Home > Construction > Construction Materials > Insulation Materials > Fireproof Insulation Market

Fireproof Insulation Market Trends

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

Download Free Sample

Fireproof Insulation Market Trends

As green building certifications and energy-efficient practices gain traction, the adoption of fireproof insulation is surging in both residential and commercial constructions. This trend is especially pronounced in areas with stringent environmental regulations. Furthermore, industries like oil & gas, chemicals, and manufacturing where fire hazards loom large are now standardizing the use of fireproof insulation for enhanced safety. Consequently, this heightened demand is propelling market growth within these industrial sectors.

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.