Fire Stopping Material Market Share, Demand, Growth Opportunities, Challenges and Future Scope
Fire Stopping Material Market Size- By Type, By Application, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
| Published: Feb-2023 | Report ID: CHEM2336 | Pages: 1 - 229 | Formats*: |
| Category : Chemical & Materials | |||
Global Fire Stopping Material Market Overview
According to SPER Market Research, the Global Fire Stopping Material Market is estimated to reach USD 4.80 billion by 2032 with a CAGR of 11.85%.
According to projections, the size of the global market for fire stopping materials would surpass in the coming years. In a variety of settings, including offices, warehouses, and industrial sites, fire seals are used. Fire seals prevent the passage of heat, smoke, and smoke via a hole in a structure. Motors, silicone, mineral fibres, rubber compounds, fire-retardant and intumescent materials, as well as motors, are all employed to create fire-stopping materials. The construction, plumbing, electrical, and mechanical industries are the main users of fire stops. They are intended to contain a fire, establish an appropriate smoke barrier, and slow the transmission of heat. Fire stops are made to stop and contain fires in order to stop them from spreading to other areas. They can be inserted between windows, floors, walls, and ceilings. Additionally, fire stops are employed around junction boxes, electrical boxes, and high-temperature machinery like furnaces. A variety of industries, including construction, oil and gas, transportation, and others, are seeing an increase in the demand for fire-stopping products.
The industry has benefited from a number of advancements, including nanotechnology and novel materials. The need for fire protection supplies is rising as a result of government legislation pertaining to fire safety. Due to the competitive market this is creating, some businesses are being forced to develop novel solutions that follow both national norms and rules. Global corporations are making investments in cutting-edge technologies to boost the effectiveness of fire-stopping materials. For instance, Honeywell is looking on new materials that, when heated, will discharge water while containing the fire. The market for fire-stopping materials will expand as a result. Additionally, it can be expected that there will be an increase in demand for more stopping materials due to reasons such an expanding worldwide population and an expanding construction sector. To prevent fires from spreading, it is essential to use fire-retardant materials. As more safety rules are implemented and the dangers of fire are more understood in many nations throughout the world, the demand will continue to rise.
Impact of COVID-19 on the Global Fire Stopping Material Market
The COVID-19 pandemic has had a significant impact on the global fire stopping material market. Fire stopping materials are used in construction to prevent the spread of fire and smoke between different parts of a building. The pandemic has disrupted the construction industry, which is a major end-use market for fire stopping materials.
During the pandemic, construction activities were severely impacted due to supply chain disruptions, factory shutdowns, and reduced demand. Many construction projects were delayed or put on hold, leading to a decline in demand for fire stopping materials. Additionally, the pandemic led to a shortage of skilled labor in the construction industry, which further impacted the demand for fire stopping materials.
Moreover, the pandemic led to a shift in the priorities of building owners and construction companies, who had to focus on implementing safety measures and maintaining social distancing guidelines, which resulted in reduced investments in new construction projects. This had a negative impact on the demand for fire stopping materials.
However, the pandemic also led to an increase in demand for fire stopping materials in the healthcare industry. As the pandemic increased the demand for hospital beds and medical facilities, the need for fire stopping materials to ensure the safety of these facilities also increased.As the pandemic continues to evolve, it remains to be seen how the global fire stopping material market will be impacted in the long term. However, it is expected that the market will recover as construction activities resume and new safety regulations are implemented to prevent the spread of fire and smoke. The increasing emphasis on safety in building codes and regulations is expected to further drive the demand for fire stopping materials in the coming years.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Type, By Application, By End User |
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | 3-M Company, BASF SE, Etex Group, Hilti Group, Knauf Insulation, Morgan Advanced Materials, Rector Seal Corporation, RPM International, Inc, Sika AG, Specified Technologies, Inc. |
Global Fire Stopping Material Market Segmentation:
1. By Type:
- Boards
- Cast-in Devices
- Collars
- Mortar
- Putty and Putty Pads
- Sealants
- Wraps/Strips
2. By Application:
- Electrical
- Mechanical
- Plumbing
3. By End User:
- Commercial
- Industrial
- Residential
4. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Fire Stopping Material Market (FY’2019-FY’2032)
- Overview of Global Fire Stopping Material Market
