Global Fireproof insulation Market

Fireproof Insulation Market Size, Share, Growth Analysis, By Material Type(Fiberglass, mineral wool, cellulose, polystyrene and polyurethane), By Application(Residential and Non-residential), By Region - Industry Forecast 2024-2031


Report ID: SQMIG20C2048 | Region: Global | Published Date: April, 2024
Pages: 202 |Tables: 62 |Figures: 77

Fireproof Insulation Market Insights

Global Fireproof Insulation Market size was valued at USD 24.40 Billion in 2022 and is poised to grow from USD 25.55 Billion in 2023 to USD 36.89 Billion by 2031, at a CAGR of 4.7% during the forecast period (2024-2031).

The global fireproof insulation market is driven by the increasing focus on fire safety measures, stringent building regulations, and the growing construction industry worldwide. The market is characterized by a wide range of materials used for fireproof insulation, including mineral wool, fiberglass, cellulose, foam insulation (such as polyurethane and polystyrene), and other specialty materials. These materials offer varying degrees of fire resistance, thermal insulation, and other properties to meet different application requirements. The global fireproof insulation market is driven by factors such as the construction boom, stringent regulations, increasing awareness of fire protection, technological advancements, and the need for sustainable solutions. The market is expected to witness steady growth as fire safety continues to be a priority across various industries and regions.

US Fireproof Insulation Market is poised to grow at sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 24.40 Billion

Largest Segment

mineral wool

Fastest Growth

mineral wool

Growth Rate

4.7% CAGR

Global Fireproof Insulation Market ($ Bn)
Country Share for North America Region (%)

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Fireproof Insulation Market Segmental Analysis

The global fireproof insulation market is segmented on the basis of material type, application type, and region. By material type, the market is segmented into fiberglass, mineral wool, cellulose, polystyrene and polyurethane. By application type, the market is segmented into residential and non-residential. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Fireproof insulation Market Analysis By Material Type

In the global fireproof insulation market, mineral wool (also known as rock wool) is considered one of the dominant material types. It has been widely used in various applications due to its excellent fire resistance, thermal insulation properties, and versatility. Mineral wool is commonly used in both residential and commercial buildings to provide effective fire protection.

As for the fastest-growing material type in the market, it is difficult to pinpoint a single material due to the dynamic nature of the industry and varying growth rates across regions. However, some materials have shown significant growth potential in recent years. For example, the use of foam insulation materials, such as polyurethane and polystyrene, has been growing rapidly due to their excellent thermal insulation properties and fire-resistant characteristics. These materials offer versatility in terms of application and are increasingly adopted in various sectors.

Fireproof insulation Market Analysis By Application

The market is divided into two application segments: residential and non-residential. The residential segment is expected to emerge as the dominant sector, propelled by stringent safety regulations and energy efficiency standards imposed globally on residential structures. Additionally, in developed nations, the aging infrastructure and rising investments in renovation projects have contributed to the adoption of fireproof insulation, thereby driving growth in this segment throughout the forecast period.

Global Fireproof Insulation Market By Material Type, 2023 (%)

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Fireproof Insulation Market Regional Insights

The fireproof insulation market is predominantly led by North America, primarily due to the extensive utilization of fireproof insulation products in the region's oil and gas industry. Additionally, the presence of a substantial number of food manufacturing companies further contributes to the high consumption of fireproof insulation products in this region.

On the other hand, the Asia-Pacific region is projected to experience significant growth in the fireproof insulation market from 2023 to 2030. This growth can be attributed to the escalating environmental concerns regarding greenhouse gas emissions and the increasing focus of regional governments on enhancing building safety measures. These factors are driving the demand for fireproof insulation products in the Asia-Pacific region, making it an attractive and lucrative market during the forecast period.

