Fireproof Insulation Market Growth Analysis

Market Insights

The fireproof insulation market is estimated at USD 27.66 billion in 2022 and is likely to grow at a CAGR of 3.57% during 2022-2028 to reach USD 34.14 billion in 2028.

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Market Drivers

Building fires are becoming more common, resulting in stricter rules, particularly for commercial and industrial buildings. Insulation materials are used in a variety of industries, including manufacturing, construction, oil platforms, and electronics, all of which are seeing significant market expansion.

Furthermore, the growing population and increased urbanization, particularly in developing economies, are some of the major factors driving the market growth during the forecast period.

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Segments' Analysis

By Material Type

Based on the material type, the market is segmented as fiberglass, mineral wool, cellulose, polystyrene, and polyurethane. Fiberglass is projected to witness a strong growth rate in the market as the material is less expensive than other alternatives, making it more accessible to a wider audience. Additionally, it is a suitable material for an increasing number of DIY consumers given its simplicity of handling and installation. The insulative material is constructed of plastic polymers and has natural fire resistance, this is expected to boost the product demand during the forecast period.

By Application Type

Based on the application type, the market is segmented as residential and non-residential. The residential segment is anticipated to be the leading segment of the market driven by strict safety and energy efficiency rules and norms around the world for residential buildings. Furthermore, in industrialized countries, an aging infrastructure and increased investment in rehabilitation projects have combined to promote the use of fireproof insulation, fueling the segment growth over the forecast period. 

Regional Analysis

In terms of regions, Europe is estimated to be the leading region during the forecast period, as the region's industry expansion is supported by strict building and construction rules. In some circumstances, these regulations also require the use of specific fire-resistant insulating materials, particularly when constructing residential housing units. The market for insulation has already risen due to the increased development of energy-efficient buildings. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

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Market Segmentation

Fireproof insulation materials are non-combustible having limited combustibility. They provide excellent resistance against fire so that the critical structure of the building remains undamaged.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The market is segmented into the following categories.

By Material Type

• Fiberglass
• Mineral Wool
• Cellulose
• Polystyrene
  • Type Analysis: Power Electronics, Battery, Electric Motor, and Controller.
• Polyurethane

By Application Type

• Residential
• Non-residential 

By Region

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the key players in the market are-

• BASF SE
• Rockwool International A/S
• Saint-Gobain
• Knauf Insulation
• Owens Corning
• Kingspan Group plc
• GAF Materials Corporation
• Johns Manville
• Sipla Solutions
• Beijing New Building Material Co., Ltd.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the material types by application type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.