A new research report by Global Market Insights is predicting the market size of intumescent coatings to surpass $1.2 billion by the year 2024. The market is being pushed the popularity of passive fire safeguard techniques required by structural design codes. The construction industry alone is expected to healthy growth at 4.9% and is expected to account for $450 million in commerce by the year 2024. The main manufacturers of Intumescent coatings are Carboline, Hempel, Sherwin-Williams, Jotun and AkzoNobel.
Intumescent coatings and paints expand when exposed to high temperatures, this cause the material to become less dense. This then increases the insulation it provides to the underlying steel keeping the steel protected from the high temperatures of fire.
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