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North America Fireproof Insulation Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Materials; End Users Commercial and Residential

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    Report

  • 134 Pages
  • October 2020
  • Region: North America
  • The Insight Partners
  • ID: 5204918
UP TO OFF until Mar 31st 2024
Growing Demand for Energy Efficient Insulation Materials to Lower Greenhouse Emission to drive North America Fireproof Insulation market at CAGR of 2.4%

According to the latest study on “North America Fireproof Insulation Market Forecast to 2027 - COVID-19 Impact and Analysis - by Materials (Glass Wool, Mineral Wool, Plastic Foam, Fiberglass, Polyurethane Foam, and Others); End Users (Commercial and Residential); and Country” the North America fireproof insulation market was valued at US$557.41 million in 2019 and is projected to reach US$667.66 million by 2027; it is expected to grow at a CAGR of 2.4%during 2019-2027. The report provides understanding on the key driving factors pertaining to the market growth and highlights the prominent players in the market, along with their developments.

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. Fireproof insulation material assists in reducing the damage caused by fire. The resistance of each form depends on the material from which it is made. The demand for fireproof insulation products is high in the residential sector owing to the strict building standards related to fire protection and increasing residential construction activity. In 2019, the glass wool segment dominated the North American fireproof insulation market with a 28.9% share. Glass wool is made from recycled glass and fused sand, such as soda ash, limestone, and sand, which helps in trapping air and blocking heat, noise, and cold. This property of this material is embraced of lightweight, pest-proof, and flexible, due to which it is widely used in electrical and thermal insulation purpose in buildings. The material is spread in an attic to balance temperature inside the building. Glass wool absorbs sonic energy and is utilized to enhance the acoustic performance of ceilings, walls, roofs, and floors. The fiber of glass wool is noncombustible, and is therefore used as acoustic or thermal insulation. Fiberglass insulation is commonly used in home insulation, as this material is affordable, lightweight, easy to install, and readily available in a variety of sizes. This type of insulation consists of 20-30% recycled content. However, the fiberglass segment is expected register a higher CAGR during the forecast period. Based on end user, the Fireproof Insulation market is categorized into residential and commercial. The residential segment is accounted for a major share of North America fireproof insulation market.

The primary function of insulation is to check and regulate heat flow inside and outside of the house. Energy efficient solutions help increase energy efficiency in businesses and homes while saving money. Various types of energy efficient solutions are being used widely in residential and industrial sectors, in turn contributing toward reducing greenhouse emissions. Installation of insulation results in massive reduction of energy waste and bill amount, Insulation materials, such as foam, play a significant role in providing insulation to buildings. It 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 and Knauf Insulation GmbH provide fireproof insulation.

North American continent comprises of several developing economies such as US, Canada and Mexico. These countries are witnessing an upsurge in the middle-class population as well as rise in urbanization, which provides ample opportunities for the key market players in the fireproof insulation market. The urbanized Western North American countries are experiencing decent surge in attractive commercial infrastructure such as office buildings, hotels, stadiums, hospitals, and airports with enhanced safety features, including thermal insulation. In addition, commercial infrastructure construction companies in Eastern North America are emphasizing on robust technologies such as thermal or fireproof insulation to ensure secured infrastructure. The governments in the North American countries continuously focus on reducing environmental impacts from asbestos. Construction is one of the crucial industries having severe impact on the environment, especially during the construction of infrastructure. Insulation is a widely considered provision in the construction industry. The majority of the insulation materials available in the marketplace facilitate reduction in greenhouse gas (GHG) emissions and pollutants by shrinking thermal or heating and air-conditioning requirements of infrastructure. This advantage outweighs the environmental impact of certain insulation materials. Fiber-based insulation products are among the most attractive fireproof insulation products in the North American construction industry due to their extremely lower environmental impacts. This benefit is a key driving factor for the fireproof insulation market in the region.

Recently, the World Health Organization (WHO) announced the outbreak of COVID-19, the novel form of a disease caused by the virus SARS-CoV-2, as a pandemic. This outbreak started in December 2019 in Wuhan, China, and later, it turned into a pandemic, causing numerous deaths worldwide. Fireproof Insulation are beneficial in reducing the damages cause by fire. The increase in focus towards dire security supports the demand for fireproof insulation. The outbreak of COVID-19 pandemic has severely impacted the chemicals & materials industry. The shutdowns of this industry and supply chain disruptions due to lockdown of countries has created a strain on the supplies of the products of this industry. The US has the highest number of confirmed cases of COVID-19 morbidities in North America. The majority of the manufacturing plants were shut down during the lockdown, and the construction industry was at a halt, which has negatively impacted the fireproof insulation market. In Canada, construction projects deemed nonessential were shut down, and the essential projects are subject to public health guidelines. The slowdown in the sales of fireproof insulation in North American region will surely affect the overall growth of the fireproof insulation market.

