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The global market value of intumescent fireproof coatings will exceed 1 billion U.S. dollars in 2020

 Last Update: 2021-09-08
 Source: Internet
 Author: User

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According to a report issued by Grand View, an international consulting agency, the General Conference News, the growth of the construction industry, especially the rapid industrialization of China, India, and Indonesia, will promote the growth of the global intumescent fire retardant coatings market
.
In 2014, the global intumescent fire retardant coatings market was valued at approximately… billion U.
S.
dollars, and it will increase to… billion U.
S.
dollars in 2020.
During this period, the compound annual growth rate will reach.

Oil and natural gas are the largest application areas.
In 2014, the demand reached 10,000 tons, accounting for 50.
2% of the global demand for intumescent fireproof coatings
.
The growing global shale gas exploration and demand from refineries in the Asia-Pacific region will also drive its development
.

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