Global Firestop Sealants Market- Growth Analysis, Covid-19 Impact, Trends and Forecast Analysis to 2027
Firestop Sealants Market: Fire Abating Materials
·
Firestop sealants are extensively employed to resist the passage
of smoke, flame, and water through construction joints and penetrations. These
sealants are primarily used to aid motion including pipe vibration, water
hammer, thermal expansion, and other normal building movements, without
damaging the seal.
·
Firestop sealants primarily help seal small openings, up to 2 cm
to 4 cm in diameter, in order to prevent fire from traveling to another area of
a structure
·
Firestop sealants can get squashed under high compression. This
is a major disadvantage of firestop sealants. Furthermore, under high tension,
firestop sealants may get pulled away from the shoulders of the joint, at the
time of fire.
·
In terms of material, the global
firestop sealants market can be segmented into silicone, ablative, and
intumescent. Silicone firestop sealants are elastic, help maintain stability
during fluctuating temperatures, and provide resistance against chemicals,
moisture, and weathering.
·
Ablative firestop sealants help absorb the energy of fire, and
release it in the form of gases to form insulation
·
Intumescent firestop sealants are mainly used around plastic
pipes or materials, which are connected through walls and floors. These sealants
swell as soon as they are exposed to heat, thus increasing volume and
decreasing the density of sealants.
Key Drivers of Firestop Sealants Market
·
Firestop sealants are extensively used in various applications
including residential buildings, commercial buildings, industrial buildings,
and others
·
Firestop sealants are employed in residential buildings in
fire-rated gypsum wallboard partitions, concrete walls or floors, wood floors,
and concrete or corrugated steel deck floor/ceiling assemblies
·
Growth of GDP and changes in economic conditions, rise in
urbanization, and increase in investments in housing projects have led to an
increase in space requirements across the globe. This is likely to increase
residential construction worldwide. These factors are projected to drive the
demand for firestop sealants due to its ability of resisting smoke, flame, and
water through construction joints.
·
Electrical failures or malfunctions, mechanical failure,
chemical spilling, etc. can cause fires in industrial buildings. Additionally,
the presence of combustible dust in manufacturing sectors such as food,
woodworking, chemical, metalworking, and pharmaceuticals is anticipated to
drive the demand for firestop sealants in the near future.
·
Industrial buildings are more susceptible to vibration and
movement of the various machineries and equipment. This makes the usage of
effective firestop sealants a necessity in order to prevent the passage of fire
from areas such as metal pipes, insulated metal pipes, plastic pipes, and
connection joints in fire compartment walls and floors.
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Asia Pacific Anticipated to Hold
Major Share of Global Firestop Sealants Market
·
Geographically, the firestop sealants market can be split into
North America, Europe, Asia Pacific, Latin America, and Middle East &
Africa
·
Rise in disposable income, rapid urbanization, increase in
housing requirements, and growth in governmental initiatives are likely to
boost the construction sector in Asia Pacific. For instance, governmental
programs in India, such as ‘Housing for All 2022’, the UDAN (Ude Desh ka Aam
Nagrik) scheme, and the Aayushman Bharat program, are expected to drive the
construction sector during the forecast period. Presence of binding safety
norms in commercial, industrial, and residential buildings across the region is
likely to boost the demand for firestop sealants in the near future.
·
The market in Europe and North America is mature, as it is dominated
by large number of manufacturers. Furthermore, houses are primarily made of
wood in these regions, especially in North America. This makes these regions
more susceptible to flames. Additionally, the presence of stringent fire safety
rules in these regions is expected to drive the firestop sealants market in the
near future.
·
A few players dominate the market in Latin America. Major
manufacturers of firestop sealants such as Hilti Corporation, The 3M Company,
Sika AG, and Arkema S.A. are focusing on expanding their footprint across the
region.
·
Middle East & Africa is the major hub of the oil & gas
industry. The region is prone to fire risks. This is anticipated to drive the
demand for firestop sealants in Middle East & Africa during the forecast
period.
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Key Players Operating in Firestop Sealants Market
The global
firestop sealants market is highly fragmented; it is dominated by large numbers
of big manufacturers and a few small manufacturers. Key players operating in
the global firestop sealants market include:
·
Hilti Corporation
·
The 3M Company
·
ROCKWOOL International A/S
·
H.B. Fuller Company
·
Sika AG
·
Arkema S.A.
·
Tremco Incorporated
·
RectorSeal.
·
Urja Sealants Pvt. Ltd
·
Rapidrop Global Ltd
·
Soudal Accumetric
·
Fosroc, Inc.
·
Specified Technologies Inc.
·
Emerson Electric Co. (Through Nelson Firestop Sealant)
·
Etex SA/NV (Through Promat Fire Protection LLC)
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