Dublin, Feb. 14, 2024 (GLOBE NEWSWIRE) -- The "Cellulosic Fire Protection Intumescent Coatings Market by Type (Water-borne, Solvent-borne), End-use, Material Type (Acrylic, Epoxy, Alkyd, VAE), Substrate Type (Structural Steel & Cast Iron, Wood), and Region - Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The global cellulosic fire protection intumescent coatings market size is projected to grow from USD 601 million in 2023 to USD 725 million, at a CAGR of 3.8%. Cellulosic fire protection intumescent coatings stand at the forefront of fire safety technology, poised to revolutionize safety measures across various industries.
Market Dynamics
- Drivers
- Stringent Safety Regulations
- Increased Preference for Lightweight Materials in Building & Construction Sector
- Regulations for Green and Smart Buildings and Focus on Obtaining Green Certification
- Restraints
- Issues Pertaining to Material Compatibility and Cost
- Opportunities
- Rise in Demand for Fire-Resistant Coatings in Renovation Projects
- Increased Demand for Water-Borne Intumescent Coatings
- Challenges
- Navigating Regulatory Complexity
The market is segmented by Type (Water-borne, Solvent-borne), Material Type (Epoxy, Alkyd, Acrylic, VAE, and Others), End Use (Residential and Commercial), Substrate (Structural Steel & Cast Iron, Wood, and Others), and Region (North America, Europe, Asia Pacific, the Middle East & Africa, and South America). The study's coverage covers detailed information on the key factors influencing the growth of the cellulosic fire protection intumescent coatings market, such as drivers, constraints, challenges, and opportunities.
A thorough examination of the top industry players was carried out in order to provide insights into their company overview, solutions, and services; essential strategies; contracts, partnerships, and agreements. There includes coverage of new product and service launches, mergers and acquisitions, and ongoing developments in the cellulosic fire prevention intumescent coatings market. A competitive analysis of emerging companies in the cellulosic fire prevention intumescent coatings business ecosystem is included in this study.
The key companies profiled in this report are Kansai Paints Co. Ltd (Japan), ETEX Group (Belgium), Sika AG (Switzerland), RPM International Inc (US), Jotun (Norway), PPG Industries, Inc (US), The Sherwin-Williams Company (US), AkzoNobel N.V. (Netherlands), and others.
The water-borne segment is expected to register one of the highest market share during the forecast period
Water-borne cellulosic fire prevention intumescent coatings are extremely effective against cellulose-fueled flames. Because they are more ecologically benign than solvent-borne coatings, intumescent coatings are becoming increasingly popular. Water-borne intumescent coatings contain less hazardous particles, making them more suited for nations or regions with stringent environmental restrictions. These coatings are widely used in the indoor and dry regions of residential and commercial constructions. In the near future, the growing trajectory of urbanization is likely to play a critical role in supporting the growth of the water-based cellulosic fire prevention intumescent coatings market.
The structural steel & cast iron segment in substrate type is expected to register one of the highest market share during the forecast period
Structural steel and cast iron substrates have established themselves as pivotal building materials within the expansive domain of the building and construction industry. The influence of these substrates transcends borders, with the American Society of Steel Construction reporting their dominance in the construction materials landscape, particularly in the United States. In fact, their significance is mirrored by the housing and construction sector's staggering consumption of steel, accounting for over 50% of the global steel production, as highlighted by the World Steel Association. Steel's multifaceted utility extends its grasp across a spectrum of critical sectors, spanning energy, automotive, transportation, infrastructure, packaging, and machinery. As the world's population burgeons, steel's role becomes even more pivotal, with projections indicating a 20% surge in steel use by 2050 to cater to burgeoning demands.
North America cellulosic fire protection intumescent coatings market is estimated to capture one of the highest share in terms of volume during the forecast period
North America has the greatest market for cellulosic fire prevention intumescent coatings. The growth of the North American cellulosic fire protection intumescent coatings market is primarily attributed to the National Fire Protection Association's (NFPA) stringent regulations and standards & norms in the US, as a result of which intumescent coatings have gained significant attention in the building & construction industry. It is attributable to increasing investment in the residential and commercial sectors, as well as megaproject building. In addition, the building of new airports, metros, and tunnels is increasing the region's economy. The North American building and construction sector offers a promising panorama of development potential, supported by a confluence of forces that influence its destiny collectively. The region's construction sector is a critical engine of economic growth, positioned to capitalize on different possibilities while navigating possible hurdles.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 289 |
| Forecast Period | 2023-2028 |
| Estimated Market Value (USD) in 2023 | $601 Million |
| Forecasted Market Value (USD) by 2028 | $725 Million |
| Compound Annual Growth Rate | 3.8% |
| Regions Covered | Global |
Companies Mentioned
- AkzoNobel N.V.
- Albi Protective Coatings
- Arabian Vermiculite Industries
- Bollom
- Coatings & Specialties Solutions
- Contego International Inc.
- Dekoterm
- Etex Group
- GCP Applied Technologies
- Hempel A/S
- Intumescent Systems Ltd.
- Isolatek International
- JF Amonn Srl
- Jotun
- Kansai Paint Co. Ltd.
- PPG Industries, Inc.
- RPM International Inc.
- Rudolf Hensel GmbH
- Sika AG
- Stancolac SA
- Teknos Group
- The Sherwin-Williams Company
- United Supreme Group
For more information about this report visit https://www.researchandmarkets.com/r/oma50h
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