Business
Zenova FP successful tests on steel
Zenova FP successful tests on steel.
About this update from Zenova Group Plc
[{"type":"text","content":"\n\n30 August 2023\nZenova Group PLC\n(\"Zenova\", the \"Company\" or the \"Group\")\n \nZenova expands Zenova FP market with successful tests on steel\n \n \nZenova Group PLC (AIM: ZED), is pleased to announce a further major development in the certification process of the Company's products, as Zenova's FP fire protection, intumescent paint has successfully been fire tested by BRE. This latest certification will directly impact Zenova's efforts to supply the construction market for Zenova FP applications for fire protection on steel.\nZenova FP fire resistance tested \nIndicative Fire Resistance Tests were performed by the independent testing house BRE using BS476-20 and BS476-21:1987 testing standards.\nTests were also carried out with Zenova FP intumescent coating applied to various loaded and unloaded I-section steel columns and fire resistance tests were performed in accordance with EN 13381-8:2013.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nUK market opportunity for Zenova FP\nUK building regulation requires that all steel used in the construction industry now has to be treated with intumescent paint. Zenova FP gaining fire protection effectiveness confirmation for steel applications will open up 60%-70% of the total UK addressable market for intumescent coatings for Zenova products.\nLarger international market opportunity for Zenova FP\nAccording to a recent article published by MarketsandMarkets on Bloomberg:\n· The intumescent Coatings Market worth $725 million by 2028\n· The structural steel & cast-iron segment is expected to account for the largest shares in 2023.\n· Europe has emerged as a dominant market for cellulosic fire protection intumescent coatings due to its stringent safety regulations, advanced infrastructure, growing awareness of fire safety, and favorable market conditions.\n \nhttps://www.bloomberg.com/press-releases/2023-08-25/cellulosic-fire-protection-intumescent-coatings-market-worth-725-million-by-2028-exclusive-report-by-marketsandmarkets\n \n\"We are pleased at this successful independent testing and validation of Zenova FP performance on steel,\" said Thomas Melchior, CEO of Zenova Group. \"This opens up large potential market segments in particular for fire protection solutions on steel ...