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:
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 |
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:
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.
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.
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% |
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.
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.
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.
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.
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.
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
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 4: Global Market Value (US$ Million) Forecast by End-User, 2019 to 2034
Table 5: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 6: North America Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 7: North America Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 8: North America Market Value (US$ Million) Forecast by End-User, 2019 to 2034
Table 9: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 10: Latin America Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 11: Latin America Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 12: Latin America Market Value (US$ Million) Forecast by End-User, 2019 to 2034
Table 13: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 14: Western Europe Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 15: Western Europe Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 16: Western Europe Market Value (US$ Million) Forecast by End-User, 2019 to 2034
Table 17: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 18: Eastern Europe Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 19: Eastern Europe Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 20: Eastern Europe Market Value (US$ Million) Forecast by End-User, 2019 to 2034
Table 21: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 22: South Asia and Pacific Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 23: South Asia and Pacific Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 24: South Asia and Pacific Market Value (US$ Million) Forecast by End-User, 2019 to 2034
Table 25: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 26: East Asia Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 27: East Asia Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 28: East Asia Market Value (US$ Million) Forecast by End-User, 2019 to 2034
Table 29: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 30: Middle East and Africa Market Value (US$ Million) Forecast by Type, 2019 to 2034
Table 31: Middle East and Africa Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 32: Middle East and Africa Market Value (US$ Million) Forecast by End-User, 2019 to 2034
Figure 1: Global Market Value (US$ Million) by Type, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by Application, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by End-User, 2024 to 2034
Figure 4: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 8: Global Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 9: Global Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 10: Global Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 11: Global Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 12: Global Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 13: Global Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 14: Global Market Value (US$ Million) Analysis by End-User, 2019 to 2034
Figure 15: Global Market Value Share (%) and BPS Analysis by End-User, 2024 to 2034
Figure 16: Global Market Y-o-Y Growth (%) Projections by End-User, 2024 to 2034
Figure 17: Global Market Attractiveness by Type, 2024 to 2034
Figure 18: Global Market Attractiveness by Application, 2024 to 2034
Figure 19: Global Market Attractiveness by End-User, 2024 to 2034
Figure 20: Global Market Attractiveness by Region, 2024 to 2034
Figure 21: North America Market Value (US$ Million) by Type, 2024 to 2034
Figure 22: North America Market Value (US$ Million) by Application, 2024 to 2034
Figure 23: North America Market Value (US$ Million) by End-User, 2024 to 2034
Figure 24: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 25: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 26: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 27: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 28: North America Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 29: North America Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 30: North America Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 31: North America Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 32: North America Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 33: North America Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 34: North America Market Value (US$ Million) Analysis by End-User, 2019 to 2034
Figure 35: North America Market Value Share (%) and BPS Analysis by End-User, 2024 to 2034
Figure 36: North America Market Y-o-Y Growth (%) Projections by End-User, 2024 to 2034
Figure 37: North America Market Attractiveness by Type, 2024 to 2034
Figure 38: North America Market Attractiveness by Application, 2024 to 2034
Figure 39: North America Market Attractiveness by End-User, 2024 to 2034
Figure 40: North America Market Attractiveness by Country, 2024 to 2034
Figure 41: Latin America Market Value (US$ Million) by Type, 2024 to 2034
Figure 42: Latin America Market Value (US$ Million) by Application, 2024 to 2034
Figure 43: Latin America Market Value (US$ Million) by End-User, 2024 to 2034
Figure 44: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 45: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 48: Latin America Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 49: Latin America Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 50: Latin America Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 51: Latin America Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 52: Latin America Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 53: Latin America Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 54: Latin America Market Value (US$ Million) Analysis by End-User, 2019 to 2034
Figure 55: Latin America Market Value Share (%) and BPS Analysis by End-User, 2024 to 2034
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by End-User, 2024 to 2034
Figure 57: Latin America Market Attractiveness by Type, 2024 to 2034
Figure 58: Latin America Market Attractiveness by Application, 2024 to 2034
Figure 59: Latin America Market Attractiveness by End-User, 2024 to 2034
Figure 60: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 61: Western Europe Market Value (US$ Million) by Type, 2024 to 2034
Figure 62: Western Europe Market Value (US$ Million) by Application, 2024 to 2034
Figure 63: Western Europe Market Value (US$ Million) by End-User, 2024 to 2034
