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What are the New Trends and Advancements In The Fireproof Insulation Market?

Author : Rahul Varpe | Published Date : 2019-03-26 

Fire resistant apparel may witness significant growth in fireproof insulation market and was valued at USD 4.0 billion in 2015 and may exceed USD 5.5 billion by 2024, with gains at over 5.5%. Rise in product demand for mining, chemicals, construction & manufacturing and oil & gas industries along with supportive government norms regarding work place safety should favor fireproof insulation market growth.

Global glass wool insulation market may surpass 5 million tons by 2024 owing to increase in construction spending in China, India, and Brazil. It is primarily light weight, superior tensile strength, and high resilience making it suitable for automotive, electronics, and aircraft industries. Glass wool uses acoustic or thermal products which contributes to building safety and contribute to fireproof insulation market growth. As per British Standards, glass wool products are capable of providing class 0 and class 1 level safety.

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Global Fireproof Insulation Market size may observe steady growth over the foreseeable timeframe. It is processed from fire redundant material and protect against fire attacks which is prominently used in clothing, and building materials.

Strict government regulations in construction sector accompanied with rising environmental concerns regarding GHG reduction and low installation cost should drive industry growth. Key properties include cost effectiveness and energy efficiency may boost product demand in various applications.

Plastic foam is another dominating segment in fireproof insulation market and may witness steady growth over the forecast timeframe. It includes polyurethane, phenolic foam, polystyrene and polyisocynurate. They are mainly non-fibrous making it easy for installation, thereby promoting its usage in spray applied and rigid board. 

U.S. plastic foam market size may register USD 26 billion by 2024 and register close to 2.5%. Rise in disposable income has led to increase in furniture, appliance, and bedding household products, may drive polyurethane foam market size. Global polyurethane (PU) foam market size was valued at over USD 45 billion in 2015. PU is one of the important material used in fireproof insulation market.

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Global fireproof insulation market is moderately fragmented. Major players operating in this industry are Bershire Hathway, Rockwol International, BASF SE, Owens Corning and Saint Gobain. Other prominent companies include Paroc Group, Knauf Insulations GmbH, GAF, and Kingspan Group OY.
 
BASF has introduced Palusol protection panels which are classified as non-combustible building materials. The product is used to protect glazing, doors, cables, and pipes. The company also provides Elastocool & Elastopor for refrigerators and freezers which are mainly used in insulation applications.
 

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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