Waterborne Intumescent Coatings Market, By Type (Polymer Fiber, Natural Fiber, and Others), By Application (Architecture, Automotive, Aerospace, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI123919 | Publish Date: March 2024 | No. of Pages: 170

Global Waterborne Intumescent Coatings Market Overview

Introduction:

Waterborne Intumescent Coatings Market was valued at US$ 174.9 million in 2024 and is projected to grow at a CAGR of 6.0% to reach US$ 296.3 million by 2034.

Waterborne intumescent coatings offer outstanding environmental protection qualities to steel structures, and construction. It can be utilized in health-sensitive regions and is appropriate for construction sites due to its extremely low odor. Regulations supporting low-VOC (volatile organic compound) products and growing awareness of sustainability in the coatings industry are driving the target market.

The use of water as a solvent in the formulation of waterborne intumescent coatings, which is a complex class of fire-protection coatings and solutions for a range of steel substrates, greatly improves their environmental friendliness by lowering volatile organic compound (VOC) emissions. Waterborne intumescent coatings experience a chemical reaction that causes them to expand into a layer that resembles burned foam when exposed to high temperatures or flames. By insulating the substrate, this intumescent barrier significantly postpones structural deterioration and increases fire resistance.

Applications of aqueous intumescent coatings promote sustainability goals, improve structural integrity during fire conditions, and guarantee adherence to fire safety regulations. The rising emphasis on fire safety in residential and commercial buildings, together with growing awareness of the environmental impact of solvent-based coatings, are the main factors driving the global market for waterborne intumescent coatings.

However, a number of major obstacles, such as the lack of knowledge regarding aqueous intumescent coatings in some areas, economic turmoil, and variable raw material prices, are impeding the expansion of the market for these waterborne intumescent coatings.

Introduction - Waterborne Intumescent Coatings Market

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Global Waterborne Intumescent Coatings Market Dynamics

Waterborne Intumescent Coatings Market Key Drivers:

  Rules and Regulations Concerning Environment

  • Waterborne intumescent coatings are one of the environmentally friendly solutions that are in high demand due to tight restrictions on VOC (Volatile Organic Compound) emissions. When compared to solvent-borne alternatives, these coatings have a substantially lower VOC concentration. The ability to resist fire and its adherence to ecological conservation are the characteristics of waterborne intumescent coatings that are in line with the strict international rules and the growing awareness of reducing carbon emissions, which are therefore fueling the target market growth.

  Increasing Consumer Demand for Eco-Friendly Products

  • Sustainable and ecologically friendly products are becoming more popular among consumers and industry players. This tendency is facilitated by waterborne intumescent coatings, which are in line with construction methods and building efforts. As a result, this green technology is therefore gaining momentum in a variety of industries, such as the automotive, maritime, and construction sectors, signaling a major move in the direction of sustainable alternatives.

Waterborne Intumescent Coatings Market Restrains:

Significant Costs as well as Lack of Knowledge Regarding such Coatings

  • Compared to traditional coatings, waterborne intumescent coatings typically have greater initial expenses, which may put off clients on a tight budget, especially in cost-sensitive industries. Also, customers, builders, and architects may not be aware of the advantages and uses of waterborne intumescent coatings, which could impede market expansion and acceptance. Additionally, not all places will have waterborne intumescent coatings as easily accessible as solvent-borne alternatives. Therefore, for tasks that call for such coatings, this may present logistical difficulties.   

Waterborne Intumescent Coatings Market Opportunities:

  • The market for waterborne intumescent coatings has a lot of potential to develop because of the requirement for enhanced performance, growing sustainability concerns, and environmental laws. As waterborne coatings have less of an environmental impact than solvent-borne alternatives, there is an increasing opportunity for them as a result of the rising industry and consumer emphasis on sustainability. Also, to draw in eco-aware clients, producers might emphasize the sustainability advantages of their waterborne intumescent coatings.

Global Waterborne Intumescent Coatings Market Segmentation

Waterborne Intumescent Coatings Market is segmented based on type, application, and region.

Type Insights

  • Polymer Fiber: Polymer fiber type is a dominating segment of this sector for the target market. This type provides unparalleled mechanical robustness and fire resistance, as a result, coatings reinforced with synthetic polymer fibres carve out a niche for themselves. These materials like polyamides, polyesters, and aramids offer durability, performance efficiency, and adaptability to harsh situations.
  • Natural Fiber: Natural fiber segment involves substances like flax, hemp, and jute, which is expanding due to consumers' increasing interest in sustainable and environmentally friendly solutions.
  • Others: Others segment include compounds like binders, flame retardants, and inorganic fillers that are utilized in waterborne intumescent coatings.

