Global Firestop Sealants Market is segmented By Type (Silicone, Ablative, Intumescent), By Application (Concrete Floor, Partition Walls, Curtain Walls, Cable Penetrations, Pipes, Others), By End User (Residential Building, Industrial Building, Commercial Building, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Market Overview
Global Firestop Sealants Market is estimated to grow at a CAGR of 4.0% during the forecast period 2024-2031
Fire sealants are a type of passive fire protection that is used to seal around openings & between joints in a floor assembly or fire-resistance-rated wall. Firestops are usually designed to maintain the floor assembly or fireproofing of a wall, allowing it to avoid the spread of fire & smoke. Firestop Sealants are widely employed to resist the passage of smoke, flame, and water through construction joints and penetrations. These sealants are mainly used to aid motion including pipe vibration, thermal expansion, water hammer, and other normal building movements, without damaging the seal.
Market Scope
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Metrics |
Details |
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Market CAGR |
4.0% |
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Segments Covered |
By Type, By Application, By End User and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
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Market Dynamics
Upsurge in infrastructural development supported by government initiatives for the construction of new schools, airports, hospitals, and government offices has boosted the need for fire protection substances. Significant application scope as a fireproofing material in pipes and cables, wires, metal products and concrete walls/floors across industrial and non-industrial structures is expected to drive the firestop sealants market share by 2025.
Increasing Construction Activities
Firestop Sealants are generally used in various applications, including residential buildings, commercial buildings, industrial buildings, and others. Firestop sealants are used in residential buildings in concrete walls or floors, wood floors, and concrete or corrugated steel deck floor/ceiling assemblies.
Rapid growth in urbanization & increase in government initiatives.
An increase in disposable income, rapid urbanization, increase in housing requirements, and growth in governmental initiatives are likely to increase the construction sector in the Asia Pacific. Furthermore, many government programs are initiated in India, such as the UDAN (Ude Desh ka Aam Nagrik) scheme, ‘Housing for All 2022’, and the Aayushman Bharat program, which are expected to increase the growth in the construction sector during the forecast period.
Electrical failures, mechanical failures, chemical spilling, etc. can cause fires in industrial buildings and can cause disruption. Also, the presence of combustible dust in manufacturing sectors such as woodworking food, metalworking, chemical, and pharmaceuticals is expected to increase the demand for firestop sealants in the near future.
Industrial buildings are usually more open to vibration and movement of the various machinery and equipment. This increases the usage of effective firestop sealants to avoid the passage of fire from areas such as insulated metal pipes, metal pipes, plastic pipes, and connection joints in fire compartment walls and floors.
COVID-19 Impact Analysis on Market
COVID-19 affected the global economy in many ways, such as directly affecting supply chain disruption, production and demand, and financial impact. Also, COVID-19 has impacted the manufacturers' supply chain across the world and shut down the production facilities to decrease the risk of virus spread. Also, due to the lockdown, maximum companies were shut down, so residential buildings, commercial buildings, and industrial buildings were shut down, which led to the decrease in demand for firestop sealant policies across the globe. Therefore, the manufacturers are stopped investing in firestop sealants
There was no growth in GDP and many companies were working from home which led to the decrease in urbanization and also investments in housing projects.
Market Segmentation Analysis
Based on the material, the global firestop sealants market has been classified into acrylic, silicone, ablative, and intumescent.
The Acrylic And Silicone Segment Accounted For The Highest Share In The Global Firestop Sealants Market
Silicone firestop sealants are elastic and help to maintain stability during fluctuating temperatures, and provide resistance against chemicals, moisture, and weathering silicone product segment has emerged dominant in the firestop sealants industry in 2019 which held around 40% of the overall demand. These sealants have gained traction due to their properties such as low modulus elasticity and elastomeric features, which reduces strain from the substrate surface, thereby enabling recovery from pipe and tube expansions.
Based on the product spectrum, the acrylic segment is anticipated to contribute around $300 million to the firestop sealants market by the end of the forecast timeline. The growth can be due to the rising deployment across high-temperature environments because the product provides adhesion and high movement to a huge array of substrates such as ducts, plastic pipes, cables, cable trays, metal pipes, and static and dynamic joints in wood floor and ceilings.
Based on the end-user, the global firestop sealants market has been classified into residential, commercial & institutional and industrial.
Increase In Disposable Income, Rapid Urbanization And Increase In Housing Requirements
The residential construction industry increased at a CAGR of 6% during 2015-2019. Also, the commercial building construction market in value terms is expected to record a CAGR of 6.8% over the forecast period. Moreover, the infrastructure construction was estimated to be USD 3.3 billion in 2019, posting a CAGR of 4.8% during the review period. The residential sector is expected to grow significantly with the central government aiming to build 20 million affordable houses in urban areas in 2022.
Market Geographical Share
Based on geography, the study analyzes the global firestop sealants market including, countries like Europe, Asia-Pacific, North America, South America, and the Middle East & Africa.
North America and Europe Can Be a Major Manufacturer throughout The Forecast Period
The market in North America & Europe is mature, as it is dominated by a large number of manufacturers. Moreover, houses are primarily made of wood in these regions, especially in North America, making these regions more susceptible to flames. Also, stringent fire safety rules in these regions are expected to increase the firestop sealants market in the coming future.
There are few players which dominate the market in Latin America. Significant manufacturers of firestop sealants such as The 3M Company, Hilti Corporation, Sika AG, and Arkema S.A. are focusing on enlarging their footprint across the world.
Africa & Middle East is the major hub for the oil & gas industry. The region is prone to fire risks which have expected to increase the demand for firestop sealants in Middle East & Africa during the forecast period.
Market Companies
The key global firestop sealants players contributing to the global market's growth include Hilti Corporation, The 3M Company, ROCKWOOL International A/S, H.B. Fuller Company, Sika AG, Arkema S.A., Tremco Incorporated, RectorSeal, Urja Sealants Pvt. Ltd, Rapidrop Global Tsoodle Accumetric, Fosroc, Inc., and Specified Technologies Inc. among others.
Hilti Corporation
Overview: Hilti stands for quality, innovation, quality and direct customer relationships which results in about 250,000 individual customer contacts each day. This company is based in Schaan, Liechtenstein, the company has 30,000 employees worldwide who contribute to making construction activity faster, simpler, and safer while inspiring customers every day with technologically leading products, software, systems, and services. There are many ideas for improvements that are developed directly on construction sites while interacting with customers. Also, If there is an on-site challenge for which no Hilti solution exists, one will be developed. That is why the company invests approximately 6 per cent of sales each year in R&D.
The strategic objective of the company is sustainable value creation through differentiation and market leadership. All company shares are in the possession of the Martin Hilti Family Trust, which ensures the company's long-term continuity.
Product Portfolio: The company's portfolio comprises construction chemicals
