Market Size of Intumescent Coatings Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 1.90 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Intumescent Coatings Market Analysis
The Intumescent Coatings Market size is expected to grow from 170.87 kilotons in 2023 to 187.73 kilotons by 2028, at a CAGR of 1.90% during the forecast period (2023-2028).
The COVID-19 pandemic negatively impacted the market. However, the market is reaching pre-pandemic levels and is expected to grow steadily during the forecast period.
- Increasing construction activities in emerging economies of Asia-Pacific and growth in oil and gas exploration activities are augmenting the growth of the market studied.
- Rising prices of raw materials are likely to hinder the market's growth.
- Growing shale gas production is projected to act as an opportunity for the market in the future.
