Fireproof Insulation Market Report - Forecast till 2030

Fireproof Insulation Market Research Report: Information by Material (Mineral Wool, Plastic Foam, Glass Wool, and Others), Application (Residential, Commercial, Industrial, Others), and Region (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) and Forecast till 2030

ID: MRFR/CnM/2098-HCR | February 2023 | Region: Global | 111 Pages         

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Fireproof Insulation Market

The Fireproof Insulation Market is projected to surpass USD 20.22 billion by 2020 and expected to register a CAGR of over 4.21% during the review period (2022-2030).

Segmentation
By Material Mineral Wool Plastic Foam Glass Wool Others
Application Residential Commercial Industrial Others
Key Players
Companies Profiled   BASF SE (Germany)   Rockwool International A/S (Denmark)   Owens Corning Corporation (US)   Saint-Gobain S.A. (France)   Paroc Group (Finland)   Knauf Insulation (US)   GAF (US)   Knauf Insulation (Serbia)   Beijing New Building Material Co. Ltd. (China)
Drivers
Market Driving Forces   Rising demand for chemical-based products in paints & coatings   Surfactants   Lubricants   Adhesives
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Fireproof Insulation Market Overview: The Fireproof Insulation Market is projected to surpass USD 20.22 billion by 2018 and expected to register a CAGR of over 4.21% during the review period. Fireproof insulations are used in battling the wide of flames in the scenario of fire and are an aid to safeguard the buildings and infrastructures or to protect human lives. They help in minimizing the exhaustion of heat and hence maintaining and monitoring the temperature capacity and power consumption. Hence, the international market for fireproof insulation is assured to rise at a profitable rate, due to the raising concerns about power conservation. Some of the factors that are common to processed elements in fireproof insulations are polyurethane foam, fiberglass, cellulose, polystyrene, and mineral wool.  These insulations are utilized in industrial, commercial buildings and, residential. Fiberglass product is a cost-effective insulation element as compared to traditional material types. The market for Fireproof insulation is raising due to its demand and which is used in the construction sector and could be further segmented as industrial, residential, and commercial. It is also used to boost the safety and security of naval ships. The market analysis provides a comprehensive summary of the factors influencing the fireproof insulation market and the expansion to which they impact positively throughout the forecast period. This material offers powerful resistance against the crucial accident made with fire. This element secures human lives as well as protects the assets. The other major factor that increases the growth of the fireproof insulation market is a forest fire. It’s a vital concern that gradually raises the market for fireproof insulation. 

Key Players



  • BASF SE (Germany)

  • Rockwool International A/S (Denmark)

  • Owens Corning Corporation (US)

  • Saint-Gobain S.A. (France)

  • Paroc Group (Finland)

  • Knauf Insulation (US)

  • GAF (US)

  • Knauf Insulation (Serbia)

  • Beijing New Building Material Co., Ltd. (China).


Global Fireproof Insulation Market Share, by Application Industry, 2018 (%) Fireproof Insulation Market Share Source: MRFR analysis Regional Analysis


The global fireproof insulation market has been studied across five key regions, namely, Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.


In North America, the US is the largest oil and gas producing country. The high risk of fire in oil and gas plants has surged the consumption of fireproof insulation products in the region’s oil & gas industry. In addition, the US manufacturing industry is booming owing to the increase in the number of food manufacturing companies, which is fueling the need for fireproof insulation materials for industrial machinery and equipment.


The building and construction industry in Asia-Pacific is witnessing phenomenal growth owing to increasing public and private sector investments in residential and commercial construction projects. Moreover, the high demand for fuel in India, China, and Indonesia, among other countries is augmenting oil & gas exploration activities, which is propelling the demand for insulation materials in the region.


Europe, the Middle East & Africa, and Latin America are expected to witness healthy growth, owing to the increasing application of fire protection insulation material in building & infrastructures and energy plants during the assessment period.


Market Segmentation


The global fireproof insulation market has been segmented based on materials, application, and region. Based on material, the global fireproof insulation market is segmented into mineral wool, plastic foam, glass wool, and others. Glass wool is the most preferred material for manufacturing fireproof insulation products owing to a wide range of thermal and mechanical properties. The global fireproof insulation market is segmented, by application, into residential, commercial, and industrial buildings. The residential segment is expected to grow at 4.1% CAGR due to the rapidly increasing global population and urbanization, which is increasing the need for residential buildings.Recent Development


Installed Building materials is one of the highest modern installers of residential insulation in the region of America and provides products and services & solutions for fireproofing, stopping the fire, waterproofing the asset and lives, and others. In addition, the firm has a sturdy pipeline of gaining opportunities over multiple regions, end markets, and products. In the year 2019, Installed Building Products, PVT Ltd., located in the United States, a business-leading insulation installer and another beneficial building product, declared the acquisition of a United States-based distributor of spray foam and installation services of fiberglass insulation and Gulf Coast Insulation. The assumption aligns with the firm’s key growth schemes.

Intended Audience



  • Fireproof insulation manufacturers

  • Traders and distributors of fireproof insulation materials

  • Research and development institutes

  • Potential investors

  • Raw material suppliers



Report Scope:

Report Attribute/Metric Details
  Market Size

  • 2018: USD 20.22 Billion
  • 2030: Significant Value
  •   CAGR   4.21% (2022-2030)
      Base Year   2021
      Forecast Period   2022-2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Materials and Application
      Geographies Covered   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Key Vendors   BASF SE (Germany), Rockwool International A/S (Denmark), Owens Corning Corporation (US), Saint-Gobain S.A. (France), Paroc Group (Finland), Knauf Insulation (US), GAF (US), Knauf Insulation (Serbia), and Beijing New Building Material Co., Ltd. (China)
      Key Market Opportunities   oil and gas production and extraction activities in regions
      Key Market Drivers   rising demand for chemical-based products in paints & coatings, surfactants, lubricants, and adhesives


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    Frequently Asked Questions (FAQ) :

    The fireproof insulation market was valued at USD 20.22 billion in 2018.

    The fireproof insulation market is expected to exhibit a steady 4.21% CAGR over the forecast period from 2022-2030.

    The major drivers for the fireproof insulation market include the growing demand from the oil and gas industry as well as the growing urban construction in developing economies.

    Glass wool is the leading segment by material in the global fireproof insulation market.

    Residential construction is likely to be the leading application segment of the fireproof insulation market over the forecast period.