North America Firestop Sealants Market - 2024-2031

Overview

North America Firestop Sealants Market reached US$ 231.4 Million in 2023 and is expected to reach US$ 347.1 Million by 2031, growing with a CAGR of 5.2% during the forecast period 2024-2031.

Firestop Sealants are widely employed to resist the passage of smoke, flame and water through construction joints and acumens. The sealants are principally used to help movement, including pipe vibration, water hammer, warm extension and other typical structure developments, without harming the seal. Moreover, firestop sealants help to seal small openings up to 2 cm to 4 cm in diameter, to prevent a fire from traveling to another structure area and squashed under high compression. Furthermore, under high tension, firestop sealants may get pulled away from the joint's shoulders at the fire time.

Firestop Sealants are widely used in several applications like residential buildings, industrial buildings, commercial buildings and others. Firestop sealants are applied in residential buildings in fire-rated gypsum wallboard partitions, concrete or corrugated steel deck floor/ceiling assemblies, wood floors and concrete walls or floors. The growth in economic condition, investment and increase in urbanization are the factors to drive the firestop sealants market and it is likely to increase residential construction globally.

U.S. is among the growing regions in the North America firestop sealants market covering more than 1/3rd of the market. One of the main factors propelling the growth of the firestop sealants market in U.S. is the strict enforcement of fire safety laws. The National Fire Protection Association (NFPA) and municipal building codes, among other regulatory agencies, have established strict guidelines for fire safety in residential, commercial and industrial structures.

Dynamics

Increasing Infrastructure Development and Construction Activities

The growing global infrastructure development and building activities are other factors propelling the firestop sealants market. There are more residential, commercial and industrial construction projects as a result of emerging nations' fast urbanization and expanding construction industries. The market is further stimulated by the refurbishment and retrofitting of existing buildings with fire prevention systems.

For Instance, in 2023, Tremcar USA increased production at its location in Strasburg, Ohio. By expanding its service center and erecting a new manufacturing building, the firm will essentially double its production capacity. Both the local economy and the tanker manufacturing sector will benefit from this enormous increase. Tremcar USA's production capacity increase will benefit Strasburg, Ohio.

Technological Developments and Innovative Products

The market for firestop sealants in North America gains from increasing technical developments and product improvements that improve the effectiveness, performance and application of firestop sealant solutions. Producers place resources towards research and development to create sophisticated mixtures that provide enhanced fire resistance, adhesion, flexibility and durability.

For Instance, in 2024, Specified Technologies Inc. (STI) introduced the SpecSeal Cast-In Firestop Device (CID), proudly made in USA. Designed for concrete floors, this device serves as a sleeve, firestop and watertight seal all in one. Made from durable ABS plastic and polypropylene, it allows for the installation of various through-penetrating items from both the top and bottom sides of the floor.

Volatility in Raw Material Prices

The unpredictability of raw material price variations is a challenge to the North American firestop sealants business, affecting both manufacturing costs and the stability of the whole market. The pricing of these necessary components, which include chemicals, resins and additives, are subject to fluctuations from external sources and are obtained from global commodities markets.

Furthermore, as consumers negotiate the shifting market dynamics, the cascade impacts of variable costs may affect end-users as well, resulting in price modifications or project delays. Essentially, stakeholders in the North American firestop sealants market must take into account the implications of fluctuating raw material costs. The calls for strategic resilience and flexible reactions to minimize negative effects on the stability and growth of the business.

Limited Awareness and Adoption

The low awareness and acceptance of firestops in developing nations is one of the main reasons impeding the growth of the global firestop sealants market. The value of fire safety and the advantages of employing firestops in building projects are not widely known in some places. Contractors and building owners may be apprehensive about investing in firestop solutions because they do not completely comprehend their significance.

Furthermore, the availability of inexpensive, non-compliant sealants in some areas may influence consumers' decisions to buy firestops based only on price. In order to overcome this barrier and encourage market expansion, efforts must be made to increase public understanding of fire safety regulations and the benefits of utilizing firestops in developing nations.

Segment Analysis

The North America firestop sealants market is segmented based on type, application, end-user and region.

Increasing Use of Silicone in the Building Sector

The Silicone segment is among the growing regions in the North America firestop sealants market covering more than 1/3rd of the market. The superior fire-resistant qualities of silicone sealants make them the go-to option for a variety of fire safety uses in the building sector. The robustness and pliability of these materials provide efficient containment of harmful gasses, smoke and fire, improving building safety and adhering to strict requirements.

Additionally, these developments, which offer dependable solutions that provide long-term protection and peace of mind to building owners and builders, include greater adhesion, quicker cure periods and increased durability. As a result, the requirement for strong fire protection solutions in commercial, residential and industrial buildings across North America is driving an increasing need for silicone-based firestop sealants.

Geographical Penetration

Increasing Demand for Firestop Sealants in Residential and Commercial Buildings in U.S.

