The Fire Collars Market Size is valued at USD 315.0 Mn in 2023 and is predicted to reach USD 462.4 Mn by the year 2031 at a 5.10% CAGR during the forecast period for 2024-2031.
Fire collars are composed of strong substances that resist fire to increase their efficacy in managing smoke and ignition. Fire collars are utilized in healthcare facilities, retail supermarkets, workplaces, and governmental and industrial settings to stop fires from spreading. They cover combustible tubes that are embedded in walls and flooring. Structural stability and durability against fire are preserved with explosive collars. These collars prevent gases and flames from escaping among the structure's sections. Fire collars greatly aid in reducing the destruction of property and the possibility of fatalities or injury in the case of an explosion by successfully blocking the flow of combustion products from service invasions.
Another factor driving the market for fire collars is the strict requirements for construction. Governments all around the world are passing and implementing stronger laws to improve property security and fire safety. In order to guarantee that intrusions in fire-rated barriers shouldn't affect the structural soundness of the building, these requirements frequently require the installation of fire-resistant substances, such as fire collars. Ensuring adherence to these laws is imperative for building initiatives, hence propelling the market demand for superior fire collars.
However, high production costs could seriously limit the fire collar market. Changes in the expense of essential components can cause fluctuations in their availability, as the components needed to make fire collars have grown more expensive. It is extremely challenging for producers to obtain and sustain a sufficient supply of initial supplies because of the tremendous demand for these resources, which usually involve explosives. Furthermore, strict rules and regulations are also hampering the market expansion.
Competitive Landscape
Some Major Key Players In The Fire Collars Market:
- STI Firestop
- Snap Fire Systems
- ROCKWOOL A/S
- Promat (Etex Group)
- RFT
- PFC Corofil
- Pyropanel (ASSA ABLOY)
- Walraven
- KBS Corporate Sales Ltd.
- Allproof
- Hilti
- RectorSeal
- Ramset
- Fondital (Marvon)
- Temati
- Envirograf
- FireSeal AB
- DST Group Ltd.
- Astroflame
- Airflow Developments Limited
- Nicoll-Nordic
- K-FLEX S.p.A.
- FSi Limited (PipeBloc)
- Bampi S.p.A.
- Pyroplex Ltd
- Other Market Players
Market Segmentation:
The fire collars market is segmented into type and application. Based on type, the market is segmented into stainless steel cases, steel cases, and others. By end-use, the market is segmented into office buildings, hospitals, shopping centers, and others.
Based On The Type, The Stainless-Steel Fire Collars Market Segment Is Accounted As A Major Contributor To The Fire Collars Market
The Stainless-steel fire collars market will hold a major global market share in 2023. Stainless steel is a prevalent resource for appliances, kitchen utensils, and silverware. This is due to its capacity to withstand destruction, resistance to rusting, and inertness whenever utilized for the preparation or preservation of nourishment. Products high in acidity are not harmful to anyone because of their resistance grade.
Hospital Segment To Witness Growth At A Rapid Rate
The hospital industry uses the bulk of the fire collars market because hospitals are vital healthcare establishments that offer specialized medical services, elderly care, and important pharmaceuticals for customers in need, especially in countries like the US, the UK, Germany, China, and India.
In The Region, The Asia Pacific Fire Collars Market Holds A Significant Revenue Share.
The Asia Pacific fire collars market is expected to report the highest market revenue share in the near future. This is explained by the famous higher education institutions, laboratories, and technological enterprises that carry out state-of-the-art optics and converged circuit investigations located in Asia Pacific. Fire safety system improvements for food processing circuits are driven by this robust R&D ecosystem, which also stimulates development.
Fire Collars Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 315.0 Mn |
|
Revenue Forecast In 2031 |
USD 462.4 Mn |
|
Growth Rate CAGR |
CAGR of 5.10% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Mn and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Type, Application |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
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Competitive Landscape |
STI Firestop, Snap Fire Systems, ROCKWOOL A/S, Promat (Etex Group), RFT, PFC Corofil, Pyropanel (ASSA ABLOY), Walraven, KBS Corporate Sales Ltd., Allproof, Hilti, RectorSeal, Ramset, Fondital (Marvon), Temati, Envirograf, FireSeal AB, DST Group Ltd., Astroflame, Airflow Developments Limited, Nicoll-Nordic, K-FLEX S.p.A., FSi Limited (PipeBloc), Bampi S.p.A., Pyroplex Ltd. And others. |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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