Flexible Firestop Sealants Market Scope
Flexible firestop sealants are used to seal small openings/gaps through penetrants passing through walls or floors in buildings to prevent a fire from traveling from a fire area/compartment to another area/compartment of a building or structure. The flexible firestop sealer possesses superior fire-resistant properties and scales back the smoke formulation alongside another harmful toxin. The flexible firestop sealant also reduces the transfer of sound between the surfaces thus getting more demand for residential, commercial, and industrial applications.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | The 3M Company (United States), HILTI Corporation (Liechtenstein), ROCKWOOL International A/S (Denmark), H.B. Fuller Company (United States), Bostik (Arkema) (France), Sika AG (Switzerland), Tremco Incorporated (United States), Accumetric, LLC (United States), RectorSeal (United States) and Specified Technologies Inc. (United States) |
CAGR | 7.3% |
The global market for Flexible Firestop Sealant is fragmented by global players owing to the growing demand for fire hazard problems in residential and commercial. The updating technologies to incur acoustic properties and nontoxic properties should be attained by players in order to grab the market share. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Flexible Firestop Sealants market throughout the predicted period.
The 3M Company (United States), HILTI Corporation (Liechtenstein), ROCKWOOL International A/S (Denmark), H.B. Fuller Company (United States), Bostik (Arkema) (France), Sika AG (Switzerland), Tremco Incorporated (United States), Accumetric, LLC (United States), RectorSeal (United States) and Specified Technologies Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Fosroc, Inc. (United Arab Emirates), Pecora Corporation (United States) and Trafalgar Passive Fire Protection Systems (United Kingdom).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Flexible Firestop Sealants market by Type , by Application (Residential, Commercial and Industrial & Institutional) and Region with country level break-up.
On the basis of geography, the market of Flexible Firestop Sealants has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In January 2023, Global software and engineering leader Emerson has signed a collaboration agreement with ZAETHER, an enterprise business transformation digital consultant and outcomes provider, to deliver comprehensive software, consulting and support solutions to help life science leaders enact transformative change for more flexibility, adaptability and speed to market
In February 2023, Trelleborg’s offshore operation launches its next-generation Firestop™ material. The newly developed fire-resistant material is thinner and lighter than any current passive fire protection materials available to the market.
Influencing Trend:
Adhering to Mandatory Fire Hazard Norms and Regulations in Different Sectors
Market Growth Drivers:
Growth in Residential Construction Sector and Industrial Sector for Fire Hazard Safety
Challenges:
Firestop Sealant Substitutes Available in Market
Restraints:
Stringent Government regulations Regarding Volatile Organic Compounds
Opportunities:
Developing More Efficient Firestop Sealants Solutions which are Water Based and Solvent Free
Key Target Audience
Flexible Firestop Sealant Manufacturer, Providers/Distributors, Construction Companies, Industrial Infrastructure Companies and Others