What is driving the growth of the North American firestop sealants market?
The increasing focus on fire safety regulations, rising urbanization, and economic growth in residential and industrial sectors are fueling the market's expansion. Additionally, factors like combustible dust in manufacturing and electrical or mechanical failures further emphasize the need for firestop sealants.
What are the different types of firestop sealants?
Common types include intumescent putty, cast-in devices, composite sheets, pipe collars, and sleeves. Each caters to specific applications and penetration sizes in firewalls and barriers.
Who are the major players in the North American firestop sealants market?
3M is a prominent player alongside other established companies. The market is expected to see further consolidation and new product launches to cater to evolving needs.
What is the expected growth rate of the North American firestop sealants market?
The market is predicted to witness a high CAGR (Compound Annual Growth Rate) throughout the forecast period (2024-2030), indicating significant potential for future investments and market expansion.