Fire Stopping Material Market

Fire Stopping Material Market Outlook from 2024 to 2034

The fire stopping material market is expected to be valued at USD 2.1 billion in 2024 and reach USD 6.5 billion by 2034. The market is projected to register a CAGR of 12.2% over the forecast period.

Key Market Drivers

The market generated an estimated revenue of USD 1.0 billion in 2019. The market grew at a CAGR of 16.00% from 2019 to 2023. Several reasons can be attributed to this growth:

• Growing awareness among builders, architects, and end users about the critical importance of fire safety measures in construction projects
• Rapid urbanization and infrastructure development, especially in emerging economies such as India, China, Brazil, Japan, etc.
• Continuous advancements in fire-stopping technologies and materials, offering improved performance and ease of installation
• The rise in fire-related accidents globally is creating awareness about the need for robust fire protection measures
• The growing trend of constructing high-rise buildings and complex structures prompted the increased use of advanced fire-stopping materials to address these specific requirements
• The global emphasis on sustainable and resilient construction practices led to the incorporation of fire-stopping materials as part of comprehensive safety and environmental strategies in building projects
• Rising investments in the real estate sector globally, coupled with a growing demand for quality construction materials

Attributes	Key Statistics
Fire Stopping Material Market Value (2024)	USD 2.1 billion
Anticipated Market Value (2034)	USD 6.5 billion
Estimated Growth (2024 to 2034)	12.2% CAGR

Consumption Analysis of Fire Stopping Materials

• The market is experiencing increasing demand from builders and construction companies. These companies incorporate these materials into the construction process to comply with safety regulations and enhance the overall fire resistance of buildings.
• The adoption of fire stopping materials is also widespread among professionals involved in designing and planning buildings to ensure that fire safety is integrated into the structural elements of a project.
• There is rising adoption of fire stopping materials in government agencies and regulatory bodies that set standards and codes that mandate using fire stopping materials in construction projects.
• The use of fire stopping material is also growing among contract research organizations as they rely on it for outsourced research and development activities across the pharmaceutical and biotechnology sectors.
• The growing adoption of fire stopping material is also observed in institutions, such as schools, universities, and healthcare facilities, to enhance the fire resistance of their buildings.

Factors Adversely Affecting the Fire Stopping Material Market

The fire stopping material market is anticipated to surpass a global valuation of USD 6.5 billion by 2034, expanding at a 12.2% CAGR. While the market is expected to experience remarkable growth, several restraining factors could adversely affect its development:

• The initial costs associated with the purchase and installation of advanced fire-stopping materials are the biggest hurdle for budget-conscious construction projects, potentially slowing market growth.
• The limited awareness among some builders and stakeholders about the benefits and necessity of fire stopping materials also hinders the market’s growth.
• Concerns about the visual impact of fire stopping materials on the aesthetics of buildings may influence some architects and builders to opt for alternative solutions
• The emergence of alternative fire safety technologies or materials, such as advanced sprinkler systems, intumescent coatings, and gaseous fire suppressions, also diverts attention and investment away from traditional fire stopping materials, affecting their market share and growth.

Category-wise Insights

Sealants Gaining Momentum in the Construction and Infrastructure Development Sector

Attributes	Details
Top Type	Sealants
CAGR (2024 to 2034)	12.00%

Depending on the type, the fire stopping material market is bifurcated into sealants, mortar, boards, etc. The sealants segment dominates the market, growing at a CAGR of 12.0% through 2034.

• The significance of sealants in the construction and infrastructural development sector is rising as they are often used to create fire barriers by sealing joints, gaps, and penetrations in building elements. This helps prevent the spread of fire, smoke, and toxic gases between compartments.
• Sealants are versatile and can be used in various applications, including sealing joints, gaps, and cracks in different surfaces. Their demand in a broad spectrum of industries is because they adapt well to different materials and substrates, making them suitable for various construction and industrial purposes.
• Sealants also exhibit considerable flexibility, allowing them to accommodate movement and expansion/contraction of building materials. This flexibility makes them suitable for areas prone to temperature variations or structural movement.

Extensive Electrical Applications of Fire Stopping Materials

Attributes	Details
Top Applications	Electrical
CAGR (2024 to 2034)	11.8%

Based on applications, the fire stopping material market is categorized into electrical, mechanical, plumbing, etc. The electrical segment dominates the market and is anticipated to grow at a CAGR of 11.8% through 2034.

• Fire safety materials are becoming increasingly popular in the electrical sector as they are used to seal openings around electrical penetrations such as conduits, cables, and wiring as they pass through fire-rated walls or floors. This helps prevent the spread of fire and smoke between compartments, maintaining fire containment.
• The reliance on fire safety materials for the integrity of fire-rated structures has increased their demand in the construction and infrastructure development sector.
• Fire safety materials are also in great demand as they help prevent the transmission of smoke and toxic gases through openings created by electrical conduits or cable penetrations.

Country-wise Insights

The section provides an analysis of the fire stopping material market by country, including Japan, China, the United States, South Korea, and the United Kingdom. The table presents the CAGRs for each country through 2034.

Countries	CAGR (2024 to 2034)
South Korea	14.20%
Japan	13.80%
United Kingdom	13.20%
China	12.80%
United States	12.50%

Fire Stopping Material Market in South Korea

South Korea is one of the leading countries in this market. The South Korean fire stopping material market is anticipated to retain its dominance by progressing at a CAGR of 14.20% till 2034.

