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Mineral Wool Market - Global Industry Analysis

Mineral Wool Market (Stone Wool And Glass Wool) By End Product (Board, Blanket, Customized Shape And Panel) For Transportation, Building & Construction, Industrial And Other End Users: Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028

Published Date: 30-Jul-2021 Category: Consumer Goods Report Format : PDF Pages: 160 Report Code: ZMR-904 Status : Published

The global mineral wool market accounted for USD 13.1 Billion in 2020 and is expected to reach USD 19.5 Billion by 2028, growing at a CAGR of 5% from 2021 to 2028.

Description

The global mineral wool market accounted for USD 13.1 Billion in 2020 and is expected to reach USD 19.5 Billion by 2028, growing at a CAGR of 5% from 2021 to 2028.  

Mineral wool material may be a versatile fibrous material made up of drawing rock materials or molten minerals like ceramics or slag. This material exhibits properties like noise reduction, fire resilience, mold resistance, and thermal protection. It contributes largely to energy-saving and combats global climate change by preventing the movement of air for future stability. Also, growing concerns concerning energy conservation in buildings including rising electricity costs have necessitated the rock wool material market demand in residential, commercial, and industrial buildings.

COVID-19 Impact Analysis:

COVID-19 has shattered many established politics, astonishing value chains, prompted governments into action, and upended many consumer behaviors. Within the first months of the crisis, businesses and governments logically focused on protecting people and identifying the steps to get over deep health, economic and social shock. Through all this and in an attempt to take care of the supply of products across the economy, the bulk chemical and residential & commercial industries dedicated much attention to understanding the pandemic’s impact on stocks and shifting demand and flows (e.g. changing supply routes to ensure supply of commodity or intermediates).

Growth Factors

Seeing the expansion in population, urbanization, and environmental changes have enabled the governments in both developed and developing nations towards inaction of several climate policy promises. Customers are specialized in reducing the energy consumption bills by retrofitting the merchandise in walls, ceilings, and attics. Shifting the rock wool material market trends towards up-gradation of existing insulation systems sufficing the building standards will create lucrative opportunities for the industry participants.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Segment Analysis Preview

The study provides a decisive view on the stone wool and glass wool types of the mineral wool market. Board, blanket, customized shape, and panel are end products of the mineral wool market. Major applications of rock wool are in thermal insulation, sound insulation, fire safety, and acoustic comfort. These factors make it an ideal insulating material for foundries, power plants, refineries, chemical and petrochemicals industries, where extreme temperature swings are frequent.

In terms of usage, in 2018 Asia Pacific ruled the rock wool market and is probably going to sustain its dominance in the rock wool market within the years to return. 

Rock wool is used as filler within the automotive industry, hence huge development within the automotive industry in China and India is predicted to drive the event of the rock wool market during this area. Additionally to the present, there has been an unprecedented development within the infrastructure industry in nations of Asia Pacific that has led to the heavy requirement for rock wool. This factor is probably going to assist the event of the rock wool market within the near future. Favorable government regulations and low labor costs in India are motivating major players to spend in India. This might positively affect the event of the rock wool market within the years to return.

Based on application, the mineral wool material’s application segment is categorized into building & construction, industrial, and transportation. The building & construction application may witness significant gains owing to rapid urbanization, increasing preference for nuclear families along with the rise in consumer spending on sustainable construction.

Regional Analysis Preview

Europe is probably going to ascertain positive development within the coming years within the rock wool market. Increasing demand in Germany for rock wool due to the tremendous development within the automotive industry is probably going to pace the event of the rock wool market in the forecast period. Europe has been re-attaining its economic power after the 2012 depression that resulted in huge usage of rock wool for superior insulation in various industries. The building & housing industry contributes almost 9% of the ECU Union to the GDP; hence infrastructure sector is believed to possess an important role within Europe’s economy and the development of the rock wool market. This aspect is anticipated likely to bolster the event of the rock wool market over the forecast period in Europe.

Key Market Players & Competitive Landscape

Some of the key players profiled in the report include are Johns Manville Inc., Owens Corning, Saint-Gobain, Izocam, Knauf Insulation GmbH, Uralita SA, Paroc, USG, Rockwool International A/S, CertainTeed Corp, Poly Glass Fiber Insulation, and Guardian Fiberglass Inc. among others. These players are claimed to set the mineral wool market to new heights in the years to come.

