The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increasing number of fire incidences is likely to encourage innovation in fire stopping material manufacture, hence propelling the market during the forecast period.

The global fire stopping material market is expected to grow from $1.39 billion in 2022 to $1.52 billion in 2023 at a compound annual growth rate (CAGR) of 9.23%. The global fire-stopping materials market size is expected to reach $2.24 billion in 2027 at a CAGR of 10.21%.

Get A Free Sample On The Global Fire Stopping Material Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=10074&type=smp

Global Fire Stopping Material Market Segments Include:

• By Type: Coatings, Mortar, Sealants And Fillers, Sheets And Boards, Spray, Preformed Device, Putty, Cast-In Devices, Other Types
• By Application: Electrical, Mechanical, Plumbing, Other Applications
• By End-User: Commercial, Industrial, Residential
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global fire stopping material market in 2021.

Major Market Players in the fire stopping material market include Hilti Corporation, 3M Company, Sika AG, Etex Group, Morgan Advanced Materials, Knauf Insulation, Compagnie de Saint-Gobain S.A, BASF SE, Abesco Fire Ltd., Fire Seals Direct.

Product innovation is a significant trend that is gaining traction in the fire stopping materials industry. To increase their market position, major players in the fire stopping materials industry are introducing revolutionary products. For example, Nullifire Ltd., a UK-based fire prevention product manufacturing company, will offer its FS719 HP Blue for chlorinated polyvinyl chloride (CPVC) materials in September 2022. It has a recognisable blue colour for easy visual identification and traceability and can withstand fire for up to two hours. It also offers unique features, such as being FBCTM System compatible and immediately distinguishable when used with the FB750 incubator-coated batt. This cutting-edge solution is now available to sprinkler and fire protection system installers.

The Fire Stopping Material Global Market Report 2023  provides a fire stopping material market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The fire stopping material market forecast analyzes fire stopping material market size, fire stopping material market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

A class of materials known as fire-stopping materials aid in the resistance of a structure to fire. These compounds are often used to reduce the consequences of disastrous fires by filling holes and joints between walls and floors with fire-resistant material. These materials are classified as either passive or active fire protection materials.

Explore Similar Reports From The Business Research Company:

Fire Detection Equipment Global Market Report 2023

Fire Protection Materials For Construction Global Market Report 2023

Fire Safety Equipment Global Market Report 2023

Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: