Fireproof Insulation Market is Predicted to Grow at Approximately 4.5% of CAGR by 2023

Market Highlights

Fireproof insulation is an insulating material that is prepared with the help of a fire retardant material. Fireproof insulations are usually employed to tackle and encounter the dispersion of flames when situations such as fire disaster occur. The demand of the market is driven by the increasing government regulation to reduce the greenhouse gasses emissions as well as it is driven by the lower cost of installation. However, the lack of awareness is the restraint to the growth of the market.

The Global Fireproof Insulation Market was valued at USD 18.05 Billion in 2015, and is projected to grow at a CAGR of 4.5% during the forecast period.

Key Players

The key players of Fireproof Insulation Market are:

• 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)
• Paroc Group Oy (Finland)
• Arango Insulation (U.S.)
• Airkrete Inc. (U.S.)
• ROXUL Inc. (Canada).

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Market Research Analysis

On the basis of regions, global fireproof insulation market is segmented as North America, Europe, Asia-Pacific, and Rest of the World (RoW). European region dominates global fireproof insulation market. Building safety codes in countries such as U.K., Germany, and France are driving the demand of the market in the region. Increasing government regulation to reduce greenhouse gasses emissions is also fuelling the demand of the market in this region.

Asia-Pacific region is expected to be the fastest growing market during the forecast period mainly due to rapid growth in construction industry in countries such as China, and India.

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Scope of the Report

This study provides an overview of the global fireproof insulation market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global fireproof insulation market by its type, end user and region.

• By Materials

o Mineral Wool
o Plastic foam
o Glass wool
o Cellulose
o Others

• By Application

o Residential Buildings
o Commercial Buildings
o Industrial Buildings

• By Region

o North America
o Asia Pacific
o Europe
o Rest of the World

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This release was published on openPR.