The Global Fire Barrier Sealant Market was valued US$ 500 Mn in 2019 and is expected to reach US$ 989 Mn by 2027, at a CAGR of X.15% during a forecast period.
Fuel Gas Production and Distribution Market
Market Definition:
Fire barrier sealant are products engineered specifically for controlling the spread of fire, harmful fumes, smoke before, throughout, and afterward disclosure to fire which further delivers protection against reaching fire to the open and closed areas which belongs to the fire related interiors between the building and workplace such as floors, walls and ceilings assemblies. They offer suitable property after cleaning or sponging with water.
The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and disrupters in the report, and the same is reflected in our analysis.
Market Drivers and Restraints:
Constituents like, silicone, acrylic polyurethane, and related polymers are widely used in the process of manufacturing of these sealants. It finds numerous applications in the developing end-users. The market is expected to witness enormous request owing to the fire related accident in numerous sectors such as commercial, industrial, residential building and construction, oil and gas pipes, chemical & automotive industries, and others.
Furthermore, development in the construction sector with huge growth in the infrastructure industry is obliged to adopt fire barrier sealants at construction workstation owing to huge popularity in the sector and alertness about the refuge and protection. Governmental initiative and huge spending on engineering together with increase in infrastructural growth across hospitals, research centre, governmental offices, airdromes, schools are highly engaged in escalating the demand of fire barrier sealant amongst aforesaid divisions expected to lift the market demand in the coming years.
Also, optimistic application of the material in cables, pipes, wires, metal products and concrete floors or walls across commercial as well as industrial constructions is likely to energise the fire barrier sealant market share over the forecasted period.
On the contrary, presence of substitutes and lack of skilled person for installation will remain the major market hindering factor. Also, fluctuation is material costs will remain as the market hampering factor for the global fire barrier sealant market.
Fire Barrier Sealant Market Segment analysis:
By the application segment, concrete floor sector is driving the overall market growth since long. High demand from the industrial and residential sector in construction workplace are highly demanding the fire barrier sealants and are widely accepted over metal flooring which is the major factor to run the market demand. Properties which is attracting the vendors to invest and the various end-users to use for these targeted sealants include fire resistance, abrasion resistance, UV light resistance, high weathering resistance are fuelling its demand among above-mentioned applications. Furthermore, availability in type such as elastomeric and intumescent type as per suitability is another factor propelling the market growth in the concrete floor sector.
Fire Barrier Sealant Market Regional Analysis:
Geopolitically, amongst numerous developing economies APAC is expected to dominate the fire barrier sealant market and is expected to grow at a CAGR of 4.4% during the forecast period. Developing regions like India, China, and Japan are considered as the major contributors for the fire barrier sealant market growth in the Asia Pacific region owing to the significant growth in the industries such as manufacturing of metallic and non-metallic pipes, single and bundled cables, insulated pipes, pipe and cable through-penetrations, rated wall, floor and floor-ceiling assemblies, static construction joints and further. Factors such as rapid industrialization and urbanization specifically in India and China are expected to boost the demand for fire barrier sealant in the region. The implementation of newer technologies, growth in the number of accidents, and increasing disposable income in the developing economies in the APAC region are the major factors that are expected to lift the fire barrier sealant market in the near future.
The objective of the report is to present a comprehensive analysis of the Global Fire Barrier Sealant Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Fire Barrier Sealant Market dynamics, structure by analysing the market segments and project the Global Fire Barrier Sealant Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Fire Barrier Sealant Market make the report investor’s guide.
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Scope of Fire Barrier Sealant Market
Global Fire Barrier Sealant market, By Type
• Acrylic
• Silicone
• Polyurethane
• Others
Global Fire Barrier Sealant market, By Application
• Pipe and Cable Penetrations
• Ceiling, Rated Walls
• Concrete floor
• Curtain walls
• Other
Global Fire Barrier Sealant Market, By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
Key Players Operating the Fire Barrier Sealant Market,
• 3M Company
• Specified Technologies Inc
• Tremco Incorporated
• Hernon Manufacturing, Inc
• Fosroc
• ROCKWOOL International A/S
• Pecora Corporation
• Everbuild
• Trafalgar Fire
• H. B. Fuller
• Trafalgar Fire
• Entc Nuclear Technology
• Metacaulk (Rectorseal)
• Bai Yun Chemical,Promat
• Hilti
• ROCKWOOL Limited
• Bostik (Arkema)
• Everbuild Building Products Ltd
• Trafalgar Passive Fire Protection Systems
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