Cellulosic Fire Protection Intumescent Coatings Market research report by Delvens focuses on primary sections such as – market segments, market outlook, competitive landscape, and company profiles. The segments provide details in terms of various perspectives such as end-use industry, product or service type, and any other relevant segmentation as per the market’s current scenario which includes various aspects to perform further marketing activity.
The cellulosic fire protection intumescent coatings market size is projected to grow from USD 559 million in 2020 to USD 671 million, at a CAGR of 3.7% and 2028.
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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.
The growing residential and non-residential building constructions across the globe, increasing awareness and emphasis on safety measures as well as increasing preference for lightweight materials, which require additional protection are some of the factors that have supported long-term expansion for Cellulosic Fire Protection Intumescent Coatings Market.
Regional Analysis
North America is projected to lead the global cellulosic fire protection intumescent coatings market to 2026. The US is the largest market for cellulosic fire protection intumescent coatings in North America. In North America, stringent regulations pertaining to fire safety in building and construction to ensure the safety and protection from fire accidents.
Key Players of Cellulosic Fire Protection Intumescent Coatings Market
· AkzoNobel
· The Sherwin-Williams Company
· PPG Industries
· Jotun
· Hempel
· RPM International Inc. and More
Recent Developments
In May 2020, Hempel has begun the construction of a new factory in Yantai Chemical Industrial Park, China. The plant will have a production capacity of more than 100,000 tons per year and will be inaugurated by 2021.
In March 2019, AkzoNobel launched the new fire protection coating system for the wooden building façade, which got approved in Europe.
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