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

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

Flexible firestop sealant is a specific type of sealant that help avert the spread of fire. They prevent the fire from spreading by sealing openings to fire-rated interiors of a building construction, floors, ceilings, or wall assembly. They are possessing fire-resistant properties with exceptional longevity, as well as greatly reducing the formulation of smoke and other harmful toxins. They could also additionally act as an acoustic barrier by reducing the transfer of noise. Flexible firestop sealant is paintable, and can also be easily cleaned with water.

Market Overview:

The latest research study on the global Flexible Firestop Sealant market finds that the global Flexible Firestop Sealant market reached a value of USD 865.61 million in 2022. It’s expected that the market will achieve USD 1289.47 million by 2028, exhibiting a CAGR of 6.87% during the forecast period.

The demand generated by the growth of the downstream market will continue to grow.

Flexible 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 Flexible 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 Flexible 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.

Production of Flexible Firestop Sealant will also increase.

The demand of the downstream market will drive the development of the market, and manufacturers will expand the market to meet the needs of the market because of the growth of the downstream market. Typical examples are the acquisition and expansion of large companies such as 3M and Hilti. With the acquisition and expansion of large enterprises, the global production of Flexible Firestop Sealant will also increase.

Region Overview:

In 2021, the share of the Flexible Firestop Sealant market in North America stood at 36.21%.

Company Overview:

3M is one of the major players operating in the Flexible Firestop Sealant market, holding a share of 13.69% in 2021.

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:

By type, Elastomeric Type segment accounted for the largest share of market in 2021.

Elastomeric Type

Elastomeric Firestop Sealants are mainly used for fire-proof sealing of building joints (such as curtain wall gaps).

Intumescent Type

Intumescent Firestop Sealants is mainly used to seal the through holes of single or small-sized bundled cables, and to fill the gaps between cables.

Application Overview:

The market's largest segment by application is the segment Commercial Building, with a market share of 41.03% in 2021.

Key Companies in the global Flexible Firestop Sealant market covered in Chapter 3:

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

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

Elastomeric Type
Intumescent Type

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

Residential Building
Commercial Building
Industrial Building
Others

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)