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Chile Intumescent Coatings Market Size, Share, Forecast: By Type: Water-Based, Solvent-Based, Epoxy-Based; By Application: Cellulosic, Hydrocarbon; By End Use: Construction, Automotive, Oil and Gas, Aerospace; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2023-2028
Chile Intumescent Coatings Market Outlook
The Chile intumescent coatings market size is expected to grow at a CAGR of 4.30% between 2023 and 2028. The major market drivers are the rising awareness regarding the benefits of intumescent coatings and increasing regulations governing fire safety in the country.
Key Trends in the Market
Intumescent coatings are a layer of protective substances that are added to a surface to form an insulating layer when exposed to heat, due to a chemical reaction that is triggered. These coatings are a cost effective and practical solution for protecting materials such as steel and alloys from corrosion and fire.
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- Increasing construction activities in Chile are anticipated to positively influence the expansion of the Chile intumescent coatings market as intumescent coatings are actively used in the construction industry to protect the building’s structural integrity. They also enhance the fire resistance of the structure, thus increasing their applications in residential and industrial facilities.
- The growth of manufacturing industries in Chile is another crucial trend boosting the market for intumescent coatings in the country. Intumescent coatings are essential in various manufacturing sectors as the machinery can overheat, malfunction, and sparking can occur, causing fire. Therefore, utilisation of a protective coating is essential in manufacturing to provide protection against potential fire threats.
- Advancements in technology and expansion of key players in the country are expected to further support the growth of the Chile intumescent coatings market. New types of intumescent coatings such as hybrid intumescent coatings are rising in popularity as they offer fast cure times and effective protection without requiring multiple coats.
Market Analysis
Based on type, the market is divided into water-based, solvent-based, and epoxy-based. On the basis of application, the market is bifurcated into cellulosic and hydrocarbon. By end use, the market is segmented into construction, automotive, oil and gas, and aerospace, among others.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Chile intumescent coatings market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- The Sherwin-Williams Company
- PPG Industries, Inc.
- Akzo Nobel N.V.
- 3M Co.
- Wacker Chemie AG
- Arkema SA
- Promat Inc.
- Jotun a/s
- Others
Market Share by Type
Water-based intumescent coatings are anticipated to witness significant growth in the Chile intumescent coatings market over the upcoming years, owing to the various advantages associated with their usage such as cost effectiveness, eco-friendliness, and chemical-free odour. The utilisation of epoxy-based coatings is also projected to increase over the forecast period due to their resistance to harsh environmental conditions and their ability to provide excellent hydrocarbon fire protection. Epoxy-based intumescent coatings are suited for usage in the chemical and marine industries, as they form a thick durable film that protects steel and provides resistance against corrosion.
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Competitive Landscape
The Sherwin-Williams Company is a chemical manufacturing company that was founded in 1866 and is based in Ohio in the United States. They produce innovative paint solutions to ensure safety, consistency, and efficiency in coating operations.
PPG Industries, Inc. is a paints, coatings, and adhesives manufacturing company, that was established in 1883 and is headquartered in Pennsylvania, United States. Their specialties include protective and marine coatings, industrial coatings, and architectural paints, among others.
Akzo Nobel N.V. is a chemical manufacturing company that was founded in 1792 and is based in Amsterdam in the Netherlands. This company offers sustainable and innovative paint solutions through their diverse portfolio of brands such as Dulux.
Other market players include 3M Co., Wacker Chemie AG, Arkema SA, Promat Inc., and Jotun a/s, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
|
| Breakup by End Use |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Industry Opportunities and Challenges
8 Chile Intumescent Coatings Market Overview
8.1 Key Industry Highlights
8.2 Chile Intumescent Coatings Historical Market (2018-2022)
8.3 Chile Intumescent Coatings Market Forecast (2023-2028)
9 Chile Intumescent Coatings Market by Type
9.1 Water-Based
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Solvent-Based
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.3 Epoxy-Based
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
10 Chile Intumescent Coatings Market by Application
10.1 Cellulosic
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Hydrocarbon
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
11 Chile Intumescent Coatings Market by End Use
11.1 Construction
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Automotive
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 Oil and Gas
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 Aerospace
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyers Powers
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Key Company Profiles
13.2.1 The Sherwin-Williams Company
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 PPG Industries, Inc.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Akzo Nobel N.V.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 3M Co.
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Wacker Chemie AG
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Arkema SA
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Promat Inc.
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Jotun a/s
13.2.8.1 Company Overview
13.2.8.2 Product Portfolio
13.2.8.3 Demographic Reach and Achievements
13.2.8.4 Certifications
13.2.9 Others
14 Key Industry Trends and Developments
List of Key Figures and Tables
1. Chile Intumescent Coatings Market: Key Industry Highlights, 2018 and 2028
2. Chile Intumescent Coatings Historical Market: Breakup by Type (USD Million), 2018-2022
3. Chile Intumescent Coatings Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Chile Intumescent Coatings Historical Market: Breakup by Application (USD Million), 2018-2022
5. Chile Intumescent Coatings Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Chile Intumescent Coatings Historical Market: Breakup by End Use (USD Million), 2018-2022
7. Chile Intumescent Coatings Market Forecast: Breakup by End Use (USD Million), 2023-2028
8. Chile Intumescent Coatings Market Structure
Key Questions Answered in the Report
The market is expected to grow at a CAGR of 4.30% between 2023 and 2028.
The major market drivers include increasing regulations regarding fire safety and growing awareness about the benefits of intumescent coatings in Chile.
The key trends fuelling the growth of the market include increasing construction activities in Chile and growth of manufacturing industries in the country.
The significant types of intumescent coatings are water-based, solvent-based, and epoxy-based.
The primary applications of intumescent coatings in the market are cellulosic and hydrocarbon.
Intumescent coatings are layers of specialised materials that react to heat and expand, forming a protective layer on a surface.
The major end uses of intumescent coatings include construction, automotive, oil and gas, and aerospace, among others.
The key players in the Chile intumescent coatings market, according to the report, are The Sherwin-Williams Company, PPG Industries, Inc., Akzo Nobel N.V., 3M Co., Wacker Chemie AG, Arkema SA, Promat Inc., and Jotun a/s, among others.
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