The Global Cellulosic Fire Protection Intumescent Coating Market was valued at US$ 578.1 million in 2021 and is predictable to reach US$ 793.8 million by 2030; growing at a CAGR of 3.6 % during the forecast period from 2021- 2030.
Intumescent paint is a coating that reacts to the heat that swells too many times in a controlled manner to its original thickness by producing a carbonaceous char developed by numerous small bubbles acting as a passive fire resistance used in the buildings. Cellulosic Fire Protection has a slow rate of temperature with heat fluxes of 100 kW/m2.
Increasing residential and non-residential building construction, and increasing awareness for the safety measure
Increasing residential and non-residential building construction, and increasing awareness for the safety measure with the demand of lightweight materials requiring additional protection are the major factors responsible to drive the market growth across the globe. In addition, expanding urbanization and the rising building & construction industry are also expected to provide ample opportunities for market growth during the forecast period. In the case of non-residential buildings such as industries with the increasing demand for energy, gas, coal bed methane, and shale gas investment for the repair of oil & gas drilling devices is also projected to propel the demand for the cellulose fire intumescent coatings.
Numerous hazards have occurred in the past along with industrialization which has shifted the inclination for the safety of equipment and plants by adopting fire protection coatings. Apart from the protection from fires, such coatings also aid in resistance from weather and corrosion. They need less maintenance and also encompass service life. Further, prolonged exposure of intumescent coatings to the environment alters the properties of their properties. In addition, when expose to fire, the coatings swell up forming a char layer by emitting smoke resulting in lower visibility while evacuation of the people.
COVID-19 has majorly impacted this market
COVID-19 has majorly impacted this market and its impact have been extensively covered under the scope of this study. The regions and countries such as the US, Russia, Poland, EU-5 countries, and Nordic countries have been majorly hit during this pandemic and as a preventive measure, construction activities have been suspended in different regions.
Fluctuation in prices would inhibit the market growth
The fluctuation of the prices of the raw materials is restraining the product demand thus hindering the market growth. In addition, the halt of production activities, and construction projects has resulted in the disruption of the supply chain inhibiting the growth of end-user industries primarily in the construction and automotive industry. However, the recent development of nanotechnology and technological advancement for newer innovative products is predictable to drive the use of fire protection coating shifting the growth of the global market. Moreover, strict government regulations for the safety of fire, building and industry construction, demand for sustainable products is likely to drive the global cellulosic fire protection intumescent coating market.
By type, Water-borne coatings segment holds the major share in the overall cellulosic fire protection intumescent coatings market
The Global Cellulosic Fire Protection Intumescent Coating Market is segmented by type, substrate type, material type, end-user, and region. Based on type, it is categorized into water-borne and solvent-borne. By substrate type, it is bifurcated into wood, structural steel & cast iron, and others. Material type segments into epoxy, alkyd, acrylic, VAE, and others. By end-user, it is bifurcated into residential and commercial.
North America would acquire the major market share during the forecast period
Based on regional insights, the global cellulosic fire protection intumescent coating market is categorized into North America (US, Canada, Mexico, Rest of America), Asia Pacific (India, China, Rest of Asia Pacific), Europe (UK, Germany, Russia, Rest of Europe) and Rest of the world (Latin America and Middle East & Africa).
Acquisitions, joint ventures, expansions, and new product developments are major strategies adopted by key players
Prominent players inducing the Global Cellulosic Fire Protection Intumescent Coating Market are Jotun, Hempel A/S, Nullifire, Carboline, Isolatek International, PPG Industries Inc., Sika AG, Akzo Nobel N.V., Contego International Inc., No-Burn Inc., The Sherwin-Williams Company, Albi Protective Coatings, Rudolf Hensel GmbH, 3M, and Tor Coatings among others.
Segmentation and Scope of the Global Cellulosic Fire Protection Intumescent Coating Market
Global Cellulosic Fire Protection Intumescent Coating Market is segmented by type, substrate type, material type, end-user, and region.
By Substrate Type
By Material Type
Rest of World
Middle East & Africa
Prominent players in the Global Cellulosic Fire Protection Intumescent Coating Market among other includes: