Executive Summary Intumescent Coatings

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Executive Summary Intumescent Coatings

  1. 1. US & Western European Intumescent Coatings Market N64D-39 August 2009 N64D-39 August 2009
  2. 2. Disclaimer <ul><li>Frost & Sullivan takes no responsibility for any incorrect information supplied to us by manufacturers or users. </li></ul><ul><li>Quantitative market information is based primarily on interviews and therefore is subject to fluctuation. </li></ul><ul><li>Frost & Sullivan research services are limited publications containing valuable market information provided to a select group of customers in response to orders. Our customers acknowledge when ordering that Frost & Sullivan research services are for our customers’ internal use and not for general publication or disclosure to third parties. </li></ul><ul><li>No part of this research service may be given, lent, resold or disclosed to non-customers without written permission. </li></ul><ul><li>Furthermore, no part may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the permission of the publisher. </li></ul><ul><li>For information regarding permission, write: </li></ul><ul><li>Frost & Sullivan </li></ul><ul><li>4 Grosvenor Gardens </li></ul><ul><li>Sullivan House </li></ul><ul><li>London SW1W 0DH </li></ul><ul><li>United Kingdom </li></ul><ul><li>© 2009 Frost & Sullivan. All rights reserved. This document contains highly confidential information and is the sole property of Frost & Sullivan. No part of it may be circulated, quoted, copied or otherwise reproduced without the written approval of Frost & Sullivan. </li></ul>N64D – 39
  3. 3. Certificate <ul><li>We hereby certify that the views expressed in this research service accurately reflect our views based on primary and secondary research with industry participants, industry experts, end users, regulatory organisations, financial and investment community and other related sources. </li></ul><ul><li>In addition to the above, our robust in-house forecast and benchmarking models along with the Frost &Sullivan Decision Support Databases have been instrumental in the completion and publishing of this research service. </li></ul><ul><li>We also certify that no part of our analyst compensation was, is or will be, directly or indirectly, related to the specific recommendations or view expressed in this research service. </li></ul>N64D – 39
  4. 4. Intumescent Coatings Market - Overview and Definitions <ul><li>Intumescent Coatings are increasingly being used in the Passive Fire Protection Systems market as compared to Boards and Spray Applied Fire Resistant Materials (SFRMs) due to added benefits associated with them </li></ul><ul><li>Coatings are categorised according to severity of the fire they are intended to protect against: </li></ul><ul><li>(1) Cellulosic - intended to simulate natural carbonaceous-type materials such as wood and paper, these fires have relatively slow heat rise and peak temperatures of 950°C </li></ul><ul><li>(2) Hydrocarbon - intended to represent fires fuelled by oil spills or gas clouds, characterized by higher heat fluxes and faster time to a maximum temperature of 1100 °C </li></ul><ul><li>(3) Jet Fires - a unique type of hydrocarbon fire caused by pressurized gases or fuels that are released through an orifice and then ignited. These produce even higher heat fluxes: peak temperatures can exceed 1200 °C and generate highly erosive forces </li></ul><ul><li>Intumescent Coatings are mainly used in the Hydrocarbon and the Cellulosic Markets </li></ul>Snapshot : Intumescent Coatings Market “ Intumescent coatings can be defined as the foaming and swelling of a material when exposed to high surface temperatures or flames”. Basically used on Structural Steel, Intumescent Coatings function via formation of an insulating multi-cellular char which forms in-situ when the coating is exposed to high temperatures. The char acts to insulate the steel in a fire situation and thus reduces the heat-up rate of the structure.  In effect the reduction in the heat-up rate prolongs the structure’s mechanical properties and as such gives longevity to its load bearing capability. As the intumescent doesn’t actively tackle a blaze it is known as passive fire protection. N64D – 39
  5. 5. Industry Challenges Industry Challenges High R&D Expenditure Calls for Significant Investment Testing of Intumescent Products on Different National Regulations within Western Europe Application Issues with Single Component Intumescent coating products Increasing Raw Materials cost puts pressure on Coating Manufacturers Increasing the Durability of Water-Based Intumescent Coatings N64D – 39 Intumescent Coatings Market: Impact of Top Five Industry Challenges (U.S. + Europe), 2009-2015 Source: Frost & Sullivan