• The country's widespread industrial growth, including the manufacturing and technology sectors, has increased demand for fire stopping materials to enhance safety measures in industrial facilities.
• The South Korean market is also growing due to rising construction activities driven by infrastructure development projects, residential building construction, and commercial real estate expansion.

Fire Stopping Material Market in Japan

Japan is another Asian country leading the fire stopping material market. The Japanese market is anticipated to retain its dominance by progressing at an annual growth rate of 13.80% till 2034.

• Japan's market is growing due to a significant focus on renovation activities, where fire stopping materials are adopted to upgrade existing structures and ensure compliance with modern safety standards.
• Besides this, the Japanese islands are also prone to frequent tsunamis and earthquakes yearly. This has also surged the adoption of fire stopping materials as they contribute to overall safety and resilience in the face of earthquakes and other calamities.

Fire Stopping Material Market in the United Kingdom

In the European region, the United Kingdom dominates the fire stopping material market. The United Kingdom market is anticipated to exhibit an annual growth rate of 13.20% through 2034.

• The last few years have seen tremendous construction projects in the country. This has necessitated the widespread adoption of fire stopping materials to address the unique fire safety challenges associated with vertical constructions.
• The United Kingdom fire stopping material market is also growing due to a rising emphasis on retrofitting existing structures for improved fire safety.

Fire Stopping Material Market in China

China is another country leading the market in the Asian region. The Chinese fire stopping material market is anticipated to register a CAGR of 12.80% through 2034.

• China's construction industry, in the last few years, has experienced significant growth, with numerous infrastructure projects and urban development initiatives. This has led to a rising demand for fire-stopping materials in both residential and commercial construction.
• The Chinese government's increasing emphasis on safety standards in construction projects and the implementation of stringent building codes are also driving the adoption of fire-stopping materials to enhance overall safety levels.

Fire Stopping Material Market in the United States

In the North American region, the United States leads the market. Over the next ten years, the demand for fire stopping material is projected to rise at a 12.50% CAGR.

• There is a growing awareness among builders and property owners in the USA about the importance of fire safety. This desire for risk mitigation has led to increased adoption of fire-stopping materials.
• The expansion of the commercial construction sector, including office buildings, shopping malls, and industrial facilities, has fueled the demand for fire-stopping materials to meet safety requirements in these diverse projects.

Competitive Landscape

Hilti Corporation, 3M Company, Rockwool International A/S, BASF SE, Specified Technologies Inc. (STI), H. B. Fuller Company, and RectorSeal LLC are key players in the fire stopping materials market. These companies have expanded and diversified their product offerings to cater to a wide range of applications and provide comprehensive solutions for various industries, including construction, infrastructure, and manufacturing. Besides this, they are also adopting emerging technologies in manufacturing, such as automation and advanced material science, to stay competitive and maintain efficiency in production processes.

Recent Developments

• In September 2023, scientists in the United States successfully developed a silicon-based coating to impede the spread of fires by hindering materials from contacting flames. The coating, designed to reduce combustion at the molecular level, addresses the complexity of fire, as explained by Professor Martin Thuo of North Carolina State University.
• In January 2022, Australian and Chinese researchers developed an innovative flame retardant coating inspired by lava. Applied to materials like foam insulation, the coating forms a ceramic layer when exposed to heat, halting flames effectively and offering a cheap, nontoxic solution for enhanced building fire safety.
• In May 2020, Roxtec introduced the GK Firestop sealing kit, providing efficient certified fire protection above the waterline for marine and offshore applications. With lightweight, halogen-free materials, the kit addresses shipyards' need to seal cables in deck and bulkhead entries, offering a solution for high cable density.

Key Companies in the Market

• Hilti Corporation
• 3M Company
• Rockwool International A/S
• BASF SE
• Specified Technologies Inc. (STI)
• H. B. Fuller Company
• RectorSeal LLC
• STI Firestop
• Promat International
• Metacaulk (a product line of RectorSeal)
• Everbuild Building Products Ltd.
• Ruskin Company
• Roxul Inc. (now known as Rockwool)
• Emerson Electric Co. (Formerly known as Nelson Firestop)
• Fosroc International Limited
• FlameStop Australia Pty Ltd.
• Rheinzink
• Lloyd Industries Inc.
• Fendolite (India) Limited
• R. Brothers Waterproofing Industries Pvt. Ltd.

Market Segmentation

By Type:

• Mortars
• Sealants
• Cast-in devices
• Boards
• Putty and Putty Pads
• Collars
• Wraps/strips
• Others

By Application:

• Electrical
• Mechanical
• Plumbing
• Others

By End Use:

• Commercial
• Industrial
• Residential

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa

Frequently Asked Questions

How Big is the Fire Stopping Material Market in 2024?

The global fire stopping material market is expected to be worth USD 2.1 billion by 2024.

What is the Sales Forecast for Fire Stopping Material by 2034?

The market for fire stopping material is expected to reach USD 6.5 billion by 2034.

At What Rate is the Market Growing through 2034?

The market is growing at a CAGR of 12.2% from 2024 to 2034.

Which are the Key Manufacturing Companies for Fire Stopping Materials?

Some of the key players in the market are Hilti Corporation, 3M Company, Rockwool International A/S, BASF SE, Specified Technologies Inc. (STI), H. B. Fuller Company, RectorSeal LLC, etc.

Which is the Most Popular Fire Stopping Material?

Sealants are the most preferred fire stopping material dominating the market.