Global Fireproof Insulation Market, By Material (Glass Wool, Stone Wool, Plastic Foam, Fiberglass, Cellulose, Mineral Wool, Rock Wool, Slag Wool, Polystyrene, Polyurethane Foam, Others), End Users (Residential Buildings, Commercial Buildings, Marine and Offshore, Industrial Building and Construction), Application (Walls and Partitions, Cable Lines, Piping, Air Ducts, Storage Tanks, Supporting Structures) – Industry Trends and Forecast to 2029.
Global Fireproof Insulation Market Analysis and Size
The market for fireproof insulation has seen tremendous increase in recent years. Construction activity in the residential and non-residential sectors has immensely surged, which further results in market growth. As a result of growing awareness about fire protection, the global market for fireproof insulation is expected to grow fast.
- Global Fireproof Insulation Market was valued at USD 23.30 billion in 2021 and is expected to reach USD 33.51 billion by 2029, registering a CAGR of 4.70% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Global Fireproof Insulation Market Definition
The fireproof insulating materials help to decrease equipment damage from fire by retarding heat energy. Ceramic fibers or minerals bound with high-temperature inorganic binders are used as fire insulation materials. The blanket-like insulation material is made from recycled materials. It is used to defend against fire in construction, electronics, and industrial devices.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Material (Glass Wool, Stone Wool, Plastic Foam, Fiberglass, Cellulose, Mineral Wool, Rock Wool, Slag Wool, Polystyrene, Polyurethane Foam, Others), End Users (Residential Buildings, Commercial Buildings, Marine and Offshore, Industrial Building and Construction), Application (Walls and Partitions, Cable Lines, Piping, Air Ducts, Storage Tanks, Supporting Structures)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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BASF SE (Germany), Dupont (U.S.), Rockwool International A/S (Denmark), Owens Corning (U.S.), The Chemours Company (U.S.), Saint-Gobain S.A. (France), Paroc Group (Finland), Kingspan Group (Ireland), Knauf Insulation (U.S.), DAIKIN (Japan), GAF (U.S.), SOLVAY (Belgium), Saint-Gobain (France), Beijing New Building Material (Group) Co., Ltd., (China), BAUCOMEX CZ, s.r.o. (Czechia) and Beijing New Building Material Co., Ltd. (China)
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Market Opportunities
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Fireproof Insulation Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
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Increased Demand Across End Users
Fireproof insulation blankets are used to protect machinery, valves, and flanges against fire in the oil and gas and nuclear sectors. Furthermore, increased demand for chemical-based products such as paints and coatings, surfactants, lubricants, and adhesives is a major driver of the oil and gas industry's expansion.
The rapidly expanding industrialization has driven the oil and gas industry will further propel the growth rate of fireproof insulation market. Additionally, the increased focus on fire safety combined with the growing fire accidents leading to loss of property and life will also drive market value growth. The increasing efforts by governments and several private organizations worldwide to reduce greenhouse gasses emissions are projected to bolster the growth of the market.
Opportunities
- Stringent Codes and Increased Manufacturing Capacity
Furthermore, the stringent codes for building safety, particularly in developed countries extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the increasing manufacturing capacity to fulfil the growing demands coupled with the rising awareness about the benefits of fireproof insulation will further expand the future growth of the fireproof insulation market.
Restraints/Challenges Global Fireproof Insulation Market
- Low Awareness
Small and medium-sized enterprises, especially in developing countries, are unaware of the benefits of fireproof insulation, which is limiting market expansion. The dearth of knowledge about the necessity for fireproof insulation is estimated to create hindrances for the growth of the fireproof insulation market.
- Effects of COVID-19
Also, the COVID-19 outbreak's health consequences is anticipated to be a demerit for the fireproof insulation market. Therefore, this will challenge the fireproof insulation market growth rate.
This fireproof insulation market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the fireproof insulation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Fireproof Insulation Market
The recent outbreak of coronavirus had a negative impact on the fireproof insulation market. The severe disruptions in various manufacturing as well as the supply-chain operations due to the various precautionary lockdowns imposed by governments to curb the spread of disease led to huge financial setback for the market.
Furthermore, the building and engineering industries have faced numerous obstacles as a result of the coronavirus pandemic. The epidemic struck at a time when the construction industry was already grappling with issues like credit shortages, fraud, and regulatory restrictions. As a result of the pandemic's spread, new construction and repair and maintenance activities have come to a halt, hampering the construction and engineering industry's global expansion. Because the building industry is directly related to the growth of the fireproof insulation market, a fall in the construction industry could have a negative impact on the market's growth..
Global Fireproof Insulation Market Scope
The fireproof insulation market is segmented on the basis of material, end users and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Material
- Glass Wool
- Stone Wool
- Plastic Foam
- Fiberglass
- Cellulose
- Mineral Wool
- Rock Wool
- Slag Wool
- Polystyrene
- Polyurethane Foam
- Others
On the basis of material, the fireproof insulation market has been segmented into glass wool, stone wool, plastic foam, fiberglass, cellulose, mineral wool, rock wool, slag wool, polystyrene, polyurethane foam and other.
End Users
- Residential Buildings
- Commercial Buildings
- Marine and Offshore
- Industrial Building and Construction
The fireproof insulation market has also been segmented on the basis of form into grease and oil.
Application
- Walls and Partitions
- Cable Lines
- Piping
- Air Ducts
- Storage Tanks
- Supporting Structures
On the basis of application, the fireproof insulation market is segmented into walls and partitions, cable lines, piping, air ducts, storage tanks and supporting structures.
Fireproof insulation Market Regional Analysis/Insights
The fireproof insulation market is analysed and market size insights and trends are provided by country, material, end users and application as referenced above.
The countries covered in the fireproof insulation market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the fireproof insulation market because of the high consumption of fireproof insulation products in the region’s oil and gas industry coupled with the increase in the number of food manufacturing companies, within the region.
Asia-Pacific on the other hand, is estimated to show lucrative growth during the forecast period of 2022 to 2029 due to the increasing environmental concerns pertaining to emissions of greenhouse gasses along with the surging government initiatives towards building safety within the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Fireproof insulation Market Share Analysis
The fireproof insulation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to fireproof insulation market.
Some of the major players operating in the fireproof insulation market are
- BASF SE (Germany)
- Dupont (U.S.)
- Rockwool International A/S (Denmark)
- Owens Corning (U.S.)
- The Chemours Company (U.S.)
- Saint-Gobain S.A. (France)
- Paroc Group (Finland)
- Kingspan Group (Ireland)
- Knauf Insulation (U.S.)
- DAIKIN (Japan)
- GAF (U.S.)
- SOLVAY (Belgium)
- Saint-Gobain (France)
- Beijing New Building Material (Group) Co., Ltd., (China)
- BAUCOMEX CZ, s.r.o. (Czechia)
- Beijing New Building Material Co., Ltd. (China)
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