Global Fireproof Insulation Market By Region, 2024-2031
  • Largest
  • Fastest

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Fireproof Insulation Market Dynamics

Fireproof insulation Market Drivers

  • Strict Government Regulations

The construction sector is experiencing significant growth due to strict government regulations and growing environmental concerns related to reducing greenhouse gas emissions, as well as the affordability of fireproof insulation materials. The global fireproof insulation market is benefiting from the concerted efforts of governments and private organizations worldwide to address climate change. Developed countries, in particular, are witnessing increased adoption of fireproof insulation materials due to stringent building safety codes. Additionally, the market is being propelled by the affordability of these insulation materials, as well as the availability of rebates and tax credits provided by various governments globally.

Fireproof insulation Market Restraints

Challenges

  • In developing countries, there is a lack of awareness among small and medium-sized enterprises regarding the advantages provided by fireproof insulation. This limited awareness hinders the growth of the fireproof insulation market. Additionally, the sluggish growth of the construction sector in Europe negatively affects the overall market. However, there is optimism for the future as developing countries are projected to gain prominence due to an increasing emphasis on fire safety.

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Fireproof Insulation Market Competitive Landscape

The market is highly competitive in nature, with numerous companies vying for market share. The companies are focused on various strategies to gain a competitive edge, such as product innovation, strategic partnerships, and expansions. Players in the market emphasize research and development to introduce advanced and sustainable insulation products. They invest in technological advancements and continuously introduce innovative solutions to meet market demands. Additionally, companies focus on factors like product quality, pricing, brand reputation, distribution network, and customer service to stay ahead in the competition. The market's competitive landscape is not limited to global players but also includes regional and local companies that cater to specific markets or niches. This dynamic competition drives the industry's growth and fosters innovation in the fireproof insulation market.

Fireproof insulation Market Top Player’s Company Profile

  • ROXUL Inc. – Canada
  • ROCKWOOL International – Denmark
  • Combi Isolatie Tholen – Netherlands
  • Refractory Specialties Incorporated – US
  • Airkrete – US
  • Arango Insulation – US
  • Knauf Insulation – Germany
  • Uralita – Spain
  • Rockwool International A/S – Denmark
  • Recticel – Belgium
  • Kingspan Group plc. – Ireland
  • Saint-Gobain S.A. – France
  • BASF SE – Germany
  • Berkshire Hathaway Inc. – US
  • Paroc Group OY – Finland
  • Owens Corning Corporation – US
  • GAF – US
  • Beijing New Building Material Co., Ltd – China
  • Knauf Insulation GmbH - Germany

Fireproof insulation Market Recent Developments

  • November 2023 The use of fireproof insulating materials in buildings is the subject of new legislation that the European Commission has indicated it is planning to propose. The rules are intended to safeguard the environment and lower the possibility of building fire damage.

  • March of 2023 Rockwell Automation, Inc., the largest company in the world focused on digital transformation and industrial automation, acquired Knowledge Lens. In order to provide valuable business insights from corporate data, Knowledge Lens, a Bengaluru, India-based services and solutions company, integrates digital technologies with deep data science, artificial intelligence (AI), and engineering skills. Knowledge Lens will work with Kalypso, the top provider of digital services for Rockwell, to help more manufacturers across the globe achieve breakthrough outcomes more quickly.

  • In January 2023, Team Rubicon and DuPont personal protection announced an expanded partnership.

Fireproof Insulation Key Market Trends

  • Increasing Focus on Fire Safety: With growing awareness and stringent regulations regarding fire safety, there is a rising demand for fireproof insulation to prevent the spread of flames and enhance building safety.
  • Adoption of Energy-efficient Solutions: Fireproof insulation materials that also offer high thermal insulation properties are gaining popularity due to the emphasis on energy efficiency in buildings. These materials help in reducing heat transfer and improving energy conservation.
  • Growing Preference for Sustainable Materials: Environmentally-friendly and sustainable fireproof insulation materials, such as recycled or bio-based options, are gaining traction. This trend is driven by the increasing emphasis on sustainability and eco-conscious construction practices.
  • Technological Advancements: The industry is witnessing technological advancements in fireproof insulation, such as the development of innovative materials and improved manufacturing processes. These advancements aim to enhance insulation performance, durability, and ease of installation.

