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North America Preformed Firestop Devices Market Size, Share & Trends Analysis Report By Type (Sleeves & Pathways, Fire Brick, Blocks, & Plugs, and Others), By End User (Commercial, Residential, and Industrial), By Application, By Country and Growth Forecast, 2024 - 2031

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    Report

  • 111 Pages
  • June 2024
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5988591
The North America Preformed Firestop Devices Market is projected to witness market growth of 5.3% CAGR during the forecast period (2024-2031).

The US market dominated the North America Preformed Firestop Devices Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $130.07 millions by 2031. The Canada market is exhibiting a CAGR of 7.6% during (2024 - 2031). Additionally, The Mexico market is projected to experience a CAGR of 6.6% during (2024 - 2031).



Preformed firestop devices are specialized components or assemblies that seal openings or penetrations in fire-rated walls, floors, and ceilings. These devices are manufactured off-site in controlled environments, ensuring consistency in quality and performance. They are usually installed to preserve the integrity of fire-rated barriers and stop the spread of hazardous gases, smoke, and fire during construction or retrofitting.

Furthermore, preformed firestop devices are crucial in enhancing fire safety across various applications, ensuring the protection of buildings, occupants, and critical infrastructure. Their versatility and effectiveness make them indispensable in a wide range of settings. Preformed firestop devices are extensively used in commercial buildings such as offices, retail spaces, hotels, and shopping malls. These buildings typically have complex layouts with numerous penetrations through walls, floors, and ceilings for utilities like electrical cables, plumbing, and HVAC systems. In the event of an emergency, firestop devices are placed around these penetrations to preserve the integrity of fire-rated barriers and stop smoke and fire from spreading. This helps protect occupants and limits property damage, ensuring business continuity and safety compliance.

Mexico's growing renting and leasing sector is witnessing increased commercial and residential real estate activity. Urbanization, economic development, and rising population drive demand for new construction and renovation projects across major cities like Mexico City, Guadalajara, Monterrey, and Puebla. As more buildings are constructed or refurbished for rental purposes, there is a heightened emphasis on fire safety measures, including the installation of preformed firestop devices.

As per the data from the Government of Mexico, in the first quarter of 2024, real estate and rental and leasing recorded a gross domestic product of $2.78T MX. Thus, the rising real estate sector and increasing investments in North America will increase demand for preformed firestop devices in the region. Hence, increasing construction and the region's rising rent & lease sector are driving the market's growth.

List of Key Companies Profiled

  • Specified Technologies Inc.
  • RectorSeal Corporation (CSW Industrials, Inc.)
  • Knauf Insulation GmbH
  • 3M Company
  • BASF SE
  • Etex NV
  • Hilti AG
  • Morgan Advanced Materials PLC
  • RPM International, Inc.
  • Sika AG

Market Report Segmentation

By Type
  • Sleeves & Pathways
  • Fire Brick, Blocks, & Plugs
  • Others
By End User
  • Commercial
  • Residential
  • Industrial
By Application
  • Plumbing
  • Electrical
  • Others
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Preformed Firestop Devices Market, by Type
1.4.2 North America Preformed Firestop Devices Market, by End User
1.4.3 North America Preformed Firestop Devices Market, by Application
1.4.4 North America Preformed Firestop Devices Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. North America Preformed Firestop Devices Market by Type
4.1 North America Sleeves & Pathways Market by Country
4.2 North America Fire Brick, Blocks, & Plugs Market by Country
4.3 North America Others Market by Country
Chapter 5. North America Preformed Firestop Devices Market by End User
5.1 North America Commercial Market by Country
5.2 North America Residential Market by Country
5.3 North America Industrial Market by Country
Chapter 6. North America Preformed Firestop Devices Market by Application
6.1 North America Plumbing Market by Country
6.2 North America Electrical Market by Country
6.3 North America Others Market by Country
Chapter 7. North America Preformed Firestop Devices Market by Country
7.1 US Preformed Firestop Devices Market
7.1.1 US Preformed Firestop Devices Market by Type
7.1.2 US Preformed Firestop Devices Market by End User
7.1.3 US Preformed Firestop Devices Market by Application
7.2 Canada Preformed Firestop Devices Market
7.2.1 Canada Preformed Firestop Devices Market by Type
7.2.2 Canada Preformed Firestop Devices Market by End User
7.2.3 Canada Preformed Firestop Devices Market by Application
7.3 Mexico Preformed Firestop Devices Market
7.3.1 Mexico Preformed Firestop Devices Market by Type
7.3.2 Mexico Preformed Firestop Devices Market by End User
7.3.3 Mexico Preformed Firestop Devices Market by Application
7.4 Rest of North America Preformed Firestop Devices Market
7.4.1 Rest of North America Preformed Firestop Devices Market by Type
7.4.2 Rest of North America Preformed Firestop Devices Market by End User
7.4.3 Rest of North America Preformed Firestop Devices Market by Application
Chapter 8. Company Profiles
8.1 Specified Technologies Inc.
8.1.1 Company Overview
8.1.2 SWOT Analysis
8.2 RectorSeal Corporation (CSW Industrials, Inc.)
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 SWOT Analysis
8.3 Knauf Insulation GmbH
8.3.1 Company Overview
8.3.2 SWOT Analysis
8.4 3M Company
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 SWOT Analysis
8.5 BASF SE
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 SWOT Analysis
8.6 Etex NV
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional Analysis
8.6.4 SWOT Analysis
8.7 Hilti AG
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional Analysis
8.7.4 Research & Development Expenses
8.8 Morgan Advanced Materials PLC
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.8.5 SWOT Analysis
8.9 RPM International, Inc.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expense
8.9.5 SWOT Analysis
8.10. Sika AG
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expenses
8.10.5 SWOT Analysis

Companies Mentioned

  • Specified Technologies Inc.
  • RectorSeal Corporation (CSW Industrials, Inc.)
  • Knauf Insulation GmbH
  • 3M Company
  • BASF SE
  • Etex NV
  • Hilti AG
  • Morgan Advanced Materials PLC
  • RPM International, Inc.
  • Sika AG

Methodology

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