The global mineral wool market is segmented as follows:   

By Type

  • Glass Wool
  • Stone Wool

By End Products

  • Board
  • Blanket
  • Customized shape
  • Panel

By End User

  • Transportation
  • Building & construction
  • Industrial
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Type
        • 2.1.1.2. Market Attractiveness Analysis, By End Products
        • 2.1.1.3. Market Attractiveness Analysis, By End User
        • 2.1.1.4. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Mineral Woul Market, 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Mineral Woul Market – Type Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Type, 2020 & 2028
    • 4.2. Glass Woul
      • 4.2.1. Market Size and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Stone Woul
      • 4.3.1. Market Size and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Mineral Woul Market – End Products Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By End Products, 2020 & 2028
    • 5.2. Board
      • 5.2.1. Market Size and Forecast, By Region (USD Billion)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Blanket
      • 5.3.1. Market Size and Forecast, By Region (USD Billion)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Customized Shape
      • 5.4.1. Market Size and Forecast, By Region (USD Billion)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5. Panel
      • 5.5.1. Market Size and Forecast, By Region (USD Billion)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6 Mineral Woul Market – End User Segment Analysis
    • 6.1. Overview
      • 6.1.1. Market Revenue Share, By End User, 2020 & 2028
    • 6.2. Transportation
      • 6.2.1. Market Size and Forecast, By Region (USD Billion)
      • 6.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.3. Building & Construction
      • 6.3.1. Market Size and Forecast, By Region (USD Billion)
      • 6.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.4. Industrial
      • 6.4.1. Market Size and Forecast, By Region (USD Billion)
      • 6.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.5. Others
      • 6.5.1. Market Size and Forecast, By Region (USD Billion)
      • 6.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.5.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 7 Mineral Woul Market – Regional Analysis
    • 7.1. Overview
      • 7.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 7.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
    • 7.2. North America
      • 7.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 7.2.2. North America Market Revenue, By Type, 2016 – 2028
      • 7.2.3. North America Market Revenue, By End Products, 2016 – 2028
      • 7.2.4. North America Market Revenue, By End User, 2016 – 2028
      • 7.2.5. U.S.
        • 7.2.5.1. U.S. Market Revenue, By Type, 2016 – 2028
        • 7.2.5.2. U.S. Market Revenue, By End Products, 2016 – 2028
        • 7.2.5.3. U.S. Market Revenue, By End User, 2016 – 2028
      • 7.2.6. Canada
        • 7.2.6.1. Canada Market Revenue, By Type, 2016 – 2028
        • 7.2.6.2. Canada Market Revenue, By End Products, 2016 – 2028
        • 7.2.6.3. Canada Market Revenue, By End User, 2016 – 2028
      • 7.2.7. Mexico
        • 7.2.7.1. Mexico Market Revenue, By Type, 2016 – 2028
        • 7.2.7.2. Mexico Market Revenue, By End Products, 2016 – 2028
        • 7.2.7.3. Mexico Market Revenue, By End User, 2016 – 2028
    • 7.3. Europe
      • 7.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 7.3.2. Europe Market Revenue, By Type, 2016 – 2028
      • 7.3.3. Europe Market Revenue, By End Products, 2016 – 2028
      • 7.3.4. Europe Market Revenue, By End User, 2016 – 2028
      • 7.3.5. Germany
        • 7.3.5.1. Germany Market Revenue, By Type, 2016 – 2028
        • 7.3.5.2. Germany Market Revenue, By End Products, 2016 – 2028
        • 7.3.5.3. Germany Market Revenue, By End User, 2016 – 2028
      • 7.3.6. France
        • 7.3.6.1. France Market Revenue, By Type, 2016 – 2028
        • 7.3.6.2. France Market Revenue, By End Products, 2016 – 2028
