Fire Protection Sealants Market Size, Competitive Landscape and Market Forecast - 2030

SKU: DMCH1587 | Last Updated On: Jan 31 2023 | Available Formats

> Fire Protection Sealants Market Expected to reach a high CAGR By 2030: DataM Intelligence

Fire Protection Sealants Market is segmented By Type (Elastomeric Type Sealants (Silicone, Polysulfide, Polyurethane, Silyl Modified Polymers, Polybutadiene, others ), Intumescent Type Sealants), By Application (Residential building, Commercial building, Industrial building), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

Fire Protection Sealants Market Overview

 "Fire Protection Sealants Market" size was worth US$ XX million in 2022 and is estimated to reach US$ XX million by 2030, growing at a CAGR of XX% during the forecast period (2023-2030).

Fire protection sealants are used to fill the gaps and holes created by penetrants penetrating fire-rated walls. The sealants will flame and prevent smoke and other dangerous gases from passing through the gaps, allowing us more time to evacuate. The unique intumescent property of fire protection sealant material allows the sealant to expand and maintain fire protection from penetration seal for up to four hours from exposure of penetrants to fire. Fire protection sealants exhibit excellent adhesion to many construction substrates and penetrants.

Fire Protection Sealants Market Scope and Summary

Metrics

Details

Market CAGR

High

Segments Covered

By Type, By Application, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

 

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Fire Protection Sealants Market Dynamics

The increased demand for passive fire protection systems fueled by fire safety policies and stringent building codes is expected to drive the fire protection materials over predicted years. Additionally, increasing awareness among people toward fire safety and rising fire hazard incidents are predicted to fuel the market during the forecasted period.

Increasing demand for fire protection sealant in building sectors

Fire protection sealants are commonly used to seal gaps and openings around pipes and cables to prevent fire and smoke in buildings. The sealants are typically applied to joints and openings in walls, floors and ceilings to create a barrier that helps to contain fires and reduce the risk of structural damage. The sealants are designed to expand when exposed to heat, which helps seal gaps and prevent fire spread. The resistance to water, UV radiation and extreme temperatures make them an ideal choice for various fire protection applications.

Several types of fire protection sealants can be used around pipes and cables, including intumescent sealants, firestop sealants and cable tray sealants. Intumescent sealants expand when exposed to heat to help seal gaps and prevent the spread of fire, while firestop sealants are used to seal openings in floors, walls and ceilings to prevent the spread of fire and smoke. Cable tray sealants are specifically designed for use with cable trays and are used to seal gaps around cables and prevent the spread of fire through the tray.

Following the manufacturer's directions when using fire protection sealants around pipes and cables is essential, as proper installation is critical to the sealant's effectiveness. It is also important to regularly maintain the sealants to ensure they are in good condition and properly protected against fire and smoke. Silicone is a synthetic material often used in fire protection sealants because of its excellent heat resistance and flexibility. It is also resistant to water and extreme temperatures, making it an ideal choice for various fire protection applications. The silicone fire protection sealants include intumescent sealants, which expand when exposed to heat to help seal gaps and prevent the spread of fire and firestop sealants, which are used to seal openings in walls, floors and ceilings to limit the spread of fire smoke. The sealants are typically applied to joints, gaps and openings in construction materials to create a barrier that helps to contain fires and reduce the risk of structural damage.

Owing to the lack of skilled laborers and not enough knowledge about installation hampers the market growth

The lack of skilled laborers is one of the major factors restraining the growth of the global fire protection sealants market. Fire protection sealants require a high level of skill and expertise to install correctly and effectively. With properly trained and skilled workers, the installation process can be easier, leading to potential mistakes and errors that could compromise the integrity of the building and put lives at risk. The shortage of skilled workers in the construction industry is a widespread problem and particularly acute in certain regions with a high demand for new construction projects. It can lead to delays and increased costs for builders and contractors, as they may need to outsource the installation of fire protection sealants to specialized companies. Furthermore, the need for more skilled workers can also lead to a shortage of qualified technicians to perform regular maintenance and repairs on fire protection sealants. It can lead to a decline in the overall effectiveness of the products over time, which can put lives at risk in the event of a fire. 

COVID-19 impact analysis on  Fire Protection Sealants Market

The COVID-19 pandemic had an uneven impact on the global market. It depends on various factors, such as economic conditions, consumer demand and supply chain disruptions. One potential impact of the COVID-19 pandemic on the fire protection sealants market is decreased demand for these products due to economic downturns and decreased construction activity. As businesses and individuals face financial challenges due to the pandemic, there may be less demand for new construction and renovations, which could lead to a decrease in demand for fire protection sealants. 

