Press release
Cellulosic Fire Protection Intumescent Coating Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | AkzoNobel N.V, The Sherwin-Williams Company, PPG Industries Inc., Jotun AS, Hempel A/S, Contego International Inc.
Cellulosic Fire Protection Intumescent Coating Market Size
The Business Research Company offers in-depth market insights through Cellulosic Fire Protection Intumescent Coating Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The cellulosic fire protection intumescent coating market size has grown strongly in recent years. It will grow from $0.58 billion in 2023 to $0.61 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to building safety regulations, construction industry growth, increased fire incidents, urbanization and high-rise buildings, and infrastructure development.
The cellulosic fire protection intumescent coating market size is expected to see strong growth in the next few years. It will grow to $0.77 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to energy efficiency, infrastructure resilience, growing smart buildings, evolving construction materials, and increasing industrial applications. Major trends in the forecast period include advancements in coating technology, technological advancements, advanced intumescent technologies, smart fire safety systems, and the integration of fire-resistant materials in building designs.
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Market Segmentation:
The main types of cellulosic fire protection intumescent coatings are solvent-borne and water-borne. A solvent-borne coating is a liquid barrier film made up of organic compounds that are applied to the surface of a substance to resist corrosion. During the curing process, solvent-borne coatings are usually more durable than water-borne coatings. A water-borne coating is made by emulsifying the binder, pigments, and additives with water and is used mostly in dry, internal controlled environments having small surface areas and less thickness. Cellulosic fire protection intumescent coatings are used for residential and commercial purposes. These coatings are used in various sectors including construction, automotive, oil and gas, and others.
Major Driver - Building For The Future Urbanization Drives Growth In The Cellulosic Fire Protection Intumescent Coatings Marke
The growing building & construction industry supported by increasing urbanization is expected to propel the growth of the cellulosic fire protection intumescent coatings market. These coatings provide fire safety, temperature, and corrosion resistance in both residential and commercial structures. For instance, the residential building construction market is expected to increase from $3489.4 billion in 2020 to $5193.7 billion by 2025. The growing residential and non-residential building constructions across the globe are anticipated to increase the demand for cellulosic fire protection intumescent coatings in the near future.
Competitive Landscape:
Major companies operating in the cellulosic fire protection intumescent coating market include AkzoNobel N.V, The Sherwin-Williams Company, PPG Industries Inc., Jotun AS, Hempel A/S, Contego International Inc., No-Burn Inc., Nullifire Ltd., Carboline Company, Albi Protective Coatings, Isolatek International Ltd., Rudolf Hensel GmbH, 3M Company, Sika AG, Tor Coatings Ltd., Kansai Paints Co. Ltd., ETEX Group Ltd., RPM International Inc., Teknos Group And Paints Private Limited, Leighs Paints Ltd., Sherwin-Williams Protective & Marine Coatings, Firetherm Intumescent & Insulation Supplies Ltd., Albi Manufacturing Ltd., Demilec Inc., GCP Applied Technologies Inc., Firefree Coatings Inc., International Paint Ltd., Contego International Inc., A/D Fire Protection Systems Inc., Crown Paints Ltd.
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Top Trend - Advancing Fire Safety Innovative Products Reshape The Cellulosic Fire Protection Intumescent Coatings Market
The introduction of new and advanced products is shaping the cellulosic fire protection intumescent coatings market. Industry players are investing in developing coatings that require a lesser number of applications of coats and provide enhanced safety. For instance, In April 2022, Jotun, a Norway-based chemicals company launched SteelMaster 1200HPE, a high-performance epoxy intumescent coating that offers infrastructure buildings protection from cellulosic fires for up to 120 minutes. It is the perfect intumescent product for off-site application, enabling a quicker construction phase. As multiple coats can be applied in a single shift without any turnaround times and constructability is significantly increased, it helps our customers save time and money on projects.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Cellulosic Fire Protection Intumescent Coating Market Characteristics
3. Cellulosic Fire Protection Intumescent Coating Market Trends And Strategies
4. Cellulosic Fire Protection Intumescent Coating Market - Macro Economic Scenario
5. Cellulosic Fire Protection Intumescent Coating Market Size And Growth
…..
27. Cellulosic Fire Protection Intumescent Coating Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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