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Fire Stopping Materials Market Size
Fire Stopping Materials Market size was valued at around USD 1.5 billion in 2022 and is anticipated to grow at a CAGR of 8.5% between 2023 and 2032. Stringent building codes and fire safety regulations mandate the use of fire stopping materials to ensure the safety of occupants and limit the spread of fire within buildings. The primary purpose of fire stopping materials is to prevent the spread of fire, smoke, and toxic gases, thereby protecting people's lives and property.
Building owners, managers, and contractors have a legal and ethical responsibility to implement proper fire protection measures, including the use of effective fire stopping materials. Many insurance policies require buildings to meet specific fire safety standards, which often include the use of approved fire stopping materials.
Report Attributes | Details |
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Base Year: | 2022 |
Market Size in 2022: | USD 1.5 Billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 8.5% |
2032 Value Projection: | USD 3.3 Billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 150 |
Tables, Charts & Figures: | 190 |
Segments covered: | Product Type, Application, End-use, Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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Improper installation of fire stopping materials due to lack of proper training and understanding of installation techniques can lead to compromised fire protection. Modern building designs often include complex layouts, multiple penetrations, and irregular openings, making proper fire stopping more challenging. Adding fire stopping measures to existing buildings during renovations or retrofits can be difficult due to limited access and integration with existing systems. Thus, the risks associated with Fire stopping materials may drive down the acceptance rate, further hampering the business growth.
COVID-19 Impact
Lockdowns and restrictions in various regions could have led to construction project slowdowns or delays, impacting the demand for fire stopping materials. The economic uncertainty during the pandemic might have caused a reduction in new construction projects, affecting the overall demand for fire stopping materials. Thus, the reduced number of COVID-19 cases and implementation of subsequent strategies by government and non-government organizations is anticipated to drive the business expansion in the upcoming years.
Fire Stopping Materials Market Trends
Fire stopping systems are being integrated with smart technologies such as sensors, monitoring systems, and remote-control capabilities for real-time fire detection and response. The demand for environmentally friendly and sustainable building materials has led to the development of fire stopping materials with reduced environmental impact and low toxicity. Manufacturers are developing fire stopping materials that are easier to install, helping contractors save time and improve the efficiency of fire protection installations.
Fire Stopping Materials Market Analysis
Based on type, the fire stopping materials market is segmented as intumescent coatings, firestop sealants, firestop mortar, firestop putty, firestop collars and wraps, firestop blocks and boards, others. Intumescent Coatings held a majority market value of USD 1.6 billion in 2022. Intumescent coatings can be applied to structural elements without altering their appearance, making them suitable for architectural features.
Based on application, the fire stopping materials market is segmented as construction and building penetrations, expansion and control joints, curtain wall firestopping, emergency and exit pathways. Construction and Building Penetrations held a dominant market share of around 36.7% in 2022 and is expected to grow at a lucrative pace till 2032. Building codes require proper fire stopping of penetrations to prevent fire and smoke spread through walls, floors, and ceilings.
Based on end-use the fire stopping materials market is segmented as commercial buildings, residential buildings, industrial facilities, healthcare facilities, energy and utilities, others. Commercial Buildings held a dominant market share in 2022 and is anticipated to grow at 6.7% CAGR through 2032. Fire stopping materials ensure the safety of occupants in commercial and office spaces by preventing fire spread.
U.S. dominated the North American region with majority market share and a revenue of USD 0.37 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032. North America has well-established building codes and regulations that mandate the use of fire stopping materials to ensure fire safety and containment.
Fire Stopping Materials Market Share
Some of the major players operating in the Fire stopping materials market are :
- Hilti Group
- 3M Company
- Specified Technologies Inc. (STI)
- Rockwool
- RectorSeal Corporation
- H. B. Fuller Company
- Tremco Incorporated
- HILTI Firestop Solutions
- Everkem Diversified Products
- Bostik (Arkema Group)
- Flame Stop, Inc.
- Unique Fire Stop Products
- Promat International NV
- Fosroc International
- Emseal Joint Systems Ltd
These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
Fire Stopping Materials Industry News:
- In June 2022, Hempel A/S announced the launch of its protection material for the hydrocarbon PFP segment. Hempafire XTR 100 is a lightweight coating with low dry film thickness that will be used for the hydrocarbon passive fire protection of oil and gas downstream assets.
Fire stopping materials market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Units from 2018 to 2032, for the following segments:
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By Type
- Intumescent Coatings
- Firestop Sealants
- Firestop Mortar
- Firestop Putty
- Firestop Collars and Wraps
- Firestop Blocks and Boards
- Others
By Application
- Construction and Building Penetrations
- Expansion and Control Joints
- Curtain Wall Firestopping
- Emergency and Exit Pathways
By End-use
- Commercial Buildings
- Residential Buildings
- Industrial Facilities
- Healthcare Facilities
- Energy and Utilities
- Others
The above information is provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Indonesia
- Malaysia
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Egypt
Frequently Asked Questions (FAQ) :