Global Preformed Firestop Devices Market Size By Type (Firestop Sleeves and Pathways, Firestop Bricks and Foam Block and Plugs), By Application (Commercial Building, Industrial Building), By Geographic Scope And Forecast

Preformed Firestop Devices Market Size And Forecast

Preformed Firestop Devices Market size was valued at USD 302.92 Million in 2022 and is projected to reach USD 553.89 Million by 2030, growing at a CAGR of 7.84% from 2024 to 2030.

The Preformed Firestop Devices Market is going through enormous changes owing to digital advancement. An increase in demand for Performed firestop devices is expected to drive the global market. Strict building rules & regulations and increased prominence on preformed firestop device materials are some of the factors driving the growth of the Preformed Firestop Devices Market. The Global Preformed Firestop Devices Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Preformed Firestop Devices Market Definition

Firestops refer to physical barriers that stop deadly gases, flames, and poisonous smoke from spreading via openings formed during building renovations and the installation of communications, plumbing, electrical, and ventilation systems, and grease ducts. Barriers may also be used to fill holes in fire-resistant walls and floors. It typically consists of malleable materials that fill gaps between conduits, wires, pipes, and walls as they move between spaces, such as a pipe through a fire-rated wall.

Preformed firestop devices become a mechanism that can be used in some ways to reach a particular safety target. These firestop devices are installed in mainly two applications, including; the top of a wall, curtain wall (edge of a slab), or floor-to-floor joints are examples of places where two assemblies intersect to form an expansion joint, around fire-resistant building penetrations for the passage of cables, pipes, or HVAC systems.

Global Preformed Firestop Devices Market Overview

Buildings? Yeah, they're meant to stick around for a while – like, 60 years or more. But keeping them standing strong involves a lot, and fire is a big threat. It can really mess things up, either right away or down the road. All those fires happening around the world are making people want good fire protection, which is why there's a growing need for firestop devices that are ready to go. But get thisthere are tons of other options out there that could work just as well. Plus, with all the construction going on, folks fixing up old buildings with firestop systems, and those strict building codes? And with people really focusing on what firestop devices are made of and getting better places to store them, plus everyone finally realizing how important fire protection is? Well, all that's really boosting the demand for preformed firestop devices.

Hey, guess what? All that building going on around the world? It's opening up some cool chances for the Global Preformed Firestop Devices Market in the future! Check this outa joint report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development said we finished building 1,449,000 homes by April 2021. Plus, another 1,569,000 homes were just getting started or still being built. And get this, they handed out permits for 1,760,000 new homes back in 2020! Even up in Canada, they're building like crazy – a 5.9% jump, especially with houses – bringing the total construction investment to USD 14.8 in March 2021.

Wow, residential investment is still going strong! The Construction Index reports that it hit a new record in March, with its 11th straight month of growth – a whopping 7.6% jump to $11.10 billion! Apparently, commercial construction is expected to be the king of the Preformed Firestop Devices Market for a while. And what's fueling all this? Well, people are really paying attention to fire safety codes and regulations, and they want more protection. Plus, all the new commercial stuff going on – tourism, schools, hospitals, stores – means we need more buildings. And more buildings means more firestop devices. Basically, with all the scary building fires happening, preformed firestop devices are becoming super important, and that's making a huge difference in the market.

Global Preformed Firestop Devices MarketSegmentation Analysis

The Global Preformed Firestop Devices Market is segmented on the basis of Type, Application, And Geography.

Preformed Firestop Devices Market, By Type

• Firestop Sleeves and Pathways
• Firestop Bricks, Foam Block, and Plugs
• Others

Based on Type, the market is segmented into Firestop Sleeves and Pathways, Firestop Bricks and Foam Block and Plugs, and Others. In 2022, Firestop Sleeves and Pathways held the greatest market share. Firestop sleeves and pathways are passive fire protection devices that are meant to limit the spread of fire and hence retain fireproofing.

Preformed Firestop Devices Market, By Application

• Industrial Building
• Commercial Building
• Residential Building

Based on Application, the market is segmented into Industrial Buildings, Commercial Building, and Residential Building. In 2022, Commercial Building held the greatest market share. In commercial buildings, even minor lapses in fire safety can result in permanent damage. The rate of commercial construction is high due to the rise in the working population, urbanization, and industrial development. Thus, construction and infrastructure development are booming to provide people with a better life and developed surroundings.

Preformed Firestop Devices Market, By Geography

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

Based on Regional Analysis, the Global Preformed Firestop Devices Market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Over the projected period, North America is estimated to have the biggest market share of Performed Firestop Devices, followed by Europe. Strict government rules on fire safety across the industrial sector are projected to increase market demand for fire-stop devices.

Key Players

The “Global Preformed Firestop Devices Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Hilti Group, Rockwool International A/S, 3M, Specified Technologies Inc., Emerson Electric Co., BASF SE, Etex Group, Morgan Advanced Materials, RectorSeal Corporation, RPM International, Inc., and Sika AG. This section provides a company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.

Key Developments

• In September 2020, Etex announced the acquisition of FSi Limited, a British firm specializing in passive fire protection systems with a particular emphasis on fire stopping. FSi has a manufacturing site in Measham, East Midlands, and a distribution center in West Thurrock, Greater London Area. FSi has a 20-year history of developing, manufacturing and distributing built-in fire prevention systems to protect infrastructure and assets all over the world. The product line of the firm includes everything from fire-resistant and intumescent sealants to ablative-coated stone wool batts and other specialty fire-stopping goods.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Preformed Firestop Devices Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Preformed Firestop Devices Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope

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