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    Firestop Sealants Market | Covid-19 Impact Analysis

    Firestop Sealants Market | Covid-19 Impact Analysis

    Firestop Sealants Market | Covid-19 Impact Analysis
    Report code - SRAM508 Delivery - 2 Weeks
    Firestop Sealants Market Size, Share, Trend, Forecast, & Industry Analysis – 202 See more...
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    Impact of COVID-19 on Firestop Sealants Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Firestop Sealants Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Firestop Sealants Market Insights

    Firestop Sealants Market is likely to witness a CAGR of 5.0% during the forecast period. The growth of the firestop sealants market is basically driven by increasing infrastructural development supported by government initiatives to construct new schools, airports, hospitals, and government offices, wide range of applications as a fireproofing material in pipes, wires, cables, metal products, etc., across both industrial and non-industrial structures, and strict rules and regulations made by the government regarding fire safety in industrial sectors for ensuring safe working environment, during the forecast period.

    Firestop Sealants Market - Snapshot

    Growth

    5.0% for the next five years

    Major Product Type

    Silicone

    Dominant Application Type

    Pipes and Cables Penetrations

    Fastest End-Use Type

    Industrial

    Region with the highest demand

    Asia-Pacific

    Key Players

    Bostik (Arkema), Fosroc (JMH Group), Guangzhou Baiyun Chemical Industry Co., Ltd., H.B. Fuller, Hilti Corporation, Pecora, Sika AG, Specified Technologies, The 3M Company, and Tremco Incorporated.

     

    Market Share Analysis

    Firestop-Sealants-Market-Dominant-Segments

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    Firestop Sealants Market Share: By Product Type

    Based on the product type, the market is segmented as silicone and acrylic. The silicone product type is estimated to account for the major share of the market during the forecast period. The growth is attributed to the growing demand for static and dynamic joints applications in residential and non-residential structures. Sealants offer various features such as low-modulus property which reduces strains on the substrate surface, the elastomeric property which allows recovery from extension of single or multiple metallic pipes, tubes and conduits, and the water-resistant properties which helps in sealing of sanitary joints in new and refurbished constructions, fueling the growth of the market during the forecast period.

    Firestop Sealants Market Share: By Application Type

    Based on the application type, the market is segmented as pipes and cables penetrations, curtain walls, facades/partition walls, and concrete floor. The penetration of pipes and cables is estimated to be the largest application type of the market owing to the versatile solutions offered for electrical, plumbing, and mechanical solutions works. Factors such as increase in deployments of HVAC and electrical systems make the utilization of fire-resistive assemblies more essential in pipes, ducts, cables, and buildings. Further, concrete floor is estimated to witness significant growth rate, attributed to its usage for both vertical joints in facades and horizontal floor joints, offering fire resistance to buildings and construction materials.

    Firestop Sealants Market Share: By End-Use Type

    Based on the end-use type, the market is segmented as residential, commercial, and industrial. Residential is estimated to hold the major share of the market. The growth of the segment is attributed to its utilization as a fire-resistant sealing agent between floor to floor, wall to wall, floor to wall, and heads to wall or perimeter wall in homes and other housing societies and buildings during the forecast period. Factors such as growing number of dual income families and high salaried employees accompanied by the support of government housing policies and easily available financial assistance are expected to boost the product demand in the market during the forecast period.

    On the other hand, the industrial segment is estimated to register high growth rate in the market in the upcoming years. It offers inhibition of fire spreading and resistance in extreme temperatures, and it also assists to control smoke, spread of gases in fire exposure, resulting in limiting economic and human losses, accelerating the growth of the market during the forecast period.

    Firestop Sealants Market Share: By Region

    In terms of regions, Asia-Pacific is estimated to be the largest region in the market with China, India, and Japan being the major countries with increasing infrastructural development in the regional market during the forecast period. Factors such as stringent rules and regulations pertaining to fire safety due to the growing number of accidents in the industrial and residential sectors, and growth in set up of commercial complexes and large townships, owing to increase in the urbanization wave, are expected to fuel the growth of the regional market in the coming years.

    Firestop-Sealants-Market-By-Region

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    On the contrary, North America is estimated to witness significant growth rate in the market with the U.S., Canada, and Mexico being the major countries with lucrative growth opportunities during the forecast period. Factors such as increasing exploration of shale gas technology mainly in the U.S., prevalence of high-risk environment owing to the presence of explosive and highly flammable compounds are projected to accelerate the regional growth in the upcoming years. Europe is also expected to offer substantial growth opportunities during the forecast period.

    Some of the key players in the firestop sealants market are-

    • Bostik (Arkema)
    • Fosroc (JMH Group)
    • Guangzhou Baiyun Chemical Industry Co., Ltd.
    • H.B. Fuller
    • Hilti Corporation
    • Pecora
    • Sika AG
    • Specified Technologies
    • The 3M Company
    • Tremco Incorporated.

     

    Market Scope & Segmentation

    Firestop sealants are a form of passive fire protection which is basically designed for being used in linear and curtain wall joints, as well as penetrations in walls and floors, and for maintaining the fireproofing by inhibiting the spread of fire and smoke.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Firestop Sealants Market Research Report - Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The firestop sealants market is segmented into the following categories.

    Firestop Sealants Market Size, Share, & Forecast, by Product Type:

    • Silicone (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Acrylic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Firestop Sealants Market Size, Share, & Forecast, by Application Type:

    • Pipe and Cable Penetrations (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Curtain Walls, Facades/Partition Walls (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Concrete Floor (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Firestop Sealants Market Size, Share, & Forecast, by End-Use Type:

    • Residential (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Commercial
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (End-Use Type Analysis: Educational Institutions, Commercial Buildings/Complexes, and Others)
    • Industrial
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (End-Use Type Analysis: Construction, Marine, Automotive, and Others)

    Firestop Sealants Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Firestop-Sealants-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the product types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]

     


    Frequently Asked Questions (FAQs)

    What will be the growth of Firestop Sealants Market in the foreseeable future?

    The firestop sealant market is expected to witness an impressive growth of 5.0% CAGR in the foreseeable future.

    Who are the key players in the Firestop Sealants Market?

    Bostik (Arkema), Fosroc (JMH Group), Guangzhou Baiyun Chemical Industry Co., Ltd., H.B. Fuller, Hilti Corporation, Pecora, Sika AG, Specified Technologies, The 3M Company, and Tremco Incorporated are among the key players in the firestop sealants market.

    Which country/region is expected to be the largest Firestop Sealants Market?

    Asia-pacific is expected to be the largest firestop sealants market during the next five years.

    Which product type is expected to account for the major share of the Firestop Sealants Market?

    The silicone product type is estimated to account for the major share of the firestop sealants market in the coming years.

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