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Fireproof Insulation Market Size

  • Report ID: GMI1295
  • Published Date: Nov 2022
  • Report Format: PDF
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Fireproof Insulation Market Size

Fireproof Insulation Market size surpassed USD 27.5 billion in 2022 and is anticipated to observe over 3.5% CAGR from 2023 to 2032. The considerable rise in construction spending across both developed and developing economies will augment the demand for fire resistant insulation materials.

 

Besides, significant investments made by the governments and authorities in the housing, electricity, and manufacturing sector focused on boosting the urban infrastructure will substantially increase the expenditure on construction projects.

 

Fireproof Insulation Market
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There has been limited awareness about the benefits of fireproof insulation, which may restrict product adoption. However, the increasing construction of energy-efficient buildings backed by stringent regulatory measures and growing environmental awareness will help the industry witness remarkable progress by 2032.

Fireproof Insulation Market Report Attributes
Report Attribute Details
Base Year:2022
Fireproof Insulation Market Size in 2022:USD 27 Billion
Forecast Period:2023 to 2032
Forecast Period 2023 to 2032 CAGR:3.9%
2032 Value Projection:USD 40 Billion
Historical Data for:2018 to 2022
No. of Pages:275
Tables, Charts & Figures:314
Segments covered:Material, Application, and Region
Growth Drivers:
  • Increasing product consumption from the construction industry to drive the market size
  • Increase in construction spending
  • Stringent regulatory compliance related to thermal insulation in commercial and industrial spaces
Pitfalls & Challenges:
  • Lack of awareness
Learn more about the key segments shaping this market
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Authors: Kiran Pulidindi, Hiralkumar Patel

Frequently Asked Questions (FAQ) :

The market size of fireproof insulation surpassed USD 27.5 billion in 2022 and is primed to witness 3.5% CAGR during 2023 to 2032 owing to a significant rise in construction expenditure backed by the burgeoning demand for adequate urban infrastructure.

Polystyrene material segment is expected to cross USD 12.3 billion revenues by 2032, driven by the excellent thermal resistance, compressive strength, and increased ease of use associated with this fireproof insulations type.

The non-residential fireproof insulation segment is poised to attain over 3.5% through 2032 propelled by the increasing infrastructure investments in non-residential construction projects.

The demand for fireproof insulation in Europe is anticipated to observe 3.5% growth rate through 2032 attributed to the expanding sustainable infrastructure and stringent regulatory norms.

Major fireproof insulation industry participants include Knauf Insulation, Saint-Gobain SA, Owens Corning Corporation, GAF, Johns Manville, Rockwool International A/S, Sipla Solutions, Kingspan Group PLC, BASF SE, and Beijing New Building Material Co., Ltd

Fireproof Insulation Market Scope

  • Fireproof Insulation Market Size
  • Fireproof Insulation Market Analysis
  • Fireproof Insulation Market Share

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    Premium Report Details

    • Base Year: 2022
    • Companies covered: 10
    • Tables & Figures: 314
    • Countries covered: 21
    • Pages: 275
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