The COVID-19 pandemic may also increase demand for fire protection sealants as people and businesses prioritize safety and security. Businesses may be more likely to invest in fire protection measures to help protect their employees and customers from fire risk. 

However, the pandemic will not impact the long-term growth prospects of the global fire protection sealants markets since growing pipe and cable penetrations will rise in the coming years. The demand for the fire protection sealants market remains strong and is expected to grow gradually in the coming years.

Fire Protection Sealants Market Segment Analysis

The global fire protection sealants market is segmented into type, application, end-user and region. 

The increased construction of high-rise buildings in urban areas supplements the growth of the curtain walls segment in the global fire protection sealants market

The curtain walls application segment may dominate the global fire protection sealants market. The increasing construction of high-rise buildings, particularly in urban areas, is driving the demand for curtain walls and fire protection sealants. Building codes and regulations in many countries require fire protection sealants in curtain walls to prevent the spread of fire and smoke. With increasing awareness about fire safety, building owners and developers are more likely to invest in fire protection measures, including fire protection sealants for curtain walls.

Curtain walls and fire protection sealants can also improve the energy efficiency of a building, further driving the demand for these products. Fire protection sealants used in curtain walls are highly durable and long-lasting, an added advantage to building owners and developers. Therefore, the curtain walls application segment may dominate the global fire protection sealants market due to the increasing construction of high-rise buildings, building codes and regulations, fire safety concerns, energy efficiency and durability of these products.

Fire Protection Sealants Market Geographical Analysis

Higher housing and infrastructure development in the region augment the growth of the Asia-Pacific fire protection sealants market

The rapid urbanization and industrialization in countries such as China, India and Japan are driving the demand for construction and infrastructure development, which in turn is driving the demand for fire protection sealants. With a large population, the Asia-Pacific has a high demand for housing and infrastructure development, driving the demand for fire protection sealants. Government initiatives in the Asia-Pacific to improve fire safety and compliance with building codes and regulations are driving the adoption of fire protection sealants.

The Asia-Pacific economic growth is also driving the fire protection sealants market as the increasing disposable income of people is leading to more investment in infrastructure and construction projects. Furthermore, the Asia-Pacific dominates the global fire protection sealants market due to rapid urbanization, industrialization, population growth, government initiatives, economic growth, high-rise buildings construction and compliance with building codes and regulations.

Fire Protection Sealants Market Competitive Landscape

The growth amongst the different segments helps to attain the knowledge related to the different growth factors expected to be prevalent throughout. The market and formulate different strategies to help identify core application areas and target markets. The global fire protection sealants market is competitive due to the availability of a wide range of residential building that caters to different applications. The major players contributing to growth in the market are Unifrax, 3M, Tremco, Sika AG. Manufacturers, Bostik (Arkema), Everbuild (Sika AG), Specified Technologies., Fosroc (JMH Group), Pecora and Entc Nuclear Technology. The major players in the market adopt several growth strategies such as formulating and patenting new molecules, researching new sources, collaborations and joint ventures to contribute to growth in the industry.

Unifrax

Overview: Unifrax is a global specialty materials company that produces a broad range of products people use daily. Unifrax works with consumers to deliver innovative products and solutions to maintain a commitment to safety and sustainability to enhance the quality of life. The company's innovation and driven growth model takes advantage of deep customer engagement, technology platforms and differentiated application development to grow positions in attractive end markets such as building and construction, transportation and consumables. A globally diverse company and inclusive Unifrax employs approximately around the world. Unifrax was founded in 1891 and is headquartered in Alkegen, U.S. 

Product Portfolio

  • FyreWrap: A range of high-temperature, lightweight, electrically insulating FyreWrap products from Unifrax is intended to improve safety in lithium-ion battery packs. Its characteristics include fire resistance and electrical insulation. Its major use in the application includes packaging for transportation.

Key Developments

  •  In June 2021, Lydall, Inc. will be acquired by Unifrax, a well-known supplier of specialized materials focused on thermal management, filtration, battery materials, emission control and fire protection.

The global fire protection sealants market report would provide approximately 61 market data tables, 60 figures and 230 pages.

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Frequently Asked Questions

What is the Projected CAGR value of the Fire Protection Sealants Market?

Fire Protection Sealants Market is expected to grow at a CAGR of 4.9% during the forecasting period 2022-2029.

Which is the fastest growing region in the Fire Protection Sealants Market?

Among all regions, Asia Pacific is the fastest growing market share during the forecast period.

Who are the key players in Fire Protection Sealants Market ?

Major Players are Hilti, H. B. Fuller, Bostik (Arkema), Tremco, Everbuild (Sika AG), Specified Technologies, Pecora, Trafalgar Fire, Promat.

 

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