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CHEMICALS AND ADVANCED MATERIALS

Fireproof Insulation Market Segmentation By Material Type (Polyurethane Foam, Slag wool, Glass wool, Fiberglass, Cellulose, Mineral Wool, Rock wool and Polystyrene); By Application (Walls and Partitions, Cable Lines, Piping, Air Ducts, Storage Tanks and Supporting Structures); By End-Use (Industrial, Residential, Commercial, Marine and Offshore) - Global Demand Analysis & Opportunity Outlook 2027

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Extensive insights into the Growth of Fireproof Insulation Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Product Overview

Fireproof insulation is an insulating material used to encounter flames in the case of fire disaster and helps in the protection of load structure of the building, human lives and investments. The different types of material used in the fireproof insulation are cellulose, fiberglass, polystyrene and polyurethane. Fireproof insulation is primarily used in the residential, commercial and industrial sectors. Presently, fireproof insulation is also used in the naval ships in order to save the ships from internal fire. Rockwool insulation is natural fire resistant used as an insulation to prevent the fire in the building.

Market Size and Forecast

The global fireproof insulation market is anticipated to expand at a CAGR around 5.0% during 2018-2027. It is projected to reach around USD 30 billion by 2027. The growth in the market size can be attributed to the fact of growing construction industry in the developing countries such as China and India coupled with strict regulation related to construction ensuring the safety of the population.

The global fireproof insulation market can be segmented on the basis of material type, application and end-use. On the basis of material type, it is sub-segmented into polyurethane foam, slag wool, glass wool, fiberglass, cellulose, mineral wool, rock wool and polystyrene. Glass wool sub-segment is anticipated to be the largest sub-segment on the account of increasing demand from construction industry as it provides enhanced safety to the people. The properties of glass wool such as lightweight, flexible, inexpensive and non-combustible material are primary reason for sub-segment to lead in comparison to other segment. On the basis of end-use, it is segmented into industrial, residential, commercial, marine and offshore. The residential sub-segment is the largest application segment of fireproof insulation. The increasing awareness related to the fireproof insulation is primary reason for the growth of the fireproof insulation market.

By region, global fireproof insulation market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. Europe is anticipated to be the largest market for the fireproof insulation on the account of continuous alterations in the building regulations. The favorable government regulation regarding the safety of population is also major reason for the region to lead the global fireproof insulation market. However, Asia-Pacific is anticipated to be the fastest growing market for the fireproof insulation on the account of increasing safety and environmental concern regarding various toxic emissions. Additionally, there is increasing demand for the fireproof insulation in the region on the account of rapid industrialization.CLICK TO DOWNLOAD FREE SAMPLE

Market Segmentation

Our in-depth analysis segmented the global fireproof insulation market in the following segments:

By Material Type:

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

By Application:

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

By End-Use:

  • Industrial
  • Residential
  • Commercial
  • Marine
  • Offshore

By Region

Global fireproof insulation market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis.

Fireproof Insulation Market Graph

Growth Drivers and Challenges

The strict government regulations in the industrial and residential sector are anticipated to be major growth driver for the market. The rapid industrialization is increasing the construction activities across various developing countries such as China and India which indirectly drives the fireproof insulation market. The rising consumer awareness regarding the energy consumption and side effects regarding the various greenhouse gases is anticipated to boost the demand for the fireproof insulation.

However, lack of awareness about the fireproof insulation hinders the market growth during the forecast period.

Key Players

  • BASF SE
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
  • Knauf Insulation GmbH
  • Rockwool International A/S
  • Owens Corning Corporation
  • Saint-Gobain S.A.
  • Berkshire Hathaway, Inc
  • Paroc Oy

 


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