Intumescent Coatings Market

Intumescent Coatings Market Size By Type (Thin-Film and Thick-Film), By Substrate (Structural Steel & Iron, Wood, and Others), and By Technology (Epoxy-Based, Solvent-Based, and Water-Based),Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2024 to 2033

Base Year: 2023 Historical Data: 2020-22
  • Report ID: TBI-14093
  • Published Date: Feb, 2024
  • Pages: 238
  • Category: Chemicals & Materials
  • Format: PDF
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The global intumescent coatings market was valued at USD 1.3 billion in 2023, growing at a CAGR of 5.9% from 2024 to 2033. The market is expected to reach USD 2.3 billion by 2033. Strong demand in the oil and gas industry due to strict regulations and increased global exploration activity are expected to fuel market expansion. Additionally, during the projected period, demand from the construction industry is anticipated to fuel market expansion.

Market Introduction:

Often referred to as intumescent paint, intumescent coating is an exterior fire-resistance layer that resembles paint applied to buildings and other structures. It is used to apply fire protection products to buildings that also have a nice appearance. To keep any electrical openings from catching fire, it is also utilised to conceal them. When exposed to high temperatures, the intumescent covering swells up, creating char, a black insulating substance. Char also functions as an insulator and has a low heat conductivity. Not only do intumescent coatings look good, but they also resist fire. This raises the need for intumescent coatings considerably. Another factor propelling the growth of the intumescent coatings market is the growing concern for fire safety in residential and commercial settings. To prevent fire, plans must be made in both business and residential settings. Its lightweight nature is also anticipated to boost demand in the automotive, building, construction, and aerospace industries, among other sectors. Strict government laws governing affordable fire safety precautions for residential and commercial buildings that guard against harm to people or property could also increase demand for intumescent coatings. The petrochemical and automotive industries' growing need for crude oil and its derivatives leads to a rise in oil and gas exploration. This is anticipated to result in a strong demand for intumescent coatings.

Intumescent Coatings Market Size

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Recent Development

In March 2021, As a component of QLayers' Paint the Future collaborative innovation ecosystem, Akzo Nobel and the latter worked together to purchase a portion of the latter's industrial coating portfolio.

In March 2021, Hempel A/S opened a new research and development facility in Copenhagen, Denmark. The facility is anticipated to serve as a hub for experts from around the world and to accelerate and reinforce the creation of creative solutions.

In January 2021, Albi Clad TF+, Albi Clad TF, Albi Clad FP, and Albi FRL- X are the four products for which Albi Protective Coatings has received the GREENGUARD Gold Certification.

Market Dynamics:


Increasing awareness- One of the key elements predicted to drive the global intumescent coatings market is rising consumer awareness of intumescent coatings and their fire-retardant qualities. Furthermore, the market is anticipated to be driven by developments in new coatings technologies and strict safety requirements for protective equipment in sectors like oil and gas, where the likelihood of a fire breaking out is highest due to combustible materials.


Fluctuating raw materials cost- One significant element that could impede market expansion is fluctuating raw material costs. For example, an increase in oil price could drive up the cost of epoxy agents, one of the basic components, and so drive up the price of intumescent coatings.

Regional segmentation analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia Pacific emerged as the largest global intumescent coatings market, with a 39.8% market revenue share in 2023.

The region's need for intumescent coatings is projected to increase due to factors like the abundance of end-users, accessibility to raw material suppliers, and the rate of industrialization and urbanisation, particularly in China and India. Compared to North America and Europe, the region's end-use industries—such as construction, automotive, marine, and others—have enormous development potential due to the availability of raw materials and laxer regulations governing VOC emissions.

Asia Pacific Region Intumescent Coatings Market Share in 2023 - 39.8%

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Type Segment Analysis

The type segment is divided into thin-film and thick-film. The thin-film segment dominated the market, with a market share of around 59% in 2023. These coatings are frequently utilised in sectors like transportation or commercial buildings where weight or space constraints are an issue. When heat exposure, the thin film expands and forms an insulating layer, providing efficient fire protection even with a thinner application. The Sherwin-William FIRETEX FX line of thin film intumescent coatings is one example of a product that companies offer. These are well-known for their thin-film applications and offer structural steel superior fire protection.

Substrate Segment Analysis

The substrate segment is divided into structural steel & iron, wood, and others. The wood segment dominated the market, with a market share of around 43% in 2023. Intumescent coatings are essential for improving the fire resistance of wood, which is a substrate that is frequently utilised in a variety of construction applications. Wood is coated with intumescent coatings, which are made to expand and create an insulating char layer when exposed to high temperatures, thereby preventing the spread of fire. These coatings are usually applied to raise the fire resistance ratings of wooden buildings like beams, columns, and walls.

Technology Segment Analysis

The technology segment is divided into epoxy-based, solvent-based, and water-based. The epoxy-based segment dominated the market, with a market share of around 45% in 2023. In the case of a fire, epoxy-based intumescent coatings act as an insulating barrier, demonstrating excellent passive fire protection. When exposed to high temperatures, these coatings—which are inert at room temperature—develop a thick layer of char that increases their level of insulation in the case of a fire.

Some of the Key Market Players:
  • Jotun
  • Hempel A/S
  • Nullifire
  • Carboline
  • Isolatek International
  • PPG Industries, Inc.
  • Sika AG
  • Akzo Nobel N.V.
  • Contego International Inc.
  • No-Burn Inc.
  • The Sherwin-Williams Company
  • Albi Protective Coatings
  • Rudolf Hensel GmbH
  • 3M
  • Tor Coatings

Report Description:

Attribute Description
Market Size Revenue (USD Billion)
Market size value in 2023 USD 1.3 Billion
Market size value in 2033 USD 2.3 Billion
CAGR (2024 to 2033) 5.9%
Historical data 2020-2022
Base Year 2023
Forecast 2024-2033
Region The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
Segments Type, Substrate, Technology

Frequesntly Asked Questions

As per The Brainy Insights, the size of the intumescent coatings market was valued at USD 1.3 billion in 2023 to USD 2.3 billion by 2033.

The global intumescent coatings market is growing at a CAGR of 5.9% during the forecast period 2024-2033.

Asia Pacific emerged as the largest intumescent coatings market.

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This study forecasts global, regional, and country revenue from 2020 to 2033. The Brainy Insights has segmented the global intumescent coatings market based on the below-mentioned segments:

Global Intumescent Coatings Market By Type:

  • Thin-Film
  • Thick-Film

Global Intumescent Coatings Market By Substrate:

  • Structural Steel & Iron
  • Wood
  • Others

Global Intumescent Coatings Market By Technology:

  • Epoxy-Based
  • Solvent-Based
  • Water-Based

Global Intumescent Coatings Market By Region:                       

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa


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