The North America fireproof insulation market is concentrated with several well-established players. A few of the key players in this market include are Saint Gobain S.A., BASF SE, Johns Manville, Kingspan Group PLC, Owens Corning, ROCKWOOL International A/S, Knauf Insulation GmbH and L'ISOLANTE K-FLEX S.P.A.

Reasons to Buy
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the North America Fireproof Insulation market, thereby allowing players to develop effective long term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

Table of Contents

1. Introduction
1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Fireproof Insulation Market - By Material
1.3.2 North America Fireproof Insulation Market - By End User
1.3.3 North America Fireproof Insulation Market - By Country
2. Key Takeaways
3. Research Methodology
3.1 Research Methodology
3.1.1 Data Collection
3.1.2 Primary Interviews
3.1.3 Hypothesis formulation
3.1.4 Macro-economic factor analysis
3.1.5 Developing base number
3.1.6 Data Triangulation
3.1.7 Country level data
4. North America Fireproof Insulation Market Landscape
4.1 Market Overview
4.1.1 North America PEST Analysis
5. North America Fireproof Insulation Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 Growing Demand for Energy Efficient Insulation Materials to Lower Greenhouse Emission
5.1.2 Stringent Safety Regulations by Governments Worldwide
5.2 Market Restraints
5.2.1 Less Construction Projects in Underdeveloped Countries
5.3 Market Opportunities
5.3.1 Installation of Insulation for Industrial End Users
5.4 Future Trends
5.4.1 Advent of New Insulation Properties for Sustainable Construction
5.5 Impact Analysis of Drivers and Restraints
6. Fireproof Insulation- North America Market Analysis
6.1 North America Fireproof Insulation Market Overview
6.2 North America: Fireproof Insulation Market - Revenue, and Forecast to 2027 (US$ Mn)
7. North America Fireproof Insulation Market Analysis - By Material
7.1 Overview
7.2 Fireproof Insulation Market Breakdown, By Material, 2019 & 2027
7.3 Glass Wool
7.3.1 Overview
7.3.2 Glass Wool: North America Fireproof Insulation Market, Revenue Forecast to 2027 (US$ Mn)
7.4 Mineral Wool
7.4.1 Overview
7.4.2 Mineral Wool: North America Fireproof Insulation Market, Revenue and Forecast to 2027 (US$ Mn)
7.5 Plastic Foam
7.5.1 Overview
7.5.2 Plastic Foam: North America Fireproof Insulation Market, Revenue and Forecast to 2027 (US$ Mn)
7.6 Fiberglass
7.6.1 Overview
7.6.2 Fiberglass: North America Fireproof Insulation Market, Revenue and Forecast to 2027 (US$ Mn)
7.7 Polyurethane Foam
7.7.1 Overview
7.7.2 Polyurethane Foam: North America Fireproof Insulation Market, Revenue and Forecast to 2027 (US$ Mn)
7.8 Others
7.8.1 Overview
7.8.2 Others: North America Fireproof Insulation Market, Revenue and Forecast to 2027 (US$ Mn)
8. North America Fireproof Insulation Market Analysis - By End User
8.1 Overview
8.2 North America Fireproof Insulation Market, By End User (2019 and 2027)
8.3 Commercial
8.3.1 Overview
8.3.2 Commercial: North America Fireproof Insulation Market, Revenue Forecast to 2027 (US$ Mn)
8.4 Residential
8.4.1 Overview
8.4.2 Residential: North America Fireproof Insulation Market, Revenue and Forecast to 2027 (US$ Mn)
9. North America Fireproof Insulation Market - Country Analysis
9.1 Overview
9.1.1 North America: Fireproof Insulation Market - Revenue and Forecast to 2027(US$ Mn)
9.1.2 North America: Fireproof Insulation Market, by Key Country
9.1.2.1 US: Fireproof Insulation Market - Revenue and Forecast to 2027 (US$ Million)
9.1.2.1.1 US: Fireproof Insulation Market, By Materials
9.1.2.1.2 US: Fireproof Insulation Market, By End Users
9.1.2.2 Canada: Fireproof Insulation Market - Revenue and Forecast to 2027 (US$ Million)
9.1.2.2.1 Canada: Fireproof Insulation Market, By Materials
9.1.2.2.2 Canada: Fireproof Insulation Market, By End Users
9.1.2.3 Mexico: Fireproof Insulation Market - Revenue and Forecast to 2027 (US$ Million)
9.1.2.3.1 Mexico: Fireproof Insulation Market, By Materials
9.1.2.3.2 Mexico: Fireproof Insulation Market, By End Users
