The Cellulosic Fire Protection Intumescent Coatings Market research report offers in-depth information to acknowledge the imperative parts of the market that align demand, raw materials, and capacity; this helps make strategic decisions. In addition, the analysis provides demands for the future, besides the available opportunities for an individual. The study focuses on industry chain analysis, upstream and downstream raw material suppliers, key players, production process analysis, cost analysis, market distribution channels, and major downstream buyers.
Cellulosic Fire Protection Intumescent Coatings Market Overview
The cellulosic fire protection intumescent coatings market size is projected to grow from USD 559 million in 2020 to USD 671 million by 2026, at a CAGR of 3.7% between 2021 and 2028.
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.
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The COVID-19 pandemic has severely impacted EU-5 countries, the US, Russia, Poland, BENELUX, and Nordic countries. As a preventive measure, construction and industrial activities have been suspended. Several construction projects in Europe and North America have been suspended, which has resulted in a decline in demand for the cellulosic fire protection intumescent coatings. Due to the COVID-19 pandemic, the supply chain has been disrupted which significantly impacted the paints and coatings industry, which lead to a rise in the price of raw materials and other products.
Cellulosic Fire Protection Intumescent Coatings Market Regional Analysis
North America is projected to lead the global cellulosic fire protection intumescent coatings market from 2021 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.
Cellulosic Fire Protection Intumescent Coatings Market Competitive Landscape
Key Players
• AkzoNobel
• The Sherwin-Williams Company
• PPG Industries
• Jotun
• Hempel
• RPM International Inc.
Country Level Scope
• U.S
• Japan
• Germany
• U.K
• China
• India
• Brazil
• UAE
• South Africa
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Cellulosic Fire Protection Intumescent Coatings Market 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.
Cellulosic Fire Protection Intumescent Coatings Market Reasons to Acquire
• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Cellulosic Fire Protection Intumescent Coatings Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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Table of Contents
Cellulosic Fire Protection Intumescent Coatings Market is segmented into type, end use, material type, substrate type and region.
On the basis of Type
• Solvent borne
• Water borne
On the basis of End-User Industry
• Residential
• Commercial
On the basis of Material Type
• Acrylic
• Epoxy
• Alkyd
• VAE
On the basis of Substrate Type
• Structural Steel & Cast Iron
• Wood
On the basis of region
• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa
The Cellulosic Fire Protection Intumescent Coatings Market report answers a number of crucial questions, including:
What are the years considered to study Cellulosic Fire Protection Intumescent Coatings Market?
What is the compound annual growth rate (CAGR) of the Cellulosic Fire Protection Intumescent Coatings Market?
Which region holds the largest market share in Cellulosic Fire Protection Intumescent Coatings Market?
Which region is the fastest growing in Cellulosic Fire Protection Intumescent Coatings Market?
Who are the major players in Cellulosic Fire Protection Intumescent Coatings Market?
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