PUBLISHER: The Business Research Company | PRODUCT CODE: 1391085
PUBLISHER: The Business Research Company | PRODUCT CODE: 1391085
“Cellulosic Fire Protection Intumescent Coating Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on cellulosic fire protection intumescent coating market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for cellulosic fire protection intumescent coating? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The cellulosic fire protection intumescent coating market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
An intumescent, a substance that undergoes expansion upon exposure to heat, plays a vital role in fire protection across industries such as automotive, oil & gas, and construction. In the event of a fire, the intumescent coating swells with increased temperature, forming a char layer. This layer acts as an insulator, effectively shielding structural members from high temperatures.
Two primary types of cellulosic fire protection intumescent coatings are solvent-borne and water-borne. Solvent-borne coatings consist of organic compounds forming a liquid barrier film applied to a surface to resist corrosion. Typically, during the curing process, solvent-borne coatings exhibit greater durability compared to their water-borne counterparts. On the other hand, water-borne coatings are created by emulsifying binders, pigments, and additives with water. They find application in dry, internally controlled environments with smaller surface areas and less thickness. Cellulosic fire protection intumescent coatings serve residential and commercial purposes, finding application in diverse sectors such as construction, automotive, oil and gas, among others. These coatings contribute significantly to enhancing fire safety measures by creating a protective barrier that prevents the escalation of heat and safeguards crucial structural elements.
The cellulosic fire protection intumescent coating market research report is one of a series of new reports from The Business Research Company that provides cellulosic fire protection intumescent coating market statistics, including cellulosic fire protection intumescent coating industry global market size, regional shares, competitors with a cellulosic fire protection intumescent coating market share, detailed cellulosic fire protection intumescent coating market segments, market trends and opportunities, and any further data you may need to thrive in the cellulosic fire protection intumescent coating industry. This cellulosic fire protection intumescent coating market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The cellulosic fire protection intumescent coating market size has grown strongly in recent years. It will grow from $0.58 billion in 2023 to $0.61 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%.
The expansion witnessed in the preceding period can be ascribed to the implementation of stringent building safety regulations, advancements in the construction industry, a surge in fire incidents, rapid urbanization, the proliferation of high-rise structures, and substantial 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 $0.77 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The anticipated expansion in the upcoming period is linked to factors such as a focus on energy efficiency, bolstering infrastructure resilience, the rise of smart buildings, ongoing advancements in construction materials, and the expanding applications in industrial settings. Key trends expected in the forecast period encompass progress in coating technology, continuous technological innovations, the adoption of advanced intumescent technologies, the implementation of smart fire safety systems, and the integration of fire-resistant materials into building designs.
The cellulosic fire protection intumescent coatings market is poised for growth, propelled by the expanding building and construction industry, fueled by increasing urbanization trends. These coatings, offering fire safety, temperature regulation, and corrosion resistance, find application in both residential and commercial structures. Projections indicate a substantial rise in the residential building construction market from $3489.4 billion in 2020 to an estimated $5193.7 billion by 2025. The global surge in residential and non-residential building constructions is expected to drive the demand for cellulosic fire protection intumescent coatings in the foreseeable future.
Anticipated growth in the cellulosic fire protection intumescent coatings market is closely linked to rising investments in infrastructure development. Infrastructure development, encompassing the construction, upgrading, and maintenance of essential services, is integral to economic growth and quality of life improvement. In the context of infrastructure development, cellulose-based fire protection intumescent coatings play a crucial role by enhancing the fire protection of buildings and structures. These coatings act as effective barriers against extreme temperatures and flames, safeguarding lightweight components from rapid deterioration. In 2022, the U.S. federal government invested $36.6 billion in national infrastructure and allocated $94.5 billion to the provinces, underscoring the pivotal role of infrastructure investments in driving the cellulosic fire protection intumescent coating market.
The landscape of the cellulosic fire protection intumescent coatings market is evolving with the introduction of new and advanced products. Industry players are actively investing in the development of coatings that require fewer applications while ensuring enhanced safety measures. A notable example is Jotun, a Norway-based chemicals company, which, in April 2022, launched SteelMaster 1200HPE. This high-performance epoxy intumescent coating provides infrastructure buildings with protection against cellulosic fires for up to 120 minutes. Positioned as an ideal intumescent product for off-site application, it expedites the construction phase by enabling the application of multiple coats in a single shift without turnaround times. This not only enhances constructability but also translates into significant time and cost savings for project stakeholders.
Prominent players in the cellulosic fire protection intumescent coating market are directing their efforts towards innovative solutions, with a particular emphasis on passive fire protection (PFP) coatings to better address the requirements of their existing customer base. Unlike active fire prevention systems, PFP coatings serve as a protective barrier on industrial components or buildings, mitigating damage during a fire by absorbing heat and insulating covered items, thereby slowing the pace of temperature rise. A case in point is Hempel A/S, a Denmark-based coatings and paints manufacturer, which introduced Hempafire Pro 400 in May 2021. This new passive fire-resistant coating is optimized for a 90-minute duration, preserving the integrity of steel buildings for up to 120 minutes during a fire. Hempafire Pro coatings, according to ISO 12944, can be applied in external situations and corrosion environments up to C4, accommodating various steel profile types for both in-shop and on-site installations.
In a strategic move to enhance technical capabilities and extend product lines, Albi Protective Coatings, a division of StanChem Polymers based in the USA, acquired Dux Paint and its sister companies, Hawthorne Coating, and Hood Products, in January 2021. Albi Protective Coatings, known for manufacturing fire-retardant and fire-resistive coatings for building materials with intumescent fireproofing properties, strengthened its position through this acquisition. The undisclosed investment resulted in the integration of Dux Protective Coatings, providing an extended reach into the larger automotive protective coatings market. With operations continuing from its New Jersey facility, Dux Paint, a USA-based company specializing in industrial protective coatings for refinish, wood, automotive, and direct-to-metal applications, adds a diverse range of products and expertise to Albi's portfolio.
Major companies operating in the cellulosic fire protection intumescent coating market include 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.
North America was the largest region in the cellulosic fire protection intumescent coating market in 2023. The Asia-Pacific is expected to record the fastest growth over the forecast period. The regions covered in the cellulosic fire protection intumescent coating report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The countries covered in the cellulosic fire protection intumescent coating market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.
The cellulosic fire protection intumescent coatings market consists of sales of intumescent coatings and cementitious coatings. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.