Owing to benefits such as adherence to range of surface materials, resistance to fire penetration, excessive heat & collapse, reduction in rebuild costs, and business downtime, minimal damage to building structures & property, fire-stopping materials is experiencing rapid adoption as thus fostering progress in global Fire-Stopping Materials Market
At a compound annual growth rate of f 4.1 %, the size of the worldwide Fire Stopping Materials market is projected to reach $2,002.4 million in 2030.
Covid-19 Impact & Market Status
The Covid-19 pandemic impacted the global fire stopping materials market. Many countries across the world due to the pandemic allowed only the essential construction projects to continue hampering the global fire stopping materials market. At the same time, most projects in residential, commercial, and industrial sectors across the world are operating at a normal state while practicing social distancing measures. Furthermore, the improvements in living standards, population dynamics, the socio-economic context within each country, awareness regarding fire safety measures to life and infrastructure damage has given a tremendous boost to the global fire stopping materials market amidst the pandemic.
This report is a cumulative overview of the current status specific to the global fire-stopping materials market This report takes a holistic approach towards identifying growth drivers, opportunities, risks, potential segments, investment avenues and other significant market dynamics of the global fire stopping materials market.
Sealants Fire Stopping Materials Segment is the Most Attractive Segment
The global Fire Stopping Materials market is classified into Sealants, Cement mortar, Gypsum-based plaster, Intumescent mastics, Glass Fibre, Crushed rock, and Other on the basis of material type. Among these, Sealants type fire stopping material constitute about 10-20 % of total revenue of global Fire Stopping Materials market thus holding maximum market share of the global Construction & Demolition Waste market. The firestop sealants restrict horizontal and vertical spreading of fire in a building, resistant to fire penetration, excessive heat & collapse, reduces rebuild costs, and business down time, and causes minimal damage to building structures & property. These are the key factors increasing its market demand worldwide thereby driving its share in the global fire stopping materials market.
Electrical Application Segment to Remain Atop
The global fire stopping materials market is segregated into electrical, mechanical, and plumbing which are the most vital application segments. Among these, the Electrical application segment held maximum market share of global Construction & Demolition Waste market and is poised for rapid market growth in future. The Electrical application segment made a substantial contribution to the Gross Domestic Product (GDP) and Compound Annual Growth Rate (CAGR) of global Fire Stopping Materials market owing to key factors like increasing electrical construction and development activities and upgradation of safety regulation of electrical applications.
Industrial Sector to Grab the Largest Revenue Share
The global fire stopping materials market is classified into industrial, residential, and commercial end-uses. Among these, the industrial segment accounted for the highest revenue in the market due to increasing fire safety awareness, strict institutional and regulatory aspects adopted in the industrial sector, increasing adoption of fire stopping materials for protecting infrastructures in industrial sectors.
North American Region to Witness Huge Investments
North America held the largest market share of Global Fire Stopping Materials Market as construction, renovation for industrial and commercial buildings are being undertaken at a large stage in countries like USA and Canada. Most importantly, North American region has the presence of leading fire stopping materials manufacturers like RectorSeal Corporation, Specified Technologies, Knauf Insulation, 3M, HoldRite and others.
The need for additional fire protection measures to safeguard structures while withstanding the thermal and mechanical pressures applied during a fire has improved the reliance on fire-stopping materials.
Rapid end-use applications of fire stopping materials including electrical, mechanical, and plumbing are fostering remarkable progress in the global fire stopping materials market.
Advantages such as avoiding the outbreak and spread of fire, minimal disruption to working processes, easy installation, little occupancy, protection to multiple hazards from single material, proactive and permanent fire protection encourage further adoption of fire stopping materials.
Fire protection materials are components uniquely designed of fire retardants, intumescent materials, and other compounds such as rubber, mineral fiber, silicone etc. Fire protection materials are used in preventing calamities caused due to toxic gases, sudden fire breakout, and smoke. Fire stopping materials enhance the ability of building’s fire resistance thereby preventing the spread of flames. Owing to multiple advantages in protecting the infrastructures the fire stopping materials are extensively used in various industries.
However, incomplete firestopping, costly installations, improper installation causing damages, lack of training, are some key factors likely to hamper the global fire stopping materials market. Furthermore, factors such as upgradation in legislation, regulations, and best practice guidelines covering all type of construction work, manufacturers coming up with enhanced firestopping materials, effects of major fire damage on businesses enabling adoption of fire stopping materials are boosting the global fire stopping materials market.
The major players in global Fire Stopping Materials market are Hilti Corporation, Fire Seals Direct, 3M, Unique fire stop products, HoldRite, Den Braven, Lloyd Insulations, Abesco Fire, Everkem Diversified Products, Walraven, Supremex Equipments, Rockwool International, Saint-Gobain Group, Fischerwerke GmbH, Encon Insulation, Tenmat, Rolf Kuhn GmbH, Morgan Advanced Materials, RPM International, BASF SE, RectorSeal, Sika AG, Specified Technologies, Knauf Insulation, and Etex Group among others. These firms are the leading providers of comprehensive product portfolios of fire stopping materials. These firms are leaders in the global Fire Stopping Materials market because they focus mainly on delivering quality and valuable products while minimizing business impact. Additionally, most of the credible manufacturers in the global Fire Stopping Materials market offer training classes on firetopping materials and systems they provide.
Latest Innovations in the Global Fire Stopping Materials Market: a Snapshot
- In November 2021, JCP launched a fire stop system comprised of silicone sealant and expanding foam. The fire stop system protects horizontal and vertical spread of fire in buildings.
Fire Stopping Materials Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2030||$2,002.4 million|
|Growth Rate||CAGR of 4.1 % during 2022-2030|
|Segment Covered||Application, Type, End-User , Region.|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||3M Company, BASF SE, Etex Group, Hilti Group, Knauf Insulation, Morgan Advanced Materials, RectorSeal Corporation, RPM International, Inc., Sika AG, Specified Technologies, Inc.|
Key Segments of the Global Fire Stopping Materials Market
Material Type Overview, 2018-2028 (USD Billion)
- Cement mortar
- Gypsum-based plaster
- Intumescent mastics
- Glass Fibre
- Crushed rock
Application Overview, 2018-2028 (USD Billion)
End Use Overview, 2018-2028 (USD Billion)
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa