Global Firestop Sealants market will reach 850 million US$ by the end of 2025
The global Firestop Sealants market is valued at 570 million US$ in 2017 and will reach 850 million US$ by the end of 2025, growing at a CAGR of 5.2% during 2018-2025.
Published Date: 2018/9/3
Firestop Sealants are specific type of sealants that help avert the spread of fire. They prevent the fire from spreading by sealing openings to fire-rated interiors of a building construction, floors, ceilings or wall assemblies. They are possessing fire resistant properties with exceptional longevity, as well as greatly reducing the formulation of smoke and other harmful toxins. They could also additionally act as an acoustic barrier by reducing the transfer of noise. Firestop Sealants are paintable, and can also be easily cleaned with water.
Price in US and EU is much higher than that of China and other developing countries due to their high quality and powerful functionalities. Developing countries such as China and India is more likely to attract more investment opportunity for their potential demand.
The global Firestop Sealants market is valued at 570 million US$ in 2017 and will reach 850 million US$ by the end of 2025, growing at a CAGR of 5.2% during 2018-2025.
Firestop Sealants require no maintenance when installed in accordance with the specifications mentioned by the manufacturer; which, in turn has surged the market demand for them. It is expected that with rising concern for safety and security of lives and property worldwide, the market for Firestop Sealants will grow consistently over the next few years.
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