Intumescent Coatings Market - Analysis, Research and Forecast Report, 2016 to 2024

Intumescents are the substances which expand when exposed to extremely high heat and fire, increasing in volume and decreasing in density. The intumescent coating layer expands and produces a ‘char’ which insulates the material inside from flames by cutting off the oxygen necessary for combustion. Due to these properties, intumescents are used as a coating material to protect substances from heat and fire damage. The intumescent coating has diverse applications in a number of different industries as a fireproofing agent and its market is growing at a fast pace. The rising demand from various end-use industries is expected to fuel the intumescent coating market to growth at a CAGR of 4.6%%%% over a period from 2016 to 2024.