+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)
Sale

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

  • PDF Icon

    Report

  • 148 Pages
  • October 2020
  • Region: Asia Pacific
  • The Insight Partners
  • ID: 5204925
UP TO OFF until Jun 30th 2024
Growing Demand for Energy Efficient Insulation Materials to Lower Greenhouse Emission to drive Asia Pacific Fireproof Insulation market at CAGR of 4.5%

According to the latest study on “Asia Pacific 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 Asia Pacific fireproof insulation market was valued at US$448.59 million in 2019 and is projected to reach US$632.98 million by 2027; it is expected to grow at a CAGR of 4.5% 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 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 Asia Pacific fireproof insulation market with a 29.1% 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 Asia Pacific 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.

The APAC fireproof insulation market is growing at a tremendous rate over the years, and it is likely to continue to grow at a same rate during the forecast period. China, India, South Korea, Japan, Australia, and Rest of APAC the key contributors to the fireproof insulation market in this region. A large population in APAC has led to increased demand for residential as well as commercial construction in the region. The region comprises several developing economies, including India and many Southeast Asian countries, posing strong demand for more infrastructure projects. Further, various country governments are taking several measures to attract private investments in infrastructure development. Growing investments in the commercial as well as residential construction is bolstering the demand for fireproofing technologies in APAC countries. APAC countries, especially China, India, and Indonesia, are demanding increased volumes of oil and gas, which is triggering the number of exploration projects in these countries. This increase in exploration projects has magnified the requirement of fireproof insulation products in recent years. In the oil & gas plants, fireproof insulating materials are deployed to protect machinery, valves, and flanges from fire. The governments of India, China, Indonesia, etc., are emphasizing on respective oil & gas industry and investing substantial amounts in this sector, which is a key enabler of the fireproof insulation market growth.

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. India witnessed the highest number of day cases in Asia Pacific. The government of various countries in the Asia Pacific has taken necessary steps to reduce its effects by announcing lockdowns, and thus, impacting the growth of the fireproof insulation market. The introduction of lockdowns has resulted in the halt of construction projects in the region, which negatively impacted the growth of fireproof insulation in the region. After a prolonged lockdown, various countries have started easing the restrictions. For instance, the government of India started the unlock phase in which it allowed the construction activities to resume.