Application Insights

  • Architecture: Architecture field is a dominating segment of this sector for the target market. It depends on these coatings for applications that make structural steel and wood fire-resistant, adhering to strict rules and guaranteeing the longevity of buildings.
  • Automotive: Automotive segment makes use of waterborne intumescent coatings which are essential to the automobile industry because they give metal and composite car parts features like fire resistance along with improved passenger safety.
  • Aerospace: Aerospace segment makes use of these coatings to safeguard vital components and the interiors of airplanes from fire. The aerospace industry's stringent fire safety rules will sustain the need for high-performance waterborne intumescent coatings.
  • Others: Others segment include applications in a range of industries, like oil and gas, marine, and for general industrial uses.

Regional Insights:

Region Insights - Waterborne Intumescent Coatings Market

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Waterborne Intumescent Coatings Market Regional Insights

  • North America market is estimated to witness a significantly high revenue share over the forecast period, owing to the presence of a significant number of well-known manufacturers in the region. The area is also encouraged by strict fire safety regulations and a move toward environmentally friendly products, especially in the oil and gas and construction industries. Waterborne intumescent coatings are becoming more popular due to the movement toward green building materials and their low environmental impact.
  • Asia Pacific market is estimated to witness fastest revenue share due to factors like accelerated urbanization, technological developments, and strict construction and fire safety regulations, particularly in major economies like China and India. Additionally, a regional shift towards sustainable and green building approaches contributes to this increase even further.
  • Europe market is a developed region which is expanding steadily for the target market as strict fire safety laws have led to a high adoption rate of waterborne intumescent coatings.
  • Latin America market is an emerging region with a developing industry where the need for fire safety measures is rising. Opportunities for waterborne intumescent coatings will arise from expanding economies and the expansion of infrastructure in the region.
  • Middle East & Africa market is in its developmental stages which is driven by expanding construction activity, and is further propelled by increased awareness of fire safety regulations.

Report Scope:

Attribute

Details

Market Size 2024

US$ 174.9 million

Projected Market Size 2034

US$ 296.3 million

CAGR Growth Rate

6.0%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Million & CAGR from 2024 to 2034

Market Segmentation

By Type - Polymer Fiber, Natural Fiber, and Others

By Application - Architecture, Automotive, Aerospace, and Others

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Waterborne Intumescent Coatings Market report based on type, application and region:

Waterborne Intumescent Coatings Market, By Type:

  • Polymer Fiber
  • Natural Fiber
  • Others

Waterborne Intumescent Coatings Market, By Application:

  • Architecture
  • Automotive
  • Aerospace
  • Others

Waterborne Intumescent Coatings Market, By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Global Waterborne Intumescent Coatings Market Key Players

The key players operating the Waterborne Intumescent Coatings Market includes, The Sherwin-Williams Company , Jotun A/S , Akzo Nobel N.V., Carboline International Corporation, Hempel A/S, Kulptown Fire Company company, PPG Industries, Inc., Contego International, Inc., Albi Sa company, and Crown Paints Ltd.

Global Waterborne Intumescent Coatings Market Key Issues Addressed

Recent Development:

  • In April 2023, Jotun launched the Jotachar JF750 XT, which is their newest all-weather intumescent hydrocarbon fire protection coating. The introduction of Jotachar JF750 XT marks a revolutionary advancement in passive fire protection for assets in the oil, gas, and energy sectors.

Global Waterborne Intumescent Coatings Market Company Profile

  • The Sherwin-Williams Company *
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Jotun A/S
  • Akzo Nobel N.V.
  • Carboline International Corporation
  • Hempel A/S
  • Kulptown Fire Company company
  • PPG Industries, Inc.
  • Contego International, Inc.
  • Albi Sa company
  • Crown Paints Ltd.

“*” marked represents similar segmentation in other categories in the respective section.

Global Waterborne Intumescent Coatings Market Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Type
    • Market Snippet, By Application
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Market Segmentation, By Type, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Polymer Fiber
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Natural Fiber
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Application, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Architecture
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Automotive
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Aerospace
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • The Sherwin-Williams Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Jotun A/S
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Akzo Nobel N.V.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Carboline International Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Hempel A/S
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Kulptown Fire Company company.  
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • PPG Industries, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Contego International, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Albi Sa company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Crown Paints Ltd
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

Waterborne Intumescent Coatings Market is segmented into By Type, By Application and Region.

Factors driving the Waterborne Intumescent Coatings Market include increasing demand for fire-resistant coatings in construction, infrastructure, and automotive applications, driven by stringent fire safety regulations and a growing emphasis on sustainable solutions.

Recruitment Marketing in the Waterborne Intumescent Coatings Market faces restraints such as the need for specialized expertise in coatings technology, limited awareness of intumescent coatings among potential candidates, and competition for talent within the coatings industry.

By region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.

The key players operating the Waterborne Intumescent Coatings Market includes, The Sherwin-Williams Company , Jotun A/S , Akzo Nobel N.V., Carboline International Corporation, Hempel A/S, Kulptown Fire Company company, PPG Industries, Inc., Contego International, Inc., Albi Sa company, and Crown Paints Ltd.