Fire Stopping Material Global Market Report 2024

The fire stopping material market has grown strongly in recent years. It will grow from $1.52 billion in 2023 to $1.66 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The historical period's growth can be ascribed to stringent building codes and regulations, heightened awareness of fire safety, a surge in construction activities, rigorous requirements in high-risk environments, and mandates from the insurance industry.

The fire stopping material market is expected to see rapid growth in the next few years. It will grow to $2.47 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. The anticipated growth in the forecast period can be credited to the swift expansion of the construction industry, a heightened emphasis on sustainable and environmentally friendly solutions, strict fire safety requirements in critical infrastructure, a growing adoption in retrofitting projects, and the global prioritization of life safety and property protection. Key trends in the forecast period encompass advancements in intumescent technology, formulations with environmental considerations, flexible and sealant solutions, adherence to code compliance and standards, and innovations in fire retardant additives.

The anticipated increase in the number of fire incidents is poised to significantly propel the fire-stopping materials market in the future. Fire incidents represent tragic events that can lead to property loss and severe burn injuries, causing excruciating pain, scarring, deformity, disability, ongoing care needs, and, tragically, even loss of life. Fire-stopping materials play a crucial role in mitigating fire incidents, acting as key protectors by preventing the spread of fire across different compartments within a building. For example, a survey conducted by the National Fire Protection Association (NFPA), a US-based non-profit organization, revealed that in 2021, local fire departments in the US responded to 1.35 million fire incidents, resulting in 3,800 civilian fatalities and 14,700 reported civilian fire injuries. The estimated property damage cost from these fires amounted to $15.9 billion. Consequently, the anticipated increase in fire incidents is expected to drive the future growth of the fire-stopping materials market.

The thriving construction industry is set to fuel the expansion of the fire-stopping materials market in the forthcoming years. The construction sector is a vital economic segment encompassing various activities related to the planning, design, construction, and maintenance of buildings and infrastructure. Fire-stopping materials are designed to hinder the spread of fire, smoke, and toxic gases in concealed areas of a building, thereby slowing down fire accidents and minimizing their impact. For instance, data from the US Census Bureau in November 2023 indicated that construction spending is projected to reach $1,996.5 billion in September 2023, marking a 0.4 percent (1.2 percent) increase from the revised August forecast of $1,988.3 billion. Compared to the projected figure for September 2022, the September 2023 figure is 8.7% (1.8%) higher at $1,836.9 billion. Therefore, the thriving construction industry remains a driving force for the fire-stopping materials market.

Product innovation stands out as a prominent trend gaining traction in the fire-stopping materials market. Leading companies in this sector are actively engaged in the development of innovative products to solidify their market presence. For example, in September 2022, UK-based fire protection product manufacturer Nullifire Ltd. introduced FS719 HP Blue, designed specifically for chlorinated polyvinyl chloride (CPVC) materials. This product features a distinctive blue color for easy visual identification and traceability, offering up to two hours of fire resistance. Notably, it is easily recognizable when used with the FB750 incubator-coated batt and is compatible with the FBCTM System, providing enhanced accessibility for sprinkler and fire protection system installers.

Major players in the fire-stopping materials market are embracing a strategic partnership approach to offer contractor clients the option of purchasing No-Burn intumescent coatings. Strategic partnerships involve companies leveraging each other's strengths and resources for mutual benefits and success. For instance, in September 2021, US-based manufacturing company Huntsman Building Solutions announced a partnership with No-Burn, Inc., a recognized leader in fire safety. This collaboration enables Huntsman Building Solutions to provide a range of No-Burn intumescent coatings to contractor clients in the United States. These coatings, namely No-Burn Plus XD and No-Burn Plus ThB, are suitable for use with spray polyurethane foam insulation and are now available for purchase through Huntsman Building Solutions. The partnership aligns well with Huntsman Building Solutions' comprehensive array of spray foam insulation solutions.

In July 2021, Perimeter Solutions, a US-based firefighting foam manufacturer, acquired Magnum Fire & Safety Systems for an undisclosed amount. The acquisition was strategically aimed at enhancing and expanding the company's capabilities as a global integrator of firefighting foam systems. Magnum Fabrication, Inc., the acquired company, specializes in the manufacturing of firefighting foam equipment and systems in the United States.

Major companies operating in the fire stopping material market report are Hilti Corporation, 3M Company, Sika AG, Etex Group, Morgan Advanced Materials, Knauf Insulation, Compagnie de Saint-Gobain S.A, BASF SE, Abesco Fire Ltd., Fire Seals Direct, Fischerwerke GmbH And Co. KG, Lloyd Insulations, Unique Fire Stop Products Inc., Trelleborg AB, Rockwool International A/S, Specified Technologies Inc., H. B. Fuller Company, RectorSeal LLC, Promat International NV, Ruskin Company, Tremco Incorporated, Almese Rolf Kuhn GmbH, Roxul Inc., Arkema Group, Fosroc International Ltd., Atkore International, GCP Applied Technologies Inc., CPG INTERNATIONAL INC., Fireteknics Ltd., Protexus Fire Systems Ltd.

North America was the largest region in the fire-stopping materials market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global fire-stopping materials market report during the forecast period. The regions covered in the fire stopping material market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the fire stopping material market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of materials utilized in fire-stopping applications include coatings, mortar, sealants and fillers, sheets and boards, spray, preformed devices, putty, cast-in devices, and other variations. Coatings, in this context, refer to layers or films applied to surfaces for decorative or protective purposes. They find application in diverse sectors such as electrical, mechanical, plumbing, and more. The major end-users of these materials encompass the commercial, industrial, and residential industries.

The fire-stopping materials market research report provides fire-stopping materials market statistics, including fire-stopping materials industry global market size, regional shares, competitors with a fire-stopping materials market share, detailed fire-stopping materials market segments, market trends and opportunities, and any further data you may need to thrive in the fire stopping materials industry. This fire-stopping materials market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The fire stopping materials market consists of sales of gypsum-based plaster, intumescent mastics, mineral fibers, and cavity barriers. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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