Press release
Fire Collars Market Set for Robust Growth as Fire Safety Concerns and Infrastructure Development Drive Demand Worldwide
Fire Collars Market
According to the latest research by InsightAce Analytic, the Global Fire Collars Market is valued at US$ 315.0 million in 2023, and it is expected to reach US$ 462.4 million by 2031, with a CAGR of 5.10% during the forecast period of 2024-2031.
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Fire collars are critical components in reactive fire protection systems, significantly improving building safety and structural integrity by withstanding high temperatures and maintaining functionality during fires or explosions. These devices are essential in preventing the spread of fire through wall and floor penetrations, enhancing fire safety within buildings. Fire collars help mitigate potential hazards and facilitate safe evacuation of occupants in the event of an emergency. Their user-friendly design ensures easy installation by qualified professionals, promoting efficient deployment. Additionally, their durability and low maintenance requirements contribute to long-term reliability, offering developers a cost-effective and practical fire safety solution.
The integration of fire collars into structural fire protection systems is further facilitated by their straightforward monitoring and maintenance processes. Moreover, ongoing technological advancements are driving the development of more versatile and resilient fire collars, improving their fire resistance and installation ease. These innovations are fostering the widespread adoption of fire collars, making them more effective and efficient in bolstering building safety.
List of Prominent Players in the Fire Collars Market:
• 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
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Market Dynamics
Drivers:
The growing demand for fire collars is primarily fueled by the rising frequency of fire-related incidents. Contributing factors such as increasing global temperatures and gaps in fire safety protocols have amplified the need for effective fire protection solutions. As a result, many regions are anticipated to witness a surge in demand for fire collars and other fire prevention products, creating significant growth opportunities for suppliers in the global fire collar market.
Challenges:
The market faces notable challenges stemming from the availability of more cost-effective alternatives, which have led to a decline in the adoption of fire collars. Fire collars are typically more expensive compared to other fire protection solutions, as their protective coatings require precise application, resulting in higher material and labor costs. Consequently, many users opt for alternative fire-resistant materials and heat-resistant products to reduce costs associated with large-scale surface protection.
Regional Trends:
The North American fire collar market is expected to capture a significant share and demonstrate a strong compound annual growth rate (CAGR) in the coming years. This growth is driven by a heightened emphasis on proactive fire prevention measures, enhanced building safety protocols, and the implementation of stricter fire safety regulations. Likewise, Europe holds a considerable share of the market, supported by rapid infrastructure development, increasing population density, and the enforcement of more stringent building codes. The rise in fire incidents and advancements in fire safety technologies are further bolstering market expansion. The increasing demand for efficient fire collars, in line with evolving safety standards and construction activities, is expected to drive continued industry growth in the region.
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Segmentation of Fire Collars Market-
By Type-
• Stainless Steel Cases
• Steel Cases
• Others
By Application-
• Office Buildings
• Hospitals
• Shopping Centers
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
info@insightaceanalytic.com
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