India Intumescent Coatings Market Size & Outlook
India intumescent coatings market, 2018-2030 (US$M)
Related Markets
India intumescent coatings market highlights
- The India intumescent coatings market generated a revenue of USD 40.7 million in 2022 and is expected to reach USD 68.7 million by 2030.
- The India market is expected to grow at a CAGR of 6.8% 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 40.7 million |
| Market revenue in 2030 | USD 68.7 million |
| Growth rate | 6.8% (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, India accounted for 3.6% 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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India 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 79.85% in 2022. Horizon Databook has segmented the India intumescent coatings market based on water-based, solvent-based, epoxy-based covering the revenue growth of each sub-segment from 2018 to 2030.
Rapid industrialization in the country coupled with growing construction activities is anticipated to propel the demand for intumescent coatings over the forecast period. The product demand in tier II and tier III cities is expected to be higher compared to tier I cities owing to rapid infrastructure development, smart city projects, cheap labor, and raw material availability.
Rising safety awareness and growing emphasis by regulatory bodies on implementing fire protection systems in buildings are anticipated to augment the demand for intumescent coatings over the next seven years.
Furthermore, government initiatives such as Make in India, Housing for All, and 100% FDI permitted through automatic routes in the infrastructure sector are expected to boost the growth of the construction industry in the country in the coming years.
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Horizon Databook provides a detailed overview of country-level data and insights on the India intumescent coatings market , including forecasts for subscribers. This country databook contains high-level insights into India intumescent coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India intumescent coatings market size, by type, 2018-2030 (US$M)
India Intumescent Coatings Market Outlook Share, 2022 & 2030 (US$M)
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