China Intumescent Coatings Market Size & Outlook
China intumescent coatings market, 2018-2030 (US$M)
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China intumescent coatings market highlights
- The China intumescent coatings market generated a revenue of USD 179.6 million in 2022 and is expected to reach USD 271.2 million by 2030.
- The China market is expected to grow at a CAGR of 5.3% from 2023 to 2030.
- In terms of segment, epoxy-based was the largest revenue generating type in 2022.
- Water-based is the most lucrative type segment registering the fastest growth during the forecast period.
Intumescent coatings market data book summary
| Market revenue in 2022 | USD 179.6 million |
| Market revenue in 2030 | USD 271.2 million |
| Growth rate | 5.3% (CAGR from 2022 to 2030) |
| Largest segment | Epoxy-based |
| Fastest growing segment | Water-based |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Water-based, Solvent-based, Epoxy-based |
| Key market players worldwide | Akzo Nobel NV, Contango Holdings PLC, NKT A/S, Sherwin-Williams Co, RPM International Inc, PPG Industries Inc, 3M Co, Sika AG, TOR Minerals International Inc |
Other key industry trends
- In terms of revenue, China accounted for 15.7% of the global intumescent coatings market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China intumescent coatings market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 68.7 million by 2030.
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Intumescent Coatings Market Scope
Intumescent Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
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China intumescent coatings market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to intumescent coatings market will help companies and investors design strategic landscapes.
Epoxy-based was the largest segment with a revenue share of 79.12% in 2022. Horizon Databook has segmented the China intumescent coatings market based on water-based, solvent-based, epoxy-based covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing industrialization and infrastructure development coupled with the rapid growth of the building & construction sector is anticipated to drive the demand for intumescent coatings in the country. The automotive industry in the country is expanding on account of strong demand for cars as well as other vehicle types including medium & heavy trucks and buses.
Electric cars remain a promising category as the government is providing substantial subsidies to manufacturers and favorable discounts and incentives to customers for buying electric cars.
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Horizon Databook provides a detailed overview of country-level data and insights on the China intumescent coatings market , including forecasts for subscribers. This country databook contains high-level insights into China intumescent coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China intumescent coatings market size, by type, 2018-2030 (US$M)
China Intumescent Coatings Market Outlook Share, 2022 & 2030 (US$M)
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