About Fire Stopping Materials
Fire stopping materials are a form of passive fire protection that is used to seal around openings and between joints in a fire-resistance-rated wall or floor assembly. It is used in re-establishing the fire-rated integrity of a wall or floor assembly compromised. Fire stopping materials are a range of products used to restore the fire-resistance ratings of walls and floors by impeding the spread of fire and smoke through openings. Those materials include ceramic (alumina silica) fiber blanket, foam backer rod, foamed silicone, glass fiber and mineral wool.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Global Fire Stopping Materials is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
3M (United States), Hilti India Pvt. Ltd. (India), Firestop Contractors International Association (United States), B R Traders (India), Everkem Diversified Products (United States), World Wide Metric, Inc. (United States), Chemsol, Inc. (United States), Chalfant Manufacturing Company (United States) and Nexcare (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Fire Stopping Materials market by Type (Cement Mortar, Gypsum-Based Plaster, Cement or Gypsum-Based Vermiculite Mixes, Intumescent Mastics and Others) and Region.
On the basis of geography, the market of Fire Stopping Materials has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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). If we see Market by Verticals, the sub-segment i.e. Health Care Facilities will boost the Fire Stopping Materials market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Construction Projects and Need for the Fire Safety
Market Growth Drivers:
Increasing Applications of the Fire Stopping Materials in the Construction Sector
Challenges:
Regulatory Compliances with the Fire Stopping Materials
Restraints:
High Price Associated with the Fire Stopping Materials
Opportunities:
Growing Demand for Developing Countries can create Opportunities for the Fire Stopping Materials Market Growth
Market Leaders and their expansionary development strategies
In June 2021, Trelleborg’s applied technologies operation launched its new lightweight fire-resistant material as part of its ongoing agreement with CFP Composites to make FR1500 available in Europe.
In 2020, 3M has launched an online tool for passive fire protection systems. The system selector allows users to quickly navigate 3M’s extensive library of tested and listed systems and determine, which option is better for the specific situation.
Key Target Audience
Fire Stopping Materials Manufacturers, Fire Stopping Materials Suppliers and Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.