The global demand for Fire Stopping Materials Market is presumed to reach the market size of nearly USD 6.71 BN by 2030 from USD 2.4 BN in 2022 with a CAGR of 12.1% under the study period of 2023 - 2030. Regarding volume, the market was calculated XX Thousand Liter in 2022 and forecast to touch XX Thousand Liter by 2028 with a CAGR of XX% during 2023-2030.
Fire stopping materials are materials used to prevent the spread of fire, smoke, and toxic gases through openings and gaps in buildings. These materials are installed in various parts of a building, such as walls, floors, ceilings, and roofs, and are designed to restrict the spread of fire and smoke between compartments or areas of the building. Fire stopping materials can take many forms, including sealants, intumescent materials, fire-resistant mortars, boards, wraps, and collars. These materials are tested and certified to ensure that they meet specific fire resistance standards, such as ASTM E814, UL 1479, and EN 1366.
Building codes and regulations in many countries require the use of fire stopping materials to ensure the safety of building occupants and protect property from fire damage. This has created a steady demand for these materials in the construction industry. The global construction industry is growing, driven by factors such as urbanization, population growth, and infrastructure development. This has increased demand for fire stopping materials, as new buildings and structures need to meet safety standards. The level of awareness regarding the importance of fire safety, both among individuals and businesses. This has led to increased demand for fire stopping materials and other fire safety products. Advances in technology have scaled up the development of new and improved fire stopping materials that are more effective and easier to install. This has helped to drive demand for these materials. Despite increased awareness and safety regulations, fire accidents continue to occur, often with devastating consequences. This has highlighted the importance of fire stopping materials and other fire safety measures, driving demand for these products.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of fire stopping materials. The growth and trends of Fire Stopping Materials Industry provide a holistic approach to this study.
This section of the fire stopping materials market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
By Application
By End-Use
This section covers the regional outlook, which accentuates current and future demand for the Fire Stopping Materials market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the fire stopping materials market include Hilti Corporation, 3M, Etex Group, Knauf Insulation, Specified Technologies Inc, Sika AG, RectorSeal Corporation, BASF SE, RPM International Inc, Morgan Advanced Materials, Rolf Kuhn GmbH, Tenmat Ltd., Encon Insulation Ltd., Fischerwerke GmbH & Co. KG, Saint-Gobain Group, Rockwol Insulations AS, Supremex Equipments, Walraven, Everkem Diversified Products, Abesco Fire Ltd, Lloyd Insulations, Den Braven, HoldRite, Unique Fire Stop Products Inc. and Fire Seals Direct. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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