North America Intumescent Coatings Market is likely to register over 4.5% gains by 2026 | By Top Key Players Profiled: Hempel Rudolf Hensel, Null Fire, Flame Control, 3M, Carboline, AkzoNobel, PPG Industries Inc.
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Top Key Players in The Market are:
3M Company, AkzoNobel, Albi Manufacturing, PPG Industries, Sherwin-Williams, SIKA AG, Jotun Group, Isolatek International, Hempel, Flame Control Coatings, Firetherm, Crown Paints, Carboline, Bollom Fire Protection, and Albi Manufacturing
Additionally, along with the aforementioned growth-driving trends, the growing need for low VOC emission coatings is also likely to add up to the overall industry outlook through the projected analysis period.
According to Global Market Insights Inc., the global intumescent coatings market is projected to surpass a valuation of $1.3 billion by the end of 2026.
Rising adoption of intumescent coatings across the global construction sector
The construction sector is observing a period of tremendous growth over the past few years and is likely to see this growth trend continue over the coming years owing to the increasing population and the rising middle-class across the world.
Growing renovation and construction activities, which are supported by rapidly increasing investments towards the modernization of existing infrastructure would further complement the market size. Intumescent coatings are utilized to strengthen bars, steel columns, and standings while also providing high resistance to a plethora of environmental susceptibilities like air, chemicals, and moisture.
Additionally, an upsurge in the construction of high rise buildings coupled with strict regulatory norms that focus on decreasing the overall number of fatalities caused by fire breakout would further accelerate the overall intumescent coatings market size growth.
Increasing usage of the solvent-based intumescent coatings market
Based on the technology segment, solvent-based intumescent coatings are estimated to foresee a rising demand owing to their extensive use for passive fire protection, particularly in off sight applications where heat and humidity resistance are the most primary parameters.
Additionally, the compatibility of solvent-based intumescent coatings market with several materials, its high chemical and thermal resistance, as well as its economic nature are among some of the exclusive features that are driving their demand across the overall intumescent coatings market landscape.
In addition, the growing demand for stringent safety parameters in high-performance vehicles is likely to be another key factor proliferating the segment share.
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Growing European construction sector
An upsurge in construction of commercial and residential buildings in Europe is anticipated to be a major factor augmenting the Europe intumescent coatings market share. Furthermore, increasing investments towards the renovation of old buildings throughout the region would further complement the regional market share over the coming years.
The construction sector is highly susceptible to fire, which can easily be delayed or prevented through the use of cellulosic intumescent coating, primarily due to its excellent time range when it comes to fire protection.
In addition, the growing consumer inclination towards fire-proofing their respective residential structres is likely to further push the regional intumescent coatings industry share over the projected timeframe.
The competitive landscape of the global intumescent coatings market is inclusive of players such as Nullifire, Crown Paints, Bollom Fire Protection, Carboline, AkzoNobel, and 3M Company among others.
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