Fire Stopping Materials Market By Type (Mortar, Collars, Boards, Sealants, Putty & Putty Pads, Wraps/Strips); By Application (Mechanical, Electrical, Plumbing, Others); By End-User (Commercial, Residential, Industrial); By Geography, Segment revenue estimation, Forecast, 2024-2032.

The fire stopping materials market in 2023 was worth USD 2.2 billion and is expected to be worth USD 4.87 billion by 2030, expanding at a CAGR of 10.47% during the forecast period.

 

The fire stopping materials market is mainly fueled by the rising fire standards in both commercial and residential areas, especially in the most populated areas. The global urbanization rate is expected to increase by 60% by the year 2030, thus compounding the demand for better fire protection. For instance, in the U. S., Codes like NFPA 101 applied to building structures emphasize fire stopping measures, hence the need for intumnescent sealants and fire-resistant boards, among other products.

 

Current trends include the application of superior fire stopping materials during high-rise construction, especially in the Asia-Pacific and North America, where governments have increased fire safety regulation measures after cases of other big fires. For instance, after the Grenfell Tower fire in the United Kingdom, there has been a shift to non-combustible cladding products and fire-resistant sealants to avoid such disasters in the future. These developments underline the treatment of fire spread prevention as one of the more important aspects of modern construction.

 

The fire stopping materials market offers significant opportunities as there is a growing emphasis on fire safety in tall structures and constructions. Globally, construction output is projected to hit $15 trillion by 2030, meaning that construction companies and contractors are on the lookout for products that can prevent the spread of fire, particularly in electric conduits and pipe penetration areas.

 

Some of these emerging products include intumescent firestop materials, which swell greatly when exposed to heat and create a barrier that slows down the burning of walls and floors. In the wake of disasters like the Grenfell Tower fire in the UK, international regulatory agencies have incorporated stricter measures towards firefighting safety, giving room for companies to establish and produce better fire stopping items. The growing awareness of passive fire protection in new building constructions, particularly in commercial and residential high rises, exhibits the growth prospects.

 

 

Market Segmentation

By Type

• Mortar

• Collars

• Boards

• Sealants

• Putty & Putty Pads

• Wraps/Strips

 

By Application

• Mechanical

• Electrical

• Plumbing

• Others

 

By End-user

• Commercial

• Residential

• Industrial Source

 

By Region

North America

• US

• Mexico

• Canada

• Rest of North America

 

Europe

• Switzerland

• Russia

• France

• Germany

• U.K

• Finland

• Turkey

• Netherlands

• Belgium

• Spain

• Italy

• Rest of Europe

 

Asia Pacific

• India

• China

• South Korea

• Japan

• Singapore

• Thailand

• Indonesia

• Malaysia

• Philippines

• Australia

• Rest of Asia-Pacific

 

LAMEA

• Brazil

• Argentina

• Uruguay

• Saudi Arabia

• Rest of LAMEA

 

North America holds the largest market share for fire stopping materials due to the increased awareness of fire safety codes in the United States as well as the direction toward safe construction. For instance, in the United States, the International Building Code (IBC) and the National Fire Protection Association (NFPA) require fire stopping materials to be incorporated into constructional works to contain the spread of fire and smoke. Optimal working conditions and safety and health measures push the need for products such as intumescent coatings, fire-retardant sealants, and fire-resistant boards.

 

A relatively new trend is the growth in the number of infrastructure and commercial constructions and the increased stringencies in fire safety requirements, especially in the U. S. and Canada. Fire incidents that have occurred in the past, for example, the Grenfell Tower fire in England, have led to the adoption of fire protection systems in high-rise buildings in North America. Continued increased urbanization and retrofitting of existing structures also significantly add to this region's market.

 

Key Players

• 3M

• Hilti Group

• Rockwool International

• Specified Technologies Inc. (STI)

• Sika AG

• Hempel

• Promat International

• Tremco Incorporated

• Fosroc International

• BASF SE