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Firestop Sealants Market Size
- Report ID: GMI4338
- Published Date: Sep 2019
- Report Format: PDF
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 Attribute | Details |
|---|---|
| Base Year: | 2018 |
| Firestop Sealants 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.
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Firestop Sealants Market Scope
