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Fireproof Insulation Market Size

Report ID: GMI1295
Published Date: Nov 2024
Report Format: PDF

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Fireproof Insulation Market Size

The global fireproof insulation market was valued at USD 33.8 billion in 2023 and is estimated to grow at a CAGR of over 3.8% from 2024 to 2032.

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As awareness of environmental issues grows, manufacturers are responding by creating fireproof insulation materials that prioritize both effectiveness and sustainability. Notable innovations in this realm include recyclable cellulose and non-toxic mineral wool. In developed countries, there's a rising trend of retrofitting older buildings to align with contemporary fire safety standards. This movement is driving up the demand for fireproof insulation materials, especially in residential and commercial renovations.

Fireproof Insulation Market Report Attributes
Report Attribute	Details
Base Year:	2023
Fireproof Insulation Market Size in 2023:	USD 33.8 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	3.8%
2032 Value Projection:	USD 47 Billion
Historical Data for:	2021 - 2023
No. of Pages:	220
Tables, Charts & Figures:	180
Segments covered:	Product Type, Material, Application, End-Use, and Region
Growth Drivers:	Rising construction activities Stringent building regulations
Pitfalls & Challenges:	High cost of fireproof insulation materials

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Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of fireproof insulation reached USD 33.8 billion in 2023 and is set to grow at a CAGR of over 3.8% from 2024 to 2032, driven by increasing environmental awareness and sustainability efforts.

The construction segment held around 43% of the total market share in 2023 and is anticipated to grow at a CAGR of 4.1% during the forecast period, propelled by increased consumer awareness of fire safety in residential construction.

The U.S. market was valued at USD 10.2 billion in 2023 and is estimated to grow at a CAGR of around 4.2% from 2024 to 2032, led by stringent building codes and standards set by the International Building Code (IBC) and the National Fire Protection Association (NFPA).

The key players in the industry include Armacell, BASF, Fletcher Insulation, Huntsman International LLC, Isover (a division of Saint-Gobain), Johns Manville, Kingspan Group, Knauf Insulation, Morgan Advanced Materials, Owens Corning, Pittsburg Corning, Promat International (Etex Group), Rockwool International A/S, Saint-Gobain ISOVER, and Thermafiber.