Fireproof insulation material assists in reducing the damage caused by fire. Fireproof insulation materials are available in five forms—foam; chopped fibers; board or block insulation; fibrous mats; and textiles, films, and foils. The resistance of each form depends on the material from which it is made. Demand for fireproof insulation products is high in the residential sector owing to the strict building standards related to fire protection and increase in residential construction activity. Furthermore, the popularity of fireproof insulation is growing significantly in the commercial sector due to increasing focus on ensuring fire safety. Moreover, the construction and retrofitting activities are growing significantly in the developed as well as developing economies, which is expected to have a positive impact on the fireproof insulation market.
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Impact of COVID-19 Pandemic on Fireproof Insulation Market
The recent global outbreak of COVID-19 has negatively impacted the growth of the fireproof insulation market. The lockdowns and other restrictions resulted in the disruption of numerous activities of the construction sector, which has hindered the growth of the fireproof insulation market. However, the ease of lockdown restrictions, along with the rise in emphasis on the effective restoration of the construction industry, is expected to support the speedy recovery of the fireproof insulation market during the post-lockdown period. The COVID-19 outbreak is anticipated to affect the growth rate of global fireproof insulation market in 2020 and in early 2021 owing to supply chain and demand disruptions. Hence, there is a decline in y-o-y growth during these years.
Surge in Demand for Energy Efficient Insulation Material
Insulation materials, such as foam, play a significant role in providing insulation to buildings. Foam fills the gaps that can potentially leak air and create an energy efficient surrounding in a building. Owing to its effective and powerful insulation properties, spray foam attracts investments from customers to protect their properties in case of fire outbreaks. Polyurethane spray foam insulation is another type of foam utilized to fill and insulate large voids and surfaces. This material helps improve indoor air quality and reduces cooling and heating costs while decreasing energy consumption. Companies, such as ROCKWOOL International A/S, John Manville, Knauf Insulation GmbH, and InSoFast, LLC, provide fireproof insulation.
Material-Based Market Insights
The selection of appropriate insulation materials has become very crucial nowadays. As the objective of insulation is to blanket the house to provide a barrier against heat transfer, selecting an insulation material having fire-resistant properties is important. Almost all insulation materials are rated as fireproof. These materials can also be designed to provide resistance against electricity, fuels, chemicals, or solvents. Therefore, the customers are looking for natural insulation to contribute toward energy efficiency at their houses. Based on material, the fireproof insulation market is categorized into glass wool, mineral wool, plastic foam, fiberglass, polyurethane foam, and others.
End User-Based Market Insights
Residential and commercial properties use fireproof insulation materials to ensure safety of workers and surroundings during fire incidents. The use of insulation in homes and industries would contribute to save energy. The commercial sector consists of complexes, office buildings, and industries. In commercial properties, the insulation is utilized for ducts, storage tanks, fluid lines, and pipes. Slag wool and rock wool types of mineral wool are commonly used to maintain heat and conserve energy. In addition, fiberglass materials offer soundproofing, water resistance, and heat and fire control. Installation of varied insulation in commercial and industrial properties would positively impact the growth of fireproof insulation.
The players in the fireproof insulation market focus on strategies such as market initiatives, acquisitions, and new product launches to maintain their positions in the market. A few developments by key players are listed below:
In 2019, Kingspan showcased high performance insulation and moisture management products in show homes and focusses on improving the building envelope-based products at IBS 2019. In addition to this, the company sponsored NAHB’s The New American Remodel 2019 as well as the KB Home Project.
In 2019, Knauf Insulation announced the launch of its new Rock Mineral Wool plant in Illange, France. The new plant meets the highest standards of sustainable best practice. Moreover, it would produce 110,000 tons of Rock Mineral Wool every year.
Fireproof Insulation Market – by Material
- Glass Wool
- Mineral Wool
- Plastic Foam
- Polyurethane Foam
Fireproof Insulation Market – by End User
Fireproof Insulation Market – by Geography
- North America
- Rest of Europe
- Asia Pacific (APAC)
- South Korea
- Rest of APAC
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- Rest of MEA
- South America (SAM)
- Rest of SAM
- BASF SE
- Johns Manville
- Kingspan Group Plc
- Knauf Insulation GmbH
- Lloyd Insulations
- L’isolante K-Flex s.p.a
- Owens Corning Corporation
- Rockwool International A/S
- Saint Gobain S.A.
- U.P. Twiga Fiberglass Limited
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