Global Magnesium Fireproof Board Market Expected To Register a CAGR Of 4.2% over 2016-2020

Date: 2016-10-13

Magnesium Fireproof Board is a fire proof and a thermal insulation building material. It can be used for a number of applications including wall and ceiling linings, exterior cladding, fascias, soffits, tile backing and flooring underlay. MgO Board is non-combustible and can achieve fire ratings as high as 4 hours given the correct installation. It can be used for sound studios, schools, public areas, movie theatre’s, train and bus partitioning, boat partitioning, shopping centers and any area where the fireproof function is necessary.

According to research, Global Magnesium Fireproof Board Market is expected To Register a CAGR Of 4.2% over 2016-2020.

In terms of geography, the China is the world largest production region around the world, for the consumption market, Europe is the most dominant region in the global Magnesium Fireproof Board market. It is estimated to witness a comparatively slower growth than other regions as some of the European countries are experiencing the economic downturn, which has significantly impacted the European construction sector. The energy-saving initiatives and continuous modifications in the building regulations have been helpful in supporting the market growth.

On the basis of application, the residential building is the largest application segment in the fireproof insulation market. This is mainly attributed to increase in adoption of fire safety regulation in the residential building sector in developing countries, thus increasing the demand for fireproof insulation.

Laminate Flooring market share by region as following:


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Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 510-400-8520

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