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Intumescent Coatings Market Share, Size, Analysis, Regional Outlook, Growth, Trends and Forecasts to 2024 | Hexa Research
“The rising demand from various end-use industries is expected to fuel the Intumescent Coatings Market to growth at a CAGR of 4.6% over a period from 2016 to 2024”
Intumescent coatings have the capability to protect materials from fire and its resulting damage. These coatings, when exposed to fire produce a separate layer called ‘char’ to protect the material by cutting off the oxygen. Its applications include fire-stopping pillows, window casings, and gasketing. The Intumescent Coatings Market is poised to grow due to demand from various industries. It is estimated to exhibit a 4.6% CAGR over the forecast period (2016-2024). A common regulatory standard is an effective barrier against market players attempting to invest in other regions. The global market is segmented according to raw material, end-users, and regions. Raw materials dependent on producing these coatings are hydrocarbon or cellulosic based. The former have large market shares, while the latter will exhibit a high growth rate due to its application across marine, automotive, and construction industries. Hydrocarbon coatings have significant returns in terms of revenue due to their increased use in oil & gas sector. Browse Details of Report @ https://www.hexaresearch.com/research-report/intumescent-coatings-market
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