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Fireproof Insulation Market - Global Industry Analysis and Forecast 2016 – 2024|TMR

News   •   Jan 27, 2017 14:00 EST

Fireproof insulation is an insulating substance made from fire-retardant material. It is employed to protect against fire attacks. It is primarily used in building materials, clothing, and other applications wherein fireproofing is required. Fireproof insulation is made from special materials, which are not used for other normal applications. It is made from standard insulating materials coated with a fireproof layer.

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Based on materials used for making the fireproof insulation, the market for fireproof insulation can be segmented into fiberglass, stone wool, glass wool, plastic foam, polymers, and others. Glass wool is the highly used and trusted material of fireproof insulation. The glass wool segment dominated the market in 2015 and is expected to expand at a steady rate during the forecast period. Glass wool is primarily used in the construction industry. It is produced in the form of rolls, blankets, slabs, and loose-fill with different thermal and mechanical properties. It is acoustic, flexible, non-combustible, non-degradable, and light in weight. It is not expensive in comparison to other insulating materials. The plastic foam segment is expected to be the speedily expanding segment of the global fireproof insulation market, due to properties of plastic foam insulation materials. The plastic foam is available in different types such as polystyrene, polyurethane, polyisocyanurate, and phenolic foam. It is used in various forms such as rigid board insulation and spray-applied insulation. Fiberglass is another material that is used as an incombustible insulation material. It is a unique product. It is in the form of simply spun glass fibers. Glass is melted and spun in a centrifuge with small holes. Stone wool is a furnace product of molten rock. It is a natural material present in large quantities throughout the earth surface. It has mechanical resistance, good thermal performance, and fire safety. It can withstand high temperature. Polymer fireproof insulation is a rubber material. It is used in electronic, aerospace, and other applications. The others segment consists of natural materials used as fireproof insulation.

Based on applications, the fireproof insulation market can be segmented into residential buildings and commercial buildings. Fireproof insulation is primarily observed in commercial buildings such as organizations and industries. These are places that actually require safety against fire. Fireproof insulation is equally important in residential buildings as well. Residential buildings is a major application segment of the fireproof insulation market. This segment dominates the market, owing to stringent building codes and fire safety regulations in developed countries such as the U.S., Russia, and Germany. The dominance is also attributable to rising awareness among people about fire safety and adoption of fire safety regulations by developing countries. Fiberglass and stone wool are highly used fireproof insulation materials.

Asia Pacific dominates the global fireproof insulation market and it was one of the major consumers of fireproof insulation material in 2015. Emerging economies such as China, Indonesia, and India hold a major share of the market in the region, due to the growing construction sector in these countries. Increase in population along with speedy industrialization is anticipated to boost the market in the region. Also, initiatives for energy saving and modifications in building regulations have driven the market in the region.

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

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The regional analysis covers:

-North America (U.S. and Canada)

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