Flexible firestop sealant is used for fire protection, to impede spreading of fire through joints, ceiling, or wall assemblies of buildings. A major factor driving growth of the target market is increasing adoption of firestop sealants from construction sector.
The global flexible firestop sealant market is segmented on the basis of type, application, and region. On the basis of type, the global market is segmented into elastomeric and intumescent. The elastomeric segment accounts for highest share in terms of revenue in the global market.
On the basis of application, the global market is segmented into residential building, commercial building, industrial building and others. The residential building segment is expected to witness significant growth in terms of revenue during the forecast period.
On the basis of region, the global flexible firestop sealant market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is accounted for highest share in terms of revenue in the global market, and is projected to maintain its dominance over the forecast period. Increasing demand from construction sector is major factor driving growth of the North America flexible firestop sealant market. The market in Asia Pacific is projected to witness significant growth over the forecast period, and is expected to register a highest growth in terms of revenue during the forecast period. This growth can be attributed to rapid development in construction sector in countries in the region. Also, the markets in Latin America and Middle East & Africa are projected to witness moderate growth over the forecast period.
Prominent players in the global Flexible firestop sealant market include 3M Company, Hilti Inc., ROCKWOOL International A/S, H. B. Fuller Company, Bostik SA, Tremco Incorporated, Everbuild Building Products Ltd., Specified Technologies Inc., Fosroc International Limited, and Pecora Corporation.