Dublin, October 27, 2021 (GLOBE NEWSWIRE)-"The market for cellulose fire-resistant intumescent coatings is based on type (water-based, solvent-based), end use, material type (acrylic, epoxy, alkyd, VAE), substrate Type (Structural Steel and Cast Iron, Wood) and Region-Global Forecast to 2026" report has been added to ResearchAndMarkets.com's products.
The global cellulose fireproof intumescent coatings market is expected to grow from US$559 million in 2021 to US$671 million in 2026, with a compound annual growth rate (CAGR) of 3.7% from 2021 to 2026.
The growth of this market is mainly due to the growing number of residential and non-residential buildings worldwide that are expected to drive the market.
In addition, the number of fire accidents leading to casualties and property losses continues to increase, leading to the implementation of various fire safety and fire protection codes, regulations and standards. In this regard, compared with other regions, North America and Europe have the largest number of safety regulations and regulations.
In the United States, the International Code Committee (ICC) and the National Fire Protection Association (NFPA) have recommended a number of standards and codes related to fire safety and protection in the construction, infrastructure, and industrial sectors.
In the United Kingdom and Germany, according to British Standard 476 and ETA and DIN 4102 standards, a number of regulations related to fire safety and standards for building steel structures have been implemented.
However, the COVID-19 pandemic has severely affected the European Union 5 countries, the United States, Russia, Poland and the Nordic countries. As a preventive measure, construction activities have been suspended. A number of construction projects in Europe and North America have been suspended, resulting in a decline in the demand for cellulose fire-retardant intumescent coatings.
In addition, supply chain disruption has been a major issue facing the paint and coatings industry, which is expected to lead to higher prices of raw materials and other products.
"The commercial sector is expected to maintain its advantage throughout the forecast period"
It is estimated that by 2021, the global commercial building construction will account for the largest share of the global cellulose fire-resistant intumescent coatings market, followed by the residential sector in terms of value. It is expected that during the forecast period, increased construction activities and increased investment in the development of commercial sectors in the Asia-Pacific region and MEA emerging economies will drive market demand.
"It is estimated that the water-based coatings sector has a majority share in the market."
Based on the type, the water-based coatings sector is estimated to account for the majority of the entire cellulose fire-retardant intumescent coatings market. The main factor driving this market segment is the growing demand for green products. Water-based coatings are easier to clean, reduce the risk of fire, and reduce exposure to VOCs.
"It is expected that North America will account for the largest market share during the forecast period"
It is expected that from 2021 to 2026, North America will lead the global cellulose fire-retardant intumescent coatings market. The United States is the largest market for cellulose fire-resistant intumescent coatings in North America. In North America, there are strict regulations on building and construction fire safety to ensure safety and prevent fire accidents.
As a result, the demand for intumescent coatings in the residential, commercial, and institutional sectors has increased significantly. However, in 2019, construction spending in the residential and commercial sectors supported the growth of the industry, which in turn led to an increasing demand for intumescent coatings.
The COVID-19 pandemic has suspended trade and many industrial activities. According to data from the International Monetary Fund, US GDP fell by 3.5% in 2020. In addition, construction activity in 2020 has dropped significantly. Therefore, the demand for intumescent coatings will also decline in 2020.
The cellulose fire-retardant intumescent coatings market includes major manufacturers such as Akzo Nobel (Netherlands), Sherwin-Williams (USA), PPG Industries (USA), Sika (Norway), RPM International (Japan), Jordan (Norway) , And Hempel (Denmark).
Strict government supervision of building and construction from 2021 to 2026 will promote market development
The water-based sector and the United States account for the largest proportion
Saudi Arabia will record the highest compound annual growth rate
Global awareness of safety measures is constantly improving, laws and regulations are constantly changing and increasing attention
The construction industry is increasingly favoring lightweight materials
The number of fire accidents worldwide is increasing
New rules for green and smart buildings and increasing attention to obtaining green certification
The economic slowdown and impact of COVID-19 on the construction industry
The demand for fire-retardant coatings in decoration projects continues to grow
The growing demand for water-based intumescent coatings
Issues related to coating application and durability
Integration and expansion of production facilities for cellulose fire-resistant intumescent coatings
For more information about this report, please visit https://www.researchandmarkets.com/r/9yf6xa
Buffett bet on his favorite company. It may be time to follow suit.
