In a research report titled ‘Fireproof Insulation Market Size By Material (Fiberglass, Mineral Wool, Cellulose, Polystyrene [Expanded Polystyrene, Extruded Polystyrene], Polyurethane), By Application (Residential, Non-residential), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Landscape & Forecast, 2021 - 2027‘, available with Market Study Report, worldwide fireproof insulation market is anticipated to showcase appealing expansion graph between 2021 and 2027.
 

The growth of global fireproof insulation market is primarily driven by rising demand from construction sector for residential and non-residential buildings. A steady rise in the renovation expenditures is further catalyzing the industry growth.
 

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It is to be noted that fireproofing is primarily the usage of fire-resistant materials in a structure to prevent its collapse in case of fire, thereby allowing safe exit to the occupants. The insulation prevents heat transfer, making it vital to choose fireproof insulation for overall safety.
 

Based on material terrain, worldwide fireproof insulation industry is segmented into fiber glass, mineral wool, cellulose, polystyrene, and polyurethane. Among these, cellulose segment is slated to record a y-o-y growth rate of 4.7% through 2027, as this fireproof insulation attains one of the highest fire safety ratings when treated with borate and ammonium sulfate.
 

Cellulose material is however not completely fireproof, hence addition of various flame retardants to counter combustion will stimulate the segmental growth. The material, when treated with fire-resistant chemicals, can withstand 300°C temperature, while if cellulose fibers are combined with foam, can withstand 400°C.
 

Moving on to application landscape, global fireproof insulation marketplace is divided into non-residential, and residential.
 

Geographically, fireproof insulation market in North America is touted to grow with a CAGR of 4% over the analysis timeframe, creditable to surge in renovation activities, alongside flourishing construction vertical.
 

Various companies profiled in the business intelligence report are Beijing New Building Material Co. Ltd., Johns Manville, Kingspan Group plc, Compagnie de Saint-Gobain S.A., Knauf Insulation, BASF SE, Rockwool International A/S, Owens Corning Corporation, GAF AG, and Sipla Solutions.