Fire Stopping Materials Market by Type (Sealant, Mortar, Gypsum-based Plaster, and Others) Application (Commercial, Industrial, and Residential): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026636 | Pages: 100 | Industry: Chemicals and Materials | Date: Oct 2022 | Type: Global

The market crossed US$ 1.5 billion mark in 2022 and is expected to hit US$ 3.7 billion by 2030, recording a CAGR of 11.6% during the forecast period. 

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Fire stopping materials market has been significantly growing with the increasing their use in industrial, residential and commercial sector

Fire stopping is an important part of passive fire protection. Fire stopping system are highly used in industries such as oil & gas, power generation, transportation, construction, chemical, mining, and many others. With the increasing use fire stopping systems, the demand for fire stopping materials is increasing. Moreover, with the growing population, urbanization, and economic growth, the construction is growing with a greater number of residential and commercial infrastructural projects. This is further fuelling the growth of the fire stopping materials market. The sealant segment is expected to pace up with the growing its use in fire stopping systems. Further, other segments such as mortar and gypsum-based plaster are also expected to gain traction during the forecasted year.

Within the report, the market is segmented into type, application, and geography. By type, the market is further segmented into sealant, mortar, gypsum-based plaster, and others. On the basis of application, the market is segmented into commercial, industrial, and residential. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Strong growth of the market in North America region

The strong growth of the fire stopping materials market in North America region is due to the rising demand for fire stopping systems from new and existing infrastructure. The market growth in the region is also driven by government regulations and high demand for building safety products. Further, the strong growth of the construction sector in the region is expected to positively impact the growth of the fire stopping materials market.

Rising installation of fire stopping systems due to various government initiatives

Installing fire stopping systems is very important to ensure safety of people in emergency situations. In buses, hospitals, and many other places, the installation is necessary to save lives and injuries. Various government authorities are taking new initiatives and launching directives regarding implementation of fire stopping systems at offices, buildings, buses, and different industrial plants. With this, the installation of fire stopping systems is raising which is driving the fire stopping materials market growth.

Recent strategic developments in fire stopping materials market

The fire stopping materials market has undergone several significant developments, and a few of these have been mentioned below:

  • In 2020, RWC launched the HydroFlame 300 Series silicon firestop sealant.
  • In 2021, Nullifire launched a unique sealant solution specifically for CPVC materials. FS719 HP Blue for CPVC is the latest product to join Nullifire’s extensive fire stopping portfolio.

The fire stopping materials market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Hilti Corporation, 3M, Sika AG, Knauf Insulation, and Etex Group are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Fire stopping materials related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Applications of fire stopping materials
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Type
  • Sealant
  • Mortar
  • Gypsum-based Plaster
  • Others
  • Application
  • Commercial
  • Industrial
  • Residential
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
  • Hilti Corporation
  • 3M
  • Sika AG
  • Knauf Insulation
  • Etex Group

The List of Companies
- Hilti Corporation
- 3M
- Sika AG
- Knauf Insulation
- Etex Group

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