U.S. has been a dominant force in the North America firestop sealants market. Growing demand for high performance refinery fire barrier solutions to assure advanced fire protection, mostly in the oil and gas sectors, has resulted from advancements in shale gas exploration technologies, primarily in United States. Fire barriers are essential to safety in these industries because of the high prevalence of high-risk environments brought on by the existence of explosive and highly flammable substances, which in turn drives demand for the products.

The growing focus on improving fire safety regulations in both residential and commercial buildings is what is driving the growth of the firestop sealants market in United States. The use of firestop sealants in a variety of applications is required by regulatory organizations, including the National Fire Protection Association and local building codes, to stop the spread of fire, smoke and hazardous gases in building compartments. Following these rules is not only required by law but is also essential for protecting people and property, which is why the construction sector has a steady need for firestop sealants.

The construction industry is seeing strong expansion, especially in metropolitan areas, which is a big driving element. Due to significant expenditures in infrastructure development, urbanization and economic expansion, U.S. construction sector has experienced an increase in activity.

High-rise residential, commercial and industrial buildings are proliferating in major cities, necessitating the use of efficient fire-stopping techniques in each. The trend of developing mixed-use complexes and smart buildings, which require sophisticated fire prevention systems to assure complete safety, further increases the demand for trustworthy firestop sealants.

COVID-19 Impact Analysis

The COVID-19 pandemic has had a substantial effect on the firestop sealants market in North America. The is mainly because of changes in the dynamics of the construction sector and supply chain disruptions. Lockdowns and other restrictions at the pandemic's peak caused industrial facilities to close and caused an output delay.

Due to this, there were delays and shortages in the firestop sealant supply due to a backlog. Supply chain problems were further compounded by logistical and transportation difficulties, such as labor shortages and limited shipping capacity. The epidemic also brought about changes in the price and availability of raw materials, which made it more difficult for enterprises to secure supplies and raised the cost of manufacturing.

The demand side of COVID-19 had a mixed effect on the construction sector. At first, a lot of building projects were postponed or shelved due to health and financial uncertainties. The need for firestop sealants temporarily decreased as a result of this. However, there was a revival in construction activity as economies began to recover and adjust to the new normal.

The was especially true for residential and infrastructure projects and it was driven by government stimulus packages and an emphasis on enhancing public health facilities. The need for firestop sealants increased throughout this phase of recuperation. The epidemic also brought attention to the significance of safety and adherence to building codes, which may raise the long-term focus on firestop systems and their function in guaranteeing building safety.

Russia-Ukraine War Impact Analysis

There are major ramifications for the firestop sealants business in North America from the current conflict between Russia and Ukraine. Among the most immediate and significant repercussions are disruptions in the global supply chain. Many of the chemicals and resins required to make firestop sealants are imported from Eastern Europe or go via trade lines that are impacted by the war.

The commodities are now more expensive and scarcer due to the unpredictability and volatility in the area. Rising production costs as a result may result in increased firestop sealant pricing for North American producers. It has also become more difficult to plan and carry out building and maintenance projects that depend on these items due to logistical difficulties that have caused supply schedule delays and uncertainty.

By Type

• Silicone
• Ablative
• Intumescent

By Application

• Concrete Floor
• Construction joints/gaps
  • Partition Walls
  • Below Deck Insulation
  • Top of Wall
  • Horizontal and Vertical Joints
  • Perimeter Floor Joints
  • Curtain Walls
  • Wall to Wall Joints
  • Others
• Cable Penetrations
• Mechanical ducts
• Pipes
  • Insulated Pipes
  • Metallic Pipes
  • Non-Metallic Pipes
• Others

By End-User

• Residential Building
• Industrial Building
• Commercial Building

By Region

• North America
  • U.S.
  • Canada
  • Mexico

Key Developments

• On February 02, 2024, Specified Technologies Inc. (STI) introduced the SpecSeal Cast-In Firestop Device (CID), proudly made in USA. Designed for concrete floors, this device serves as a sleeve, firestop and watertight seal all in one. Made from durable ABS plastic and polypropylene, it allows for the installation of various through-penetrating items from both the top and bottom sides of the floor.
• On March 29, 2023, Tremcar USA increased production at its location in Strasburg, Ohio. By expanding its service center and erecting a new manufacturing building, the firm will essentially double its production capacity. Both the local economy and the tanker manufacturing sector will benefit from this enormous increase. Tremcar USA's production capacity increase will benefit Strasburg, Ohio.

Competitive Landscape

The major global players in the market include Hilti Corporation, 3M, ROCKWOOL A/S, H.B. Fuller Company, Sika GCC, Arkema S.A., Tremco CPG Inc., RectorSeal, Everkem Diversified Products and Specified Technologies Inc.

Why Purchase the Report?

• To visualize the North America firestop sealants market segmentation based on type, application, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of firestop sealants market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The North America firestop sealants market report would provide approximately 42 tables, 31 figures and 155 Pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies