Intumescent Coatings Market High Demands and Forecast Report 2021-2026 | AkzoNobel, RPM, PPG, 3M, SKK, Demilec

The global Intumescent Coatings market size is projected to grow in the historic period resulted from economic growth in emerging markets, the rise in awareness of the benefits and developed nations towards Intumescent Coatings costs and increasing production and growing capacity in Chemical industry, and healthy growth of pharmaceutical and food & beverage industry in developing countries, are supporting the growth of the Intumescent Coatings market.

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Intumescent coatings, often referred to as intumescent paint, are used in buildings as a passive fire resistance measure. They can be applied to structural members as an aesthetically pleasing fireproofing product. Intumescent coatings work by undergoing a chemical reaction when heated to form an expanded, thermally insulating layer. The coatings include an acid source — typically phosphorous-based, a carbon source, and one or more blowing agents dispersed in a suitable resin system.

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyses key emerging trends and their impact on present and future development.

Pandemic impact on the Global Intumescent Coatings Market:

1 The Intumescent Coatings industry experienced decline in sector during the COVID-19 pandemic. This is attributed to the sharp decrease in chemical, pharmaceutical, automotive, and industrial sectors.

2 Manufacturing companies has prolonged closure of all its operations at its workplaces and manufacturing areas, until reopening instructions received from the government authorities.

3 In addition, due to reduction in labours in light of social distancing norms amid the COVID-19 pandemic, the Intumescent Coatings industry witnessed significant decrease in the production.

4 At the end of 2019, COVID-19 began to erupt in China, Due to the huge decrease of global economy; we forecast the growth rate of global economy will show a decrease of about 4%, due to this reason, Intumescent Coatings market size in 2020 will be lower than in previous years.

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Intumescent Coatings Market Players:

AkzoNobel
RPM
Albi-StanChem
Sherwin-Williams
JOTUN
Flame Control
PPG
3M
SKK
Demilec
Isolatek
Wacker
ACS
OMNOVA
R. Brothers
Yung Chi
INCA
Beijing Jinyu
Sichuan Tianfu
Shandong Singal
Jiangsu Lanling
Kunshan Ninghua
Henan Zhoangao

Product Type Segmentation:

Cellulose
Hydrocarbon

Industry Segmentation:

Construction
Oil & Gas

Segmentation by Regions:

The research report includes a detailed study of regions of North America, Europe, China and Japan. The report has been given after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, sales, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2021 to 2026.

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Top Industry News:

AkzoNobel completes acquisition of Titan Paints in Spain on 02 March, 2021 -- Akzo Nobel N.V. has completed the acquisition of 100% of the shares of Industrias Titan S.A.U. (Titan Paints), strengthening its paints business and footprint in Spain to become one of the market references in the region.

The transaction includes three production facilities and seven logistics and service centers for decorative paints, including one of the most modern manufacturing plants for water-based paints in Europe in El Prat de Llobregat, near Barcelona.

The business generated revenue of around €80 million. Titan Paints – which also has a relevant presence in Portugal – is one of Spain’s best-known brands. The business shares AkzoNobel’s commitment to sustainable product innovation, with much of its portfolio having received recognition for environmental performance.

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