UK Fire Stopping Material Market Research Report Forecast to 2030

UK Fire Stopping Material Market Research Report Forecast to 2030
The UK fire stopping material market is projected to register healthy growth during the forecast period, 2022–2030. The market is likely to exhibit a CAGR of 5.75% to reach 45,123.6 tons by the end of 2030.

The UK fire-stopping material market is prominently influenced by many factors. Some of the market-driven factors that are slated to fuel the UK market growth include increasing fire stopping material demand in the construction industry. Apart from this factor, high demand due to the rise in fire incidents across the UK and strict government regulations & building codes is projected to trigger UK fire stopping material market growth soon. Heating, ventilation, air conditioning, and energy-efficient system designs are now being prioritized by contractors and builders. This has increased the demand for the installation of fire-fighting materials to construct a well-versed structure in all aspects. The construction industry in the UK is growing due to urban population growth, which is driving growth in urban infrastructure and residential construction. Also, permanent inward migration will contribute to the sustainability of population growth and construction demand.

However, a lack of consumer awareness and the high cost of fire-fighting materials may act as a barrier to market growth. Furthermore, VOCs, present in most of the fire stopping materials, emit gases that are hazardous to the environment as well as pose a number of potential health risks, which may impede the growth of fire-stopping materials during the forecast period.

Market Segmentation
According to MRFR analysis, the fire stopping material market has been segmented based on type, and application. Based on type, the market has been divided into sealants, mortars, boards, putty & putty pads. The sealants segment accounted for the largest share of 36% in 2021 due to its wide application in residential, commercial, and industrial buildings.
By application, the fire stopping material market has been classified into electrical, mechanical, plumbing and others. The electrical segment dominated the fire stopping material market with a share of 38% by value in 2021, owing to the growing prevalence of fire stopping material in buildings & construction industry.

Major players
Sika AG, BASF SE, 3M, Envirograf, Fire Seal Shop, Norseal Ltd, and Hilti are the major companies in the market currently competing in terms of quality, price, and availability

Companies Mentioned
Sika AG
BASF SE
3M
Envirograf
Fire Seal Shop
Norseal Ltd
and Hilti

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.