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      . . News – AU – The refractory coatings market...

      . . An increasing awareness and emphasis on safety measures and a preference for lightweight materials that require additional protection are expected to drive the market. The strict regulations and standards also support market growth as the newly constructed buildings and production facilities must meet the required safety and fire resistance standards. New York, Dec. . 04, 2020 (GLOBE NEWSWIRE) - Report linker. com Announces the Release of the Report "Refractory Coatings Market By Type, Technology, Substrates, Application Technology, Application, And Region - Global Forecast to 2025" - https: // www. reportlinker. com / p05994463 /? utm_source = GNW Increasing urbanization and the growing & construction industry are expected to offer growth opportunities in the market during the forecast period. The use of inexpensive cementitious coatings in developing countries and in arid environments should support market growth. New rules for green and intelligent buildings and growing focus on obtaining green certification In July 2018, new rules for the energy efficiency of buildings came into force as part of the Clean Energy for all European package, also known as the Clean Energy Package (CEP) becomes. . Buildings are responsible for around 40% of energy consumption and 36% of CO2 emissions in the EU. These new regulations will make buildings greener and more energy efficient. In order to meet the environmentally friendly criteria and to ensure the greatest possible safety against fire, a thin layer of intumescent coating has proven to be a better alternative to conventional fire protection systems. Since these coatings offer fire protection to the light components of buildings, they are also gaining in importance in the field of environmentally friendly buildings. Impact of COVID-19 on Refractory Coatings Market Most North American and European countries, particularly the US, Italy, Spain, UK, France and Germany have been hit hard by the COVID-19 pandemic. The cessation of operations in several manufacturing sectors has led to a decline in GDP in these countries. According to the OECD, the GDP of the European Union (EU) has decreased by 3. 3% in the first quarter of 2020. Due to the COVID-19 pandemic, demand from the industrial sector fell sharply in Q-1 and Q-2 of 2020. These effects were compounded by falling & oil gas prices and the massive gap between supply and demand. Due to economic losses, several large construction projects were halted and suspended until the economy recovered. This decrease in construction spending in Europe will in turn lead to a decrease in the demand for refractory coatings. The intumescent coatings segment is estimated to have a larger market share in 2019. Intumescent coatings are either solvent-based or water-based and are mainly used in buildings and construction. The use of cementitious coatings increases the overall weight of the structures. Intumescent coatings are advantageous over their substitutes because they are thinner, have better fire protection properties and significantly reduce the overall weight of the structures and substrates. The construction industry & is estimated to have the largest share of the market for refractory coatings. The construction industry & is expected to account for the largest share of the refractory coatings market in 2019, closely followed by the industrial segment in terms of value. Increasing construction activity and an increase in the number of manufacturing facilities in the emerging markets in APAC and MEA should drive market demand over the forecast period. The waterborne coating technology segment is expected to have the largest share of the refractory coatings market. Based on the technology, the waterborne coating technology segment is estimated to have the largest share of the total refractory coatings market. The main factor for this segment is the increasing demand for environmentally friendly products. Water-based coatings are easier to clean, reduce the risk of fire and result in less exposure to VOCs. Through the application techniques, it is estimated that the spray segment has a majority share in the refractory coatings market. Based on application techniques, the spray segment dominated the market for refractory coatings. This technique is faster, has better efficiency, requires fewer coats, provides a smoother finish, and can be used to coat complex geometries. These factors make it the preferred application technique for refractory coatings. Europe forecast the largest share of the market for refractory coatings in the forecast period. Europe had the largest share of the global refractory coatings market in 2019. The growth of the refractory coatings market in this region is mainly due to strict government regulations, an industrial initiative for sustainable development, and a strong emphasis on fire safety. In addition, the practice of building green buildings and adopting green coatings offers many opportunities for the market to grow in the region. The European market is mainly dominated by the EU-5 countries, especially Germany and Great Britain. In-depth interviews were conducted with chief executive officers (CEOs), marketing directors, innovation and technology directors, and other executives from various key organizations active in the mist eliminator market. • By type of company: Tier 1: 40%, Tier 2: 20% and Tier 3: 40%. • By title: C-level executives: 20%, directors: 20% and others: 60%. • By region: North America: 40%, Europe: 15%, Asia-Pacific: 40% and Rest of the World: 5% The market for refractory coatings includes large manufacturers such as AkzoNobel (Netherlands), PPG (USA), Jotun (Norway ) and Sherwin -Williams (USA), Hempel (Denmark), RPM International (USA), Sika (Switzerland), Etex Group (Belgium), Kansai Paints (Japan) and Teknos (Finland). Research Reporting The market study covers the market for refractory coatings in various segments. The aim is to estimate the market size and the growth potential of this market in different segments based on type, application, technology, application technology, substrate and region. The study also includes an in-depth competitive analysis of the key market players along with their company profiles, key observations regarding their products and business offerings, recent developments, and key growth strategies that are used to improve their position in the Refractory Coatings market. Key Benefits of Buying the Report The report is intended to assist the market leaders / new entrants in this market to have information on the closest approximations to the sales figures of the entire Refractory Coatings Market and its segments and sub-segments. This report is designed to help the stakeholders understand the competitive landscape of the market and gain insights in order to improve their company's position and plan appropriate go-to-market strategies. The report is also designed to help the stakeholders get the pulse of the market and inform them about the key market drivers, challenges, and opportunities. Read the full report: https: // www. reportlinker. com / p05994463 /? utm_source = GNW About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you can get all of the market research you need - instantly in one place. __________________________ CONTACT: Clare: clare @ reportlinker. com US: (339) -368-6001 Intl: 1 339-368-6001


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