Firestop Sealants Market: Introduction
Firestop sealants are specific type of sealants, which helps avert the spread of fire. Firestop sealants prevents the fire from dispersal by sealing openings to fire-rated interiors of a building construction, floors, ceilings or wall assemblies. Firestop sealants possess fire resistant properties with exceptional longevity, as well as immensely reduces, the formulation of smoke and other harmful toxins in the premises. Firestop sealants could also enact as an acoustic barrier by reducing the propagation of noise. Firestop sealants are paintable, and can also be easily cleaned with water
Firestop Sealants Market: Dynamics
The key driving factor for the global firestop sealants market is persistently evolving residential, commercial and industrial sector, which have resulted in an increased demand for firestop sealants across all major developing economies. The macroeconomic factors, such as booming industrial activities coupled with up gradation in fire protection, increase in safety guidelines and regulations for industries in many countries is further augmenting the sales for firestop sealants. The significant increase in demand for firestop sealants due to the growing safety concerns regarding safe industrial operations is highly anticipated to drive the global firestop sealants market. Moreover, considerable growth in the East Asia, South Asia & Middle East commercial & residential sector and technological advancement in the production of firestop sealants is anticipated to create a significant opportunity for the global firestop sealants market. Additionally, the superior performance characteristics of firestop sealants, such as allowing maximum fire resistance, highly adhesive, easy cleaning, less clogging and low maintenance is highly anticipated to propel the demand for firestop sealants across various end-use sector. The key restraining factor, such as high cost, complex installation process of firestop sealants and fire proofing solutions may hinder the global firestop sealants market growth over the forecast period.
Firestop Sealants Market: Segmentation
The global firestop sealants market is segmented on the basis of type, container type, application and region.
Based on the type, the global firestop sealants market is segmented as:
- Elastomeric Type
- Intumescent Type
Based on the container type, the global firestop sealants market is segmented as:
Industrial-based on the application, the global firestop sealants market is segmented as:
Elastomeric type firestop sealants are anticipated to showcase remarkable growth rate during the forecast period due to its non-halogenated latex-based formulation and fast setting up characteristics. On the other hand, among container type segment, cartridge segment is anticipated to see substantial market growth over the forecast period, which is attributed to ease its usage. Among the application, industrial application held for the largest share in 2018 and is anticipated to maintain its dominance over the forecast period.
Firestop Sealants Market: Regional Outlook
The global firestop sealants market is segmented into seven regions: North America, Europe, MEA, East Asia (Japan, China, and South Korea), South Asia (India, Thailand, Malaysia, Indonesia, Philippines, and Rest of South Asia), Oceania (Australia, New Zealand) and Latin America. Among the above-mentioned countries, East Asia is estimated to account for a significant market share due to prevailing industrial boom in countries, such as China, Japan and South Korea. South Asia is anticipated to witness a high growth in the global firestop sealants market owing to the rise in residential and commercial sector. Moreover, MEA and Latin America is projected to showcase most enthusiastic growth in the global firestop sealants market due to the rise in the population coupled with an upsurge in construction activities across the region. Europe and North America are one of the key developed regions that will generate creditable opportunity in the global firestop sealants market over the forecast period due to the existence of significant industrial sector.
Firestop Sealants Market: Prominent players
Prominent players for the global Firestop Sealants market are 3M Company, Hilti, Rockwool, H. B. Fuller, Bostik (Arkema), Tremco, Everbuild (Sika AG), Specified Technologies, Fosroc (JMH Group), Pecora, Trafalgar Fire, Promat, Metacaulk (Rectorseal), Entc Nuclear Technology, Bai Yun Chemical, Nelson Firestop (Emerson) and other key market players. The firestop sealants market consists of well-diversified global and regional players with global vendors ruling their respective regional market.
The research report presents a comprehensive assessment of the firestop sealants market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Firestop Sealants market report provides analysis and information according to market segments such as type, container type, application.
The Firestop Sealants Market Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
The Firestop Sealants Market Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Rest of LatAm)
- Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
- East Asia (Japan, China, South Korea)
- South Asia (India, Thailand, Malaysia, Indonesia, Philippines, Rest of South Asia)
- Oceania (Australia, New Zealand)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The firestop sealants report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The firestop sealants report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The Firestop Sealants report also maps the qualitative impact of various market factors on market segments and geographies.
The Firestop Sealants Market Report Highlights:
- A Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
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