Increasing infrastructural development augmented further by government initiatives for the construction of new hospitals, schools, airports, and offices has increased the need for fire protection substances. Expanding applications of fireproofing of wires, metal products, pipes and cables, and concrete walls or floors in industrial as well as non-industrial structures is expected to add to firestop sealants market share over the forecast period.
Stringent government regulations regarding fire safety in the industrial sector to ensure a safe working environment is expected to propel the firestop sealants market demand. Increasing industrial output owing to the rapid expansion of the manufacturing industry in China, Japan, the U.S., and Germany is anticipated to provide a strong business outlook for industry participants. Factors such as high durability and flexibility will support product application scope for curtain walls, facades, and concrete floors across the industrial sector.
Growing investments in residential and commercial construction will support the rising demand for silicone fire barrier sealants. Favorable government policies such as housing for all and lower interest rates on bank loans are expected to drive residential construction growth in the coming years. Factors such as the high durability of such sealants will propel product adoption rate in sealing of nonporous porous substrates, sanitary fixtures, expansion joints, pipes, electrical conduits, ducts, and electrical wiring in ceilings.
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Top Players in the Global Firestop Sealants Market:
3M, Tremco, HILTI Corp., Bostik (Arkema), and Sika AG.
Market segmentation based on Product Outlook:
- Silicone
- Acrylic
Application Outlook:
- Pipe and cable penetrations
- Curtain walls, facades/partition walls
- Concrete Floor
End-Use Outlook:
- Residential
- Commercial
- Educational Institutions
- Commercial buildings/Complexes
- Others
- Industrial
- Construction
- Marine
- Automotive
- Others
Regional Outlook:
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
Frequently Asked Questions Answered in the Report:
- What is the estimated revenue growth rate of the global Firestop Sealants market over the forecast period?
- What are the major factors driving the global market revenue growth?
- Which are the leading manufacturers and suppliers in the global Firestop Sealants market?
- Which regional market is expected to lead in terms of revenue share in the global Firestop Sealants market over the forecast years?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
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