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Fireproof Insulation Market By Material (Fiberglass, Cellulose, Mineral Wool, Glass wool, Rock wool, Slag wool) By Application (Walls and Partitions, Cable Lines, Piping, Air Ducts, Storage Tanks) By End-Use Sector (Industrial Building and Construction, Residential/ Commercial Building and Construction) - Growth, Future Prospects & Competitive Analysis, 2016 - 2028

About this report

The global fireproof insulation market report discovers the critical analysis of the industry using important particulars. The research report includes the need for investments and investment strategies in the fireproof insulation industry and the multiple benefits for investors. Importantly, the report sets out important changes in the global technical regulations for the fireproof insulation industry and how economic barriers are helping the market grow. Additionally, the paper examines projected and historical market sizes at the regional, global, and national levels. The paper also offers a thorough analysis of the most important investment propositions, the demand and supply gaps, the positioning of the competition, and the STAR, SRC, and Tornado analyses. Technology advancements and other assessments include Porter's Five Forces, Value Chain, PESTEL, etc.

REPORT ATTRIBUTE DETAILS

Fireproof Insulation Market by Volume

Yes

Market by Value

Yes

Market, Tornado Analysis

Yes

Market, STAR Analysis

Yes

Market, SRC Analysis

Yes

Market, Import-Export Data

Yes (On Demand)

Market Pricing Analysis

Yes (On Demand)

Market Segment Analysis

By Material (Fiberglass, Cellulose, Mineral Wool, Glass wool, Rock wool, Slag wool, Polystyrene (EPS), and Polyurethane Foam)

By Application (Walls and Partitions, Cable Lines, Piping, Air Ducts, Storage Tanks, and Supporting Structures)

By End-Use (Industrial Building and Construction, Residential/ Commercial Building and Construction, and Marine and Offshore)

Market, Regional Analysis

North America (US and Canada)

Europe (Germany, UK, France, Italy, Spain, and the Rest of Europe)

Latin America (Brazil and Rest of Latin America)

Asia Pacific (China, India, Japan, South Korea, South East Asia, and Rest of Asia Pacific)

Middle East and Africa (South Africa, GCC Countries, and Rest of Middle East and Africa)

Market Key Companies

ROXUL Inc., ROCKWOOL International A/S, CSR Building Products Ltd, BAUCOMEX CZ, s.r.o., Jewson Limited, Combi Isolatie Tholen, Refractory Specialties Incorporated, airkrete, and Arango Insulation

Market Competitive Landscape

Market Share Analysis

Key Players Market Positioning

Competitive Benchmarking

Major Strategies Adopted

Geographical Presence Analysis       

 

Key Highlights of the Report

Major segments performing in the fireproof insulation market

  • The market's top share contributor in 2021 This significant market share can be attributed to glass wool's many beneficial qualities, including its exceptional fire safety (class 0 and class 1), usability, physical stability, and environmental friendliness.
  • In 2021, the end-use market for residential and commercial buildings and construction held the top spot for fireproof insulation. This can be attributed to the construction of several residential buildings.

Fireproof Insulation Market in Western Europe and North America

Western Europe and North America account for a sizeable portion of the global market for fireproof insulation. Strict laws and regulations in industrialized nations like UK, United States, and Germany govern construction activities. In these regions, the industrial marine and shipbuilding industries are fairly developed, and it is projected that they will contribute significantly to the market for fireproof insulation.

The US manufacturing sector is flourishing due to a rise in food business.

The United States is the country that produces the most oil and gas. The region's oil and gas industry has seen a sharp increase in the use of fireproof insulating solutions due to the increased fire risk in oil and gas facilities. The US manufacturing sector is also flourishing due to the rise in food manufacturing businesses, boosting demand for fireproof insulation materials for industrial machinery and equipment.

Competitive environment in the fireproof insulation market

One of the most active industries in the global market for fireproof insulation is Rockwell International (Denmark). To enhance its global reach and meet the varied needs of its consumers, the company expanded its business operations in several locations. In the past five years, the corporation has also worked to change and innovate its product line. Additionally, Joplin, Missouri-based Owens Corning Corporation (US) increased the size of its production facilities. Businesses that are active in the market have been concentrating on enhancing the quality of their services and goods by releasing new and cutting-edge products.

Executive Summary

A market scenario for the fireproof insulation market

In a fire disaster, fireproof insulation is utilized to stop the spread of the flames, preserving investments, property, and people's lives. Fiberglass, cellulose, mineral wool, polystyrene (EPS), and polyurethane foam are numerous types of materials utilized in fireproof insulation. Regarding consumption on the international market for fireproof insulation, fiberglass material commands a significant share. This material can minimize heat transfer since it is manufactured by weaving tiny glass strands together. Compared to other materials, fiberglass is a more affordable insulating material. Fireproof insulation is utilized in buildings, construction, and other industries to improve safety.

Key investments by the fireproof insulation market players

Leading players operating in the fireproof insulation market focus on strategic acquisitions, mergers, and collaborations to gain a competitive edge. For instance, in 2019, Gulf Coast Insulation and a distributor of spray foam and installation services for fiberglass insulation based in the United States was acquired by Installed Building Products, PVT Ltd., a business-leading insulation installer and another advantageous building product. Knauf has bought USG Corporation. With the combination of two businesses, product portfolios, and global footprints that are highly complementary, this acquisition creates a market leader in the building materials sector that will be even better able to meet client expectations.

