Press release
Prolific infrastructural advancements across the globe to bolster Firestop Sealants Market outlook over 2020-2025
Rapid developments across the residential & commercial construction sector aided by public & private collaborations will fuel firestop sealants market share. Favorable government initiatives such as housing for all and low bank rates will facilitate the expansion of residential construction activities in the coming years.Fire barrier sealants are extremely durable, leading to their widespread popularity in various applications such as porous and nonporous substrates sealing, sanitary fittings, ceiling wiring and electrical conduits. Additionally, the robust application potential of passive fireproofing solutions such as fillers, sealants and tapes in pipes, wires and cables will stimulate firestop sealants market demand over 2025.
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According to Global Market Insight, Inc. estimates, the worldwide firestop sealants market size is projected to cross $500 million over 2025.
Considering the end-use application spectrum, firestop sealants market share from the industrial segment is expected to witness growth at a rate of over 4.5% through 2025. The product is used extensively in the automotive industry given the high fire risks faced by the sector owing to high exposure to flammable sources like solvents, paints, petrol and engine oils, among others.
Likewise, the rising preference for lightweight materials for fuel efficiency and customer security enhancement will bolster product demand. Flourishing automotive production rates across prominent locations such as U.S, Brazil, India, China and Japan, among others will present several profitable growth prospects for key industry players.
Meanwhile, the commercial end-use segment of the Germany firestop sealants industry is expected to accrue appreciable gains of over 5% through 2025, owing to the burgeoning adoption of concrete joints and metals in the chemical, pharmaceutical and production sectors, with the aim of averting any fire-related mishaps. Furthermore, advantageous characteristics including high adhesiveness and robust fire obstruction properties will propel firestop sealants market trends from the commercial segment.
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With regards to product-based segmentation, the firestop sealants industry is categorized into silicone and acrylic products. Of these, the acrylic sealants segment is expected to record revenue worth over $300 million by 2025. The product demonstrates strong application potential through exceptional movement and adhesion capabilities to a vast array of substrates including metal and plastic pipes, cable trays, static and dynamic joints for wooden floor & ceiling, ducts, cables and more.
Positive transformation of the overall infrastructural landscape will further accelerate the adoption of fire proofing materials for construction activities, which will in turn impel firestop sealants industry expansion over 2025.
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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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