The application demand for intumescent coatings continues to grow and the industry develops rapidly

Intumescent coating is a flame retardant coating combination for lignocellulose, which contains polymer binders, wetting agents, expandable graphite particles, carbonaceous materials, absorbent materials, etc. When intumescent paint encounters fire, it will be stimulated by temperature to undergo a chemical reaction and expand in volume. It is currently used in construction, petroleum, automobile and other industries and is an effective fire prevention solution.

From the perspective of application, intumescent coatings can be divided into two types: fiber-resistant and hydrocarbon-resistant. Hydrocarbon-resistant intumescent coatings have higher chemical resistance and stability and are used to reduce oil and gas leaks and are recognized by the market. . Hydrocarbon-resistant intumescent coatings are currently widely used in natural gas production facilities, offshore oil and other fields, and the market size has increased accordingly. It is expected that the global hydrocarbon-resistant intumescent coatings market will reach US$650 million by 2025.

For the construction field, epoxy intumescent coatings have special coatings, which have the characteristics of fast response, high thermal stability, and smooth coating appearance. They can be used in building frames, beams and columns, etc., and are very popular. The wide range of products can meet the different needs of construction, and the market demand has therefore increased.

According to the released “2021-2025 Global Intumescent Coatings Industry In-depth Market Research and Key Area Research Report” shows that benefiting from the terminal With the development of the industry, the market demand for intumescent coatings continues to rise. The global intumescent coatings market size in 2019 was approximately US$990 million, and is expected to reach US$1.33 billion by 2025. The development of industrialization and construction is the main factor driving the development of the intumescent coating industry. In recent years, the Asia-Pacific region (especially China and India) has experienced rapid economic development, accelerated infrastructure construction, and rapid development of the chemical industry, resulting in high demand for intumescent coatings. In addition to the above two major application fields, automobiles have become another important application field, and the scale of intumescent coatings in this field is expected to reach US$120 million by 2025.

There are many manufacturers in the intumescent coatings market, most of which are traditional coatings manufacturers. Representative companies include 3M, AkzoNobel, Albi Company, PPG, Sherwin-Williams, Sika, Jotun, Isolatek International, Hempel, and Flame Control Coatings. Company, Firetherm Company, Crown Paint Company, Carboline Company, Bollom Fire Protection Company, etc.

Industrial analysts said that intumescent coatings have fire protection properties and can meet the application needs of construction, chemical industry, automobiles and other fields. In recent years, Demand in the global market continues to rise, and the industry has developed rapidly. Currently, intumescent coatings are mainly used in the construction and petroleum fields. However, the development speed of the above two major industries has slowed down in recent years. In the future, automobiles will become the main driving force for industry development. In terms of market competition, the intumescent coatings market is mostly occupied by traditional coatings companies. The market competition pattern is relatively similar to that of the coatings industry. There are many companies in the market and competition is fierce.