Fire Stopping Materials Market was valued at USD 6,258 million in 2020, registering a healthy 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

Growing concerns pertaining human and property loss among individuals aided by the rising incidents of fire accidents and expansion across the construction industry are projected to drive the fire stopping material market. Increasing adoption of fire storage protection material across the aerospace and automotive industries owing to their stability and ability to withstand different temperatures will further strengthen the market size. Moreover, increasing urban population, rising awareness towards fire safety, ongoing technological innovations, and the emerging need for overall building protection are projected to stimulate the market growth. The ability of fire stopping material to restrict the spread of smoke and heat in order to delay the damage and increase the fire escape duration has augmented their deployment across residential and non-residential buildings, fueling the market growth.

Further, the growing usage of safety codes in buildings for occupants and users and the increasing incorporation of fire protection materials in passenger and heavy-duty vehicles to certify safe evacuation time for passengers will further augment the market growth. The growing emphasis of leading players on technological advancements to introduce improved materials with the ability to withstand fire for a longer time will offer enormous opportunities to the market. However, as per the Fire Stopping Materials Market global forecast, high cost incurred on the installation of fire stopping materials is forecast to impede the market growth.

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Type – Segment Analysis
Putty and Putty Pads are forecast to hold a larger share over the forecast period. Putty and putty pads are highly flexible and can be molded with hands for quick installation, thus, they are primarily used to seal gaps during construction, propelling the segment’s growth. The putty and putty pads offer complete protection against the spread of smoke and fire during a fire accident and offers an excellent adhesion to construction substrates will expand the Fire Stopping Materials Market Size.

Application – Segment Analysis
Mechanical segment is anticipated to witness a sturdy boom over the forecast period, primarily because of the growing emphasis of buildings and contractors on ventilation, air-conditioning, energy-efficient designs, and heating evacuation system which has increased the installation of fire-stopping materials.

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Regional – Segment Analysis:
North American region is forecast to dominate the market over the upcoming years, owing to the strong presence of leading players which include Knauf Insulation, RectorSeal Corporation, and 3M. Strict fire safety norms and expansion of construction industry, especially across the emerging economies will further boost the market size. Besides, accelerating population, increasing income, improving lifestyle, and increasing investment by the leading market will pave the way for Asia Pacific Region.

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 2020, FSI Ltd, a British company specialized in the passive protection solutions was acquired by the Etex Group. The acquisition is intended to strengthen the fire stopping business unit and expand their offering in drylining systems and passive fire protection.
  • In 2020, Specified Technologies Inc introduced 2 new fuel pipe protection using E-Wrap systems: FP-3 and FP-4, available to prevent fuel oil pipe from fire.
  • In 2020, Sherwin-Williams Protective & Marine, launched FIRETEX M90/03, a latest intumescent coating to offer onshore passive fire protection and is ideal for applications that have variable dry film thicknesses (DFTs).
  • 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)
    • By Type
    • By Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Fire Stopping Materials Market (Option 2: As a part of the free 25% customization)
    • By Type
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Fire Stopping Materials Market (Option 3: As a part of the free 25% customization)
    • By Type
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Fire Stopping Materials Market (Option 4: As a part of the free 25% customization)
    • By Type
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) 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