Fire Collars Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

The global fire collars market was valued at USD 335.2 million in 2022, and a CAGR of 5.7% is expected during the forecast period. Increasing demand for fire collars to prevent various buildings, hospitals, shopping centers, and other commercial premises from fire, and by preventing the spread of fire, heat, and smoke between the apartments and buildings in passive fire protection. Increasing demand for fire extinguishers in shopping malls, business centers, and schools. Implementation of stringent building regulations worldwide is driving growth in the market.

The increasing number of fire incidents due to global temperature increments is a driving factor worldwide. Technological advancements in fire collar design are driving growth in the market significantly. Increasing awareness of safety among businesses and consumers, coupled with technological advancements, is driving growth in the market significantly.

Growth Drivers

Governments worldwide are enforcing stricter building codes and fire safety regulations, requiring the installation of fire collars in various sectors, especially in commercial and industrial buildings. Increasing urbanization and infrastructure development worldwide in emerging economies is leading to the construction of new residential, commercial, and industrial buildings. This growth in infrastructure development increases the demand for fire safety systems. With growing awareness of hazards and potential damage fires do cause, both in terms of human life and property, there is an increasing emphasis on fire prevention measures.

Innovation in fire protection materials and the development of more efficient, durable, and cost-effective fire collars are driving growth in the market significantly. Expansion of various industries such as oil and gas, manufacturing, and chemical processing, where fire safety is critical, is driving growth in the market. In developed regions, many older buildings are undergoing retrofitting and renovation to meet modern life safety standards. This trend is increasing the demand for fire collars in the market significantly.

Insurance companies often mandate the installation of fire protection systems, including fire collars, as part of their risk management policies. Compliance with these requirements lowers the insurance premiums. A rising sense of awareness among people all around the world is driving growth in the need for fire collars.

Segmentation

By Type

·         Stainless Steel Cases

·         Steel Cases

·         Others

By Applications

·         Office

·         Building

·         Malls

·         Hospitals

·         Others

Regional Outlook

·         Asia Pacific

·         North America

·         Latin America

·         Middle East and Africa

·         Europe

Fire Collars Market by Type Segmentation

On the basis of the type, the fire collars are segmented into stainless steel cases, steel cases, and others. Stainless steel is one of the prominent materials on the market due to its robustness and longevity. It even withstands high temperatures and harsh conditions, making it a reliable choice for fire safety applications. Stainless steel offers excellent resistance to corrosion, which is particularly important in environments exposed to moisture or chemicals. This makes it suitable for a wide range of applications, including industrial and coastal areas. It often meets or exceeds fire safety. It provides a sleek, professional appearance, which is often preferred in visible or exposed installations, particularly in commercial and high-end residential buildings.

With these advantages, stainless steel case fire collars dominate the market, particularly in the sectors where long-term durability and compliance with stringent fire safety regulations are critical. Increasing demand for it in commercial, industrial, and infrastructure projects is driving growth in the market significantly. With growing awareness of hazards and potential damage fires do cause, both in terms of human life and property, there is an increasing emphasis on fire prevention measures. Fire collars are highly in demand in almost all the sectors in the world.

 Fire Collars Market by Application Segmentation

On the basis of the application, the fire collar market is segmented into offices, buildings, malls, hospitals, and others. Hospitals are the leading segment in the market due to increasing demand for patients’s safety and seeing the sensitivity of people’s safety there inside the hospital. Schools and offices are another leading segment during the forecast period. Increasing demand for fire collars in factories and manufacturing plants, where machines and equipment create potential fire hazards.

Fire collars are vital for protecting critical infrastructure and equipment. Airports, train stations, and bus terminals often have fire collars in use to prevent fire spread. It is also installed in tunnels to protect against fire in closed spaces. Increasing demand to use it in educational institutions to protect students and staff. Fire safety compliance in government facilities often includes the use of fire collars. Fire collars are crucial in handling flammable materials to prevent catastrophic fires. It is widely used in the installation of renewable energy facilities. Increasing demand for fire collars is also increasing on airports, bus stations, and railway stations as well.

In shopping malls these days, a large crowd is expected to reach, and fire collars are high in demand in shopping malls and multiplexes in order to avoid any sort of risk or threat. Offices in various sectors are required to wear fire collars to avoid any sort of risk.

Regional Outlook

On the basis of the regions, the fire collars market is segmented into 5 parts: Asia Pacific, North America, Latin America, the Middle East and Africa, and Europe. Asia Pacific is the leading segment in the market and is expected to dominate the market during the forecast period. Due to increasing urbanization and industrialization, the region, especially emerging economies like China, India, and Japan, is witnessing significant growth. Rapid growth in the construction sector is driving significant demand in the fire collars in the region.

Stringent government regulations and building codes focused on fire safety standards are propelling the adoption of fire collars in the market significantly. North America and Europe are also dominating the market during the forecast period due to rising awareness among the people about safety from fire. Countries such as the United States, UK, Sweden, Russia, France, Germany, and Italy are witnessing significant growth in the market due to rapidly constructing buildings and people being more educated and smarter in comparison to other parts of the world.

 Key Players

·         STI Firestop

·         Snap Fire Systems

·         Rockwool A/S

·         Promat

·         RFT

·         PFC Corofil

·         Walraven

·         KBS Corporate Sales Ltd

·         Allproof

·         Hilti

·         Other Players