The global fire-resistant coatings market is segmented into intumescent coatings and cementitious coatings. Intumescent coatings expand and form a carbonaceous char when exposed to high temperatures or heat. This char acts as an insulating layer that slows down the transfer rate of heat to the substrate surface, thereby protecting the substrate surface for a certain period. Cementitious coatings were used for fire protection across the industrial application. Factors such as low cost and low weight support the growth of the cementitious coatings market.
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