The fire stopping materials market size is estimated to be USD 1.4 billion in 2021 and is expected to reach USD 2.4 billion by 2026, at a CAGR of 11.6%during the forecast period.Fire stopping is a fire protection system for sealings of any openings to prevent fire, smoke, and heat from passing multiple components. They are generally used in warehouses, office complexes, commercial and industrial buildings. The components of fire stopping materials are made of fire retardant and intumescent materials as well as cementitious motors, silicone, and mineral fibers and rubber compounds. They are majorly used in electrical, plumbing, mechanical, building and construction applications.
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Based on type, the fire-stopping materials market is segmented asmortars, sealants, cast-in devices, boards, putty and putty pads, collars, wraps/strips, and others. Sealants are estimated to have a larger share in the fire stopping materials market followed by the mortars. Putty and putty pads are the fastest leading type of fire stopping materials.Putty is a material with high plasticity, similar in texture to clay or dough, typically used to seal gaps during construction. Firestop putty are mainly used for electrical outlet boxes, sealing pipe and cable insulation, construction joints, solid ceilings, and lightweight partitions to increase their fireresistance. It provides full protection against the spreading of smoke and fire during a fire accident. It also provides excellent adhesion to construction substrates and penetrants including gypsum, metal and plastic.These properties are expected drive the demand of putty and putty pads during the forecast period.
Based on application, the fire-stopping materials market has majorly been segmented intoelectrical, mechanical, plumbing and others.The fire-stopping materials market size for electricalapplications accounted for the largest share of global fire-stopping materials, in terms of value, in 2020. The development of high-rise apartments is increasing, these infrastructures require sophisticated electrical systems including switchboards, cables, conduit and outlets. Due to strict regulations, it is necessary to install fire stopping systems within these facilities.These factors are the major drivers for the electrical applications of fire stopping materials market.
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Based on end-use, the fire stopping materials market has majorly been segmented intocommercial, industrial and residential.The fire stopping materials market size for commercial applications accounted for the largest share of global fire stopping materials, in terms of value, in 2020. The market for commercial construction has been driven by the strict building codes and increasing construction projects in the developed and developing economies of APAC, North America and Europe.
On the basis of region, North Americais estimated to be the largest market for fire stopping materials in 2020.APAC is estimated to be the fastest-growing region in the global fire stopping materials market in forecast period. The increasing population in the region, accompanied by the development of new technologies and products is projected to make this region an ideal destination for the growth of the fire stopping materials. Improved lifestyle and increasing income also help the market to flourish in developing economies of the region.Many foreign players are investing in the construction industry of APAC and North America. This gives a huge boost to ongoing developments. Thus, the market for fire stopping material is expected to register very high growth in these regions.
The key market players profiled in the report include
Hilti Corporation (Liechtenstein), 3M (US), Etex Group (Belgium), Knauf
Insulation (US), Specified Technologies Inc (US), Sika AG(Switzerland), RectorSeal Corporation (US),
BASF SE(Germany), RPM International Inc.(US), Morgan Advanced Materials (UK),
Rolf Kuhn GmbH (Germany), Tenmat Ltd. (UK), Encon Insulation Ltd. (UK),
Fischerwerke GmbH & Co. KG (Germany), Saint-Gobain Group (France), Rockwool
International AS (UK), SupremexEquipments (India), Walraven (The Netherlands),
Everkem Diversified Products (US), Abesco Fire Ltd. (UK), Lloyd Insulations
(India), Den Braven (The Netherlands), HoldRite (US), Unique fire stop products
Inc. (US), and Fire Seals Direct (UK).
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