What are the Historical Developments and Current Growth Metrics of the Fire Stopping Material Market?
The fire stopping material market has seen considerable growth due to a variety of factors.
•In recent years, the market size for fire stopping material has seen strong growth. It is projected to expand from $1.64 billion in 2024 to $1.8 billion in 2025, with a compound annual growth rate (CAGR) of 9.6%.
The past growth in the market can be ascribed to strict building laws and regulations, increasing awareness about fire safety, rise in construction projects, strict requisites in high-risk areas, and mandates from the insurance industry.
What Does Future Hold for The Fire Stopping Material Market Size?
The fire stopping material market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of fire stopping materials is projected to experience significant expansion in the upcoming years, with predictions showing growth to "$2.76 billion by 2029, at a compound annual growth rate (CAGR) of 11.3%.
The sought-after expansion during this forecast period is attributed to the rapid development of the construction industry, a concentration on sustainable and eco-friendly solutions, strict fire safety regulations in vital infrastructure, growing implementation in refurbishment projects, and a worldwide focus on safeguarding lives and protecting properties. Notable trends during this forecast period encompass advancements in intumescent technology, eco-friendly formulations, versatile and sealing solutions, adherence to code compliance and standards, and innovative fire retardant additives.
What Are The Key Drivers Fueling Growth In The Fire Stopping Material Market?
The surge in fire incidents is anticipated to substantially fuel the advancement of the fire-stopping materials market. Fire incidents imply unfortunate events that may lead to property destruction and horrifying burn injuries, resulting in unbearable pain, scarring, deformity, disability, continuous care necessity, and even fatality. Fire-stopping materials serve as primary defenses against such incidents. They function by protecting people and assets, impeding the fire from spreading throughout a building's compartments. For example, a November 2023 survey by the non-profit organization, National Fire Protection Association (NFPA), revealed that U.S. local fire departments attended roughly 1.5 million fire incidents in 2022, leading to 3,790 civilian fatalities and 13,250 reported injuries. The overall property damage from these fires stood at around $18 billion. Consequently, the escalating number of fire incidents is likely to propel the expansion of the fire-stopping materials market.
What Are The Principal Market Segments In The Global Fire Stopping Material Industry?
The fire stopping material market covered in this report is segmented –
1) By Type: Coatings, Mortar, Sealants And Fillers, Sheets And Boards, Spray, Preformed Device, Putty, Cast-In Devices, Other Types
2) By Application: Electrical, Mechanical, Plumbing, Other Applications
3) By End-User: Commercial, Industrial, Residential
Subsegments:
1) By Coatings: Intumescent Coatings, Fire-Resistive Coatings
2) By Mortar: Fire-Resistive Mortar, Pre-Mixed Mortar
3) By Sealants And Fillers: Silicone Sealants, Acrylic Sealants, Fire-Stop Fillers
4) By Sheets And Boards: Fire-Resistant Boards, Fire-Resistant Sheets
5) By Spray: Fire-Resistant Spray Foam, Intumescent Spray
6) By Preformed Device: Fire-Stop Collars, Fire-Stop Blocks
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Which Emerging Market Trends Are Altering The Fire Stopping Material Sector?
The key trend rapidly growing in popularity in the fire-stopping materials market is product innovation. Major players in this market are focusing on the creation of innovative products to solidify their dominance. As an example, Nullifire Ltd., a UK-based manufacturer of fire protection products, introduced its unique FS719 HP Blue for CPVC materials in September 2022. This product is identifiable by its distinctive blue hue, facilitating easy visual identification and tracking, and can provide up to two hours of fire resistance. Among its unique features are its easy detectability when paired with the FB750 incubator-coated batt and its FBCTM System compatibility. This state-of-the-art product is now available to both sprinkler and fire protection system fitters.
Who Are the Key Players in the Fire Stopping Material Market?
Major companies operating in the fire stopping material market include:
• Hilti Corporation
• 3M Company
• Sika AG
• Etex Group
• Morgan Advanced Materials
• Knauf Insulation
• Compagnie de Saint-Gobain S.A
• BASF SE
• Abesco Fire Ltd.
• Fire Seals Direct
• Fischerwerke GmbH And Co. KG
• Lloyd Insulations
• Unique Fire Stop Products Inc.
• Trelleborg AB
• Rockwool International A/S
• Specified Technologies Inc.
• H. B. Fuller Company
• RectorSeal LLC
• Promat International NV
• Ruskin Company
• Tremco Incorporated
• Almese Rolf Kuhn GmbH
• Roxul Inc.
• Arkema Group
• Fosroc International Ltd.
• Atkore International
• GCP Applied Technologies Inc.
• CPG INTERNATIONAL INC.
• Fireteknics Ltd.
• Protexus Fire Systems Ltd.
What are the Regional Insights into the Fire Stopping Material Market?
North America was the largest region in the fire-stopping materials market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global fire-stopping materials market report during the forecast period. The regions covered in the fire-stopping material market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
