Report Code: A12860 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Cellulosic Fire Protection Market
Request Now !The cellulosic fire protection system protects a structure, typically in residential and commercial settings, from fire by the means of insulation applied to structural components which postpones incineration and extends structural competence. These fire protection systems are intended to permit for fire-fighters to securely go into a building and for inhabitants to walk out the neighborhood in case of a cellulosic fire incident. The cellulosic fire protection systems have a dynamic part in the protection of human life and ought to be working appropriately. Cellulosic fire protection intumescent coatings are now a days applied in novel building ventures, the maintenance of old constructions and structures for commercial and residential purposes. Growing attentiveness and prominence of safety procedures as well as growing inclination towards light weighted materials, which need surplus safety are the key drivers of the market.
As the strict safety guidelines and fire resistance standards established for the newly built structures must be met in the ever-growing urbanization, the building & construction industry are anticipated to deliver growth prospects in the cellulosic fire protection market during the forecast period.
COVID-19 Impact analysis
The COVID-19 pandemic had a negative impact on the cellulosic fire protection market. With the implementation of lockdowns across the globe as a measure to prevent the widespread of the COVID 19 pandemic, the construction activities for both residential and commercial segment were on a halt or cancelled. The maintenance of the pre-existing structures were also postponed. The automobile sector also took a hit from the situation as the travel restrictions were imposed, restricting the sales of automobiles as well as a sharp drop in the sales of petroleum products. This led to a decrease in demand of the oil & gas which thus led to production cuts and maintenance and construction of oil wells. On the other hand, the supply chain got disrupted, hampering the growth of the global cellulosic fire protection market.
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Cellulosic Fire Protection Market Report Highlights
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Key Market Players | Hempel A/S, No-Burn Inc., 3M, Rudolf Hensel GmbH, The Sherwin-Williams Company, Albi Protective Coatings, Isolatek International, Nullifire, PPG Industries, Inc., Sika AG, Tor Coatings., Carboline |
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