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The fireproof insulation industry size from the non-residential application is poised to attain 3.5% gains through 2032. The sector growth can be credited to the increasing emphasis on developing a robust commercial and industrial infrastructure, resulting in a surge in non-residential construction projects. According to the Associated Builders and Contractors analysis, the non-residential construction expenditure in the U.S. totaled $859.3 billion for August 2022 on a seasonally adjusted annualized basis.
The Europe fireproof insulation market is set to exceed USD 15.6 billion by 2032 and is projected to register 3.5% growth between 2023 and 2032. The regional industry outlook can be attributed to the spurring construction sector aided by the noticeable surge in new construction, redevelopment, and refurbishment projects. Besides, the region has observed a growing inclination toward sustainable infrastructure underpinned by stringent building and construction codes, which is slated to accelerate business expansion.