According to a market research report, the “Fire Stopping Materials Market by Type (Sealants, Mortar, Boards, Putty &Putty Pads, Cast-in Devices), by Application (Electrical, Mechanical, Plumbing), End-Use (Commercial, Industrial & Residential), and Region – Global Forecast to 2026“, MarketsandMarkets: The fire stopping materials market is projected to reach USD 2.4 billion by 2026, at a CAGR of 11.6% from USD 1.4 billion in 2021. Fire stopping is a fire protection system for sealings of any openings to prevent fire, smoke, and heat from passing multiple components. They are generally used in warehouses, office complexes, commercial and industrial buildings. The components of fire stopping materials are made of fire retardant and intumescent materials as well as cementitious motors, silicone, and mineral fibres and rubber compounds. They are majorly used in electrical, plumbing, mechanical, building and construction applications. A properly installed, tested fire stop system will prevent the passage of fire, provide effective smoke barrier, and retard the transmission of heat for a specified period. These can be categorized into eight types- mortars, sealants, cast-in devices, boards, putty and putty pads, collars, wraps/strips, and others. Sealants had a larger share in terms of value in 2020 as compared to mortars and others.
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- 181 Market data Tables
- 65 Figures
- 214 Pages and in-depth TOC on “Fire Stopping Materials Market – Global Forecast to 2026″
The key market players profiled in the report include Hilti Corporation (Liechtenstein), 3M (US), Etex Group (Belgium), Knauf Insulation (US), Specified Technologies Inc (US), Sika AG(Switzerland), RectorSeal
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Players in the fire stopping materials market are mainly concentrating on new product launches, mergers & acquisitions to meet the growing demand for fire stopping materials for various applications.
The growth of the fire stopping materials market has been largely influenced by new product launches and expansion that were undertaken between 2019 and 2020. Specified Technologies Inc. and Etex Group has adopted organic and inorganic growth to enhance their market position.Specified Technologies Inc. and Etex Group are two major players in fire stopping materials market. In order to strengthen its position, the companies are focusing on new product launches and acquisition.
Specified Technologies Inc.(STI), is one of the major manufacturers of fire stopping materials and systems. The company has its presence in North America, Europe, the Middle East, and Asia. Apart from construction, the company also deals in the healthcare and marine industries. STI focuses on fire stopping products intended for use as sealing materials for through-penetrations, data pathways, and static and dynamic construction joints, including perimeter containment (curtainwall). In January 2020, Specified Technologies Inc launched 2 new fuel pipe protection E-Wrap systems: FP-3 and FP-4. These systems are available for protection of fuel oil pipes. In October 2019, Specified Technologies Inc. introduced new E-Wrap Endothermic Wrap STI’s latest solution for Circuit Integrity and Survivability of critical infrastructure in the event of Fire.
Etex Group is one of the top players in the fire stopping materials market. The company manufactures fire stopping materials under the Building Performance business segment. Etex owns various companies and provides fire stopping materials under its subsidiary, Promat. The company owns 119 production sites, employs about 13,000 personnel, and has a presence in around 45 countries worldwide. Etex offers various fire stopping products, including boards, panels, sheets, and wraps, under the brands Promaseal and CAFCO. In April 2019, Promat launched PROMASEAL CIL and CIH, a new generation of Cast-in Fire Collars. This was launched by Promat Australia.
In September 2020, Etex group has acquired FSI Ltd, British company specialized in passive protection solutions to strengthen its fire stopping business unit.
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