{"id":541105,"date":"2021-04-29T13:24:01","date_gmt":"2021-04-29T13:24:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=541105"},"modified":"2021-04-29T13:24:01","modified_gmt":"2021-04-29T13:24:01","slug":"intumescent-coatings-market-to-reach-usd-13345-million-by-2028-key-players-gcp-applied-technologies-inc-arabian-vermiculite-industries-and-skk-pte-ltd-among-others","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/intumescent-coatings-market-to-reach-usd-13345-million-by-2028-key-players-gcp-applied-technologies-inc-arabian-vermiculite-industries-and-skk-pte-ltd-among-others_541105.html","title":{"rendered":"Intumescent Coatings Market To Reach USD 1,334.5 Million By 2028 | Key Players: GCP Applied Technologies Inc., Arabian Vermiculite Industries, and SKK Pte Ltd., among others"},"content":{"rendered":"
\"Intumescent<\/a><\/p>\n
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Reports And Data<\/div>\n<\/div>\n<\/div>\n
The growing demand in the oil and gas sector and increasing exploration of shale gas in the world are driving the market for Intumescent Coatings.<\/p>\n

Intumescent Coatings Market Size \u2013 USD 985.2 Million in 2020, Market Growth – CAGR of 3.80%, Market Trends \u2013Growing demand from the automotive sector\n<\/p><\/div>\n

The global intumescent coatings market<\/a> is forecast to reach USD 1,334.5 Million by 2028, according to a new report by Reports and Data. Intumescent coatings are generally referred to as intumescent paint, which are used in buildings as a passive fire resistance measure. They are applied to structural members as an aesthetically pleasing fireproofing product. Intumescent coatings expand when exposed significantly to high temperatures, such as, those products that come in contact with fire.<\/p>\n

Intumescent coatings, when applied by a spray, provides a thick and spongy surface that requires a finish covering to hide and protect the steel. They offer the same level of coating that looks like a thin layer of paint.<\/p>\n

An increase in the investment in oil and gas exploration, coupled with development in technology, are also stimulating market growth. Intumescent coatings are used as passive fire protection, which reduces the risk of explosion. Rapid urbanization, growth in economy, and efficient transportation facilities have increased the application of natural gas and increased usage of vehicles. This has also spurred the market growth.<\/p>\n

Growth in demand for substitutes such as cementitious coating due to its light-weight nature, hassle-free applications, and low cost are hindering the growth of the market. Furthermore, low awareness regarding the benefits of these products in countries such as Thailand, China, and India are hampering the market growth.<\/p>\n

Get a Sample Copy of This Report:<\/strong> https:\/\/www.reportsanddata.com\/sample-enquiry-form\/1986<\/p>\n

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Further key findings from the report suggest<\/strong><\/p>\n