Fireproof Insulation Market Forecast to 2023: Key Player: ROCKWOOL International

Posted by Market Research Future on April 2nd, 2018

Market research future published a raw research report on Global fireproof insulation market that contains the information from 2017 to 2023. Fireproof insulation market is expected to grow with the CAGR of approximately 4.5% from 2017 to 2023.

Taste the market data and market information presented through more than 85 market data tables and figures spread in 140 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Fireproof Insulation market Information from 2017 to 2023"

Fireproof insulation is an insulating material that is prepared with the help of a fire retardant material. Fireproof insulation is usually employed to tackle and encounter the dispersion of flames when situations such as a fire disaster occur. Several government initiatives such as rebates and tax credits are fuelling the growth of the market.

The markethas been analyzed based on materials, applications, and regions. On the basis of applications, global fireproof insulation market is segmented as residential buildings, commercial buildings, and industrial buildings, out of which, residential buildings segment dominates the application segment of the global fireproof insulation market. The growing residential sector across the globe along with the rising awareness regarding fire safety regulation driving the demand of fireproof insulation market. The increasing number of townhouses, condominiums, cottages, and apartments, where people spend their much time, is also fuelling the demand of the market. Fireproof insulation is adopted in schools, and hospitals as well.

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

Glass wool dominates the material segment of the market

, On the basis of materials, global fireproof insulation market is segmented as mineral wood, plastic foam, glass wool, cellulose, and others.  Glass wool material dominates the material segment of the global fireproof insulation market mainly due to the properties such as light weight, superior tensile strength, high resilience, ease of use and environment-friendliness of the material. As per British Standards, glass wool products are capable of providing class 0 and class 1 level safety.

Plastic foam is another major fireproof insulation material. It is non-fibrous in nature. It includes polyurethane, phenolic foam, polystyrene and polyisocyanurate. It is used in different forms such as rigid board insulation and spray applied insulation. Hence it is the fastest-growing material segment of the global fireproof insulation market

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v  ROCKWOOL International A/S (Denmark)

v  Knauf Insulation GmbH (Germany)

v  Saint-Gobain S.A. (France)

v  Owens Corning Corporation (U.S.)

v  Berkshire Hathaway, Inc. (U.S.)

v  BASF SE (Germany)

v  Paroc Group Oy (Finland),

v  Arango Insulation (U.S.)

v  Airkrete Inc. (U.S.)

v  ROXUL Inc.(Canada)

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