From GlobeNewswire: 2024-11-21 08:08:00

The Cellulosic Fire Protection Intumescent Coatings Market was valued at USD 599.4 million in 2023 and is projected to reach USD 821.6 million by 2032, growing at a CAGR of 3.6% from 2024-2032. Rising construction activities and stringent fire safety regulations are key drivers for the market’s growth.

Water-borne coatings dominate the market due to their eco-friendly nature and faster drying times. Acrylic-based intumescent coatings hold a significant market share, offering excellent adhesion and durability. Structural steel protection is the leading application segment, with the construction industry accounting for 55% of the market share in 2023.

North America leads the Cellulosic Fire Protection Intumescent Coatings Market, holding around 40% of the revenue share in 2023. The region’s dominance is supported by strict fire safety regulations in the U.S. and Canada. Continuous advancements in technology and product innovation are expected to drive significant growth in the market.

Recent developments include Hempel introducing HEET Dynamic software for accurate intumescent coating estimations and PPG Industries launching a new line of coatings providing up to three hours of fire protection. The market is poised for substantial growth fueled by technological advancements and increasing demand for fireproofing solutions in various sectors.

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