팽창성 코팅 시장 : 점유율 분석, 업계 동향, 통계, 성장 예측(2026-2031년)

The Intumescent Coatings Market size in 2026 is estimated at USD 1.41 billion, growing from 2025 value of USD 1.36 billion with 2031 projections showing USD 1.71 billion, growing at 3.89% CAGR over 2026-2031.

Adoption is anchored in stricter global fire-safety standards, a decisive shift toward greener building materials and the desire to keep structural steel visible without compromising protection. Demand increases are incremental rather than explosive, a pattern that hints at resilience built on code compliance cycles instead of speculative construction booms. Water-based chemistries already generate 40% of revenue, and regulatory limits on volatile organic compounds suggest this share will keep rising as specifiers prefer low-odor solutions. The growing preference for proactive fire-risk mitigation in high-density cities, offshore energy hubs and modular factories points to broad use cases that value thin films which expand into an insulating char when exposed to heat. Parallel innovation around durability, faster cure and lower applied thickness is extending product life, so revenue growth increasingly reflects a higher lifetime value per square foot rather than pure volume gains in the Intumescent coatings market.

Global Intumescent Coatings Market Trends and Insights

Accelerated High-Rise Fire Codes in Asia Pacific

New requirements for towers above 24 m make thin-film coatings nearly mandatory, giving developers products that deliver two-hour protection without adding structural weight. Certification regimes in China and India reward third-party testing, raising entry hurdles and giving early movers an edge. The Intumescent coatings market therefore enjoys a structural boost as skyline density grows and evacuation windows tighten. Suppliers that align product labels with local codes enter bid lists more easily, and approvals granted now often span multiple project phases, improving revenue visibility.

Growth in Oil and Gas Exploration Activities

Hydrocarbon-specialized products held 44.2% share in 2024 because offshore topsides, LNG plants and refineries must manage pool-fire temperatures above 1,100 °C. Shale-linked construction across North America keeps fabrication yards busy, sustaining a steady order flow of epoxy intumescent films. Contractors that bundle supply with installation achieve greater margin retention as operators value single-contract accountability. Once a coating wins protocol testing like UL 1709 it tends to remain on specification lists for years, supporting recurring income streams in the Intumescent coatings market.

Epoxy Resin Price Volatility

Fluctuations in raw material costs squeeze margins, especially for Asian producers that buy spot cargoes. Multi-year supply contracts provide partial insulation yet cannot eliminate exposure when feedstock prices spike quickly. Budget overruns may delay project starts or trigger product substitution where standards allow, temporarily slowing growth in the Intumescent coatings market.

Other drivers and restraints analyzed in the detailed report include:

1. EU Low-VOC Mandate Boosting Water-Borne Formulations
2. Modular Off-Site Steel Fabrication in North America
3. High Cost of Intumescent Coatings

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Cellulosic coatings accounted for 52.60% of 2025 revenue equal to USD 715.4 million and continue to dominate because large volumes of commercial and residential steel require protection against slow-burn fires. Their relatively lower price broadens accessibility for mid-rise projects, so regulatory enforcement is not the sole driver. Architects see a clear cost-to-benefit ratio that supports repeat use, implying resilient baseline demand even if hydrocarbon volumes escalate faster. In contrast, hydrocarbon-rated lines generated USD 644.6 million yet are forecast to outpace the headline market with a 4.92% CAGR to 2031. These products must survive jet-fire and pool-fire testing, and once an EPC firm qualifies a brand it rarely changes mid-project. That stickiness locks in extended maintenance work, creating predictable after-sales income. The hydrocarbon subset therefore raises revenue per contract even if tonnage remains lower, reinforcing value concentration within the Intumescent coatings market.

The stronger growth rate in hydrocarbon films ties directly to new FPSO units, LNG export trains and refining upgrades in the Gulf Coast and Middle East. Offshore assets demand coatings that adhere under thermal shock, so epoxy systems remain the default platform. The Intumescent coatings market size for hydrocarbon applications is projected to climb as national energy strategies focus on downstream self-sufficiency. Cellulosic lines, meanwhile, keep pace with densifying cities where exposed steel delivers modern aesthetics. Together, the two fire scenarios carve distinct paths, but each strengthens overall penetration because they address separate safety imperatives rather than competing for the same square footage.

Water-borne solutions held 40.80% of 2025 revenue and are advancing at a 5.22% CAGR, leading the push toward low-VOC construction practices. Their absence of strong odor permits coating while tenants remain in place, a practical gain that simplifies refurbishment logistics. Building owners thus minimize downtime costs, an overlooked yet significant driver of repeat purchasing. Solvent-based and hybrid epoxy chemistries still account for the balance, favored where rapid cure at low temperature is mandatory, particularly offshore or in cold climates. Even so, suppliers tweak solvent blends to push VOC levels below future regulatory thresholds, signaling an evolutionary rather than abrupt phase-out.

As regulatory ceilings tighten, specifiers benchmark technologies not only on fire endurance but also on embodied carbon. Water-based films score well on both counts, encouraging project engineers to switch from older solvent types. The Intumescent coatings market size is expected to be increasingly influenced by lifecycle assessments that reward low emissions from manufacturing through application. Hybrid epoxies retain altitude by offering mechanical robustness plus improved environmental scores, illustrating a gradual convergence of performance and sustainability objectives.

The Intumescent Coatings Report Segments the Industry by Application (Cellulosic, Hydrocarbon), Technology (Solvent Based, Water Based, Epoxy Based), Resin Type (Epoxy, Acrylic, Polyurethane and More), End-User Industry (Construction, Automotive and More), and Geography (Asia-Pacific, North America, Europe, and More). The Market Forecasts are Provided in Terms of Value (USD).

Geography Analysis

Asia Pacific generated USD 470.6 million or 34.60% of global revenue in 2025 and is forecast to climb at 5.57% CAGR through 2031. China enforces dual goals of high-rise safety and petrochemical self-reliance, underpinning steady volume in both cellulosic and hydrocarbon categories. India's Smart Cities program embeds passive fire protection into municipal tender checklists, effectively making intumescent supply a prerequisite for state-funded towers. Producers that localize factories in the region mitigate exchange-rate risk and capture tax incentives that favor domestic manufacturing.

North America remains a core pillar of the Intumescent coatings market. The shale play drives fresh LNG and pipeline assets while an aging bridge stock invites intumescent retrofits referenced in FHWA guidelines. Supply chains hedged in USD reduce currency exposure, and broad field-service networks enable rapid inspection and remedial work that offset raw-material swings. Modular construction adds a new demand layer, since factory spraying compresses build schedules.

Europe demonstrates strong regulatory pull derived from the Paints Directive, which rewards water-borne innovations. German and Scandinavian green-building labels amplify demand by linking procurement to embodied carbon scoring. Funding under the European Green Deal subsidizes pilot lines for lignin-based additives, encouraging suppliers to test bio-based routes inside regional labs. As a result, Europe often becomes the first adopter of low-carbon grades that later scale globally, further shaping the competitive direction of the Intumescent coatings market.

1. Akzo Nobel N.V.
2. Albi Protective Coatings
3. BASF
4. Contego International Inc.
5. Etex Group
6. Flame-Stop Inc.
7. Hempel A/S
8. Hexion Inc.
9. Huntsman International LLC
10. Isolatek International
11. Jotun
12. No-Burn, Inc.
13. PPG Industries, Inc.
14. RPM International Inc.
15. Teknos Group
16. The Sherwin-Williams Co.
17. Tremco Incorporated

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Accelerated High-Rise Fire Codes in Asia Pacific
  • 4.2.2 Growth in the Oil and Gas Exploration Activities
  • 4.2.3 EU Low-VOC Mandate Boosting Water-Borne Formulations
  • 4.2.4 Modular Off-Site Steel Fabrication in North America
  • 4.2.5 Shift Toward Environmentally Friendly Coatings
• 4.3 Market Restraints
  • 4.3.1 Epoxy Resin Price Volatility
  • 4.3.2 High Cost of Intumescent Coatings
  • 4.3.3 Competition from Alternative Fire Protection Methods
• 4.4 Value Chain Analysis
• 4.5 Porter's Five Forces
  • 4.5.1 Bargaining Power of Suppliers
  • 4.5.2 Bargaining Power of Buyers
  • 4.5.3 Threat of New Entrants
  • 4.5.4 Threat of Substitutes
  • 4.5.5 Degree of Rivalry

5 Market Size and Growth Forecasts (Value)

• 5.1 By Application
  • 5.1.1 Cellulosic
  • 5.1.2 Hydrocarbon
• 5.2 By Technology
  • 5.2.1 Solvent-Based
  • 5.2.2 Water-Based
  • 5.2.3 Epoxy Based
• 5.3 By Resin Type
  • 5.3.1 Epoxy
  • 5.3.2 Acrylic
  • 5.3.3 Polyurethane
  • 5.3.4 Alkyd
  • 5.3.5 Other Resins
• 5.4 By End-user Industry
  • 5.4.1 Construction
  • 5.4.2 Oil and Gas
  • 5.4.3 Automotive and Transportation
  • 5.4.4 Other End-user Industries
• 5.5 By Geography
  • 5.5.1 Asia-Pacific
    • 5.5.1.1 China
    • 5.5.1.2 India
    • 5.5.1.3 Japan
    • 5.5.1.4 South Korea
    • 5.5.1.5 Rest of Asia-Pacific
  • 5.5.2 North America
    • 5.5.2.1 United States
    • 5.5.2.2 Canada
    • 5.5.2.3 Mexico
  • 5.5.3 Europe
    • 5.5.3.1 Germany
    • 5.5.3.2 United Kingdom
    • 5.5.3.3 France
    • 5.5.3.4 Italy
    • 5.5.3.5 Russia
    • 5.5.3.6 Rest of Europe
  • 5.5.4 South America
    • 5.5.4.1 Brazil
    • 5.5.4.2 Argentina
    • 5.5.4.3 Rest of South America
  • 5.5.5 Middle East and Africa
    • 5.5.5.1 Saudi Arabia
    • 5.5.5.2 South Africa
    • 5.5.5.3 Rest of Middle East and Africa

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share Analysis
• 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share, Products & Services, Recent Developments)
  • 6.4.1 Akzo Nobel N.V.
  • 6.4.2 Albi Protective Coatings
  • 6.4.3 BASF
  • 6.4.4 Contego International Inc.
  • 6.4.5 Etex Group
  • 6.4.6 Flame-Stop Inc.
  • 6.4.7 Hempel A/S
  • 6.4.8 Hexion Inc.
  • 6.4.9 Huntsman International LLC
  • 6.4.10 Isolatek International
  • 6.4.11 Jotun
  • 6.4.12 No-Burn, Inc.
  • 6.4.13 PPG Industries, Inc.
  • 6.4.14 RPM International Inc.
  • 6.4.15 Teknos Group
  • 6.4.16 The Sherwin-Williams Co.
  • 6.4.17 Tremco Incorporated

7 Market Opportunities & Future Outlook

• 7.1 White-Space and Unmet-Need Assessment