10. Impact of COVID-19 Pandemic on North America Fireproof Insulation Market
10.1 Overview
10.2 North America: Impact Assessment of COVID-19 Pandemic
11. Company Profiles
11.1 SAINT GOBAIN S.A.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 BASF SE
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Johns Manville
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Kingspan Group PLC
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Owens Corning
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 ROCKWOOL International A/S
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Knauf Insulation GmbH
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 L'ISOLANTE K-FLEX S.P.A
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
12. Appendix
12.1 About the Publisher
12.2 Glossary
List of Tables
Table 1. North America Fireproof Insulation Market Revenue and Forecasts to 2027 (US$ Mn)
Table 2. US Fireproof Insulation Market, By Materials - Revenue and Forecast to 2027 (US$ Million)
Table 3. US Fireproof Insulation Market, By End Users - Revenue and Forecast to 2027 (US$ Million)
Table 4. Canada Fireproof Insulation Market, By Materials - Revenue and Forecast to 2027 (US$ Million)
Table 5. Canada Fireproof Insulation Market, By End Users - Revenue and Forecast to 2027 (US$ Million)
Table 6. Mexico Fireproof Insulation Market, By Materials - Revenue and Forecast to 2027 (US$ Million)
Table 7. Mexico Fireproof Insulation Market, By End Users - Revenue and Forecast to 2027 (US$ Million)
Table 8. Glossary of Terms, North America Fireproof Insulation Market
List of Figures
Figure 1. North America Fireproof Insulation Market Segmentations
Figure 2. North America Fireproof Insulation Market Segmentation - By Country
Figure 3. North America Fireproof Insulation Market Overview
Figure 4. The Glass Wool Segment Held Largest Share of North America Fireproof Insulation Market By Material
Figure 5. US Held Largest Share of North America Fireproof Insulation Market
Figure 6. North America Fireproof Insulation Market, Industry Landscape
Figure 7. North America- Pest Analysis
Figure 8. Impact Analysis of Drivers And Restraints
Figure 9. North America: Fireproof Insulation Market - Revenue and Forecast to 2027 (US$ Mn)
Figure 10. North America: Fireproof Insulation Market Revenue Share, by Material (2018 and 2027)
Figure 11. Glass Wool: North America Fireproof Insulation Market, Revenue and Forecast, 2017-2027 (US$ Mn)
Figure 12. Mineral Wool: North America Fireproof Insulation Market, Revenue and Forecast, 2017-2027 (US$ Mn)
Figure 13. Plastic Foam: North America Fireproof Insulation Market, Revenue and Forecast, 2017-2027 (US$ Mn)
Figure 14. Fiberglass: North America Fireproof Insulation Market, Revenue and Forecast, 2017-2027 (US$ Mn)
Figure 15. Polyurethane Foam: North America Fireproof Insulation Market, Revenue and Forecast, 2017-2027 (US$ Mn)
Figure 16. Others: North America Fireproof Insulation Market, Revenue and Forecast, 2017-2027 (US$ Mn)
Figure 17. North America Fireproof Insulation Market Revenue Share, by End User (2019 and 2027)
Figure 18. Commercial: Fireproof Insulation Market - Revenue, and Forecast to 2027 (US$ Mn)
Figure 19. Residential: North America Fireproof Insulation Market, Revenue and Forecast, 2017-2027 (US$ Mn)
Figure 20. North America: Fireproof Insulation Market - Revenue and Forecast to 2027 (US$ Mn)
Figure 21. North America: Fireproof Insulation Market Revenue Share, by Key Country (2019 and 2027)
Figure 22. US: Fireproof Insulation Market - Revenue and Forecast to 2027 (US$ Million)
Figure 23. Canada: Fireproof Insulation Market - Revenue and Forecast to 2027 (US$ Million)
Figure 24. Mexico: Fireproof Insulation Market - Revenue and Forecast to 2027 (US$ Million)
Figure 25. Impact of COVID-19 Pandemic In North America Country Market

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Saint Gobain S.A.
  • BASF SE
  • Johns Manville
  • Kingspan Group PLC
  • Owens Corning
  • ROCKWOOL International A/S
  • Knauf Insulation GmbH
  • L'ISOLANTE K-FLEX S.P.A