Categories: Market Research

Fire Stopping Material Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Fire Stopping Material Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

Learn More On The Fire Stopping Material Market:

https://www.thebusinessresearchcompany.com/report/fire-stopping-material-global-market-report

According to The Business Research Company’s Fire Stopping Material Global Market Report 2024, The fire stopping material market size has grown strongly in recent years. It will grow from $1.52 billion in 2023 to $1.66 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The  growth in the historic period can be attributed to strict building codes and regulations, rising awareness of fire safety, increasing construction activities, stringent requirements in high-risk environments, insurance industry mandates.

The fire stopping material market size is expected to see rapid growth in the next few years. It will grow to $2.47 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to rapid growth in the construction industry, focus on sustainable and environmentally friendly solutions, stringent fire safety requirements in critical infrastructure, increasing adoption in retrofitting projects, global emphasis on life safety and property protection. Major trends in the forecast period include intumescent technology advancements, environmentally friendly formulations, flexible and sealant solutions, code compliance and standards adherence, innovations in fire retardant additives.

The growing number of fire incidents is expected to significantly drive the fire-stopping materials market going forward. Fire incidents refer to tragic occurrences that may result in the loss of property and horrifying burn injuries that inflict excruciating agony, scarring, deformity, disability, the need for ongoing care, and even death. Fire-stopping materials are major protectors against fire incidents. It functions to safeguard people and property by preventing the spread of fire across a building’s many compartments. For instance, in September 2021, according to a survey conducted by the National Fire Protection Association (NFPA), a US-based non-profit organization, local fire departments in the US responded to 1.35 million fire incidents in 2021. 3,800 civilians lost their lives in these fires, and 14,700 civilian fire injuries were also reported. The estimated cost of the property destruction brought on by these fires was $15.9 billion. Therefore, the growing number of fire incidents is expected to drive the growth of the fire stopping materials market going forward.

Get A Free Sample Of The Report (Includes Graphs And Tables):

https://www.thebusinessresearchcompany.com/sample.aspx?id=10074&type=smp

The fire stopping material market covered in this report is segmented –

1) By Type: Coatings, Mortar, Sealants And Fillers, Sheets And Boards, Spray, Preformed Device, Putty, Cast-In Devices, Other Types

2) By Application: Electrical, Mechanical, Plumbing, Other Applications

3) By End-User: Commercial, Industrial, Residential

Product innovation is the key trend gaining popularity in the fire stopping materials market. Major companies operating in the fire stopping materials market are developing innovative products to strengthen their position in the market. For instance, in September 2022, Nullifire Ltd., a UK-based fire protection product manufacturing company, launched its FS719 HP Blue for chlorinated polyvinyl chloride (CPVC) materials. It has a recognizable blue color for simple visual identification and traceability and provides up to two hours of fire resistance. It also has distinguishing characteristics, such as being easily identifiable when used with the FB750 incubator-coated batt and being FBCTM System compatible. And this advanced product has been made accessible to sprinkler and fire protection system installers.

The fire stopping material market report table of contents includes:

 

  1. Executive Summary
  2. Fire Stopping Material Market Characteristics
  3. Fire Stopping Material Market Trends And Strategies
  4. Fire Stopping Material Market – Macro Economic Scenario
  5. Global Fire Stopping Material Market Size and Growth

.

.

.

  1. Global Fire Stopping Material Market Competitive Benchmarking
  2. Global Fire Stopping Material Market Competitive Dashboard
  3. Key Mergers And Acquisitions In The Fire Stopping Material Market
  4. Fire Stopping Material Market Future Outlook and Potential Analysis
  5. Appendix

Top Major Players:

  • Hilti Corporation
  • 3M Company
  • Sika AG
  • Morgan Advanced Materials
  • Knauf Insulation

Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

Email: info@tbrc.info

 

Follow Us On:

LinkedIn: https://in.linkedin.com/company/the-business-research-company  

Twitter: https://twitter.com/tbrc_info

Facebook: https://www.facebook.com/TheBusinessResearchCompany

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ  

Blog: https://blog.tbrc.info/

Healthcare Blog: https://healthcareresearchreports.com/  

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model  

Good PR News

Recent Posts

Middle East & Africa Toothpaste Market Expected to Reach USD 5.06 Billion by 2030 with a CAGR of 5.9%

The Middle East & Africa Toothpaste Market was valued at USD 3.38 billion in 2023…

6 hours ago

Europe Caravan and Motorhome Market Trend Analysis, Industry Size And Development Factors 2030

The Europe Caravan and Motorhome Market was valued at USD 13.86 billion in 2023 and…

6 hours ago

Europe Motorized Quadricycle Market Poised for Significant Growth, Valued at USD 437.4 Million in 2023

The Europe Motorized Quadricycle Market is projected to reach USD 749.62 million by 2030, growing…

6 hours ago

North America Mattress Market Poised for Robust Growth to USD 20.52 Billion by 2030

The North America Mattress Market, valued at USD 14.58 billion in 2023, is projected to…

6 hours ago

MEA Online Gambling Market Competitive Landscape, key trends, and Outlook 2030

The MEA (Middle East and Africa) Online Gambling Market was valued at approximately USD 17.44…

6 hours ago

Asia Pacific Coffee Market Size, Trends And Forecast To 2030

The Asia Pacific Coffee Market was valued at USD 133,690.66 million in 2023 and is projected to…

6 hours ago