Global Fireproof Insulation Market valued at US$ 18.96 Bn in 2017 and is expected to reach US$ 25.98 Bn by 2026, at a CAGR of 4.02 % during a forecast period. Fireproof insulations are used to combat the spread of flames in case of fire disaster and help in protecting the load-bearing structure of the building, investments and human lives. The different types of material used in fireproof insulation are fiberglass, cellulose, and mineral wool, polystyrene and polyurethane foam. The strict regulatory environment concerning the reduction of greenhouse gases and increasing construction industry is expected to drive the growth of the global fireproof insulation market. Augmented demand from new constructions is expected to boost the growth of the global fireproof insulation market during the forecast period. Furthermore, lack of awareness about the fireproof insulation is limiting the growth of the global fireproof insulation market. The objective of the report is to present a comprehensive assessment of the global fireproof insulation market and contains considerate insights, facts, historical data, industry-validated market data and projections with appropriate set of traditions and methodology. The report also helps in understanding dynamics, structure by analysing the market segments by material, type, end-user and region and, project the global market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global fireproof insulation market.
The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment. The residential buildings segment is expected to dominate the global fireproof insulation market during the forecast period. The residential building is the main application segment in the fireproof insulation market. This is principally attributed to an upsurge in the adoption of fire safety regulation in the residential building sector in developing and developed countries across the globe. The increasing residential sector across the globe along with the growing awareness regarding fire safety regulation driving the demand of fireproof insulation market. Glass wool segment is expected to share significant growth in the global fireproof insulation market.
Growing demand from new construction around the globe is increasing the growth of this segment. Glass wool is formed in rolls, blankets, slabs, and loose-fill with various thermal and mechanical properties. These materials offer properties such as acoustic, flexible, non-combustible, non-degradable, lightweight, and less expensive in comparison to other insulating materials. These are the factors, which is widely used as insulation material for fireproof insulation. Geographically, Asia Pacific is estimated to dominate the global fireproof insulation market. The dominance position in the market is attributed to increasing government initiatives towards building safety along with the growing environmental concerns pertaining to emissions of greenhouse gasses.
The escalating workforce in oil & gas, chemicals, and petrochemicals sectors is producing a stunning volume of demand for defensive clothing, which is propelling the growth of the Asia Pacific. The energy-saving initiatives and reforms in building regulations are expected to boom fireproof insulation market in the region. These are the factors, which are expected to boost the growth of fireproof insulation market.
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Scope of the Report Global Fireproof Insulation Market
Global Fireproof Insulation Market, By Material
• Glass Wool • Stone Wool • Plastic Foam • Others
Global Fireproof Insulation Market, By Application
• Residential Buildings • Commercial Buildings
Global Fireproof Insulation Market, By Geography
• North America • Europe • Asia Pacific • Middle East & Africa • South America
Key players in Global Fireproof Insulation Market
• CSR Building Products Ltd • BAUCOMEX CZ • Jewson Limited • ROXUL Inc. • ROCKWOOL International • Combi Isolatie Tholen • Refractory Specialties Incorporated • Airkrete • Arango Insulation • Knauf Insulation • Uralita • Rockwool International A/S • Recticel • Kingspan Group plc. • Saint-Gobain S.A. • BASF SE • Berkshire Hathaway Inc. • Paroc Group OY • Owens Corning Corporation • GAF • Beijing New Building Material Co., Ltd • Knauf Insulation GmbH
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