Fireproof Insulation Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global fireproof insulation market analysis, increased construction activities in both residential and non-residential sectors are primary drivers. This surge in construction has led to a corresponding growth in the market for fireproof insulation. Moreover, the rising awareness about the importance of fire protection has further fuelled the global demand for fireproof insulation. The market report, compiled by the Data Bridge Market Research team, provides comprehensive insights through expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario evaluation.

Report Metric Details
Market size value in 2023 USD 24.40 Billion
Market size value in 2031 USD 36.89 Billion
Growth Rate 4.7%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Material Type
    • Fiberglass, mineral wool, cellulose, polystyrene and polyurethane
  • Application
    • Residential and Non-residential
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • ROXUL Inc. – Canada
  • ROCKWOOL International – Denmark
  • Combi Isolatie Tholen – Netherlands
  • Refractory Specialties Incorporated – US
  • Airkrete – US
  • Arango Insulation – US
  • Knauf Insulation – Germany
  • Uralita – Spain
  • Rockwool International A/S – Denmark
  • Recticel – Belgium
  • Kingspan Group plc. – Ireland
  • Saint-Gobain S.A. – France
  • BASF SE – Germany
  • Berkshire Hathaway Inc. – US
  • Paroc Group OY – Finland
  • Owens Corning Corporation – US
  • GAF – US
  • Beijing New Building Material Co., Ltd – China
  • Knauf Insulation GmbH - Germany
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Fireproof Insulation Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Fireproof Insulation Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Fireproof Insulation Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Fireproof Insulation Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Fireproof Insulation Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Fireproof Insulation Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Fireproof Insulation Market size was valued at USD 24.40 Billion in 2022 and is poised to grow from USD 25.55 Billion in 2023 to USD 36.89 Billion by 2031, at a CAGR of 4.7% during the forecast period (2024-2031).

The market is highly competitive in nature, with numerous companies vying for market share. The companies are focused on various strategies to gain a competitive edge, such as product innovation, strategic partnerships, and expansions. Players in the market emphasize research and development to introduce advanced and sustainable insulation products. They invest in technological advancements and continuously introduce innovative solutions to meet market demands. Additionally, companies focus on factors like product quality, pricing, brand reputation, distribution network, and customer service to stay ahead in the competition. The market's competitive landscape is not limited to players but also includes regional and local companies that cater to specific markets or niches. This dynamic competition drives the industry's growth and fosters innovation in the fireproof insulation market. 'CSR Building Products Ltd – Australia', 'BAUCOMEX CZ - Czech Republic', 'Jewson Limited – UK', 'ROXUL Inc. – Canada', 'ROCKWOOL International – Denmark', 'Combi Isolatie Tholen – Netherlands', 'Refractory Specialties Incorporated – US', 'Airkrete – US', 'Arango Insulation – US', 'Knauf Insulation – Germany', 'Uralita – Spain', 'Rockwool International A/S – Denmark', 'Recticel – Belgium', 'Kingspan Group plc. – Ireland', 'Saint-Gobain S.A. – France', 'BASF SE – Germany', 'Berkshire Hathaway Inc. – US', 'Paroc Group OY – Finland', 'Owens Corning Corporation – US', 'GAF – US', 'Beijing New Building Material Co., Ltd – China', 'Knauf Insulation GmbH - Germany'

Strict Government Regulations

Increasing Focus on Fire Safety: With growing awareness and stringent regulations regarding fire safety, there is a rising demand for fireproof insulation to prevent the spread of flames and enhance building safety.

The fireproof insulation market is predominantly led by North America, primarily due to the extensive utilization of fireproof insulation products in the region's oil and gas industry. Additionally, the presence of a substantial number of food manufacturing companies further contributes to the high consumption of fireproof insulation products in this region.

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Global Fireproof insulation Market

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