Global Firestop Sealants Market was valued US$ XX Bn in 2019 and is expected to reach XX Bn by 2026, at a CAGR of XX % during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Global Firestop Sealants Market
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Fire-sealants is a form of passive fire protection that is used to seal around openings and between joints in a fire-resistance-rated wall or floor assembly. Firestops are designed to maintain the fireproofing of a wall or floor assembly allowing it to impede the spread of fire and smoke.
Investments in the residential and commercial sectors across the glob have cumulative demand for fire barrier sealants. The sealent offer high durability in the array of an applications like expansion joints, sanitary fixtures, electrical conduits, pipes, ducts and electrical wiring in ceilings are expected to boost the growth in the global firestop sealants market.
Residential application is expected to contribute the significant share in the global firestop sealants market. Sealants are used as a fire-resistant sealing agent between floor to floor, floor to wall, wall to wall, heads to wall, housing societies and buildings. Furthermore, industrial sector is expected to grow XX % of CAGR during the forecast period. In industrial sector, sealants are functional inside the hood, doors, trunk, on the interior and exterior of metal joints and under-body, which prevents the spread of fire and resist extreme temperatures. Additionally, it assist in controlling smoke, spread of fire, gases in fire exposures, which limiting economic and human losses. These factors are expected to increase the demand for firestop sealants during the forecast period.
Acrylic firestop sealants are expected to grow XX % of CAGR during the forecast period. The positive application scope of firestop sealant are increasing across high temperature environments due to superior resistant to degradation. These sealant product delivers excellent movement and adhesion to extensive range of substrates like cables, metal pipe, plastic pipe, cable trays, fire-rated concrete, and gypsum wall assemblies. The HVAC penetrations through fire-rated assemblies and underside of a metal or concrete deck to obstruct passage of fire and smoke is expected to increase the demand for firestop sealants.On the other hand, presence of advanced fireproofing substituting products like flame-retardant chemicals and coatings are limiting the growth in the global firestop sealants market.
Asia Pacific region is projected to be leading region in the global firestop sealants market. The leading position in the market is attributed to the rapid infrastructural development in this region.. The expansion of the commercial complexes and townships are increasing rapidly in the developing countries like China and India due to growing population. The government regulations and laws regarding fire safety in the industrial and residential sector has mandated the requirement for passive firestopping materials.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analyzing the market segments and, project the Global Firestop Sealants Market. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Firestop Sealants Market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
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Global Firestop Sealants Market, By Product
• Silicone
• Acrylic
Global Firestop Sealants Market, By Application
• Pipe and Cable Penetrations
• Curtain walls
• Facades/Partition Walls
• Concrete floor
Global Firestop Sealants Market, By End User
• Residential
• Commercial & Institutional
• Industrial
Global Firestop Sealants Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in Global Firestop Sealants Market
• Bai Yun Chemical
• Rockwool
• Metacaulk
• Entc Nuclear Technology
• H. B. Fuller
• Tremco Corporation
• 3M Company
• Hilti Corporation
• Fosroc
• Nelson Firestop
• Trafalgar Fire
• Sika AG
• Pecora
• Specified Technologies
• Bostik
• Promat
• Accumetric, LLC
• RectorSeal
• Guangzhou Baiyun Chemical Industry Co., Ltd.
• Urja Sealants Pvt. Ltd
• Rapidrop Global Ltd
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