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Fireproof Insulation Market to Hit USD 2.59 Billion by 2027

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Fireproof Insulation Market to Hit USD 2.59 Billion by 2027

December 06
13:53 2021
The fireproof insulation market in APAC is expected to grow at the highest CAGR during the forecast period. The growth of the market in this region is mainly attributed to a large population in the region has been posing high demand for the commercial and residential construction.

According to our latest market study on “Fireproof Insulation Market to 2027 – COVID-19 Impact and Global Analysis and Forecast – by Material (Glass Wool, Mineral Wool, Plastic Foam, Fiberglass, Polyurethane Foam, and Others), End User (Commercial and Residential), and Geography” the market was valued at US$ 2.02 billion in 2019 and is projected to reach US$ 2.59 billion by 2027.

Strategic Insights

Report Coverage

Details

Market Size Value in

US$ 5,916.6 Million in 2019

Market Size Value by

US$ 11,001.4 Million by 2027

Growth rate

CAGR of 8.2% from 2020-2027

Forecast Period

2020-2027

Base Year

2020

No. of Pages

166

No. Tables

56

No. of Charts & Figures

75

Historical data available

Yes

Segments covered

Materials , End Users , and Geography

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

 

Get Exclusive Sample Pages of Fireproof Insulation Market at https://www.theinsightpartners.com/sample/TIPMC00002740/

Fireproof insulation material assists in reducing the damage caused by fire. The fireproof insulation materials are available in five forms—foam; chopped fibers; board or block insulation; fibrous mats; and textiles, films, and foils. The resistance of each form depends on the material from which it is made. The demand for fireproof insulation products is high in the residential sector owing to the strict building standards related to fire protection and increasing residential construction activity. However, the popularity of fireproof insulation is growing significantly in the commercial sector due to the increasing focus on ensuring fire safety. Moreover, the construction and retrofitting activities are growing significantly in the developed as well as developing economies, which are expected to have a positive impact on the fireproof insulation market.

Use of Fireproof Insulation for Commercial Projects to Grow at Lucrative Rate

The commercial sector consists of complexes, office buildings, and industries. In commercial properties, the insulation is utilized for ducts, storage tanks, fluid lines, and pipes. Increasing urbanization is leading the government to invest in the construction industry, which is propelling the number of construction projects for commercial buildings. Rising number of commercial projects is supporting the development of fireproof insulation market in the region. For instance, Russia has built more than a dozen airports across the country in the last decade. Demand for technologically advanced solutions in airport construction has paved the growth path for thermal insulators, including fireproof insulation solutions. This factor has been positively influencing the fireproof insulation market.

Impact of COVID-19 on Fireproof Insulation Market:

According to the World Health Organization (WHO) report, the US, Brazil, India, and Russia, are some of the worst affected countries due to the COVID-19 outbreak. The coronavirus outbreak has created multiple challenges for the construction and engineering sector. The pandemic came at a time when the construction industry was already dealing with various challenges, such as lack of credit, fraud, and regulatory burdens. The spread of this pandemic has resulted in the halt of new construction and repair and maintenance activities, which has hampered the growth of the construction and engineering industry globally. Since the growth of the fireproof insulation market is directly dependent on the construction sector, a decline in the construction industry might negatively affect the growth of the fireproof insulation market.

Download the Latest COVID-19 Analysis on Fireproof Insulation Market Growth Research Report at https://www.theinsightpartners.com/covid-analysis-sample/TIPMC00002740/

Fireproof Insulation Market: By Material

Based on material, the fireproof insulation market is bifurcated into glass wool, mineral wool, plastic foam, fiberglass, polyurethane foam, and others. The glass wool segment accounted for a larger market share in 2019. Glass wool is made from recycled glass and fused sand, such as soda ash, limestone, and sand, which helps in trapping air and blocking heat, noise, and cold. This property of this material is embraced of lightweight, pest-proof, and flexible, due to which it is widely used in electrical and thermal insulation purpose in buildings. The material is spread in an attic to balance temperature inside the building. Glass wool absorbs sonic energy and is utilized to enhance the acoustic performance of ceilings, walls, roofs, and floors. The fiber of glass wool is noncombustible and is therefore used as acoustic or thermal insulation. As this material is made of recycled materials, including glass, slag, and other industrial by-products, it offers greater sustainability.

Fireproof Insulation Market: Competitive Landscape and Key Developments

Leading players operating in the fireproof insulation market include Saint Gobain S.A., BASF SE, Johns Manville, Kingspan Group PLC, Lloyd Insulations (India) Limited, Owens Corning, ROCKWOOL International A/S, U.P. Twiga Fiberglass Limited, Knauf Insulation GmbH, and L’ISOLANTE K-FLEX S.P.A.

Order a Copy of Fireproof Insulation Market Shares, Strategies and Forecasts 2020-2027 Research Report at https://www.theinsightpartners.com/buy/TIPMC00002740/

Browse Related Reports 

Bulk Molding Compound (BMC) Market Forecast to 2027 – COVID-19 Impact and Global Analysis by Resin Type (Polyester, Vinyl Resin, and Others), Fiber Type (Glass Fiber and Carbon Fiber), and Application (Electrical Industry, Automotive Industry and Others), and Geography

Healthcare Workwear Market Forecast to 2027 – COVID-19 Impact and Global Analysis by Product (Coveralls, Gowns, and Others), and End-Use (Hospitals, Home Healthcare, Outpatient/Primary Care Facilities, and Others)

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials. 

Strategic Insights

 

Report Coverage

Details

Market Size Value in

US$ 5,916.6 Million in 2019

Market Size Value by

US$ 11,001.4 Million by 2027

Growth rate

CAGR of 8.2% from 2020-2027

Forecast Period

2020-2027

Base Year

2020

No. of Pages

166

No. Tables

56

No. of Charts & Figures

75

Historical data available

Yes

Segments covered

Materials , End Users , and Geography

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

 

Get Exclusive Sample Pages of Fireproof Insulation Market at https://www.theinsightpartners.com/sample/TIPMC00002740/

 

Fireproof insulation material assists in reducing the damage caused by fire. The fireproof insulation materials are available in five forms—foam; chopped fibers; board or block insulation; fibrous mats; and textiles, films, and foils. The resistance of each form depends on the material from which it is made. The demand for fireproof insulation products is high in the residential sector owing to the strict building standards related to fire protection and increasing residential construction activity. However, the popularity of fireproof insulation is growing significantly in the commercial sector due to the increasing focus on ensuring fire safety. Moreover, the construction and retrofitting activities are growing significantly in the developed as well as developing economies, which are expected to have a positive impact on the fireproof insulation market.

 

Use of Fireproof Insulation for Commercial Projects to Grow at Lucrative Rate

 

The commercial sector consists of complexes, office buildings, and industries. In commercial properties, the insulation is utilized for ducts, storage tanks, fluid lines, and pipes. Increasing urbanization is leading the government to invest in the construction industry, which is propelling the number of construction projects for commercial buildings. Rising number of commercial projects is supporting the development of fireproof insulation market in the region. For instance, Russia has built more than a dozen airports across the country in the last decade. Demand for technologically advanced solutions in airport construction has paved the growth path for thermal insulators, including fireproof insulation solutions. This factor has been positively influencing the fireproof insulation market.

 

Impact of COVID-19 on Fireproof Insulation Market:

 

According to the World Health Organization (WHO) report, the US, Brazil, India, and Russia, are some of the worst affected countries due to the COVID-19 outbreak. The coronavirus outbreak has created multiple challenges for the construction and engineering sector. The pandemic came at a time when the construction industry was already dealing with various challenges, such as lack of credit, fraud, and regulatory burdens. The spread of this pandemic has resulted in the halt of new construction and repair and maintenance activities, which has hampered the growth of the construction and engineering industry globally. Since the growth of the fireproof insulation market is directly dependent on the construction sector, a decline in the construction industry might negatively affect the growth of the fireproof insulation market.

 

Download the Latest COVID-19 Analysis on Fireproof Insulation Market Growth Research Report at https://www.theinsightpartners.com/covid-analysis-sample/TIPMC00002740/

 

Fireproof Insulation Market: By Material

 

Based on material, the fireproof insulation market is bifurcated into glass wool, mineral wool, plastic foam, fiberglass, polyurethane foam, and others. The glass wool segment accounted for a larger market share in 2019. Glass wool is made from recycled glass and fused sand, such as soda ash, limestone, and sand, which helps in trapping air and blocking heat, noise, and cold. This property of this material is embraced of lightweight, pest-proof, and flexible, due to which it is widely used in electrical and thermal insulation purpose in buildings. The material is spread in an attic to balance temperature inside the building. Glass wool absorbs sonic energy and is utilized to enhance the acoustic performance of ceilings, walls, roofs, and floors. The fiber of glass wool is noncombustible and is therefore used as acoustic or thermal insulation. As this material is made of recycled materials, including glass, slag, and other industrial by-products, it offers greater sustainability.

 

Fireproof Insulation Market: Competitive Landscape and Key Developments

 

Leading players operating in the fireproof insulation market include Saint Gobain S.A., BASF SE, Johns Manville, Kingspan Group PLC, Lloyd Insulations (India) Limited, Owens Corning, ROCKWOOL International A/S, U.P. Twiga Fiberglass Limited, Knauf Insulation GmbH, and L’ISOLANTE K-FLEX S.P.A.

 

Order a Copy of Fireproof Insulation Market Shares, Strategies and Forecasts 2020-2027 Research Report at https://www.theinsightpartners.com/buy/TIPMC00002740/

 

Browse Related Reports and get Sample copy

 

Bulk Molding Compound (BMC) Market Forecast to 2027 – COVID-19 Impact and Global Analysis by Resin Type (Polyester, Vinyl Resin, and Others), Fiber Type (Glass Fiber and Carbon Fiber), and Application (Electrical Industry, Automotive Industry and Others), and Geography

 

Healthcare Workwear Market Forecast to 2027 – COVID-19 Impact and Global Analysis by Product (Coveralls, Gowns, and Others), and End-Use (Hospitals, Home Healthcare, Outpatient/Primary Care Facilities, and Others)

 

About Us:

 

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Media Contact
Company Name: The Insight Partners
Contact Person: Sameer Joshi
Email: Send Email
Phone: +1-646-491-9876
City: Pune
State: Maharashtra
Country: India
Website: http://www.theinsightpartners.com/pr/fireproof-insulation-market

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