- Segmentation of Global Fire Stopping Material Market By Type (Boards, Cast-in Devices, Collars, Mortar, Putty and Putty Pads, Sealants, Others)
- Segmentation of Global Fire Stopping Material Market By Application (Electrical, Mechanical, Plumbing, Others)
- Segmentation of Global Fire Stopping Material Market By End User (Commercial, Industrial, Residential)
- Statistical Snap of Global Fire Stopping Material Market
- Growth Analysis of Global Fire Stopping Material Market
- Problems and Challenges in Global Fire Stopping Material Market
- Competitive Landscape in the Global Fire Stopping Material Market
- Impact of COVID-19 and Demonetization on Global Fire Stopping Material Market
- Details on Recent Investment in Global Fire Stopping Material Market
- Competitive Analysis of Global Fire Stopping Material Market
- Major Players in the Global Fire Stopping Material Market
- SWOT Analysis of Global Fire Stopping Material Market
- Global Fire Stopping Material Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1 Research data source2.1.1 Secondary data2.1.2 Primary data2.1.3 SPER’s internal database2.1.4 Premium insight from KOL’s2.2 Market size estimation2.2.1 Top-down and Bottom-up approach2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges4.2. COVID-19 Impacts of the Global Fire Stopping Materials Market
5. Market variables and outlook
5.1. SWOT analysis5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats5.2. PESTEL analysis5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape5.2.6 Legal landscape5.3. PORTER’S five forces analysis5.3.1 Bargaining power of suppliers5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant5.3.5 Competitive rivalry5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Fire Stopping Materials Manufacturing Base Distribution, Sales Area, Product Type6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Fire Stopping Materials Market
7. Global Fire Stopping Materials Market, By Type, 2019-2032 (USD Million)
7.1 Boards7.2 Cast-in Devices7.3 Collars7.4 Mortar7.5 Putty and Putty Pads7.6 Sealants7.7 Wraps/Strips7.8 Others
8. Global Fire Stopping Materials Market, By Application, 2019-2032 (USD Million)
8.1 Electrical8.2 Mechanical8.3 Plumbing8.4 Others
9. Global Fire Stopping Materials Market, By End User, 2019-2032 (USD Million)
9.1 Commercial9.2 Industrial9.3 Residential
10. Global Fire Stopping Materials Market, By Region, 2019-2032 (USD Million)
10.1 Global Fire Stopping Materials Market Size and Market Share by Region (2019-2025)10.2 Global Fire Stopping Materials Market Size and Market Share by Region (2026-2032)10.3 Asia-Pacific10.3.1 Australia10.3.2 China10.3.3 India10.3.4 Japan10.3.5 South Korea10.3.6 Rest of Asia-Pacific10.4 Europe10.4.1 France10.4.2 Germany10.4.3 Italy10.4.4 Spain10.4.5 United Kingdom10.4.6 Rest of Europe10.5 Middle East and Africa10.5.1 Kingdom of Saudi Arabia10.5.2 United Arab Emirates10.5.3 Rest of Middle East & Africa10.6 North America10.6.1 Canada10.6.2 Mexico
10.6.3 United States
10.7 Latin America10.7.1 Argentina10.7.2 Brazil10.7.3 Rest of Latin America
11. Company Profiles
11.1 3M Company11.1.1 Company details11.1.2 Financial outlook11.1.3 Product summary11.1.4 Recent developments11.2 BASF SE11.2.1 Company details11.2.2 Financial outlook11.2.3 Product summary11.2.4 Recent developments11.3 Etex Group11.3.1 Company details11.3.2 Financial outlook11.3.3 Product summary11.3.4 Recent developments11.4 Hilti Group11.4.1 Company details11.4.2 Financial outlook11.4.3 Product summary11.4.4 Recent developments11.5 Knauf Insulation11.5.1 Company details11.5.2 Financial outlook11.5.3 Product summary11.5.4 Recent developments11.6 Morgan Advanced Materials11.6.1 Company details11.6.2 Financial outlook11.6.3 Product summary11.6.4 Recent developments11.7 Rector Seal Corporation11.7.1 Company details11.7.2 Financial outlook11.7.3 Product summary11.7.4 Recent developments11.8 RPM International, Inc11.8.1 Company details11.8.2 Financial outlook11.8.3 Product summary11.8.4 Recent developments11.9 Sika AG11.9.1 Company details11.9.2 Financial outlook11.9.3 Product summary11.9.4 Recent developments11.10 Specified Technologies, Inc11.10.1 Company details11.10.2 Financial outlook11.10.3 Product summary11.10.4 Recent developments
12.List of Abbreviations
13.Reference Links
14.Conclusion
15.Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Fire Stopping Material Market is projected to reach USD 4.80 billion by 2032, growing at a CAGR of 11.85% during the forecast period.
Fire Stopping Material Market grew in market size from 2021. The Market is expected to reach USD 4.80 billion by 2032, at a CAGR of 11.85% during the forecast period.
Fire Stopping Material Market CAGR of 11.85% during the forecast period.
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Fire Stopping Material Market size is USD 4.80 billion from 2022 to 2032.
Fire Stopping Material Market Segment is Covered By Type, By Application, By End User.
The Asia-Pacific region is anticipated to have the highest market share in The Fire Stopping Material Market.
The key players in the market include Companies Covered 3-M Company, BASF SE, Etex Group, Hilti Group, Knauf Insulation, Morgan Advanced Materials, Rector Seal Corporation, RPM International, Inc, Sika AG, Specified Technologies, Inc.
A variety of industries, including construction, oil and gas, transportation, and others, are seeing an increase in the demand for fire-stopping products.
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