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Fire Collar Market Trends

Report ID: GMI12110
Published Date: Nov 2024
Report Format: PDF

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Fire Collar Market Trends

The fire collar industry is changing due to latest trends in construction, safety rules, and consumer needs. A major trend is the use of advanced materials and technologies in fire collars. Manufacturers now use materials like intumescent compounds that expand when heated, sealing gaps and providing better fire and smoke protection. As building codes get stricter and the need for reliable fire safety grows, these materials are becoming more popular. This trend improves fire safety and supports the industry's move towards using higher-quality, durable products in construction.

Authors: Aviansh Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global market for fire collar was reached USD 330.8 million in 2023 and is estimated to grow at a 5.5% CAGR from 2024 to 2032, driven by increasing safety and compliance standards across various sectors.

The cast-in collar segment was worth about USD 150 million in 2023 and is projected to expand at a 5.7% CAGR from 2024 to 2032, due to their effective fire protection during the initial stages of building construction.

The metal segment held around 61% share of the fire collar market in 2023 and is anticipated to grow at a 5.5% CAGR from 2024 to 2032, favored for their durability and fire protection efficacy.

The U.S. region dominated 82% share of the fire collar market in 2023, driven by the tightening of fire safety regulations by local, state, and national building codes.

The industry features key players such as Honeywell, Hilti, 3M, PFC Corofil, RectorSeal, Pemko Manufacturing, Firefly, Rosenberger Hochfrequenztechnik, Trelleborg, Firesafe, Ramset, Jotun Group, A.B. Chance, Flexfire, and Sika.