Asia Pacific Fireproof Insulation Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Materials (Glass Wool, Mineral Wool, Plastic Foam, Fiberglass, Polyurethane Foam, and Others); End Users (Commercial and Residential
The Asia Pacific fireproof insulation market accounted to US$ 448.59 million in 2019 and is projected to account US$ 632.98 million by 2027; it is expected to grow at a CAGR of 4.5% during 2019–2027.
Fireproof insulation material assists in reducing the damage caused by fire. The 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. 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 performance of insulation heavily relies on installation. In this, assistance of professionals is required to ensure installation of high quality and certified insulation material. Several government authorities across the world are supporting the installation of different types of insulation materials for floor, roof, ceiling, and other areas to protect residents and workers during the case of fire or any other mishaps.
The COVID-19 pandemic first began in Wuhan (China) in December 2019, and since then, it has spread at a fast pace across the globe. As of September 2020, US, India, Brazil, Russia, Mexico, South Africa, Spain, Argentina and UK are among the worst-affected countries in terms confirmed cases and reported deaths. The pandemic has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdowns of chemicals and materials industry and disruptions in supply chains due to lockdown of countries has created a strain on the supplies of the various products offered by this industry. In Asia Pacific, India is the worst-hit country by the COVID–19 outbreak. 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 COVID–19 pandemic will have a short-term impact on the APAC fireproof insulation market; however, the market will recover in the coming years.
Asia Pacific Fireproof Insulation Market
Market Insights
Growing Demand for Energy Efficient Insulation Materials to Lower Greenhouse Emission
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. The growing demand for energy-efficient insulation materials to reduce the greenhouse emissions and stringent government mandates regarding insulation measures at properties are the major factors that are expected to support the growth of the fireproof insulation market. However, the lack of awareness and limited number of construction projects in the underdeveloped countries are the major factors restricting the fireproof insulation market growth. The growing adoption of fireproof insulation in the industrial End Users is creating lucrative growth opportunities for the market players.
Material Based Insights
The fireproof insulation market based on material has been segmented into glass wool, mineral wool, plastic foam, fiberglass, polyurethane foam and others. In 2019, the glass wool segment accounted for a larger share of the Asia Pacific fireproof insulation market, whereas the market for fiberglass is expected to grow at a higher CAGR during the forecast period. 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. Glass is spun into fibers and then combined with plastic polymers to make fiberglass, which is a noncombustible material. 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. The loose-fill fiberglass insulation offers an easy, rapid, and economical method to insulate wall cavities and attic floors of the residential properties. On the contrary, when compared with mineral wool, fiberglass insulation is not resistant to water. It gets soggy when exposed to water, thereby losing insulation properties. This aspect might hinder the installation of fiberglass in commercial properties.
Asia Pacific Fireproof Insulation Market, by Material – 2019 and 2027
End User Based Market Insights
Based on end user, the Fireproof Insulation market is segmented into residential and commercial. In 2019, the residential segment dominated the Asia Pacific fireproof insulation market; whereas, the commercial segment is expected to grow at the fastest rate during 2020–2027. The number of construction projects in the residential sector is rising at an exponential rate across economies such as UK, Germany and Russia. While constructing houses, varied types of insulation are used in which fireproof is one of the insulations. Sometime the homeowners install materials and blankets in place as per the need, whereas other types of insulation need professional installation. In residential constructions, foam boards are majorly installed on inner side of the wall in existing houses and outer side of the wall in new constructions. 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 will positively impact the growth of fireproof insulation.
Strategic Insights
Product development, merger and acquisition, and business planning are the commonly adopted strategies by companies to expand their product portfolio. Saint Gobain S.A., BASF SE, Johns Manville, Kingspan Group PLC, Owens Corning, ROCKWOOL International A/S, Knauf Insulation GmbH are amongst the market players implementing this strategy to enlarge the customer base and gain significant market share in Asia Pacific, which in turn permits them maintain their brand name in the Asia Pacific market.
Asia Pacific Fireproof Insulation Market, by Material
- Glass Wool
- Mineral Wool
- Plastic Foam
- Fibreglass
- Polyurethane Foam
- Others
Asia Pacific Fireproof Insulation Market, by End User
- Residential
- Commercial
Company Profiles
- 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
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners 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 Insight Partners
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
- 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
- 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.