Figure 64: Western Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 65: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 66: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 67: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 68: Western Europe Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 69: Western Europe Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 70: Western Europe Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 71: Western Europe Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 72: Western Europe Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 73: Western Europe Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 74: Western Europe Market Value (US$ Million) Analysis by End-User, 2019 to 2034
Figure 75: Western Europe Market Value Share (%) and BPS Analysis by End-User, 2024 to 2034
Figure 76: Western Europe Market Y-o-Y Growth (%) Projections by End-User, 2024 to 2034
Figure 77: Western Europe Market Attractiveness by Type, 2024 to 2034
Figure 78: Western Europe Market Attractiveness by Application, 2024 to 2034
Figure 79: Western Europe Market Attractiveness by End-User, 2024 to 2034
Figure 80: Western Europe Market Attractiveness by Country, 2024 to 2034
Figure 81: Eastern Europe Market Value (US$ Million) by Type, 2024 to 2034
Figure 82: Eastern Europe Market Value (US$ Million) by Application, 2024 to 2034
Figure 83: Eastern Europe Market Value (US$ Million) by End-User, 2024 to 2034
Figure 84: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 85: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 88: Eastern Europe Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 89: Eastern Europe Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 90: Eastern Europe Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 91: Eastern Europe Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 92: Eastern Europe Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 93: Eastern Europe Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 94: Eastern Europe Market Value (US$ Million) Analysis by End-User, 2019 to 2034
Figure 95: Eastern Europe Market Value Share (%) and BPS Analysis by End-User, 2024 to 2034
Figure 96: Eastern Europe Market Y-o-Y Growth (%) Projections by End-User, 2024 to 2034
Figure 97: Eastern Europe Market Attractiveness by Type, 2024 to 2034
Figure 98: Eastern Europe Market Attractiveness by Application, 2024 to 2034
Figure 99: Eastern Europe Market Attractiveness by End-User, 2024 to 2034
Figure 100: Eastern Europe Market Attractiveness by Country, 2024 to 2034
Figure 101: South Asia and Pacific Market Value (US$ Million) by Type, 2024 to 2034
Figure 102: South Asia and Pacific Market Value (US$ Million) by Application, 2024 to 2034
Figure 103: South Asia and Pacific Market Value (US$ Million) by End-User, 2024 to 2034
Figure 104: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034
Figure 105: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 106: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 107: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 108: South Asia and Pacific Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 109: South Asia and Pacific Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 110: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 111: South Asia and Pacific Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 112: South Asia and Pacific Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 113: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 114: South Asia and Pacific Market Value (US$ Million) Analysis by End-User, 2019 to 2034
Figure 115: South Asia and Pacific Market Value Share (%) and BPS Analysis by End-User, 2024 to 2034
Figure 116: South Asia and Pacific Market Y-o-Y Growth (%) Projections by End-User, 2024 to 2034
Figure 117: South Asia and Pacific Market Attractiveness by Type, 2024 to 2034
Figure 118: South Asia and Pacific Market Attractiveness by Application, 2024 to 2034
Figure 119: South Asia and Pacific Market Attractiveness by End-User, 2024 to 2034
Figure 120: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034
Figure 121: East Asia Market Value (US$ Million) by Type, 2024 to 2034
Figure 122: East Asia Market Value (US$ Million) by Application, 2024 to 2034
Figure 123: East Asia Market Value (US$ Million) by End-User, 2024 to 2034
Figure 124: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 125: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 126: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 127: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 128: East Asia Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 129: East Asia Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 130: East Asia Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 131: East Asia Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 132: East Asia Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 133: East Asia Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 134: East Asia Market Value (US$ Million) Analysis by End-User, 2019 to 2034
Figure 135: East Asia Market Value Share (%) and BPS Analysis by End-User, 2024 to 2034
Figure 136: East Asia Market Y-o-Y Growth (%) Projections by End-User, 2024 to 2034
Figure 137: East Asia Market Attractiveness by Type, 2024 to 2034
Figure 138: East Asia Market Attractiveness by Application, 2024 to 2034
Figure 139: East Asia Market Attractiveness by End-User, 2024 to 2034
Figure 140: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 141: Middle East and Africa Market Value (US$ Million) by Type, 2024 to 2034
Figure 142: Middle East and Africa Market Value (US$ Million) by Application, 2024 to 2034
Figure 143: Middle East and Africa Market Value (US$ Million) by End-User, 2024 to 2034
Figure 144: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034
Figure 145: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 146: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 147: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 148: Middle East and Africa Market Value (US$ Million) Analysis by Type, 2019 to 2034
Figure 149: Middle East and Africa Market Value Share (%) and BPS Analysis by Type, 2024 to 2034
Figure 150: Middle East and Africa Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034
Figure 151: Middle East and Africa Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 152: Middle East and Africa Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 153: Middle East and Africa Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 154: Middle East and Africa Market Value (US$ Million) Analysis by End-User, 2019 to 2034
Figure 155: Middle East and Africa Market Value Share (%) and BPS Analysis by End-User, 2024 to 2034
Figure 156: Middle East and Africa Market Y-o-Y Growth (%) Projections by End-User, 2024 to 2034
Figure 157: Middle East and Africa Market Attractiveness by Type, 2024 to 2034
Figure 158: Middle East and Africa Market Attractiveness by Application, 2024 to 2034
Figure 159: Middle East and Africa Market Attractiveness by End-User, 2024 to 2034
Figure 160: Middle East and Africa Market Attractiveness by Country, 2024 to 2034
The global fire stopping material market is expected to be worth USD 2.1 billion by 2024.
The market for fire stopping material is expected to reach USD 6.5 billion by 2034.
The market is growing at a CAGR of 12.2% from 2024 to 2034.
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.
Sealants are the most preferred fire stopping material dominating the market.
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