Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Firestop Sealants Market makes an offering
of in-depth analysis of segments and sub-segments in the regional and
international Firestop Sealants Market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and global Firestop
Sealants Market over the short as
well as long period of time. A detailed presentation of forecast, trends, and
dollar values of global Firestop Sealants Market is offered. In accordance with the report, the global
Firestop Sealants Market is projected to
expand by a healthy CAGR over the period
of forecast.
Market Insight, Drivers, Restraints,
Opportunity & Trends of the Market:
Definition
Firestop Sealants are mainly
used to resist the passage of water, flame and smoke through construction joints.
These sealants can prevent fire break out by sealing small openings of 2cm to
4cm. They are usually used to aid motion including water hammer, pipe
vibration, thermal expansion etc. without damaging the seals. These sealants
are of three types: silicone sealants which are elastic, can maintain stability
in fluctuating temperature and provide resistance against moisture and
chemicals, ablative sealants which has the property to absorb the fire and
release it in the form of gas and intumescent sealants which are mainly used to
seal plastic pipes.
Market Drivers
The growing residential
building, industrial and commercial sectors are the main drivers of the
Firestop Sealants Market. The smoke, flame, and water resisting properties of
Firestop Sealants is playing an important role in the increase in demand for
these products to help prevent fire break outs in case of electrical
malfunctions or failure, chemical spilling, mechanical failure etc. Firestop
Sealants are also used in industrial sectors as a tool to prevent the passage
of fire from areas such as insulated metal pipes, metal pipes, plastic pipes
and connection joints.
Beside
this, the growing numbers of fire related accidents in the past few years has
made the government take strict regulations regarding the installation of fire
safety equipment in every building which in turn has become one of the key factors
behind the rapid growth of the Firestop Sealants Market.
Aside
from these, the rising concerns over fire safety among individuals, growing
world population, rapid urbanization, increasing disposable income are also
adding fuel to this increasing market growth.
The
regular introduction of different and brand-new types of end product with better
qualities, better technology in various price range for the varying tastes and
changing preference of customers is also attracting new consumers and thus
helping the growth rate of Firestop Sealants Market to rise high. The convenience and
efficiency of Firestop Sealants is also helping in the expansion of the said
market.
Market Restraints
The Firestop Sealants Market has a huge potential. Though it is expanding very fast
day by day, many things are preventing it from using its full potential. Some
of these restraints are–
- High
cost of raw materials.
- High maintenance and repairing cost.
- High cost of R&D activities.
- High cost of the end products.
- Non-durability
of many end products under extreme weather conditions.
- Unavailability and lack of awareness about the
availability of Firestop Sealants in the developing countries.
- Availability of better substitutes.
Opportunities
The pipes and cable penetration segments which will
have the largest market share in the forecast period, possess huge
opportunities of growth in future due to the rapid usage of Firestop Sealants
in this segment for its efficiency and convenience.
Trends
During
the forecast period, Asia Pacific is expected to have the largest share of Artificial Lift Market.
The demand for these
products in the Asia Pacific region specially in China, India, Japan, South
Korea is driven by the growing residential and
non-residential sectors in these countries. High per capita income, rising
concerns over fire safety and growing population are also driving this market
growth. It is also
believed that on the basis of product type, the spray segment will have the
largest share for its high demand and efficiency and convenience and low cost. It
is also expected that by end usage the industrial followed by residential segment
will see a very high growth rate in future.
Segment Covered:
This market
intelligence report on the global Firestop Sealants Market encompasses market segments based on product type, material,
container type, application, end usage, distributional channel and country.
By Product Type the global Firestop
Sealants Market has been divided into:
q Liquid
q Spray
q Others
By Material
the global Firestop Sealants Market has been
divided into:
q Silicone
q Ablative
q Intumescent
q Others
By Container
Type the global Firestop Sealants Market has been
divided into:
q Can
q Catridge
q Tube
q Pail
q Others
By Application
the global Firestop Sealants Market has been
divided into:
q Pipes
and Cable Penetrations
q Curtain
Walls, Facades/ Partition Walls
q Concrete
Floor
q Others
By End
Usage the global Firestop Sealants Market has been
divided into:
q Residential
q Industrial
q Commercial
By Distributional
Channel the global Firestop Sealants Market has been
divided into:
q
Supermarkets and Hypermarkets
q Online
q Others
By country/region,
the global Firestop Sealants Market has been
divided into:
q North
America (the U.S., Canada),
q Latin
America (Brazil, Mexico, Argentina and other countries),
q Europe
(Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia
Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle
East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
q Hilti Corporation
q The 3M Company
q H.B. Fuller Company
q ROCKWOOL International A/S
q Arkema SA
q Sika AG
q Urja Sealants Pvt. Ltd
q Rapidrop Global Ltd
q Fosroc, Inc.
q Tremco Incorporated
q Soudal Accumetric
q Emerson Electric Co.
q Rapidrop Global Ltd
q Specified Technologies Inc.
q RectorSeal
q Etex SA/NV
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Firestop Sealants Market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Few Recent Developments
Hilti Corporation
Founded in 1941, the North American company Hilti Corporation has been
one of the leading market players of Firestop Sealants market. The company has
increased their product range with various R&D activities over the past
years. They have both liquid and spray firestop sealants in different price
range which has made them very attractive to all types of consumers. Though
they sell it to different types of consumers, their main growth is due to huge
sale in the industrial sectors.
The 3M Company
Founded in 1902 the Minnesota Mining and Manufacturing
Company, now the 3M Company (1910) has become one of the largest companies in
the Firestop Sealants Market with their wide range of products in this
industry. The company has been selling their more than 60,000 products under
several brands equally to both residential and non-residential sectors over the
past few years.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Firestop
Sealants Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020-2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Firestop Sealants Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of different type of models,
government initiatives, marketing tactics and expansion, and technical up
gradation
Ø
The world
market for Firestop Sealants caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Firestop
Sealants Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Firestop Sealants Market
v
Identification
of key factors driving investment opportunities in the Firestop
Sealants Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants
