The global demand for Firestop Sealants Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. Whereas with regards to volume, the market was calculated XX KT in 2021 and foreseen to touch XX KT by 2028 with a CAGR of XX% during 2022-2028.
Firestop Sealants are utilized to seal small gaps through several penetrants that include civil pipes, electrical cables, and more passing through the walls or floors of the structures. The key purpose of the fire sealant is to contain the fire from spreading from a fire area to another area. It comes with a fire rating that indicates the time it will take to contain the fire. Commonly, it is of four types, silicone, ablative, elastomeric, and intumescent, each type is used on the basis of its characteristic properties.
The exponential growth of infrastructural development in residential, commercial, and tertiary services sectors has reinforced greater demands for fire protection substances. Favorable application scope as a fireproofing material in cables, metal products, ducts concrete walls/floors across industrial and non-industrial buildings is anticipated to propel the global firestop sealants market. Growing awareness among people and government agencies about the safe working environment are likely to create favorable prospects. However, the presence of sophisticated fireproofing products such as flame retardant masterbatches and more may hamper the firestop sealants market growth. The global crisis of COVID-19 pandemic has adversely impacted the global market, with the application sectors undergoing substantial disruptions, the firestop sealant market is predicted to witness a sag in demand and supply chain.
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 inclusive assessment of each application/product segment in the global market of firestop sealants.
The entire firestop sealants market has been sub-categorized into product, application and end-use. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Pipe and cable penetrations
- Curtain walls, facades/partition walls
- Concrete Floor
This section covers regional segmentation which accentuates on current and future demand for firestop sealants market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Firestop Sealants Market Share by Region (Representative Graph)
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 firestop sealants market include 3M Company, Hilti Corporation, H. B. Fuller, Bostik (Arkema), Tremco Corporation, Sika AG, Specified Technologies, Fosroc (JMH Group), Nelson Firestop (Emerson), Metacaulk (Rectorseal), Pecora, Bai Yun Chemical. This section includes 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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