Report
Description
A recent market intelligence report that is published by Data
Insights Partner on Firestop Sealants Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international. The research study also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and world Firestop Sealants Market over the short as well as long period of time. A
detailed presentation of forecast, trends, and dollar values of international Firestop
Sealants Market is offered.
Market
Insights:
In accordance with the report, the Firestop Sealants
Market is projected to expand at a CAGR of X.X% over the period
of forecast. The global Firestop
Sealants Market was valued at USD XX.X Mn in 2019 and is expected to reach USD
XX.X Mn in 2031, growing with a significant CAGR rate during the forecast
period. By 2030, the firestop sealants market share is predicted to be driven
by positive application scope as a fireproofing material in wires, pipelines
and cables, metal products, and concrete walls/floors throughout industrial and
non-industrial structures. The demand for fire protection compounds has
increased as a result of increased infrastructural development fueled by
government initiatives to build new schools, hospitals, airports, and
government buildings. Additionally, the continually growing residential,
commercial, and industrial sectors are driving the worldwide firestop sealants
market, resulting in rising demand for firestop sealants in all major emerging
nations. The flexible firestop sealant market benefits from the rapid
industrialization of the major countries. The need for fire barrier sealants
will be aided by ongoing improvements in thermal insulation and better R&D
activity. The presence of improved fireproofing substitutes such as flame
retardant masterbatches and intumescent coatings that provide advanced and
cost-effective fire protection solutions may limit the growth of the firestop
sealants market. The construction sector in Asia Pacific is expected to grow as
disposable income rises, urbanisation accelerates, housing demand rises, and
government programmes expand. The market for firestop sealants will benefit
from the increased construction of commercial complexes and huge townships as a
result of the growing urbanisation wave, primarily in China and India. Owing to
the ubiquity of high-risk situations caused by the presence of explosive and
highly flammable substances, fire barriers have become an essential component
of safety in these industries, boosting demand.
Research
Methodology:
To compile
the detailed study of the global Firestop
Sealants market, a robust research methodology has been adopted
that aids in determining the key insights and also evaluates the growth
prospects of the Firestop Sealants Market.
Comprehensive and iterative research methodology focused on minimizing deviance
in order to provide the most accurate estimates and forecast possible. The
company utilizes a combination of bottom-up and top-down approaches for
segmenting and estimating quantitative aspects of the market. Our research
methodology implements a mix of primary as well as secondary research. Our
projects are initiated with secondary research, where we refer to a variety of
sources including trade databases; government published documents, investor
presentations, company annual reports, Industrial papers, and paid databases. To
carry out secondary research, the analysts have collected the information
through company annual reports, journals, company press releases, and paid
databases that were referred to gain and identify better opportunities in the Firestop Sealants Market.
COVID-19
Scenario Analysis:
The COVID-19
outbreak has shaken the whole economy in the world. In this scenario some
industries are doing quite well while others have been crushed. This section of
the report has explored the overall status of the COVID-19 scenario. The
industry witnessed a huge decline in terms of sales. Likewise, the Firestop Sealants market was affected negatively due to the
shutdown of manufacturing/processing facilities for some time. The analysts
have also focused on the key measures that the companies are opting to
withstand the harsh scenario.
Segment
Covered:
Firestop Sealants Market report has been segmented By Product Type, By
Application, By End User also includes the market size and forecast for all
these segments. Compounded annual growth rates for all segments have also been
provided for 2019 to 2031. This report is a compilation of first-hand
information, qualitative and quantitative assessment by industry analysts,
inputs from industry experts and industry participants across the value chain.
Key Segments:
Firestop Sealants Market research report
includes an in-depth coverage of the industry with estimates & forecast
from 2022 to 2031, for the following segments:
Firestop
Sealants Market, By Product Type, 2022-2031 (USD Million)
·
Silicone
·
Acrylic
Firestop
Sealants Market, By Application, 2022-2031 (USD Million)
·
Pipe and
Cable Penetrations
·
Curtain walls
·
Facades/Partition
Walls
·
Concrete
floor
Firestop
Sealants Market, By End User, 2022-2031 (USD Million)
·
Residential
·
Commercial
& Institutional
·
Industrial
Report
Highlights:
The prime objective of the Firestop Sealants market report is to
help the user understand the market in terms of its definition, segmentation,
market potential, influential trends, and the challenges that the market is
facing with different major regions and more than 30 major countries across the
globe. During the report's production, extensive research and analysis were
conducted. This research will assist readers in gaining a thorough
understanding of the market.
Firestop
Sealants Market, By Region, 2022-2031 (USD Million)
·
North America (
United States, Canada, Mexico)
·
Europe
(Germany, UK, France, Italy, Russia, Spain, and Rest of Europe)
·
South Asia (
India, Pakistan and Bangladesh)
·
East Asia
(China, Japan and South Korea)
·
South East Asia
(Indonesia, Thailand, Singapore, Malaysia, Rest of SE Asia)
·
Middle East
(Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)
·
Africa
(Nigeria, South Africa, Egypt, Algeria, Rest of Africa)
·
South America
(Brazil, Argentina, Colombia, Chile, and Rest of SA)
·
Oceania
(Australia and New Zealand)
Companies
Profiled:
To enhance their position in the global
market, key suppliers/manufacturers are concentrating on business expansion and
product innovation. Manufacturers/producers are also working on boosting their
manufacturing capacity and product quality to gain a competitive advantage. The
following are some of the prominent manufacturers in the worldwide Firestop
Sealants market:
·
Arkema S.A.
·
Emerson
Electric Co.
·
Etex SA/NV
·
Fosroc, Inc.
·
H.B. Fuller
Company
·
Hilti
Corporation
·
Rapidrop
Global Ltd
·
RectorSeal.
·
ROCKWOOL International
A/S
·
Sika AG
·
Soudal
Accumetric
·
Specified
Technologies Inc.
·
The 3M
Company
·
Tremco
Incorporated
·
Urja Sealants
Pvt. Ltd
·
Others
Firestop
Sealants Market Report Highlights:
·
Detailed
analysis of the parent market
·
Key players'
strategies and products supplied in the competitive landscape
·
Market
segmentation in depth analysis
·
Market size
in terms of volume and value, past, present, and future scenario
·
Potential and
specialty areas, as well as geographical regions with promising growth
prospects
·
Market players
use this information to maintain and expand their market presence, thus it's
important to have an unbiased perspective on market performance.