia Pacific is the largest regional market in the industry. Increasing industrialization, together with growing construction activities mainly in Vietnam, India and Bangladesh is poised to boost regional consumption. Asia Pacific is likely to continue its dominance, owing to strong infrastructure expenditure. Furthermore, rising industrialization and growing awareness about fire safety is anticipated to witness a drive in use during the projected period. U.S. intumescent coatings market share is likely to hit USD 143.7 million in next six years with prospective opportunity from the aerospace industry. Furthermore, LATAM and MEA are expected to propose noteworthy potential opportunity for industry participants during the projected time frame.
The report lists key participants in the industry, including Jotun, Sherwin-Williams, Akzo Nobel, Carboline, and Hempel.
Browse key industry insights spread across 108 pages with 201 market data tables & 18 figures & charts from the report, "Intumescent Coatings Market Forecast, 2013 - 2024" in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/intumescent-coatings-market
Browse Related Reports:
-- Coil Coatings Market Forecast, 2016 - 2024
Coil Coatings Market size was USD 4.27 billion in 2015, and is projected to see 6% CAGR by 2024. Global coil coatings market size is mainly driven by escalating growth in the construction sector, particularly the non-residential construction. The global non-residential construction expenditure was close to USD 3.5 trillion in 2015 and is forecast to reach USD 5.5 trillion over the projected timeframe owing to stimulate industry growth.
https://www.gminsights.com/industry-analysis/coil-coatings-market
-- Anti-Corrosion Coatings Market
Anti-Corrosion Coatings Market size was more than USD 12 billion in 2015 and is projected to expand at 5% CAGR over the forecast timeframe. Global anti-corrosion coatings market size is majorly driven by increasing energy demand. These are widely used in energy industry including oil, gas, coal, nuclear, hydro, biomass, and other renewable energy sources, as they provide protection to the equipment used in the industry from extreme weather conditions.
https://www.gminsights.com/industry-analysis/anti-corrosion-coatings-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://www.gminsights.com/blogs
Connect with us: Facebook | Google+ | LinkedIn | Twitter
Media Contact: Arun Hegde, Global Market Insights, Inc., +13028467766, sales@gminsights.com
News distributed by PR Newswire iReach: https://ireach.prnewswire.com
SOURCE Global Market Insights, Inc.
