January 06, 2020
According to the research report titled ‘Firestop Sealants Market Size By Product (Silicone, Acrylic), By Application (Pipe and Cable Penetrations, Curtain walls, Facades/Partition Walls, Concrete floor), By End Use (Residential, Commercial & Institutional, Industrial) Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, Spain, China, Japan, India, South Korea, Thailand, Malaysia, Australia, Brazil, Saudi Arabia, UAE, South Africa), Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025’, available at MarketStudyReport.com, the global firestop sealants market is predicted to expand significantly by the year 2025.
According to the report, escalating investments towards construction of residential and commercial spaces, in tandem with favorable federal reforms which promote housing for all are driving firestop sealants market growth. Firestop sealants are widely used in ceiling wirings, electrical conduits, sanitary fixtures, and porous & nonporous substrates sealing applications. Strict government policies pertaining to usage of passive fire protection materials in construction sector are also aiding the expansion of the market.
As per product type, the report states that silicone segment dominated the firestop sealants market with 40% demand share in 2018. Silicone sealants have low elasticity modulus which help in lowering surface strains in substrates and enables recovery from expansion of single & multiple tubes, conduits and metallic pipes. Thus, increasing application of sealants in fire-rated joints, electric sockets, and cables & wires is fueling the growth of the segment.
Based on application spectrum, pipe and cable penetrations segment generated a revenue of USD 190 million in 2018. Modern building frameworks encompass various networks and utility services including ventilation, fittings, and pipes in both vertical and horizontal directions. Firestop sealants expand and remain intact during an event of fire preventing flames from spreading and thus, are widely used for wiring and cabling penetrations.
In terms of end-user, the report cites that commercial and institutional segment held 55% share of firestop sealants market in 2018 and is expected to register continuous growth during the forecast period. Various government initiatives which encourage housing and education for all are leading to rapid development of infrastructure across the globe. This factor, coupled with flooring application of firestop sealants to remove cavity barriers will facilitate the business scenario.
Request sample copy of this Report@ https://www.marketstudyreport.com/request-a-sample/2276184/
As per regional landscape, Asia-Pacific firestop sealants market is anticipated to grow with a CAGR of 5.6% during 2019-2025. The growth is attributed to increasing number of infrastructural development projects which is fueling the adoption of fire protection materials in construction sector.
The prominent companies operating in firestop sealants market are Bai Yun Chemicals, Pecora, Metacaulk (Rectorseal), Nelson Firestop (Emerson), Fosroc (JMH Group), Specified Technologies, Sika AG, Tremco Corp., Bostik (Arkema), H. B. Fuller, Hilti Corp., and 3M Company among others.
Frequently Asked Questions (FAQ) :