Some major players in the fireproof insulation market are ROXUL Inc., ROCKWOOL International A/S, CSR Building Products Ltd, BAUCOMEX CZ, s.r.o., Jewson Limited, Combi Isolatie Tholen, Refractory Specialties Incorporated, airkrete, and Arango Insulation.

Major Growth Factors for the Fireproof Insulation Market

The primary factor fueling the expansion of the global market for fireproof insulation is the strict government rules for residential and commercial projects to improve safety. Growth in the global market for fireproof insulation is anticipated to be driven by industrialization and increased construction activity in the APEJ, Latin America, and MEA regions. Fireproof insulation aids in minimizing heat transmission and maintaining internal temperatures and energy use. It is projected that the consumption of fireproof insulation will rise due to consumer knowledge of controlled energy consumption and the negative consequences of greenhouse gas emissions.

fireproof-insulation-market

Lack of knowledge about the value could restrain the rapid growth of the market

Lack of knowledge about the value of fireproof insulation in building construction and lax fire safety laws in emerging economies could restrain the rapid growth of the fireproof insulation market during the course of the projected period.

The industrial construction and insulation sector is expected to grow significantly by 2032

By 2032, the industrial building and construction segment of fireproof insulation is expected to grow significantly. The sector expansion can be attributed to a rise in non-residential construction projects due to the increased focus on creating a strong commercial and industrial infrastructure. The non-residential building spending in the US reached $859.3 billion for August 2022 on a seasonally adjusted annualized basis, according to the Associated Builders and Contractors research.

Regional performance analysis

A sizable share of the world market for fireproof insulation comprises products from Western Europe and North America. Construction operations in industrialized countries like the United States and Germany are subject to stringent laws and regulations. The industrial maritime and shipbuilding sectors are comparatively established in these areas, and it is anticipated that they would have a sizable impact on the market for fireproof insulation.

It is projected that the growing building activity in the Asia Pacific region's burgeoning clusters would boost this region's share of the world market for fireproof insulation. In Japan, fireproof insulation is used in buildings such as schools, hospitals, and opulent apartments, and demand is anticipated to increase during the projection period. The market for fireproof insulation in Latin America is still in its infancy but is predicted to grow at a medium rate during the forecast period.

Strict government regulations and building codes will help increase the market's growth.

The market for fireproof insulation will have positive growth due to the significant increase in energy-efficient construction projects supported by strict government regulations and building codes. By way of illustration, the European Union's legal framework, which consists of the Energy Performance of Buildings Directive 2010/31/EU and the Energy Efficiency Directive 2012/27/EU, intends to create a highly decarbonized and energy-efficient building stock by 2050. Businesses and consumers can use the directions to make educated decisions that will help them save money and energy.

The market for fireproof insulation is growing rapidly.

The global fireproof insulation market is anticipated to grow at a CAGR of 3.9% in the upcoming years. The global fireproof insulation industry was estimated to be worth USD 26.2 billion in 2021 and is anticipated to be worth USD 32.9 billion by 2028.

Major players in the fireproof insulation market are planning for the future.

Famous companies involved in the fireproof insulation market, including Knauf Insulation, Owens Corning Corporation, Gobain SA, Sipla Solutions, Rockwool International A/S, BASF SE, Saint Kingspan Group PLC, Johns Manville, GAF, and Beijing New Building Material Co., Ltd., have been utilizing cutting-edge technologies to create game-changing innovations and gain a competitive edge over rivals.

Segmentation of Global Fireproof Insulation Market-

Global Fireproof Insulation Market – By Material

  • Fiberglass
  • Cellulose
  • Mineral Wool
  • Glass wool
  • Rock wool
  • Slag wool
  • Polystyrene (EPS)
  • Polyurethane Foam

Global Fireproof Insulation Market – By Application

  • Walls and Partitions
  • Cable Lines
  • Piping
  • Air Ducts
  • Storage Tanks
  • Supporting Structures

Global Fireproof Insulation Market – By End-Use Sector

  • Industrial Building and Construction
  • Residential/ Commercial Building and Construction
  • Marine and Offshore

Global Fireproof Insulation Market – By Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Frequently asked questions about the global fireproof insulation market

COVID-19 harmed the market due to the outbreak of the COVID-19 pandemic, as demand was subsequently reduced.

Europe accounted for the largest global fireproof insulation market revenue share.

Increasing demand for safety materials across various end-use industries will drive the fireproof insulation market.

The glass wool segment had a major global market share in 2021.

The residential and commercial building and construction segment had the largest share in the global market.

Fireproof Insulation Market Scope

Report Attribute Details
Market Value in 2021 USD 26.2 billion
Market Value in 2028 USD 32.9 billion
CAGR 3.9%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Trusted By
Godaddy
Published Date:  Dec 2022
Category:  Industrial Goods
Report ID:   60849
Report Format:   PDF
Pages:   140
Rating:    4.2 (40)
Delivery Time: 24 Hours to 48 Hours   
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