Shopify (NYSE: SHOP) shares soared 12% on Thursday, setting a new closing high of $1,669.52, as investors' enthusiasm for the e-commerce leader reached a climax. Shopify's third-quarter revenue increased 46% year-on-year to $1.1 billion. "Our results show that Shopify works well and provides our merchants with the tools they need to differentiate themselves in more and more markets," Chief Financial Officer Amy Shapero said in the company's financial report.
Although silver prices have risen by nearly 6% so far in November, investors have not considered Fortuna Silver Mines (NYSE: FSM) as a very shiny option today. Investors today decided to sell shares due to increased doubts surrounding the continued operation of the company’s core silver and gold assets in San Jose, Mexico. At the same time, analysts’ bearish views on the stock provided further impetus for investors to exit positions.
(Bloomberg) - According to Resta Energy, soaring oil and gas prices are spurring output from West Texas to the upper reaches of the Great Plains, which may increase production to the lowest level since the beginning of the pandemic. Most articles from Bloomberg have Amazon sued for drivers rushing to deliver the new Hong Kong Museum trying to please the art world and Beijing why Hong Kong is building a parking space-sized apartment Biden plans to fund new bridges that locals may build
After the recent correction, the share price of big data experts has fallen about 3.5% year-to-date.
With several electric vehicle (EV) stocks rising this week, QuantumScape (NYSE: QS) will not be left far behind. According to data from Standard & Poor's Global Market Intelligence, as of 1:30 pm Eastern Time on Friday, the electric vehicle battery technology company's stock price has risen by 23.6% this week. The passage of the long-awaited infrastructure bill this week and QuantumScape's growth initiatives drove the stock higher.
Part of the reason Wall Street's major banking companies build their reputations is that they can clearly see the dark future. JPMorgan Chase has a good reputation on Wall Street, and the asset management team of this banking giant has recently been collectively looking forward to the future. "We increasingly believe that this pandemic will not leave many scars on the economy, but we expect that policy interventions at the height of the crisis will have a long-term impact on the market... Our overall message is optimistic,"
Michael O'Rourke, JonesTrading's chief strategist, said in a phone call that day that investors ignore history and the stock market bubble that will inevitably burst.
It can be expected how individual shareholders who own shares in both will be affected by the news.
For investors of cryptocurrency miners, this week has been a rather volatile week. The US-based Riot Blockchain (NASDAQ: RIOT) has outperformed its peers. Since the close on Friday, the intraday high this week is close to 40%. Competitor Canaan (NASDAQ: CAN) also performed solidly. The highest point this week was up 23% from last year. SOS Limited (NYSE: SOS) underperformed and fell about 30% in a week. Weekly basis.
Deere & Co. and the American Federation of Automobile Workers reached a third provisional agreement on a contract to end the strike of agricultural and construction equipment manufacturers that began on October 14.
AT&T's (NYSE: T) stock price hit a 52-week low of $24.54 on November 4, after the company delayed the launch of C-band spectrum, which is an integral part of its new 5G network, awaiting aviation safety review . CEO John Stankey, who took over the top spot last year, is returning AT&T to its roots in the telecommunications industry after his predecessor ventured a series of expensive entertainment-related acquisitions. A key reason to consider AT&T stock is the strong growth of its wireless business.
The Swedish manufacturer of health-conscious energy drinks is declining from last week's all-time high. The mixed earnings report didn't fully help.
The research director of Public Citizen Zain Rizvi and Yahoo Finance live reporter Anjalee Khemlani talked about the legal battle over Moderna vaccine patents.
(Bloomberg)-Even after the blockbuster IP0 of rival electric car manufacturers, Elon Musk is not completely optimistic about the prospects of Rivian Motors. The post-apocalyptic food crisis Hong Kong’s new museum is trying to please the art world-the popular islands of Beijing and Greece are crowded-the CEO of Plastic Tesla said he hopes Rivian will increase productivity and
The share price of AstraZeneca (NASDAQ: AZN) fell by 6.9% at 1:52 pm Eastern Time on Friday after the major drugmaker announced its third-quarter results. AstraZeneca reported revenue of US$9.9 billion for the quarter.
The company broke Wall Street expectations on Monday, and many analysts praised its performance the next day.
As the market share of PCs and server processors is expected to continue to grow, Advanced Micro Devices' stocks rose. With the stock price falling behind, is AMD stock worth buying now?
It recently split its management infrastructure business into a company called Kyndryl (NYSE: KD), and removed a non-core business from its balance sheet. In addition, the management promised that the two companies will maintain the current combined dividend.
NICE may be the largest technology company you have never heard of. Its innovation around customer service is creating opportunities for investors.