South Korea Intumescent Coatings Market Size & Outlook
South Korea intumescent coatings market, 2018-2030 (US$M)
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South Korea intumescent coatings market highlights
- The South Korea intumescent coatings market generated a revenue of USD 23.9 million in 2022 and is expected to reach USD 36.9 million by 2030.
- The South Korea market is expected to grow at a CAGR of 5.6% 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 23.9 million |
| Market revenue in 2030 | USD 36.9 million |
| Growth rate | 5.6% (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, South Korea accounted for 2.1% 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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South Korea 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 79.5% in 2022. Horizon Databook has segmented the South Korea intumescent coatings market based on water-based, solvent-based, epoxy-based covering the revenue growth of each sub-segment from 2018 to 2030.
The country has low labor costs, which has attracted many foreign investors to set up their manufacturing facilities in the country. Thus, the growing number of manufacturing facilities is projected to boost construction activity in the region, which, in turn, is anticipated to propel the demand for intumescent coatings over the forecast period.
Growing safety awareness among consumers coupled with rising emphasis by regulatory bodies on implementing fire protection systems in buildings to maximize human safety is likely to boost the product demand. Furthermore, the rising demand for cellulosic intumescent coatings to protect the structural integrity of reinforced steel in buildings is expected to drive the market.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea intumescent coatings market , including forecasts for subscribers. This country databook contains high-level insights into South Korea intumescent coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea intumescent coatings market size, by type, 2018-2030 (US$M)
South Korea Intumescent Coatings Market Outlook Share, 2022 & 2030 (US$M)
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