Fire Barrier Wrap Sticks Market: Market Overview
The fire barrier wrap stick is a type of protection tape which is used to separate a specific area during a fire break out to keep surrounding people away from fire risks such as suffocation due to fire’s smoke, structural damage, etc. Fire barrier wrap sticks have specific designed features like they have bold printed text with bright background. There are numerous types of specifications in the colour of fire barrier wrap sticks. These sticks are shiny on the outer side and that provide specific degree of reflection. Fire barrier wrap sticks have many end use industries like automotive, electronics, construction, etc. There are some fixed rules regarding material and colour of fire barrier wrap sticks. For example, red or white colours are compulsorily used for fire protection. Fire barrier wrap sticks are able to bare high temperatures while being effective in application. These sticks are also popularly known as self-adhesive sticks. The choice of adhesives and backing materials of the sticks play an important part in benefits of fire barrier wrap sticks whenever it comes in contact with high temperature applications.
Fire Barrier Wrap Sticks Market: Market Dynamics
Increasing industrial market and industries like building and construction the demand of fire barrier wrap sticks market is escalating rapidly. Sadly, rising number of fire breakout incidents is contributing in the increased demand for fire barrier wrap sticks. Additionally, fire barrier wrap sticks market growth is enhanced rapidly because of the rising awareness of the employee’s safety in all the industries. Moreover, fire barrier wrap sticks are economic which has uplifted the market. In addition to this, the material polyvinyl film which is used for fire barrier wrap sticks are durable as well as strong which is the one more factor in driving the market.
Besides, the developments of alternative options to fire barrier wrap sticks such as construction tapes and law enforcement tapes may absorb market share of fire barrier wrap sticks market in the forecasted period. Fore protection systems are implemented on a high volume sites which is another factor which hampering the growth of the fire barrier wrap sticks market.
Since the COVID-19 outbreak in December 2019, the disease has spread to nearly about 100 countries all over the world. This pandemic has started to show major impacts on fire barrier wrap sticks market. COVID-19 pandemic impacted badly on the construction and other similar industries. This resulted into major impact on the growth of fire barrier wrap sticks market worldwide.
Fire Barrier Wrap Sticks Market: Segmentation
On the basis of material used, global fire barrier wrap sticks market can be segmented as:
- Low density polyethylene
On the basis of thickness, global fire barrier wrap sticks market can be segmented as:
- Below 100 microns
- 100-150 microns
- Above 150 microns
On the basis of roll length, global fire barrier wrap sticks market can be segmented as:
- Below 50 m
- 50-100 m
- Above 100 m
On the basis of reflecting technology, global fire barrier wrap sticks market can be segmented as:
- Glass bead reflection
Fire Barrier Wrap Sticks Market: Regional Outlook
Geographically, North America has higher demand for fire barrier wrap sticks market, owing to higher numbers of fire related accidents in the region. The USFA (U.S. Fire Administration) has reported total loss caused due to fire is in millions. Thus, for the fire barrier wrap stick market North America has become more demanding market. In developing countries, such as India, China, Middle East and African countries have increased massive number of building and construction growth, which has made these regions next high demanding countries in the world. European market already has big construction industry, which has made increased opportunities in European countries.
Fire Barrier Wrap Sticks Market: Key Players
- 3M Company
- ORAFOL Europe GmbH
- Arlon Graphics, LLC
- Nitto Denko Corporation
- Brady Corporation
- Godson Tapes Pvt. Limited.
- Lares International
- Advance Tapes International Ltd
- Harris Industries, Inc.
- Johnson Level & Tool Mfg. Co., Inc.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on fire barrier wrap sticks market segments and geographies.
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The following regional segments are covered comprehensively:
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
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