Fireproof Insulation Market Dynamics and Opportunities Report by 2024 | Page 3

sluggish growth of the construction sector in Europe has a negative impact on the overall market. However, developing
countries are expected to emerge in the near future, owing to the growing focus towards fire safety.
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Global Fireproof Insulation Market: Geographical Segmentation
North America and Europe will account for a large cumulative share in the global fireproof insulation market. The rising
disposable income is translating into the greater sales of furniture, bedding household products, and appliances, which in
turn is driving the growth of the regions. Enforcement of stringent building safety codes is also playing an important role in
the growth of the regions. While North America will be primarily driven by the U.S., countries such as Italy, Germany, the
U.K., and France will be at the forefront of the growth of Europe.
Asia Pacific will register a tremendous CAGR during the forecast period, with India, Japan, and China being the major
contributors. Rising government initiatives towards building safety along with the increasing environmental concerns
pertaining to emissions of greenhouse gasses are stimulating the growth of the region. The expanding workforce in oil &
gas, chemicals, and petrochemicals sectors is creating a staggering volume of demand for protective clothing, which in
turn is propelling the growth of APAC.
Global Fireproof Insulation Market: Competitive Landscape
A raft of players in the global fireproof insulation market is putting in efforts to modify and innovate their offering in order to
enhance their visibility. The presence of a large number of players boosts the level of competition in the market and also
renders it a moderately fragmented arena. Some of the prominent players operating in the market are Knauf Insulation
GmbH, Rockwool International A/S, Owens Corning Corporation, Saint-Gobain S.A., BASF SE, Berkshire Hathaway Inc.,
and Paroc Oy.
The study is a source of reliable data on:
 Market segments and sub-segments
 Market trends and dynamics
 Supply and demand