The Asia Pacific 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, Lloyd Insulations (India) Limited, Owens Corning, ROCKWOOL International A/S, U.P. Twiga Fiberglass Limited, 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 Asia Pacific 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 Asia Pacific Fireproof Insulation Market - By Material
1.3.2 Asia Pacific Fireproof Insulation Market - By End User
1.3.3 Asia Pacific 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. Asia Pacific Fireproof Insulation Market Landscape
4.1 Market Overview
4.1.1 Asia Pacific PEST Analysis
5. Asia Pacific 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- Asia Pacific Market Analysis
6.1 Asia Pacific Fireproof Insulation Market Overview
6.2 Asia Pacific: Fireproof Insulation Market - Revenue, and Forecast to 2027 (US$ Mn)
7. Asia Pacific 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: Asia Pacific Fireproof Insulation Market, Revenue Forecast to 2027 (US$ Mn)
7.4 Mineral Wool
7.4.1 Overview
7.4.2 Mineral Wool: Asia Pacific Fireproof Insulation Market, Revenue and Forecast to 2027 (US$ Mn)
7.5 Plastic Foam
7.5.1 Overview
7.5.2 Plastic Foam: Asia Pacific Fireproof Insulation Market, Revenue and Forecast to 2027 (US$ Mn)
7.6 Fiberglass
7.6.1 Overview
7.6.2 Fiberglass: Asia Pacific Fireproof Insulation Market, Revenue and Forecast to 2027 (US$ Mn)
7.7 Polyurethane Foam
7.7.1 Overview
7.7.2 Polyurethane Foam: Asia Pacific Fireproof Insulation Market, Revenue and Forecast to 2027 (US$ Mn)
7.8 Others
7.8.1 Overview
7.8.2 Others: Asia Pacific Fireproof Insulation Market, Revenue and Forecast to 2027 (US$ Mn)
8. Asia Pacific Fireproof Insulation Market Analysis - By End User
8.1 Overview
8.2 Asia Pacific Fireproof Insulation Market, By End User (2019 and 2027)
8.3 Commercial
8.3.1 Overview
8.3.2 Commercial: Asia Pacific Fireproof Insulation Market, Revenue Forecast to 2027 (US$ Mn)
8.4 Residential
8.4.1 Overview
8.4.2 Residential: Asia Pacific Fireproof Insulation Market, Revenue and Forecast to 2027 (US$ Mn)
9. Asia Pacific Fireproof Insulation Market - Country Analysis
9.1 Overview
9.1.1 Asia Pacific: Fireproof Insulation Market - Revenue and Forecast to 2027(US$ Mn)
9.1.2 Asia Pacific: Fireproof Insulation Market, by Key Country
9.1.2.1 China: Fireproof Insulation Market - Revenue and Forecast to 2027 (US$ Million)
9.1.2.1.1 China: Fireproof Insulation Market, By Materials
9.1.2.1.2 China: Fireproof Insulation Market, By End Users
9.1.2.2 India: Fireproof Insulation Market - Revenue and Forecast to 2027 (US$ Million)
9.1.2.2.1 India: Fireproof Insulation Market, By Materials
9.1.2.2.2 India: Fireproof Insulation Market, By End Users
9.1.2.3 Japan: Fireproof Insulation Market - Revenue and Forecast to 2027 (US$ Million)
9.1.2.3.1 Japan: Fireproof Insulation Market, By Materials
9.1.2.3.2 Japan: Fireproof Insulation Market, By End Users
9.1.2.4 South Korea: Fireproof Insulation Market - Revenue and Forecast to 2027 (US$ Million)
9.1.2.4.1 South Korea: Fireproof Insulation Market, By Materials
9.1.2.4.2 South Korea: Fireproof Insulation Market, By End Users
9.1.2.5 Australia: Fireproof Insulation Market - Revenue and Forecast to 2027 (US$ Million)
9.1.2.5.1 Australia: Fireproof Insulation Market, By Materials
9.1.2.5.2 Australia: Fireproof Insulation Market, By End Users
9.1.2.6 Rest of APAC: Fireproof Insulation Market - Revenue and Forecast to 2027 (US$ Million)
9.1.2.6.1 Rest of APAC: Fireproof Insulation Market, By Materials
9.1.2.6.2 Rest of APAC: Fireproof Insulation Market, By End Users
10. Impact of COVID-19 Pandemic on Asia Pacific Fireproof Insulation Market
10.1 Overview
10.2 Asia Pacific: 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 Lloyd Insulations (India) Limited
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 Owens Corning
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 ROCKWOOL International A/S
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 U.P. Twiga Fiberglass Limited
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
11.9 Knauf Insulation GmbH
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 L'ISOLANTE K-FLEX S.P.A
