Dublin, March 07, 2022 (GLOBE NEWSWIRE) -- The "Worldwide Fire Stopping Materials Industry" report has been added to ResearchAndMarkets.com's offering.
The global fire stopping material market size was valued at $1,352.8 million in 2020, and is projected to reach $2,002.4 million by 2030, registering a CAGR of 4.1% from 2021 to 2030.
Fire stopping materials are used to protect people in a building or establishment from fire hazards by controlling, detecting, and controlling the spread of fire. These materials assist in the extinguishment of smoke or fire and the alerting of building inhabitants, reducing property and life damage. Materials such as sealants, mortar and putty and putty pads prevent spread of fire and smoke and buy time for safe evacuation and reduce property damage. These fire stopping materials are widely used in commercial, residential and industrial sectors.
The rise in construction sector such as residential and commercial and also increase in industrial sector such as oil and gas, petrochemicals and food industry act as a major driver for fire stopping materials. Construction of new residential and commercials are expected to provide new prospects for fire safety materials. For employee safety, fire protection systems are commonly used in commercial and industrial areas. Furthermore, the market is driven by an increase in the number of property losses as a result of fires. Hence, many organizations and residential projects have been forced to utilize fire stopping materials to reduce fire hazards and property losses as a result of the rising norm. Such factors will support market growth during the forecast period.
Government investments in construction sectors will fuel the fire stopping materials market growth. For instance, in July 2021, Canada's federal government and the Canada Housing & Mortgage Corporation have committed $35 million to the development of over 100 new residential units in Toronto. The project will be part of a 15-storey apartment at 2346 Weston Road, North York district. Such investments will create growth opportunity for fire stopping materials during the forecast period.
Various key players are launching fire stopping materials such as sealants and boards to prevent spreading of fire and reduce fire hazards. For instance, in November 2021, Rectorseal has launched Orange Draft Block sealant for North America costumers. This fire stopping sealant has ability to expand up to three times to fill openings and insulate pipe and cables. Such factors are expected to provide lucrative growth in the market during the forecast period.
The global fire stopping materials market is segmented on the basis of type, application, end-user, and region. On the basis of types, the market is segmented into sealants, mortar, boards, and others. Application segmentation includes electrical, mechanical, and plumbing. By end-user, the market is segmented into residential, commercial, and industrial. Region wise, the fire stopping materials market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Competition Analysis
Some of the key players operating in the global fire stopping materials market include 3M Company, BASF SE, Etex Group, Hilti Group, Knauf Insulation, Morgan Advanced Materials, RectorSeal Corporation, RPM International, Inc., Sika AG, and Specified Technologies, Inc.
Key Benefits
- The report provides an extensive analysis of the current and emerging fire stopping materials market trends and dynamics.
- In-depth market analysis is conducted by constructing market estimations for the key market segments between 2020 and 2030.
- Extensive analysis of the fire stopping materials market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- The global fire stopping materials market forecast analysis from 2020 to 2030 is included in the report.
- The key market players within fire stopping materials market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the fire stopping materials industry.
Key Topics Covered:
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. Market player positioning, 2020
3.4. Porter's five forces analysis
3.5. Market dynamics
3.5.1. Drivers
3.5.1.1. Increase in demand for passive fire protection systems
3.5.1.2. Increased emphasis on fire safety codes and regulations
3.5.1.3. Rise in residential and commercial sectors
3.5.2. Restraint
3.5.2.1. Fluctuation in raw material prices
3.5.3. Opportunity
3.5.3.1. Advancement in fire stopping materials
3.6. COVID-19 Impact Analysis
CHAPTER 4: FIRE STOPPING MATERIALS MARKET, BY TYPE
4.1. Overview
4.1.1. Market size and forecast, by type
4.2. Sealants
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market size and forecast, by country
4.3. Mortar
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market size and forecast, by country
4.4. Boards
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market size and forecast, by country
4.5. Others
4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market size and forecast, by country
CHAPTER 5: FIRE STOPPING MATERIALS MARKET, BY APPLICATION
5.1. Overview
5.1.1. Market size and forecast, by application
5.2. Electrical
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market size and forecast, by country
5.3. Mechanical
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market size and forecast, by country
5.4. Plumbing
5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market size and forecast, by country
CHAPTER 6: FIRE STOPPING MATERIALS MARKET, BY END USER
6.1. Overview
6.1.1. Market size and forecast, by end user
6.2. Residential
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market size and forecast, by country
6.3. Commercial
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market size and forecast, by country
6.4. Industrial
6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market size and forecast, by country
CHAPTER 7: FIRE STOPPING MATERIALS MARKET, BY REGION
CHAPTER 8: COMPANY PROFILES
8.1.3M Company
8.1.1. Company overview
8.1.2. Key executive
8.1.3. Company snapshot
8.1.4. Operating business segments
8.1.5. Product portfolio
8.1.6. Research and development expenses
8.1.7. Business performance
8.2. BASF SE
8.2.1. Company overview
8.2.2. Key executive
8.2.3. Company snapshot
8.2.4. Operating business segments
8.2.5. Product portfolio
8.2.6. Research and development expenses
8.2.7. Business performance
8.3. ETEX GROUP
8.3.1. Company overview
8.3.2. Key executive
8.3.3. Company snapshot
8.3.4. Operating business segments
8.3.5. Product portfolio
8.3.6. Business performance
8.3.7. Key strategic moves and developments
8.4. HILTI GROUP
8.4.1. Company overview
8.4.2. Key executive
8.4.3. Company snapshot
8.4.4. Operating business segments
8.4.5. Product portfolio
8.4.6. R&D expenditure
8.4.7. Business performance
8.5. KNAUF INSULATION
8.5.1. Company overview
8.5.2. Key executive
8.5.3. Company snapshot
8.5.4. Operating business segments
8.5.5. Product portfolio
8.5.6. Business performance
8.5.7. Key strategic moves and developments
8.6. MORGAN ADVANCED MATERIALS
8.6.1. Company overview
8.6.2. Key executive
8.6.3. Company snapshot
8.6.4. Operating business segments
8.6.5. Product portfolio
8.6.6. R&D expenditure
8.6.7. Business performance
8.6.8. Key strategic moves and developments
8.7. RECTORSEAL CORPORATION
8.7.1. Company overview
8.7.2. Key executive
8.7.3. Company snapshot
8.7.4. Product portfolio
8.7.5. Key strategic moves and developments
8.8. RPM INTERNATIONAL, INC.
8.8.1. Company overview
8.8.2. Key executive
8.8.3. Company snapshot
8.8.4. Operating business segments
8.8.5. Product portfolio
8.8.6. R&D expenditure
8.8.7. Business performance
8.8.8. Key strategic moves and developments
8.9. SIKA AG
8.9.1. Company overview
8.9.2. Key executive
8.9.3. Company snapshot
8.9.4. Operating business segments
8.9.5. Product portfolio
8.9.6. Business performance
8.10. SPECIFIED TECHNOLOGIES, INC.
8.10.1. Company overview
8.10.2. Key executive
8.10.3. Company snapshot
8.10.4. Product portfolio
For more information about this report visit https://www.researchandmarkets.com/r/4nhe0m
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