Global Firestop Sealants Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Firestop Sealants Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Firestop Sealants is a kind of sealing material, which has the dual performance of sealing and fire protection and belongs to the measure type fire protection material. Firestop Sealants are used to seal small openings/gaps through penetrants (such as civil pipes, ducts, electrical cables, etc.) passing through walls or floors in buildings. The purpose of fire sealants is to seal any small openings so as to prevent a fire from traveling from a fire area/compartment to another area/compartment of a building or structure. It is used to seal both through-penetration firestop systems and joint systems. Mainly used for bonding and sealing of all kinds of fireproof doors and windows, flame-retardant sealing of various layers of curtain wall engineering; installation of flame-retardant sealing of all kinds of doors and windows glass; waterproof, moisture-proof, decorative and flame-retardant sealing of public places such as hotels, hotels, theaters, etc.

Market Overview:

The latest research study on the global Firestop Sealants market finds that the global Firestop Sealants market reached a value of USD 846.96 million in 2022. It’s expected that the market will achieve USD 1193.29 million by 2028, exhibiting a CAGR of 5.88% during the forecast period.

Restraints

In addition to Firestop Sealants, there are many types of fire protection products on the market. The presence of advanced fire protection alternatives, including flame retardant masterbatches and intumescent coatings that provide advanced and cost-effective fire protection solutions, is likely to hinder the growth of the Firestop Sealants market.
Some ingredients of Firestop Sealants may be harmful to human body, but some unscrupulous merchants use substandard raw materials or craftsmanship to produce inferior Firestop Sealants products, resulting in bad influence on the market. This is also one of the factors hindering the development of the market.
Apart from this, some factors such as the outbreak of COVID-19 will also hinder the development of the Firestop Sealants industry. The outbreak of the epidemic has led to the rupture of the industrial chain, insufficient supply of raw materials, adverse impact on factory production activities, and blocked downstream market trade. These circumstances have also adversely affected the Firestop Sealants industry.

Drivers

The continuous development of the construction market is one of the important driving forces of the Firestop Sealant market. Firestop Sealant is mainly used in various types of buildings, for fire prevention in cracks and other places. With the rapid growth of global residential buildings, industrial buildings, and commercial buildings in recent years, the downstream market of Firestop Sealant continues to grow. Thereby generating a lot of market demand. In addition, the rising awareness of safety and fire protection is also promoting residents' demand for Firestop Sealant, which further promotes the demand of downstream markets. In addition, manufacturers' continuous sales and advertising are also promoting the development of downstream markets. Therefore, it is expected that the Flexible Firestop Sealant market will continue to develop for a long period of time due to the demand growth generated by the growth of the downstream market.

Challenges

Firestop Sealants work to stop smoke and flame from penetrating and penetrating through construction joints. But Firestop Sealants also have some problems, such as Firestop Sealants can be squashed under high pressure. This is the main disadvantage of Firestop Sealants. Additionally, under high tension, Firestop Sealants may pull apart from seam junctions in the event of a fire, rendering Firestop Sealants ineffective. Solving this problem is also a challenge for manufacturers. The longevity of Firestop Sealants is also a concern for users. For example, when exposed to the sun for a long time, in an environment subjected to high temperature and high pressure, in a low temperature environment, etc., the service life of Firestop Sealants is shortened and the aging is accelerated. Solving the service life of Firestop Sealants in special environments is also one of the challenges faced by manufacturers.

Region Overview:

North America dominated the Firestop Sealants market in 2021, with a market share of 35.7%.

Company Overview:

3M is one of the major players operating in the Firestop Sealants market, holding a share of 13.41% in 2022.

3M

The 3M Company is an American multinational conglomerate corporation operating in the fields of industry, worker safety, US health care, and consumer goods. The company produces over 60,000 products under several brands, including adhesives, abrasives, laminates, passive fire protection, personal protective equipment, window films, paint protection films, dental and orthodontic products, electrical and electronic connecting and insulating materials, medical products, car-care products, electronic circuits, healthcare software and optical films.

Hilti

Hilti Corporation is a Liechtenstein multinational company that develops, manufactures, and markets products for the construction, building maintenance, energy and manufacturing industries, mainly to the professional end-user. It concentrates mainly on anchoring systems, fire protection systems, installation systems, measuring and detection tools (such as laser levels, range meters and line lasers), power tools (such as hammer drills, demolition hammers, diamond drills, cordless electric drills, heavy angle drills, power saws) and related software and services.

Segmentation Overview:

Among different product types, Silicone segment is anticipated to contribute the largest market share in 2027.

Silicone

Silicone Firestop Sealants are elastic, maintain stability in high & low temperatures and are resistant to other chemicals, moisture, and weathering. Unlike some adhesives, silicone sealants must cure.

Acrylic

Acrylic Firestop Sealants are composed of acrylate polymers and are water-based environmentally friendly flame retardant sealants with fire and smoke properties. Acrylic polymer is a clear plastic with excellent elasticity and resistance to breakage. While they may not be as durable as silicone Firestop Sealants, they have the added advantage that they can be painted over, making them suitable for use in gaps and barriers around doors and windows, cornices and baseboards, and other areas that need to be filled.

Application Overview:

The market's largest segment by application is the segment Commercial & Institutional, with a market share of 47.2% in 2021.

Key Companies in the global Firestop Sealants market covered in Chapter 3:

Trafalgar Fire
Bai Yun Chemical
Entc Nuclear Technology
Promat
Fosroc (JMH)
Soudal
Sika AG
Pecora
3M
Rockwool
H. B. Fuller
Rectorseal
Nelson Firestop (Emerson)
Bostik (Arkema)
Weber Gruppe
Specified Technologies
Tremco
KONISHI
Dow Corning
Hilti

In Chapter 4 and Chapter 14.2, on the basis of types, the Firestop Sealants market from 2018 to 2029 is primarily split into:

Silicone
Acrylic
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Firestop Sealants market from 2018 to 2029 covers:

Residential
Commercial & Institutional
Industrial

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)