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About the Publisher
12.2 Glossary
List of Tables
Table 1. Asia Pacific Fireproof Insulation Market Revenue and Forecasts to 2027 (US$ Mn)
Table 2. China Fireproof Insulation Market, By Materials - Revenue and Forecast to 2027 (US$ Million)
Table 3. China Fireproof Insulation Market, By End Users - Revenue and Forecast to 2027 (US$ Million)
Table 4. India Fireproof Insulation Market, By Materials - Revenue and Forecast to 2027 (US$ Million)
Table 5. India Fireproof Insulation Market, By End Users - Revenue and Forecast to 2027 (US$ Million)
Table 6. Japan Fireproof Insulation Market, By Materials - Revenue and Forecast to 2027 (US$ Million)
Table 7. Japan Fireproof Insulation Market, By End Users - Revenue and Forecast to 2027 (US$ Million)
Table 8. South Korea Fireproof Insulation Market, By Materials - Revenue and Forecast to 2027 (US$ Million)
Table 9. South Korea Fireproof Insulation Market, By End Users - Revenue and Forecast to 2027 (US$ Million)
Table 10. Australia Fireproof Insulation Market, By Materials - Revenue and Forecast to 2027 (US$ Million)
Table 11. Australia Fireproof Insulation Market, By End Users - Revenue and Forecast to 2027 (US$ Million)
Table 12. Rest of APAC Fireproof Insulation Market, By Materials - Revenue and Forecast to 2027 (US$ Million)
Table 13. Rest of APAC Fireproof Insulation Market, By End Users - Revenue and Forecast to 2027 (US$ Million)
Table 14. Glossary of Terms, Asia Pacific Fireproof Insulation Market
List of Figures
Figure 1. Asia Pacific Fireproof Insulation Market Segmentations
Figure 2. Asia Pacific Fireproof Insulation Market Segmentation - By Country
Figure 3. Asia Pacific Fireproof Insulation Market Overview
Figure 4. The Glass Wool Segment Held Largest Share of Asia Pacific Fireproof Insulation Market By Material
Figure 5. China Held Largest Share of Asia Pacific Fireproof Insulation Market
Figure 6. Asia Pacific Fireproof Insulation Market, Industry Landscape
Figure 7. Asia Pacific- Pest Analysis
Figure 8. Impact Analysis of Drivers And Restraints
Figure 9. Asia Pacific: Fireproof Insulation Market - Revenue and Forecast to 2027 (US$ Mn)
Figure 10. Asia Pacific: Fireproof Insulation Market Revenue Share, by Material (2018 and 2027)
Figure 11. Glass Wool: Asia Pacific Fireproof Insulation Market, Revenue and Forecast, 2017-2027 (US$ Mn)
Figure 12. Mineral Wool: Asia Pacific Fireproof Insulation Market, Revenue and Forecast, 2017-2027 (US$ Mn)
Figure 13. Plastic Foam: Asia Pacific Fireproof Insulation Market, Revenue and Forecast, 2017-2027 (US$ Mn)
Figure 14. Fiberglass: Asia Pacific Fireproof Insulation Market, Revenue and Forecast, 2017-2027 (US$ Mn)
Figure 15. Polyurethane Foam: Asia Pacific Fireproof Insulation Market, Revenue and Forecast, 2017-2027 (US$ Mn)
Figure 16. Others: Asia Pacific Fireproof Insulation Market, Revenue and Forecast, 2017-2027 (US$ Mn)
Figure 17. Asia Pacific 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: Asia Pacific Fireproof Insulation Market, Revenue and Forecast, 2017-2027 (US$ Mn)
Figure 20. Asia Pacific: Fireproof Insulation Market - Revenue and Forecast to 2027 (US$ Mn)
Figure 21. Asia Pacific: Fireproof Insulation Market Revenue Share, by Key Country (2019 and 2027)
Figure 22. China: Fireproof Insulation Market - Revenue and Forecast to 2027 (US$ Million)
Figure 23. India: Fireproof Insulation Market - Revenue and Forecast to 2027 (US$ Million)
Figure 24. Japan: Fireproof Insulation Market - Revenue and Forecast to 2027 (US$ Million)
Figure 25. South Korea: Fireproof Insulation Market - Revenue and Forecast to 2027 (US$ Million)
Figure 26. Australia: Fireproof Insulation Market - Revenue and Forecast to 2027 (US$ Million)
Figure 27. Rest of APAC: Fireproof Insulation Market - Revenue and Forecast to 2027 (US$ Million)
Figure 28. Impact of COVID-19 Pandemic In Asia Pacific 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
  • Lloyd Insulations (India) Limited
  • Owens Corning
  • ROCKWOOL International A/S
  • U.P. Twiga Fiberglass Limited
  • Knauf Insulation GmbH
  • L'ISOLANTE K-FLEX S.P.A