August 10, 2021 07:06 ET | Source: ReportLinker ReportLinker
New York, August 10, 2021 (Global News Agency)-Reportlinker.com announced the release of the report "2021 Cellulose Fireproof Intumescent Coatings Global Market Report: COVID-19 Growth and Changes"-https://www.reportlinker. com/p06128248/?utm_source=GNW The global cellulose fireproof intumescent coatings market is expected to grow from USD 46671 million in 2020 to USD 50769 million in 2021, with a compound annual growth rate (CAGR) of 8.78. The increase is mainly due to strict regulations and fire resistance standards for new buildings. The market size is expected to reach 58484 million U.S. dollars in 2025, with a compound annual growth rate of 3.60%. The cellulose fire-resistant intumescent coatings market includes the sale of cellulose fire-resistant intumescent coatings by entities (organizations, sole proprietorships and partnerships) that are engaged in the production of cellulose fire-resistant intumescent coatings to cater to various end-use industries. It is a substance that expands when exposed to heat and is used for fire protection in industries such as automobiles, oil and gas, and construction. As the temperature rises, in the event of a fire, the expansion coating will expand to form a carbon layer, which acts as an insulator, keeping the high temperature away from the structural members. The main types of cellulose fire-resistant intumescent coatings are solvent-based and water-based. Solvent-based paint is a liquid barrier film composed of organic compounds, which is coated on the surface of the material to resist corrosion. During the curing process, solvent-based coatings are generally more durable than water-based coatings. The area and thickness are small. Cellulose fire-resistant intumescent coatings are used for residential and commercial purposes. These coatings are used in various industries, including construction, automotive, oil and gas, etc. North America is the largest region in the cellulose fire-resistant intumescent coatings market in 2020. The Asia-Pacific region is expected to achieve the fastest growth during the forecast period. The regions covered by this report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa. The launch of new and advanced products is shaping the market for cellulose fire-resistant intumescent coatings. Industry participants are investing in the development of coatings that require fewer coatings and provide higher safety. For example, in November 2019, Hempel, a paint solutions manufacturer based in Denmark, launched its new generation of fire-retardant coatings-Hempafire Optima 500, mainly aimed at improving the efficiency of passive fire-retardant coating applications. It achieves this goal by reducing the number. The required coats and the time required to add them provide up to 180 minutes of cellulose explosion defense, 120 minutes is the best. In another example, in March 2019, a Dutch coating company Akzo Nobel launched a new wooden exterior wall element coating system that has a high flame retardant rating for organic materials such as wood. The paint requires much less primer than existing products and has quick-drying characteristics. In January 2021, Albi Protective Coatings (a division of StanChem Polymers), a US-based manufacturer of fire-resistant and fire-resistant coatings for building materials, acquired Dux Paint and its sister company Hawthorne Coating and Hood Products. The number is unknown. By joining Dux Protective Coatings, the technical capabilities of Albi Protective Coatings have been improved, and Albi's intumescent and flame-retardant product line has expanded to the larger automotive protective coatings market. Dux and its current management team will continue to operate and support their customer base at its facility in New Jersey, USA. Dux Paint is a US-based company that provides a wide range of industrial protective coatings for refinish, wood, automotive and direct metal applications. Supported by the process of urbanization, the evolving construction industry is expected to promote the growth of the cellulose fire-retardant intumescent coatings market. These coatings provide fire, temperature and corrosion resistance to residential and commercial structures. For example, the residential construction market is expected to increase from US$3.4894 billion in 2020 to US$5,193.7 billion in 2025. The global growth of residential and non-residential buildings is expected to increase the demand for cellulose fire-resistant intumescent coatings in the near future. The countries/regions covered by the cellulose fire-retardant intumescent coatings market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom and the United States. Read the full report: https://www.reportlinker.com/p06128248/?utm_source=GNW About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so that you can get all the market research you need instantly in one place. __________________________