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Global Flexible Fireproof Sealant Industry is expected to reach 729.58 million USD by 2022

Author: QYResearch | Publish date: 2018-05-15 | Views: 40
The Flexible Firestop Sealant industry was 536.80 million USD in 2016 and is projected to reach USD 729.58 million USD by 2022, at a CAGR (Compounded Annual Growth Rate) of 5.25% between 2016 and 2022.


Publisher: QYResearch

Published Date: 2018-05-15

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The industry is relatively concentration, the key brand include 3M Company, Hilti, Rockwool, H. B. Fuller, Bostik (Arkema), Tremco, Everbuild (Sika AG), Specified Technologies, Fosroc (JMH Group), Pecora, Trafalgar Fire, Promat, Metacaulk (Rectorseal), Entc Nuclear Technology, Bai Yun Chemical, Nelson Firestop (Emerson) and so on. The 3M Company and Hilti are the leaders.


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.


Flexible firestop sealant 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 flexible firestop sealant will grow consistently over the next few years.


Besides, manufacturers of flexible firestop sealant have been implementing aggressive advertising, pricing, marketing and distribution strategies so as to augment their volume sales and thereby, increase market penetration. This is expected to boost growth of the flexible firestop sealant market in the near future.


Manufacturers of flexible firestop sealant have also been focusing on developing products with additional features, such as enabling these sealants to additionally act as barriers against airborne sound transmission. Ease of application of flexible firestop sealant has also been an important criteria attributing to the growth in their demand.


However, a challenge which needs to be addressed by manufacturers of flexible firestop sealant is that many building contractors do not specialize in the installation of flexible firestop sealant, and are not conversant with installation procedures. Hence, direct training and education would be necessary for these contractors, or for distributors and interior systems specialist, who would in turn provide training to wholesale purchasers and building contractors who install flexible firestop sealant.



The Global Flexible Firestop Sealant Market Report 2017 report released by QYResearch provides a basic overview of the Flexible Firestop Sealant industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.


The report then focuses on major industry players in United States, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Flexible Firestop Sealant industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.


Click to view the full report:https://www.qyresearch.com/index/detail/41966/global-flexible-firestop-sealant-market
QYResearchglobal focus on market survey and report 
Media contact: press@qyresearch.com

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