Global Fireproof Insulation Market – Industry Trends and Forecast to 2030

Fireproof Insulation Market Analysis and Size

Over the last few years, there has been immense growth in the participation in fireproof insulation activities. In addition, with the transition from console toward mobile, the participation in fireproof insulation has surged rapidly. In recent decades, legal fireproof insulation has become a major phenomenon in various countries, including the U.S. The fact that over 80% of American adults bet at least once in their lifetime puts the popularity of fireproof insulation in the country into perspective. Therefore, the market is estimated to grow rapidly over the forecast period.

The fireproof insulation market which was USD 28.01 million in 2022, is expected to reach USD 35.09 million by 2030, and is expected to undergo a CAGR of 4.7% during the forecast period of 2023 to 2030. The construction segment dominates the fireproof insulation market because fireproof insulation materials are primarily used in buildings to enhance fire safety, comply with building codes, and protect lives and property.

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Fireproof Insulation Market Scope and Segmentation

Market Definition

The fireproof insulating materials help to decrease equipment damage from fire by retarding heat energy. Ceramic fibres 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.

Global Fireproof Insulation Market Dynamics

• 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.

• Rising Urbanization and Infrastructure Development

The rapidly expanding industrialization has driven the oil and gas industry will further propel the growth rate of fireproof insulation market. In addition, 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.

Opportunity

• Stringent Codes and Increased Manufacturing Capacity

The stringent codes for building safety, particularly in developed countries extend profitable opportunities to the market players in the forecast period of 2023 to 2030. In addition, 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

• Cost Constraint

Fireproof insulation materials are often more expensive than conventional alternatives, making them less accessible for budget-conscious construction projects. This cost barrier can hinder widespread adoption.

• Environmental Concerns

Some fireproof insulation materials contain chemicals and materials that raise environmental concerns, including potential health risks and contribution to pollution. Regulatory pressure and consumer awareness about eco-friendly options pose challenges for the industry

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

Recent Development

• In September 2022, ROCKWOOL Technical Insulation has introduced its ProRox PS 680 with FR-Tech insulation for pipework systems of various sizes. The next-generation insulation technology provides proven fire resistance to a plant’s piping network – giving operators additional time to stop the spread of a fire and get to a safe location

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 analyse 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

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

Global Fireproof Insulation Market Regional Analysis/Insights

The fireproof insulation market is segmented on the basis of 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 2023 to 2030 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 regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and up-stream 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 company’s 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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