According to Stratview Research’s latest report, titled “Fireproof Insulation Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2028”, the Fireproof Insulation Market is segmented by Material Type (Fiberglass, Mineral Wool, Cellulose, Polystyrene [Expanded Polystyrene and Extruded Polystyrene], and Polyurethane), by Application Type (Residential and Non-residential), and by Region (North America, Europe, Asia-Pacific, and the Rest of the World). This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the Fireproof Insulation Market.

Market Insights

According to analysts, 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.

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.

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s

Fireproof Insulation Market realities and future market possibilities for the forecast period of 2022 to 2028. The report segments and analyses the market in the most detailed manner in order to provide a panoramic view of the market.

The vital data provided in the report can play a vital role in assisting market participants and investors in identifying low-hanging fruits available in the market as well as developing growth strategies to accelerate their growth process.

Segments Analysis

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.

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. 

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.

The list of Key Players in the report are -

The market for Fireproof Insulation is gradually consolidating with major companies that are performing mergers & acquisitions to quickly gain the leading position and to tap the growing opportunities in this briskly expanding market.

Some of the major key players in the Fireproof Insulation Market are listed below.

• 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.

Report Features -

This market report includes the following features –

-        Market structure: Overview, industry life cycle analysis, supply chain analysis.

-        Market environment analysis: Growth drivers and constraints.

-        Market trend and forecast analysis.

-        Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, M&As etc.

-        Attractive market segments and associated growth opportunities.

-        Emerging trends.

Custom Research:

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