Fireproof Insulation Market Projected to Increase 4.6% CAGR by 2021


Posted August 3, 2016 by Rohan6007

Fireproof Insulation Market is projected to reach USD 23.79 billion by 2021, from USD 18.16 billion in 2015, registering a CAGR of 4.6% between 2016 and 2021.

 
The stringent regulatory environment pertaining to the reduction of greenhouse gases and growing construction industry are some of the factors that are expected to drive the growth of the global fireproof insulation market.

Complete report on Fireproof Insulation Market spread across 145 pages, profiling 10 companies and supported with 74 tables and 50 figures is now available at http://www.rnrmarketresearch.com/fireproof-insulation-market-by-material-glass-wool-stone-wool-plastic-foam-others-application-residential-buildings-commercial-buildings-region-north-america-europe-asia-pacific-middle-east-africa-st-to-2021-market-report.html

Residential Buildings segment is the largest and the fastest-growing application segment of the global fireproof insulation market in 2015. Residential buildings are the ones that are used for residential purpose. Residential buildings are usually smaller in size than commercial buildings. Fireproof insulation is equally important in the residential buildings as in commercial buildings. If insulated properly, it can provide extra escape time of several minutes depending on the building size and material used to insulate. This segment dominates the market owing to the stringent building codes and fire safety regulations in the developed countries such as the U.S., Russia, Germany, among others.

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Plastic foam is the fastest-growing material segment of the global fireproof insulation market. This growth can be attributed to the properties of plastic foam insulation materials as plastic foam insulation materials are non-fibrous in nature and therefore personal protection equipment are not required during mounting. Different types of plastic foam insulation materials include polystyrene, polyurethane, polyisocyanurate, and phenolic foam. These material possess decent fire resistance according to the British Standard 476 and superior R-value. Plastic foams are used in different forms such as rigid board insulation and spray applied insulation.

This study has been validated through primary interviews with various industry experts globally. The break-up profile of primary discussion participants is given here Tier 1 (36%); Tier 2 (46%) and other (18%) companies were contacted for interviews. The interviews were conducted with various key people such as C level (46%), Director Level (36%) and other (18%) from various key organizations. The primary interviews were conducted worldwide covering regions such as North America (28%), Europe (27%), Asia-Pacific (18%), Latin America (9%), and the Middle East & Africa (18%).

As a part of qualitative analysis, the report provides a comprehensive review of major market drivers, restraints, opportunities, and challenges. It also discusses competitive strategies adopted by different market players, such as Rockwool International A/S (Denmark), Knauf Insulation GmbH (Germany), Saint-Gobain S.A. (France), Owens Corning Corporation (U.S.), Berkshire Hathaway, Inc. (U.S.), BASF SE (Germany), Paroc Oy (Finland), and others.

Ask for a discount before order a copy of Fireproof Insulation Market by Material (Glass Wool, Stone Wool, Plastic Foam & Others), Application (Residential Buildings, Commercial Buildings), Region (North America, Europe, Asia-Pacific, Middle-East & Africa, South America) — Global Forecast to 2021 at http://www.rnrmarketresearch.com/contacts/discount?rname=651978 .

The report offers market estimations and projections till 2021 and offers a complete study of the market dynamics. In addition, the report provides the competitive landscape with major growth strategies adopted by the key players.

On a related note, another research titled with Acoustic Insulation Market by Type (Stone Wool, Glass Wool, and Foamed Plastics), End-Use Industry (Building & Construction, Transportation, and Industrial), and by Region — Global Forecast to 2021. The market size of acoustic insulation is projected to reach USD 13.57 billion by 2021, at a CAGR of 5.50%, between 2016 and 2021. Now available at http://www.rnrmarketresearch.com/acoustic-insulation-market-by-type-mineral-wool-glass-wool-foamed-plastics-by-application-building-construction-industrial-transportation-global-trends-and-forecasts-to-2019-market-report.html .

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Issued By Rohan
Country India
Categories Business , Marketing , Reports
Last Updated August 3, 2016