  6. 6. Market Drivers Fire Protection Requirements Drive Demand Potential Growth Opportunities for Epoxy-based intumescent coatings is Expected to Drive Demand Aesthetic and Durability Advantages of Intumescent Coatings Drive Sales Market Drivers Trend towards Increasing Multi-Functionality of Intumescent Coating products N64D – 39 Intumescent Coatings Market: Market Drivers Ranked in Order of Impact (U.S. + Europe), 2009-2015 Source: Frost & Sullivan
  7. 7. Market Restraints Global Economic Downturn Decline in Construction activities In U.S. and Western Europe Market Restraints N64D – 39 Intumescent Coatings Market: Market Restraints Ranked in Order of Impact (U.S. + Europe), 2009-2015 Source: Frost & Sullivan
  8. 8. Industry Forces Intumescent Coatings Market: Industry Forces (U.S. + Europe), 2008 N64D – 39 Note: Thorough analysis of all these forces is contained in the report itself. Entry into the intumescent coatings market is not easy. The technology for formulating intumescent coatings is difficult to develop or duplicate. In addition, the products must be fire tested at a high cost. Therefore, it is difficult for newer companies, especially those in low-cost regions of the world, to enter the market and be competitive.
  9. 9. Market & Regional Revenue Segmentation N64D – 39 <ul><li>In 2008, Western Europe accounted for 75.4 percent of the market revenues while 24.6 percent was contributed by the U.S. </li></ul><ul><li>For total hydrocarbon market, Western Europe accounted for 85.4 percent of the market revenues while 14.6 percent was contributed by the U.S region in 2008. </li></ul><ul><li>For total cellulosic market, Western Europe accounted for 73.4 percent of the market revenues while 26.6 percent was contributed by the U.S. region in 2008 </li></ul><ul><li>In 2008, UK was the largest intumescent coatings market in Western Europe. In Germany, only 30 percent of commercial construction buildings have exposed structural steel, which restricts the size of the German Cellulosic Intumescent coatings market. </li></ul>Intumescent Coatings Market Revenue Segmentation: (U.S. + Western Europe), 2008 Intumescent Coatings Market Revenue Segmentation: (Western Europe), 2008 Source: Frost & Sullivan
  10. 10. Markets & Products Trends <ul><li>CELLULOSIC MARKET TRENDS </li></ul><ul><li>Trend towards Increasing Multi-Functionality of Intumescent Coating Products </li></ul><ul><li>An overall trend toward increased multi-functionality in coatings should also have a positive effect on the fire-suppressant coatings sector. The market is demanding additional functionality above and beyond aesthetic appeal and protective properties. Examples include cool roof, self-cleaning, and biocidal coatings. It is not a big leap to suggest that fire protection capability will eventually be incorporated into a broader set of coatings. Of course, ultimately more expanded use will be determined by economics, i.e. whether or not the technology can be achieved at an appropriate price point </li></ul><ul><li>HYDROCARBON MARKET TRENDS </li></ul><ul><li>Shift in Product usage from Cementitious Materials to Intumescent Coatings in the Onshore Hydrocarbon Market </li></ul><ul><li>The Onshore Hydrocarbon market was traditionally using Light Weight Cementitious Materials as a measure for Passive Fire Protection systems. Major fire mishaps in the past, for instance the Piper Alpha Platform fire, have forced the facility owners to move away from the Cementitious Materials towards the Intumescent Coatings. </li></ul>Source: Frost & Sullivan N64D – 39
  11. 11. Revenue Forecasts Note: All figures are rounded; the base year is 2008. Source: Frost & Sullivan Intumescent Coatings Market: Revenue Forecasts (U.S. + Europe), 2005-2015 N64D – 39
  12. 12. Market Share Analysis N64D – 39 Intumescent Coatings Market: Company Revenue Percent Share (U.S. + Europe), 2008 Note: All figures are rounded; the base year is 2008. Source: Frost & Sullivan Others include 3M; Advanced Nano Products; Bollom Fire Protection; Contego International; Crown Paints; Dampney Co., Inc; Firetherm; Flame Control Coatings, Inc.; Flame Stop; Rudolf Hensel GmbH; International Fire Resistant Systems, Inc; No Fire Technologies; Plasma Coatings; Protega Coatings Limited; Sika Corporation; Tor Coatings Limited; TPR ²; Valentine; and so on
  13. 13. For Additional Information Brian Balmer Global Programme Manager Performance Materials - CMF +44(0) 1865-398-634 [email_address] Stephen Taylor European Sales Manager Chemicals, Materials and Food +44(0) 207-343-8308 [email_address]

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