Overview and Scope
An intumescent is a substance that expands on exposure to heat and is used in fire protection for industries such as automotive, oil & gas, and construction. With an increased temperature, during a fire event, the intumescent coating swells up to form a char layer, which acts as an insulator that keeps high temperatures away from structural members.
Sizing and Forecast
The cellulosic fire protection intumescent coating market size has grown strongly in recent years. It will grow from <b>$0.58 billion in 2023 to $0.61 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. </b> 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 <b>$0.77 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. </b> 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.
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Segmentation & Regional Insights
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
<b>North America</b> was the largest region in the cellulosic fire protection intumescent coating market in 2023. The <b>Asia-Pacific</b> is expected to record the fastest growth over the forecast period. The regions covered in the cellulosic fire protection intumescent coating market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the cellulosic fire protection intumescent coating market include <b> AkzoNobel N.V, The Sherwin-Williams Company, PPG Industries Inc., Jotun AS, Hempel A/S, Contego International Inc., No-Burn Inc., Nullifire Ltd., Carboline Company, Albi Protective Coatings, Isolatek International Ltd., Rudolf Hensel GmbH, 3M Company, Sika AG, Tor Coatings Ltd., Kansai Paints Co. Ltd., ETEX Group Ltd., RPM International Inc., Teknos Group And Paints Private Limited, Leighs Paints Ltd., Sherwin-Williams Protective & Marine Coatings, Firetherm Intumescent & Insulation Supplies Ltd., Albi Manufacturing Ltd., Demilec Inc., GCP Applied Technologies Inc., Firefree Coatings Inc., International Paint Ltd., Contego International Inc., A/D Fire Protection Systems Inc., Crown Paints Ltd. </b>
The cellulosic fire protection intumescent coating market report table of contents includes:
1. Executive Summary
2. Cellulosic Fire Protection Intumescent Coating Market Characteristics
3. Cellulosic Fire Protection Intumescent Coating Market Trends And Strategies
4. Cellulosic Fire Protection Intumescent Coating Market – Macro Economic Scenario
5. Global Cellulosic Fire Protection Intumescent Coating Market Size and Growth
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31. Global Cellulosic Fire Protection Intumescent Coating Market Competitive Benchmarking
32. Global Cellulosic Fire Protection Intumescent Coating Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Cellulosic Fire Protection Intumescent Coating Market
34. Cellulosic Fire Protection Intumescent Coating Market Future Outlook and Potential Analysis
35. Appendix
Top Major Players:
AkzoNobel N.V
PPG Industries Inc.
Jotun AS
Hempel A/S
Contego International Inc
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