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End-users entail automotive, construction, and oil & gas sectors. Oil & gas led the intumescent coatings market
due to the exploration & production activities of shale gas and other fossil fuels. Construction sector will see an
upsurge due to the increase in infrastructure projects in South America and Asia Pacific. Car safety laws are
likely to augment market demand in the automotive sector in the next seven years.
Regions covered under the market are Latin America, North America, Asia Pacific (APAC), Middle East & Africa
(MEA), and Europe. Asia Pacific and Europe currently have maximum shares of the market, but Europe will face
dull growth in the coming years. North American market is market by product developments and innovative
breakthroughs. MEA will experience significant growth due to the growing infrastructure sector and concurrent
interest in the oil & gas sector.
Prime companies dominating the market are Akzo Nobel N.V.; Hempel Marine Paints; The Jotun Group; and
Rudolf Hensel GmbH. They have been reigning on account of procuring raw materials at low cost. Products with
better performance and a longer shelf life will garner maximum market shares. But a stable distribution cycle
ranging from manufacturer to end-user will pose a challenge to new market players.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/paints-
coatings-and-printing-inks-industry
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