Cellulosic Fire Protection Intumescent Coating Market Trends And Forecast 2033
The
Cellulosic Fire Protection Intumescent Coating Global Market Report 2024 by The
Business Research Company provides market overview across 60+ geographies in
the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North
America, South America, the Middle East, and Africa, encompassing 27 major
global industries. The report presents a comprehensive analysis over a ten-year
historic period (2010-2021) and extends its insights into a ten-year forecast
period (2023-2033).
Learn More On The Cellulosic Fire Protection Intumescent Coating Market:
https://www.thebusinessresearchcompany.com/report/cellulosic-fire-protection-intumescent-coating-global-market-report
According to The Business Research Company’s Cellulosic Fire Protection
Intumescent Coating Global Market Report 2024, 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.
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.
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The cellulosic fire protection intumescent coating market covered in this
report is segmented –
1) By Type: Solvent-borne, Water-borne
2) By Application: Residential, Commercial
3) By End Use Industry: Construction, Automotive, Oil and Gas, Other End Use
Industries
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 cellulosic fire protection intumescent coating market report table of
contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
.
.
.
27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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