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SELBYVILLE, Del., April 15, 2021 /PRNewswire/ According to the latest report Fireproof Insulation Market by Material (Fiberglass, Mineral Wool, Cellulose, Polystyrene, Polyurethane), Application (Residential, Non-residential), Regional Outlook, Price Trends, Competitive Market Share & Forecast 2027 , by Global Market Insights Inc., the market valuation of fireproof insulation will cross $30 billion by 2027. The rising adoption of thermal insulative materials in energy-efficient buildings, stringent building regulations, and the expanding construction sector will propel the market growth.
Polystyrene material segment will account for more than 30% of the fireproof insulation market share by 2027.
Polystyrene material segment is anticipated to hold more than 30% of the market share by 2027. It is a widely used material for heat insulation as it has small air bubbles trapped inside the material, restricting the heat flow through the material. Polystyrene foa
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