With industrialisation showing no signs of slowing down, the need for having proper safety regulations in place is also highlighted. Incidences of fire hazards, electric burns, and similar instances continue to generate demand for materials that aid in mitigating any potential fatalities in similar accidental incidents. This will remain the prime factor generating demand for intumescent coating, says a new report in the pipeline of Fairfield Market Research. The report projects epoxy-based coating to remain the top-selling category. On account of its economic, and technical advantage, epoxy-based intumescent coatings will continue to be at the forefront of demand in the global intumescent coating market.

Growing Inclination toward Proper Fire Safety Management to Accelerate Market Expansion

Increasing concerns around the lack of sufficient planning related to proper construction practices, and infrastructure that promotes fire prevention and mitigation have been repeatedly highlighting the associated potential risks. An increasing number of authorities, and institutions showcasing their willingness to invest in the necessary precautionary measures as a step toward improved fire hazard safety management. This according to the report will stimulate the growth of intumescent coating market.

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Demand from Construction Industry Continues to Proliferate

Predominantly adopted for its firefighting abilities, intumescent coating also makes a sought-after choice in construction projects for its resistance against heavy rains, corrosion, and adverse weather. It also finds wide application in new construction projects, both residential and commercial, and renovation/redevelopment projects owing to its high service life. Increasing awareness about functional, and commercial advantages of using intumescent coating is expected to sustain demand in the near future. With building safety garnering greater attention, opportunities are likely to spring up for intumescent coating manufacturers.

North America Continues to Lead its Way in Global Intumescent Coating Market

Over the recent past, there have been records of massive industrial losses due to fire hazards. While this has been compelling industries to make it point first to adopt recommended industry-specific fire safety measures, this is likely to supplement the demand for intumescent coating solutions. In line with the growing stringency of fire safety regulations in North America, especially the US, demand for intumescent coatings continues to take off. The steadily increasing number of domestic construction projects in the region, and the consistently accelerating oil and gas explorations further uplift the adoption potential of intumescent coatings in the North American market.

Competition Analysis – Intumescent Coating Market

Some of the leading companies operating in global intumescent coating market, include Contego International Inc., AkzoNobel, Hempel A/S, Demilec Inc., 3M, and Sika AG. The report dedicates a section to competition analysis of the global market for intumescent coating market that covers the exclusive insights on the strategic and financial profiles of the most prominent players driving competition in the market.

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