Rockwool International: Rockwool announced its plans to invest approximately USD 431 million in expanding its production capacity in Poland. The investment aims to meet the growing demand for stone wool insulation products in Europe and strengthen Rockwool's position as a leading provider of sustainable insulation solutions.
Owens Corning: Owens Corning announced the launch of its Pure Safetyâ“‡ high-performance insulation in North America. The product is designed to provide fire protection, air quality, and noise control benefits for residential and commercial applications. Owens Corning's Pure Safety insulation is made with at least 65% recycled and renewable content, aligning with the company's commitment to sustainability.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 988
Published Date: May 31, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing construction industry growth is the major factor driving the market growth.
The market size of fireproof insulation is anticipated to attain a CAGR of 10% over the forecast period, i.e., 2023-2035.
The major players in the market are Rockwool International, Owens Cornin, Johns Manville, Knauf Insulation, Saint-Gobain, and others.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by material, end use industry, and by region.
The chemical segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The high cost of installation is estimated to be the growth hindering factor for the market expansion.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.