Intumescent coatings are a type of coating that creates insulation, fireproofing, and even waterproofing properties. These coatings can be applied to wood, metal, concrete, and other materials so they may not be damaged when exposed to the environment. It is imperative that these materials are able to withstand extreme temperatures and pressures. The extensible nature of intumescent coatings give them this potential for protection.
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What is an Intumescent Coating?
An intumescent coating is a type of coatings that use high-temperature and pressure to make a coating that becomes sticky and inflamed when exposed to air and heat. This makes the coating resistant to flames, radiation, and other forms of heat damage.
The market for intumescent coatings is growing rapidly because they are being used in a variety of industries. The automotive industry is the largest user of intumescent coatings, followed by the aerospace and defense industries. These industries are benefiting from the increased safety and durability of these coatings.
The market for intumescent coatings is forecast to grow at a CAGR of 7.1% between 2017 and 2022. This growth is due to the increasing demand for these coatings in various industries. The major players in the intumescent coating market are Ashland Inc., BASF SE, Dicom SA, Evonik Industries AG, Ingersoll Rand Plc., Kanto Chemical Co., Ltd., LANXESS AG, SABIC Innovative Plastics LP, Solvay SA, ThyssenKrupp AG, and Intertek Group PLC.
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Why Do Companies Use Intumescent coatings?
Intumescent coatings are used in a wide variety of industries because they offer a number of benefits. One of the most important reasons companies use intumescent coatings is because they provide a barrier against fire. Intumescent coatings also protect materials from damage and make them more resistant to wear and tear. Additionally, intumescent coatings can help reduce the amount of smoke and heat generated by a fire. As the demand for intumescent coatings increases, so does the market for these products.
The market for intumescent coatings is growing rapidly due to the many benefits these products offer. Companies are increasingly looking for alternatives to traditional fire protection measures, such as sprinkler systems and firewalls, which can be expensive and difficult to maintain. Intumescent coatings offer an affordable and easy solution that can protect areas throughout a building. In addition, intumescent coatings can help reduce the amount of smoke and heat generated by a fire. This technology has been shown to be particularly effective when used in conjunction with other fire prevention measures, such as smoke detectors and automatic sprinklers. Consequently, the market for intumescent coatings is expected to grow at a high rate over the next several years.
How Does a product become intumescent coated?
Products that are coated with intumescent materials are typically used in industries such as construction, printing and transportation. Intumescent coatings work by causing a fire to slowly burn through the material. Intumescent coatings can also be used to stop water from seeping through a surface.
The market for intumescent coatings is growing rapidly due to new discoveries and future applications. In 2016, the market was worth $2.5 billion and is expected to grow at a CAGR of 6.7% over the next decade. Some of the key reasons for growth include increasing demand for protection against corrosion and fire, as well as increasing environmental awareness.
Another key factor driving growth in the intumescent coating market is the increasing number of innovative products being developed. This includes products that are resistant to weathering and heat, as well as products that are self-healing.
Applications and Functionality
Intumescent coatings are used in various industrial and automotive applications such as coatings for engine parts, brakes, and other mechanical systems. They are also being used in paints, plastics, and other materials. The increasing demand for low-emission vehicles is expected to drive the market growth over the next few years.
Intumescent coatings can be divided into two types based on their mechanism of action- heat-activated or chemicals-based. Among the heat-activated coatings, the most popular include urethane and silicone systems. In terms of chemicals-based coatings, the most popular are polyester resins. Both of these types of coatings offer a variety of benefits such as good adhesion, resistance to water and oil degradation, and durability. Some of the key applications of intumescent coatings include engine parts, brakes, and plastic surfaces. The market for intumescent coatings is expected to grow at a CAGR of 7% during the forecast period 2019-2024.
Global Market Analysis
Intumescent coatings are a new discovery and an upcoming market with a lot of potential. The market for intumescent coatings is forecast to grow at a CAGR of 7.4% during the period 2016-2021. This is due to the increasing demand for flame retardants and other protective coatings in various industrial sectors, such as automotive, aerospace, chemical, and plastics.
Some of the major players in the global intumescent coating market are BASF SE (Germany), Akzo Nobel N.V. (The Netherlands), Exxon Mobil Corp. (US), and PPG Industries Inc. (US). These companies are working on developing new intumescent technologies that can offer more effective flame retardants.
One such technology is Intumescent Pigment Dispersion (IPD). IPD is an encapsulated pigment dispersion that is sprayed onto a surface to create an intumescent coating. The IPD particles are small enough to be dispersed evenly throughout the liquid coating, and they form a solid film when they set in contact with each other. This film provides enhanced protection against fire by stopping oxygen from reaching the material below it.
Future Outlook
The intumescent coatings market is expected to grow at a CAGR of 7.7% from 2017 to 2024. In 2016, the intumescent coatings market was valued at $1.4 billion and is projected to reach $2.8 billion by 2024, according to a report by MarketsandMarkets. The growth in the intumescent coatings market is due to the increasing popularity of fire protection systems, which are benefiting from the increased demand for security and safety across various industrial sectors.
Some of the key players in the intumescent coatings market are 3M Company (U.S.), AkzoNobel N.V. (The Netherlands), PPG Industries, Inc. (U.S.), and BASF SE (Germany). These companies are exploiting new technologies and developing novel coatings that are driving growth in the intumescent coatings market. Some of these technologies include nanotechnology, additive manufacturing, and aerosols.
One of the key challenges faced by the players in the intumescent coatings market is obtaining regulatory approvals for their products. The Players also need to identify new applications for their products as well as develop new marketing strategies in order to increase sales volumes
Conclusion
The intumescent coatings market is expected to grow at a CAGR of over 7% during the forecast period. This growth is driven by several factors such as increasing demand for fire retardant and smoke suppressant products, growing construction activities, and increasing awareness about the importance of safety in buildings.
