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Fireproof Insulation Market Projected to Reach 23.79 Billion USD by 2021

08-31-2016 12:14 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MarketsandMarkets.com

Fireproof Insulation Market

Fireproof Insulation Market

The report "Fireproof Insulation Market by Material (Glass Wool, Stone Wool, Plastic Foam & Others), Application (Residential Buildings, Commercial Buildings), Region (North America, Europe, Asia-Pacific, Middle-East & Africa, South America) - Global Forecast to 2021", The global fireproof insulation market is expected to reach USD 23.79 Billion by 2021, at a CAGR of 4.6% from 2016 to 2021.

Key driving factors for the growth of the fireproof insulation market are the growth of the construction industry in emerging economies such as China, India, and Brazil and stringent building codes for fire safety in the developed countries such as the U.S., Canada, and Germany.

Browse 75 market data Tables and 49 Figures spread through 122 Pages and in-depth TOC on "Fireproof Insulation Market - Global Forecast to 2021"
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The residential buildings segment is anticipated to dominate the global fireproof insulation market, by application

The residential building is the largest application segment in the fireproof insulation market. This is mainly attributed to increase in adoption of fire safety regulation in the residential building sector in developing countries, thus increasing the demand for fireproof insulation. Fiber glass, stone wool, foam board, and PUR insulation are the materials majorly used for insulating flat fireproof.

Glass wool is the most commonly used material in the global fireproof insulation market

Glass wool dominates the global fireproof insulation market. Increasing demand from new construction around the globe is driving the growth of this segment. Glass wool is produced in rolls, blankets, slabs, and loose-fill with different thermal and mechanical properties. Glass wool products are capable of providing class 1 and class 0 level of fire safety according to the British Standards. These materials are acoustic, flexible, non-combustible, non-degradable, lightweight, and are not very expensive in comparison to other insulating materials which makes it a widely used insulant material used for fireproof insulation.

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Europe is the most dominant region in the global fireproof insulation market

Europe is the most dominant region in the global fireproof insulation market. It is estimated to witness a comparatively slower growth than other regions as some of the European countries are experiencing the economic downturn, which has significantly impacted the European construction sector. The energy-saving initiatives and continuous modifications in the building regulations have been helpful in supporting the market growth.

Some of the key players operating in the global fireproof insulation market include Rockwool International A/S (Denmark), Knauf Insulation GmbH (Germany), Saint-Gobain S.A. (France), Owens Corning Corporation (U.S.), Berkshire Hathaway, Inc. (U.S.), BASF SE (Germany), and Paroc Oy (Finland).

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals.

Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India.
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com

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