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Firestop Sealants Market Size
Firestop Sealants Market size was over USD 400 million in 2018 and is anticipated to witness demand above 200 kilo tons by 2025. In terms of End-Use industry, commercial & institutional segment held the highest share in 2018 and is expected to maintain its dominance throughout the forecast period.
Rise in infrastructural development supported by government initiatives for construction of new schools, hospitals, airports and government offices has generated need for fire protection substances. Positive application scope as a fireproofing material in wires, pipes and cables, metal products and concrete walls/floors across industrial and non-industrial structures is expected to drive the firestop sealants market share by 2025.
Stringent government regulations pertaining to fire safety across industrial sector to ensure safe working environment is likely to propel the firestop sealants market demand. Increasing industrial output owing to rapid expansion of manufacturing bases in China, U.S., Japan and Germany is likely to provide strong business outlook for industry participants. Factors such as high durability, flexibility and quick cure environment will support product application scope for curtain walls, facades and concrete floors across the industrial sector.
Global construction sector is anticipated to witness gains of over 4.0% by 2020. Growing investments in the residential and commercial spaces construction will support rising demand for silicone fire barrier sealants. In addition, favorable government policies including housing for all, and lower bank rates will drive residential construction growth in coming years. Factors such as high durability will propel product adoption rate in sealing of nonporous & porous substrates, expansion joints, sanitary fixtures, electrical conduits, pipes, ducts and electrical wiring in ceilings.
| Report Attributes | Details |
|---|---|
| Base Year: | 2018 |
| Market Size in 2018: | 400 Million (USD) |
| Forecast Period: | 2019 to 2025 |
| 2025 Value Projection: | 500 Million (USD) |
| Historical Data for: | 2014 to 2018 |
| No. of Pages: | 380 |
| Tables, Charts & Figures: | 734 |
| Segments covered: | Product, Application, End Use and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Global insulation sector is expected to exceed USD 80 billion by 2025. Fire barrier sealants prevent fire and smoke migration between spaces and helps to improve air quality by restricting pollutants and toxic gases from contaminating indoor air quality. Ongoing enhancements in thermal insulation and improved R&D activities will contribute towards fire barrier sealants demand. Presence of advanced fireproofing substituting products including flame retardant masterbatches and intumescent coatings offering advanced and cost-efficient fire protection solutions may hamper the firestop sealants market growth.
Firestop Sealants Market Analysis
Silicone firestop sealants segment may surpass USD 250 million over the forecast timeframe. Strong demand for static and dynamic joints applications in residential and non-residential structures is supporting segment growth. The low-modulus property of these sealants minimizes strains on the substrate surface and the elastomeric property allows recovery from extension of single or multiple metallic pipes, conduits and tubes. Water-resistant properties will drive these sealants application for sealing of sanitary joints in new and refurbished constructions. Increasing silicone sealants application scope in wires, electric sockets, and fire-rated joints sealing will propel firestop sealants market in the forecasted timeframe.
Pipes and cables penetrations application segment will surpass USD 250 million at the end of 2025. It offers a versatile solution for mechanical, plumbing and electrical applications. Growing HVAC and electrical systems installations necessitates fire resistive assemblies’ utilization in ducts, pipes, conduit and cables, in buildings. These sealants are used as binders for linking voids in electrical outlet boxes as it forms a barrier against fire and combustible material, which is likely to drive firestop sealants market demand in forecasted timeframe.
Concrete floor application segment may register gains over 4% by 2025. These fire rated sealants are being used for both vertical joints in facades and horizontal floor joints and thus offer fire resistance to buildings and construction materials. Growing preference towards concrete floors in commercial and residential structures will boost the firestop sealants market trends by 2025.
Residential application may exceed USD 100 million up to 2025. It is utilized as a fire-resistant sealing agent between floor to floor, floor to wall, wall to wall, and heads to wall or perimeter wall in homes/villas and housing societies and buildings. Increasing count of dual income families and high salaried employees supported by government housing policies and availability of easy financial assistance will have positive impact on firestop sealants industry growth.
Industrial segment is anticipated to witness gains over 4.5% by 2025. It is applied around and inside the hood, doors, trunk, on the interior and exterior of metal joints and underbody, which inhibits the spread of fire and resist extreme temperatures. In addition, it assists in controlling smoke, spread of fire, gases in fire exposures, thus limiting economic and human losses. These factors will fuel the firestop sealants market demand during the estimated timeframe.
Asia Pacific led by Japan, India and China is estimated to surpass USD 200 million at the end of 2025 owing to growing infrastructural development in this region. Stringent regulations and laws regarding fire safety owing to rising number fire accidents in the industrial and residential sector has mandated the need for passive firestopping materials. Increasing set up of commercial complexes and large townships due to growing urbanization wave mainly in China and India will foster the firestop sealants market.
North America driven by Canada, Mexico and the U.S. firestop sealants market may observe significant gains over 5.0% by 2025. Rise in shale gas exploration technology mainly in the U.S. has led to growth in demand for high performance refinery fire barrier products to ensure advance fire protection mainly in oil & gas industries. Prevalence of high-risk environment due to presence of explosive and highly flammable compounds makes fire barrier a critical component of safety in these industries, thus fueling product demand.
Firestop Sealants Market Share
Global firestop sealants market analysis is moderately fragmented and competitive with major manufacturers including
- 3M
- Tremco
- HILTI Corp.
- Bostik (Arkema)
- Sika AG
Manufacturers are primarily involved in varying strategies including mergers & acquisitions, partnerships, joint ventures and capacity expansion to implement new technology for increasing production capacity to meet the ever-rising product demand.
For instance, in August 2017, Sika AG announced acquisition of ABC Sealants, a Turkish based manufacturer of sealants and adhesives. Through this acquisition, the company will be able to cater the growing fire barrier sealants market in the Middle East region and support customer need for efficient fireproofing products.
Industry Background
Fire and smoke lead to the greatest damage to structures and leaves the building beyond repair. Aside from the physical damage done to the building, fire accidents leave behind a significant financial and emotional burden to those impacted by it. Several regulations and fire safety norms in the mature regions of Europe and North America is likely to contribute the product demand in a positive way. Manufactures are actively involved in improving product technology, process, installation and testing techniques of firestop systems which is further anticipated to drive the firestop sealants market growth by 2025. Industry participants are also likely to expand their existing production capacity and distribution network to enhance their sales and gain a competitive edge in the market.
Firestop Sealants Market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2014 to 2025, for the following segments:
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By Product
- Silicone
- Acrylic
By Application
- Pipe and cable penetrations
- Curtain walls, facades/partition walls
- Concrete Floor
By End-use
- Residential
- Commercial
- Educational Institutions
- Commercial buildings/Complexes
- Others
- Industrial
- Construction
- Marine
- Automotive
- Others
The above information is provided on a regional and country basis for the following:
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Spain
- Asia Pacific
- China
- Japan
- India
- South Korea
- Thailand
- Malaysia
- Australia
- LATAM
- Brazil
- MEA
- Saudi Arabia
- UAE
- South Africa
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