Growth in fire collars market driven by stringent regulations

The global fire collars market, valued at US$ 331.9 million in 2023, is projected to reach US$ 571.9 million by 2034, expanding at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2034.

As reported by Transparency Market Research, this growth is driven by several factors, including stringent building regulations, increasing fire incidents, and advancements in fire protection technologies.

Fire collars are crucial in sealing openings around pipes and cables that penetrate fire-rated walls and floors, preventing the spread of fire and smoke.

Governments worldwide are enacting stricter fire safety codes to enhance building protection.

These regulations often mandate the use of fire-resistant materials, including fire collars, ensuring that penetrations in fire-rated barriers do not compromise structural integrity.

Compliance with these regulations is crucial for construction projects, driving the demand for high-quality fire collars.

Rise in fire incidents increases demand for fire collars

The increasing number of fire incidents globally is another significant factor contributing to the market’s growth.

As fire safety becomes a higher priority in residential and commercial buildings, the need for effective fire containment solutions, such as fire collars, has risen.

Fire collars help contain fires within designated areas, minimizing damage and enhancing overall safety.

Technological advancements in fire collar design are also shaping the market.

Manufacturers are developing innovative products that offer improved fire resistance, ease of installation, and versatility.

These advancements make fire collars more effective and user-friendly, further driving their adoption.

Asia-Pacific region leads the fire collars market

Geographically, the Asia-Pacific region is emerging as a significant market, driven by rapid urbanisation, infrastructure development, and evolving safety regulations.

The region’s strong market presence is driven by an increased focus on passive fire protection measures, which enhance building safety and comply with evolving fire safety standards.

The fire collars market in the Middle East and Africa is also experiencing growth due to stringent building regulations.

For instance, in June 2024, the Kuwaiti government announced plans to introduce a new law aimed at preventing building violations, which is expected to boost the demand for fire collars as part of enhanced fire safety and compliance measures.

Key players in the fire collars market

In 2023, Walraven introduced a new range of fire collars featuring enhanced fire resistance and improved installation ease.

These advanced fire collars are designed to provide superior protection by maintaining the integrity of fire-rated walls and floors, even in extreme conditions.

The innovation emphasises quicker installation and greater adaptability to various pipe materials, meeting stringent safety standards.

Additionally, in 2023, KBS Corporate Sales Ltd. launched a smart fire collar system integrated with real-time monitoring capabilities.

This system offers enhanced safety by providing alerts and diagnostics on fire collar performance and potential breaches.

The technology aims to improve fire safety management by allowing for proactive maintenance and immediate response in case of fire-related issues.