Fire Stopping Materials Market Analysis

Fire Stopping Materials Market Analysis

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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.