Firestop Sealants Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Report Code: ZMR-4755 | Report Format : | Status : Upcoming |

Abstract

Global Firestop Sealants Market: Overview

A fire-stopping or firestop is a type of submissive fire protection. The sealants are used for sealing around the openings or between the joints in a fire-resistance-rated floor assembly. Firestop sealants have properties to resist fire with extraordinary longevity. It also massively decreases the smoke formulation and prevents spreading of other injurious toxins. 

Global Firestop Sealants Market: Growth Factors

The rise in constructions of schools, hospitals, airports, and other residential complexes owing to the rapid urbanization in recent years has compelled the government to take initiatives towards preventing mishaps due to fires. This has majorly increased the demand for the firestop sealants market. Firestop sealants are used in wires, pipes, and cables which are primary components in any residential and industrial complexes. Strict regulations are imposed in the industrial sectors regarding fire safety to keep the working environment secure; this has increased the product demand globally. Characteristics of firestop sealants such as flexibility and durability have massively increased its application scope for facades, curtain walls, and concrete floors. It was observed that the construction market witnessed significant growth in recent years. Increasing expenditure on commercial and residential constructions has supported the growth of firestop sealants market. Availability of advanced fireproofing substitutes like intumescent coatings and flame retardant masterbatches limit the product demand since the alternatives are cost-efficient.

 Global Firestop Sealants Market: Segmentation

Segmentation of firestop sealants market includes product, applications, and by end-use. Firestop sealants product include acrylic and silicone. Increased demand for dynamic and static joints in commercial and residential applications has increased the demand for silicone firestop sealants. Silicone sealants are used in electric sockets, wires, and in fire-rate expansion joints. Increasing infrastructural structures have increased the demand for HVAC and electronic components. In terms of application, the global market is segregated into curtain walls, concrete floor, facades/partition walls, and pipe & cable penetrations. End-use of firestop sealants market include industrial, commercial & institutional, and residential.

Global Firestop Sealants Market: Regional Analysis

Asia Pacific firestop sealants market is majorly contributed by countries India, Japan, and China, which is mainly owing to the developing infrastructural projects. Increase in the number of fire incidents in the region has propelled the government to impose stringent regulations regarding fire safety in the commercial and residential places thus increasing the demand for firestop sealants market. In addition, the rapid urbanization in emerging economies and the growing number of townships and commercial complexes contribute to the market growth in the Asia Pacific.

North American firestop sealants market is mainly driven by Mexico, Canada, and the U.S. In the U.S., there has been an increased demand for shale gas exploration technology, which, in turn, has increased the demand for quality refinery firestop products for fire safeguarding in oil and gas sector. Europe also anticipates witnessing an above-average growth rate in the coming years.

 Global Firestop Sealants Market: Competitive Players

Some of the major manufacturers in the firestop sealants market include Tremco, Bostik, 3M, HILTI Corp., and Sika AG, among others.

Global Firestop Sealants Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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