Global Fire Collars Market Size To worth USD 530.4 Million by 2033 | CAGR of 5.17%
Category: Chemicals & MaterialsGlobal Fire Collars Market Size To worth USD 530.4 Million by 2033
According to a research report published by Spherical Insights & Consulting, the Global Fire Collars Market Size is Expected to Grow from USD 320.5 Million in 2023 to USD 530.4 Million by 2033, at a CAGR of 5.17% during the forecast period 2023-2033.
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Browse key industry insights spread across 235 pages with 117 Market data tables and figures & charts from the report on the"Global Fire Collars Market Size, Share, and COVID-19 Impact Analysis, By Type (Stainless Steel Cases, Steel Cases, and Others), By Application (Office Buildings, Hospitals, Shopping Centers, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/fire-collars-market
The "fire collars market" refers to the business and industry that manufactures, sells, and distributes fire collars. These collars are typically positioned around pipes, cables, or ducts that pass through fire-rated barriers to maintain the structure's fire-resistance certification. A fire collar is a safety element used in building construction to prevent smoke and fire from spreading through openings in walls, ceilings, and floors that are resistant to fire. The primary factors driving market expansion are the imposition of stringent construction regulations and a rise in fire incidences. Stricter laws are being passed and enforced by governments worldwide to improve property security and fire safety. This market is being driven, among other factors, by rising construction activity, the increasing need for fire protection systems, and stricter fire safety building regulations. The market for fire collars is expanding rapidly due to increased fire safety standards in various jurisdictions. However, the high production costs could be a major constraint for the fire collar market.
The stainless steel cases segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the type, the fire collars market is classified into stainless steel cases, steel cases, and others. Among these, the stainless steel cases segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. A common material for kitchenware, appliances, and silverware is stainless steel. Due to its ability to endure damage, rust resistance, and inertness when used for food preparation or preservation, this is the case.
The hospitals segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the application, the fire collars market is divided into office buildings, hospitals, shopping centers, and others. Among these, the hospitals segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. The hospitals sector accounts for the majority of the fire collar market since hospitals are essential healthcare facilities that provide patients in need with critical medications, specialist medical services, and senior care.
Asia Pacific is estimated to hold the largest share of the fire collars market over the forecast period.
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Asia Pacific is estimated to hold the largest share of the fire collars market over the forecast period. The increasing focus on passive fire prevention in Asia Pacific is supporting the industry. The region is explained by the world-class universities, research centers, and technological firms that carry out state-of-the-art optical and convergent circuit research in the Asia-Pacific region.
North America is predicted to have the highest CAGR growth in the fire collars market over the forecast period. The structural integrity of fire barriers is maintained by fire collars, which are essential for sealing penetrations within fire-rated walls and floors in this region.
Major key players in the fire collars market include Snap Fire Systems, FireSeal AB, ROCKWOOL A/S, PFC Corofil, RectorSeal, Walraven, Allproof, Promat, Pyroplex Ltd., DST Group Ltd., STI Firestop, KBS Corporate Sales Ltd., Astroflame, Airflow Developments Limited, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the fire collars market based on the below-mentioned segments:
Global Fire Collars Market, By Type
- Stainless Steel Cases
- Steel Cases
- Others
Global Fire Collars Market, By Application
- Office Buildings
- Hospitals
- Shopping Centers
- Others
Global Fire Collars Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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