Press release
Fire Stopping Material Market Poised for 11 % Growth, Set to Hit $2.76 Billion by 2029
Fire Stopping Material Market Size
The escalating incidence of fires are predicted to be a key factor propelling the fire-stopping materials market's growth. Fire incidents denote disastrous events potentially leading to property destruction and terrible burns, causing agonizing pain, disfigurement, disability, long-term care requirements, and even mortality. Fire-stopping materials play a crucial role in mitigating these incidents, offering protection to both people and property by inhibiting fire from spreading throughout the various sections of a building. For example, a survey by the National Fire Protection Association (NFPA), an American non-profit entity, disclosed that during 2022, local fire departments across the United States dealt with roughly 1.5 million fire incidents. These events led to 3,790 civilian fatalities and 13,250 acknowledged injuries, resulting in property damage worth $18 billion. Consequently, the surge in fire incidents is anticipated to fuel the expansion of the fire-stopping materials market.
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What Is the projected market size and growth rate for the fire stopping material market?
In the past few years, the market size for fire stopping materials has seen substantial growth. The market is anticipated to rise from $1.64 billion in 2024 to $1.8 billion in 2025, with a compound annual growth rate (CAGR) of 9.6%. The significant growth in the previous period can be traced back to severe building codes and guidelines, growing consciousness of fire safety, uptick in construction activities, demanding necessities in high-risk environments, and mandates from the insurance industry.
Over the upcoming years, the fire stopping material market is anticipated to experience swift expansion. The market is projected to rise to "$2.76 billion by 2029 with an 11.3% compound annual growth rate (CAGR). Factors contributing to growth during the forecast period include a spike in construction activities, prioritisation of sustainable and green solutions, strict fire safety regulations for significant infrastructure, higher acceptance in retrofit projects, and worldwide focus on preserving life and property safety. Future trends expected in the forecast period consist of advancements in intumescent technology, eco-friendly formulations, adaptable and sealing solutions, compliance with codes and standards, and creative strides in fire retardant additives.
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What new trends are reshaping the fire stopping material market and its opportunities?
Emerging as a key trend in the fire-stopping materials industry, product innovation is driving companies to create new, innovative offerings to secure their market presence. An excellent example is Nullifire Ltd., a prominent UK fire protection product manufacturer, who in September 2022 unveiled its distinctive FS719 HP Blue for chlorinated polyvinyl chloride (CPVC) materials. Distinguishable by its unique blue color, this product not only offers easy visual identification and traceability but also delivers up to two hours of fire resistance. Key features include compatibility with the FBCTM System and easy identification when used with FB750 incubator-coated batt. The introduction of this advanced product has proven beneficial for installers of fire protection and sprinkler systems.
What major market segments define the scope and growth of the fire stopping material market?
The fire stopping material market covered in this report is segmented -
1) By Type: Coatings, Mortar, Sealants And Fillers, Sheets And Boards, Spray, Preformed Device, Putty, Cast-In Devices, Other Types
2) By Application: Electrical, Mechanical, Plumbing, Other Applications
3) By End-User: Commercial, Industrial, Residential
Subsegments:
1) By Coatings: Intumescent Coatings, Fire-Resistive Coatings
2) By Mortar: Fire-Resistive Mortar, Pre-Mixed Mortar
3) By Sealants And Fillers: Silicone Sealants, Acrylic Sealants, Fire-Stop Fillers
4) By Sheets And Boards: Fire-Resistant Boards, Fire-Resistant Sheets
5) By Spray: Fire-Resistant Spray Foam, Intumescent Spray
6) By Preformed Device: Fire-Stop Collars, Fire-Stop Blocks
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Which region dominates the fire stopping material market?
North America was the largest region in the fire-stopping materials market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global fire-stopping materials market report during the forecast period. The regions covered in the fire-stopping material market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Which key market leaders are driving the fire stopping material industry growth?
Major companies operating in the fire stopping material market include Hilti Corporation, 3M Company, Sika AG, Etex Group, Morgan Advanced Materials, Knauf Insulation, Compagnie de Saint-Gobain S.A, BASF SE, Abesco Fire Ltd., Fire Seals Direct, Fischerwerke GmbH And Co. KG, Lloyd Insulations, Unique Fire Stop Products Inc., Trelleborg AB, Rockwool International A/S, Specified Technologies Inc., H. B. Fuller Company, RectorSeal LLC, Promat International NV, Ruskin Company, Tremco Incorporated, Almese Rolf Kuhn GmbH, Roxul Inc., Arkema Group, Fosroc International Ltd., Atkore International, GCP Applied Technologies Inc., CPG INTERNATIONAL INC., Fireteknics Ltd., Protexus Fire Systems Ltd.
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What Is Covered In The Fire Stopping Material Global Market Report?
• Market Size Forecast: Examine the fire stopping material market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the fire stopping material market for a structured understanding.
• Key Players Overview: Analyze major players in the fire stopping material market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the fire stopping material market.
• Segment Contributions: Evaluate how different segments drive overall growth in the fire stopping material market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the fire stopping material market.
• Industry Challenges: Identify potential risks and obstacles affecting the fire stopping material market.
• Competitive Landscape: Review strategic developments in the fire stopping material market, including expansions, agreements, and new product launches.
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