Firestop Sealants Market Analysis

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.