Wilmington, Delaware, United States, Transparency Market Research, Inc., July 12, 2024 (GLOBE NEWSWIRE) -- The global firestop sealants market (방화 실란트 시장) stood at US$ 1.3 billion in 2023, and the global market is projected to reach US$ 2.3 billion in 2034. The firestop sealants market is anticipated to expand at a CAGR of 5.7% between 2024 and 2034.
The firestop sealants market is experiencing significant growth, driven primarily by the adoption of stringent building safety codes and advanced fire protection measures. Governments and regulatory bodies worldwide are enforcing rigorous fire safety standards for both new constructions and renovations.
These standards necessitate the use of high-quality firestop solutions to ensure the safety and integrity of buildings, thereby fueling the demand for firestop sealants. The emphasis on fire safety is particularly strong in regions with high urbanization rates and dense populations, where the potential consequences of fire incidents are especially severe.
Technological advancements in firestop sealants have also played a crucial role in market expansion. Innovations in sealant formulations have led to the development of more effective and durable products that can withstand extreme temperatures and prevent the spread of fire, smoke, and toxic gases.
These advancements not only enhance the safety of buildings but also provide additional benefits such as ease of application, longer lifespan, and better adherence to various construction materials. As a result, modern firestop sealants are becoming a preferred choice among builders, contractors, and architects.
Additionally, the growing demand for environmentally friendly sealant solutions is a significant factor contributing to market growth. Governments are increasingly mandating the use of eco-friendly firestop sealants to minimize environmental impact and promote sustainability in construction practices.
Request for sample PDF copy of report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=73540
These green sealants are formulated with low volatile organic compounds (VOCs) and other non-toxic ingredients, making them safer for both the environment and human health. The tightening of environmental regulations and the rising awareness of sustainable construction practices are pushing manufacturers to innovate and offer environmentally compliant products.
The firestop sealants market is expanding due to stringent safety regulations, technological advancements, and the rising demand for eco-friendly solutions. These factors are collectively driving the adoption of firestop sealants, ensuring enhanced fire safety and sustainability in the construction industry.
Key Takeaways of Market Report
- Global firestop sealants market to generate absolute dollar opportunity worth US$ 2.3 billion until 2034.
- Global firestop sealants market is valued at US$ 1.3 billion in 2023.
- Asia Pacific is forecasted to hold the largest share in 2023.
Firestop Sealants Market: Growth Drivers
- The firestop sealants industry is growing due to increased infrastructure development and building activities across residential, commercial, industrial, and institutional sectors. Rapid global urbanization is driving the expansion of construction projects, boosting demand for effective firestop solutions.
- Rising environmental awareness among customers, regulators, and builders is increasing demand for eco-friendly products. Firestop sealants, essential for preventing the spread of fire, smoke, and harmful gases, are under scrutiny for their environmental impact.
- This push for sustainability is driving the adoption of firestop sealants with strong environmental credentials, aligning with the industry's focus on reducing ecological footprints.
Firestop Sealants Market: Regional Landscape
- Asia Pacific dominated the global firestop sealants market (防火シーラント市場) in 2023, with China, Japan, and India being the largest markets. Factors such as rising disposable incomes, rapid urbanization, increased housing demands, and robust governmental initiatives are significantly boosting the construction sector in this region. As a result, the demand for effective firestop sealants is on the rise, ensuring enhanced fire safety in an expanding infrastructure landscape.
- In North America, the prevalence of wood-constructed houses increases susceptibility to fire hazards. Consequently, stringent fire safety regulations are expected to drive the firestop sealants market in this region. These regulations mandate the use of high-quality firestop solutions to prevent the spread of fire, smoke, and toxic gases, thereby enhancing building safety. The combined effects of regulatory pressure and the inherent fire risks associated with wood constructions are propelling the adoption of firestop sealants in North America.
Unlock Growth Potential in Your Industry! Download PDF Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=73540
Firestop Sealants Market: Key Players
- 3M
- Hilti
- Rockwool
- H.B. Fuller
- Arkema
- Tremco
- Sika AG
- DuPont
- JMH Group
- Pecora
- MAPEI S.p.A
Firestop Sealants Market: Key Development
- In 2023, 3M Launched an innovative, eco-friendly firestop sealant specifically designed for high-performance applications in commercial and industrial buildings. This new product emphasizes low VOC emissions, meeting stringent environmental regulations while providing robust fire protection.
- In 2023, Hilti Introduced an advanced firestop sealant with enhanced flexibility and adhesion properties, catering to the evolving needs of modern construction practices. This development ensures easier application and long-lasting effectiveness, even in dynamic building environments where joint movement is common.
Firestop Sealants Market: Segmentation
Type
- Intumescent Sealants
- Elastomeric Sealants
- Silicone Sealants
- Acrylic Sealants
- Polyurethane Sealants
- Others
End Use
- Residential
- Commercial
- Industrial
- Infrastructure
Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Buy this Premium Research Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=73540<ype=S
More Trending Reports by Transparency Market Research –
- Polyfluoroalkyl Substances (PFAS) Waste Management Market - The polyfluoroalkyl substances (PFAS) waste management market (ポリフルオロアルキル物質 (PFAS) 廃棄物管理市場) size stood at US$ 1.8 Bn in 2022 and is projected to reach US$ 2.9 Bn by 2031.
- Zinc-air Batteries Market - The global zinc–air batteries market (아연공기 배터리 시장) was valued at US$ 119.4 Mn in 2022 and is anticipated to expand at a CAGR of 7.5% from 2023 to 2031.
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Email: sales@transparencymarketresearch.com
Follow Us: LinkedIn| Twitter| Blog | YouTube
