Fire Stopping Materials Market is accounted for USD 6,258 million in 2020, growing at a robust CAGR of 6.6% during forecast period

Introduction of the Fire Stopping Materials Market Report
Fire stopping material can be defined as a retardant that helps in seal any openings to prevent smoke, fire, and heat from passing through multiple building compartments. It is widely used in office complexes, warehouses, and industrial buildings. These are made up of intumescent materials as well as silicone and rubber compounds etc. Moreover, the use of different materials at different places depends upon climate, model, locality, among others.

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Market Dynamic
Key Drivers and Emerging Trends
Rapid urbanization led to investment in the construction industry such as corporate offices, hospitals, education institutes, etc. which has boosted the growth of the global fire-stopping material market. For instance, according to the International Trade Administration in 2021, China is termed as the world’s largest construction market. The revenue in China is expected to increase from USD 968 billion to $1.1 trillion in 2021. Moreover, fire protection materials provide superior stability and toughness at different temperatures, meeting a complete requirement for aerospace and automotive applications. For instance, these are being installed in automotive industries, focusing on installing fire protection measurements in vehicles to ensure safe evacuation time. For instance, in 2021, sika automotive introduced a fire protection coating technology for the electric vehicle battery systems, which provide a high amount of fire security.

Restraint in the Fire Stopping Materials Market
However, increasing concerns related to the cost for installing the fire stopping materials are high which has hampered the growth of this market. Additionally, contractors or building maker avoid installing this material to reduce the construction cost.

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Type – Segment Analysis
Based on the Type, Putty and Putty Pads are expected to grow at a higher CAGR rate in the global fire-stopping materials market during the forecast period. Putty is a material of high plasticity, which is similar to dough; it is used to fix or seal gaps during construction. These are generally used for sealing pipe and cable insulation, electrical outlet boxes, and lightweight partitions to increase their fire resistance. It protects against the spreading of fire and smoke during a fire accident. Thus, this factor has boosted the growth of this segment.

Application – Segment Analysis
Based on the Application, mechanical is projected to grow at a higher CAGR rate in the global fire-stopping materials market during the forecast period due to an increase in performance-oriented buildings has developed the demand for fire-stopping materials in this application. Builders and contractors focusing on ventilation, air-conditioning, energy-efficient designs, and heating evacuation system have surged the demand to install fire-stopping materials, which has boosted the growth of this market.

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Regional – Segment Analysis:
Based on the region, the North America accounted for the largest share in the fire-stopping materials market, owing to the stringent fire safety norms mandated by governments and surging demand for these materials in old and new buildings in this region. The presence of key players in this region, such as 3M, Knauf Insulation, RectorSeal Corporation, etc., has also boosted the growth of this market in this region. Moreover, the rising construction industry, especially the growing of skyscrapers in the emerging economies will further boost the growth of this market.

Top Market Players
Various notable players operating in the market, include, Hilti Corporation, 3M, Etex Group, Knauf Insulation., Specified Technologies Inc., Sika AG, BASF SE, RPM International Inc., Tenmat Ltd, Encon Insulation Ltd, among others.

Key Developments:

• • In Sep 2020, Etex Group acquired FSI Ltd, a British company specialized in the passive protection solutions which will strengthen its fire stopping business unit. This will allow Etex to strengthen its offering in drylining systems and passive fire protection.
  • In Jan 2020, Specified Technologies Inc launched 2 new fuel pipe protection using E-Wrap systems: FP-3 and FP-4. These systems are available for protecting fuel oil pipe from fire.

Segments covered in the Report:
The global Fire Stopping Materials Market has been segmented on the basis of Type, Application, and regions. Based on Type, the market is segmented into Sealants, Cast-in devices, Boards, Putty and Putty Pads, Collars, Wraps/strips and Others. Based on Application, the market is segmented into Mechanical, Plumbing, Electrical and Others.

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Key questions answered in this research report:

• • At what pace is global Fire Stopping Materials Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Fire Stopping Materials Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Fire Stopping Materials Market?
  • Which Type generated maximum revenues in 2020 and identify the most promising Type during the forecast period?
  • What are the various Application areas of global Fire Stopping Materials Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues (2020)	USD 6,258 Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Hilti Corporation, 3M, Etex Group, Knauf Insulation., Specified Technologies Inc., Sika AG, BASF SE, RPM International Inc., Tenmat Ltd, Encon Insulation Ltd, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Fire Stopping Materials Market by Type

• • Sealants
  • Cast-in devices
  • Boards
  • Putty and Putty Pads
  • Collars
  • Wraps/strips
  • Others

Global Fire Stopping Materials Market by Application

• • Mechanical
  • Plumbing
  • Electrical
  • Others

Global Fire Stopping Materials Market by Region

• • North America Fire Stopping Materials Market (Option 1: As a part of the free 25% customization)
    • North America Fire Stopping Materials Market by Type
    • North America Fire Stopping Materials Market by Application
    • US Fire Stopping Materials Market All-Up
    • Canada Fire Stopping Materials Market All-Up
  • Europe Fire Stopping Materials Market (Option 2: As a part of the free 25% customization)
    • Europe Fire Stopping Materials Market by Type
    • Europe Fire Stopping Materials Market by Application
    • UK Fire Stopping Materials Market All-Up
    • Germany Fire Stopping Materials Market All-Up
    • France Fire Stopping Materials Market All-Up
    • Spain Fire Stopping Materials Market All-Up
    • Rest of Europe Fire Stopping Materials Market All-Up
  • Asia-Pacific Fire Stopping Materials Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Fire Stopping Materials Market by Type
    • Asia-Pacific Fire Stopping Materials Market by Application
    • China Fire Stopping Materials Market All-Up
    • India Fire Stopping Materials Market All-Up
    • Japan Fire Stopping Materials Market All-Up
    • Rest of APAC Fire Stopping Materials Market All-Up
  • RoW Fire Stopping Materials Market (Option 4: As a part of the free 25% customization)
    • RoW Fire Stopping Materials Market by Type
    • RoW Fire Stopping Materials Market by Application
    • Brazil Fire Stopping Materials Market All-Up
    • South Africa Fire Stopping Materials Market All-Up
    • Saudi Arabia Fire Stopping Materials Market All-Up
    • UAE Fire Stopping Materials Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Fire Stopping Materials Market All-Up

Major Players Operating in the Market Name (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Hilti Corporation
  • 3M
  • Etex Group
  • Knauf Insulation.
  • Specified Technologies Inc.
  • Sika AG
  • BASF SE
  • RPM International Inc.
  • Tenmat Ltd
  • Encon Insulation Ltd