Global Flexible Fire Protection Sealants Market - 2020-2027
|出版日期||內容資訊||英文 180 Pages
|軟性防火密封膠的全球市場 (2020年∼2027年) Global Flexible Fire Protection Sealants Market - 2020-2027|
|出版日期: 2021年05月04日||內容資訊: 英文 180 Pages||
Flexible fire protection sealant market has growing significantly in past few years. Flexible fire protection sealant is a special sealant type that protects the fire from spreading to surrounding areas. The flexible fire protection sealant turn away fire from disperse to the nearby constructions and other parts of the structure. Flexible fire protection sealant seals the openings, making the interiors fire - rated. The flexible fire protection sealant has superior fire resistant properties and reduces the smoke formulation along with some other harmful toxins. Additionally, the flexible fire protection sealant reduces the transfer of sound between the surfaces, provide as an acoustic barrier.
The global flexible fire protection sealants market size was worth US$ XX billion in 2019 and further predicted to reach US$ XX billion by 2027, at a CAGR of XX% during the forecast period (2020-2027).
The growth in flexible fire protection sealantsconsumption and increasing flexible fire protection sealantsproduct demand is expected to propel the market growth. Furthermore,increasing investments in the construction sector, mainly residential, the demand for flexible fire protection sealant,will further enhancethe Flexible Fire Protection demand globally. The industrial growth in the developingcountries also has a positive impact in the flexible firestop sealant market. The mandatory safety norms related to commercial, industrial and residential building establishments is attributed to the use of firestop sealants, which is expected to boost the flexible fire protection sealants market growth during the forecast period.
Increasing flexible fire protection ProductsDemand
Considering the current market, fire safety is a first priority globally, which is strengthening the Flexible Fire Protectiondemand, as fire damages is primarilyfocuse in the Flexible Fire Protectionsealants. Moreover, the growing demand for intumescent type flexible fire protection sealant and elastomeric type flexible fire protection sealant, is expected to witness significant Flexible Fire Protectiondemand in the coming years. The development in terms of variousadvancementsin the flexible fire protection sealant products further boost the need for Flexible Fire Protections in the global market throughout the forecast period.
Industrial growth in developing countries
According to current market trends in developing countries, the consumption of flexible fire protection sealant products are rapidly increasing due to the industrial growth in these countries and development of infrastructure in various applications such as residential, commercial, and others. The mandatory safety norms related to application is attributed by the many countries government for the use of fire stop sealants, due to such reason the production and consumption in developing countries are increasing as compared to developed countries. These norms and regulations boost the demand for Flexible Fire Protections in the global market throughout the forecast period.
COVID-19 Impact Analysis
The COVID-19 pandemic has had a wide range of direct and indirect effects on the global economy, including direct effects on production and demand, supply chain instability, and financial impact.Further, COVID-19 has negatively impacted the manufacturers' supply chain across the globe and shut down the production facilities to minimize the risk of virus spread. Also, the lockdown policies have strengthened the demand for chemicals &materials products underflexible fire protection sealants across the globe. As a result, producers and industry leaders have begun to invest in expanding their manufacturing capacities in order to meet the revised global market demand.
Despite the pandemic, there is growth in the overall chemical & material products, which is expected to drive the Flexible Fire Protection's market size in the global market during the forecast period.
Based on the type, the flexible fire protection sealants market has been classified into elastomeric type and intumescent type.
Elastometricsegment accounted for the highest market share in the global market
In 2019, the elastometric segment was expected to account for the largest share owing to the availability of the elastometricflexible fire protections in various sealants. SuchFlexible Fire Protections are effective as compared to other intumescent type segment. Also, the elastometric type segment has a high extraction rateand low-cost features. Moreover, increasing demand for SpecSeal ES Sealant is a latex-based gun grade elastomeric firestop sealant designed for construction joint applicationsfurther drivesthe elastometric segment in the global flexible fire protection sealants market during the forecast period.
Based on the application, the flexible fire protection sealants market has been classified into residential, commercial, and industrial & institutional.
Industrial & institutional segment dominated the global flexible fire protection sealants market in 2019
In 2019, the industrial & institutionalsegment dominated the flexible fire protection sealants market owing to the rising MSG allergic cases globally, and Flexible Fire Protection is an excellent substitute forflame, water and other alternatives.Due to the increasing manufaturing and production industries in developing countries is the main factor to industrial & institutional segment is dominate the other application segments. It is also expected that the industrial & institutional application is expected to grow with a significant CAGR during the forecast period.
Based on geography, the study analyzes the Flexible Fire Protection Sealants market in the global market, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
North America leads the global market throughout the forecast period
North America dominates the global flexible fire protection sealants market in terms of value and volume due to the presence of leading manufacturing companies and easy accessibility of premium quality flexible fire protection ingredients based on chemical & material products. In Europe, the growing demand for elastomeric sealant products further enhances its market position in the global Flexible Fire Protection sealant market in the coming years.
The Asia Pacific is estimated to grow at the flexible fire protection sealant market's highest growth rate during the forecast period. The growth of the region is primarily driven towing to the fact that increasing elastomeric flexible fire protection sealant product consumption. Moreover, the market players are investing in the region to increase the export from the low-cost area, which is further expected to increase the Flexible Fire Protection consumption in the domestic region during the forecast period.
The flexible fire protection sealants market is highly competitive, owing to the presence of big sealants brand. The key flexible fire protection sealant players which are contributing to the growth of the global market include 3M Company, Hilti, Rockwool, H. B. Fuller, Bostik (Arkema), Tremco, Everbuild (Sika AG), Specified Technologies, Fosroc (JMH Group), Pecora, Trafalgar Fire, Promat, Metacaulk (Rectorseal), Entc Nuclear Technology, Bai Yun Chemical, among others. The major players are adopting new product launch and expansion strategies for global growth in the flexible fire protection sealants market.
Overview: Bostik (Arkema) is a chemical company, deals in the research & development, manufacturing and distribution of adhesive, chemicals, nonwoven, tape, label, flooring, transportation, construction, industry, flexible lamination, and disposable hygiene. Bostik markets products of brands including AxiosTM, Born2BondTM, Kizen, and BrillianceTM. It has operations in Africa, Asia Pacific, Central and Eastern Europe, Latin America, Middle East, North America, and Western Europe. Bostik is headquartered in Colombes, France.
Product Portfolio: The company's portfolio comprises adhesive, chemicals, nonwoven, tape, label, flooring, transportation, construction, industry, flexible lamination, and disposable hygiene, and other products &services.
The global flexible fire protection sealants market report would provide access to an approx. 69 market data table, 58 figures and 270pages.
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