At a CAGR of 5.2%, Fire Collars Market to Gain Value of USD 571.9 Mn by 2034 : Transparency Market Research Study

The fire collars market is a growing segment within the passive fire protection industry. Fire collars are devices designed to prevent the spread of fire through openings in fire-resistant walls and floors that contain pipes, cables, or other building services. These collars are fitted around the pipes or cables where they penetrate fire-rated walls, and in the event of a fire, they expand when exposed to heat, effectively sealing the gap and containing the spread of flames, smoke, and toxic gases.

The global fire collars market is driven by stringent building codes and fire safety regulations that mandate the use of firestop systems in buildings. Fire collars, as a vital part of these systems, are increasingly being installed in new construction projects and retrofitted into existing structures. It is estimated to grow at a CAGR of 5.2% from 2024 to 2034 and reach US$ 571.9 Mn by the end of 2034.

Request a PDF Sample of this Report Now!
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=86320

Top Companies:

STI Firestop
Snap Fire Systems
ROCKWOOL A/S
Promat (Etex Group)
RFT
PFC Corofil
Pyropanel (ASSA ABLOY)
Walraven
KBS Corporate Sales Ltd.
Allproof
Hilti
RectorSeal
Ramset
Fondital (Marvon)
Temati
Envirograf
FireSeal AB
DST Group Ltd.
Astroflame
Airflow Developments Limited
Nicoll-Nordic
K-FLEX S.p.A.
FSi Limited (PipeBloc)
Bampi S.p.A.
Pyroplex Ltd.

Key Market Drivers:

Stringent Fire Safety Regulations: Government-imposed fire safety codes and building standards play a major role in driving the demand for fire collars. These regulations are becoming more stringent globally, especially in developed regions like North America and Europe, where compliance with fire safety standards is mandatory. Regulatory bodies such as the National Fire Protection Association (NFPA) and European Committee for Standardization (CEN) have strict fire protection requirements that mandate the installation of firestopping systems, including fire collars, in commercial and residential buildings.

Developing regions like the Asia-Pacific and Middle East are also adopting more rigorous fire safety standards as they urbanize and industrialize. This trend is increasing the adoption of fire collars in new construction projects and renovation efforts.

Growth in the Construction Industry: The construction industry's expansion, particularly in emerging markets, is a key driver for the fire collars market. The rise in the construction of high-rise buildings, shopping malls, hospitals, data centers, and industrial complexes has heightened the need for reliable fire protection systems. Fire collars are essential for ensuring that fire compartmentalization within buildings is maintained, particularly where plastic or metal pipes penetrate fire-rated walls and floors.

Increasing infrastructure investments, especially in sectors such as healthcare and hospitality, are also contributing to the market's growth, as these sectors require high levels of fire protection.

Increasing Awareness of Fire Safety: Heightened awareness of fire safety, spurred by high-profile fire incidents and resulting fatalities, has increased the demand for fire protection systems. Property owners, building managers, and construction firms are becoming more conscious of the need to comply with fire safety measures to protect both lives and property from fire hazards.

Fire collars, as part of comprehensive firestopping solutions, are gaining more attention as a cost-effective means of containing fire and smoke spread through critical building services. The rise of public safety campaigns and insurance industry pressure on fire safety compliance is also contributing to the increasing adoption of fire collars.

Retrofit and Renovation of Existing Structures: In addition to new construction, there is significant demand for fire protection systems in the retrofitting and renovation of older buildings. Many existing structures are being upgraded to meet modern fire safety standards, particularly in older commercial buildings and industrial facilities. Fire collars are being installed in these projects to ensure that penetrations through fire-rated assemblies are properly protected.

The growing focus on green buildings and sustainable construction practices is also driving the demand for fire protection solutions in both new builds and renovation projects.

Technological Advancements in Firestopping Materials: Ongoing advancements in firestop materials and systems are leading to the development of more effective and durable fire collars. New materials and designs have improved the performance of fire collars, enabling them to withstand higher temperatures and provide enhanced sealing of gaps around penetrations. These technological advancements are improving the reliability and performance of fire collars, making them more attractive to architects, engineers, and builders.

Recent Developments:

Innovations in Fire Collar Materials: Manufacturers are introducing fire collars made from intumescent materials that expand rapidly when exposed to high temperatures. These collars provide better performance in sealing penetrations and can be used in a wider range of applications, including for larger pipe diameters and more complex building systems.

Focus on Eco-friendly Fire Protection Solutions: In line with global sustainability goals, there is a growing trend toward the development of eco-friendly fire collars that have a reduced environmental impact. These products are designed to meet stringent fire safety requirements while also being manufactured using environmentally sustainable processes and materials.

Modular and Adjustable Fire Collar Designs: Companies are also innovating with modular and adjustable fire collar designs that allow for easier installation and flexibility in a variety of settings. These innovations are helping to reduce installation time and costs, making fire collars more accessible for both large-scale construction projects and smaller retrofits.

Digital Fire Safety Solutions: The integration of digital fire safety monitoring solutions is another emerging trend in the fire protection market. Advanced fire collars can now be monitored using digital sensors and software, allowing building managers to ensure that firestopping systems are in place and functioning as required. This trend is aligned with the growing adoption of smart building technologies.

Unlock Growth Potential in Your Industry! Download PDF Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=86320

Key Segmentation:

By Type
Stainless Steel Cases
Steel Cases
Others

By Application
Office Buildings
Hospitals
Shopping Centers
Others

By Region

North America
Europe
Asia Pacific
Middle East & Africa
South America

Buy this Premium Research Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=86320<ype=S

Conclusion: The fire collars market is set to experience continued growth as global fire safety regulations become more stringent and the construction industry expands. The increasing focus on fire protection, particularly in sectors such as healthcare, industrial facilities, and commercial buildings, will drive demand for fire collars as a key component of passive fire protection systems.

Explore More Trending Report:

Titanium Fluoride Phosphate Market: https://www.globenewswire.com/news-release/2023/02/15/2608489/0/en/Titanium-Fluoride-Phosphate-Market-to-Reach-US-914-2-Mn-by-2031-as-per-a-TMR-Study.html

Vertical Injection Molding Machine Market:https://www.globenewswire.com/news-release/2022/10/11/2532018/0/en/Vertical-Injection-Molding-Machine-Market-to-Gain-Value-of-US-10-6-Bn-by-2031-TMR-Study.html

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact Us:

Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

This release was published on openPR.