        • 7.3.6.3. France Market Revenue, By End User, 2016 – 2028
      • 7.3.7. U.K.
        • 7.3.7.1. U.K. Market Revenue, By Type, 2016 – 2028
        • 7.3.7.2. U.K. Market Revenue, By End Products, 2016 – 2028
        • 7.3.7.3. U.K. Market Revenue, By End User, 2016 – 2028
      • 7.3.8. Italy
        • 7.3.8.1. Italy Market Revenue, By Type, 2016 – 2028
        • 7.3.8.2. Italy Market Revenue, By End Products, 2016 – 2028
        • 7.3.8.3. Italy Market Revenue, By End User, 2016 – 2028
      • 7.3.9. Spain
        • 7.3.9.1. Spain Market Revenue, By Type, 2016 – 2028
        • 7.3.9.2. Spain Market Revenue, By End Products, 2016 – 2028
        • 7.3.9.3. Spain Market Revenue, By End User, 2016 – 2028
      • 7.3.10. Rest of Europe
        • 7.3.10.1. Rest of Europe Market Revenue, By Type, 2016 – 2028
        • 7.3.10.2. Rest of Europe Market Revenue, By End Products, 2016 – 2028
        • 7.3.10.3. Rest of Europe Market Revenue, By End User, 2016 – 2028
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 7.4.2. Asia Pacific Market Revenue, By Type, 2016 – 2028
      • 7.4.3. Asia Pacific Market Revenue, By End Products, 2016 – 2028
      • 7.4.4. Asia Pacific Market Revenue, By End User, 2016 – 2028
      • 7.4.5. China
        • 7.4.5.1. China Market Revenue, By Type, 2016 – 2028
        • 7.4.5.2. China Market Revenue, By End Products, 2016 – 2028
        • 7.4.5.3. China Market Revenue, By End User, 2016 – 2028
      • 7.4.6. Japan
        • 7.4.6.1. Japan Market Revenue, By Type, 2016 – 2028
        • 7.4.6.2. Japan Market Revenue, By End Products, 2016 – 2028
        • 7.4.6.3. Japan Market Revenue, By End User, 2016 – 2028
      • 7.4.7. India
        • 7.4.7.1. India Market Revenue, By Type, 2016 – 2028
        • 7.4.7.2. India Market Revenue, By End Products, 2016 – 2028
        • 7.4.7.3. India Market Revenue, By End User, 2016 – 2028
      • 7.4.8. South Korea
        • 7.4.8.1. South Korea Market Revenue, By Type, 2016 – 2028
        • 7.4.8.2. South Korea Market Revenue, By End Products, 2016 – 2028
        • 7.4.8.3. South Korea Market Revenue, By End User, 2016 – 2028
      • 7.4.9. South-East Asia
        • 7.4.9.1. South-East Asia Market Revenue, By Type, 2016 – 2028
        • 7.4.9.2. South-East Asia Market Revenue, By End Products, 2016 – 2028
        • 7.4.9.3. South-East Asia Market Revenue, By End User, 2016 – 2028
      • 7.4.10. Rest of Asia Pacific
        • 7.4.10.1. Rest of Asia Pacific Market Revenue, By Type, 2016 – 2028
        • 7.4.10.2. Rest of Asia Pacific Market Revenue, By End Products, 2016 – 2028
        • 7.4.10.3. Rest of Asia Pacific Market Revenue, By End User, 2016 – 2028
    • 7.5. Latin America
      • 7.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 7.5.2. Latin America Market Revenue, By Type, 2016 – 2028
      • 7.5.3. Latin America Market Revenue, By End Products, 2016 – 2028
      • 7.5.4. Latin America Market Revenue, By End User, 2016 – 2028
      • 7.5.5. Brazil
        • 7.5.5.1. Brazil Market Revenue, By Type, 2016 – 2028
        • 7.5.5.2. Brazil Market Revenue, By End Products, 2016 – 2028
        • 7.5.5.3. Brazil Market Revenue, By End User, 2016 – 2028
      • 7.5.6. Argentina
        • 7.5.6.1. Argentina Market Revenue, By Type, 2016 – 2028
        • 7.5.6.2. Argentina Market Revenue, By End Products, 2016 – 2028
        • 7.5.6.3. Argentina Market Revenue, By End User, 2016 – 2028
      • 7.5.7. Rest of Latin America
        • 7.5.7.1. Rest of Latin America Market Revenue, By Type, 2016 – 2028
        • 7.5.7.2. Rest of Latin America Market Revenue, By End Products, 2016 – 2028
        • 7.5.7.3. Rest of Latin America Market Revenue, By End User, 2016 – 2028
    • 7.6. The Middle-East and Africa
      • 7.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 7.6.2. The Middle-East and Africa Market Revenue, By Type, 2016 – 2028
      • 7.6.3. The Middle-East and Africa Market Revenue, By End Products, 2016 – 2028
      • 7.6.4. The Middle-East and Africa Market Revenue, By End User, 2016 – 2028
      • 7.6.5. GCC Countries
        • 7.6.5.1. GCC Countries Market Revenue, By Type, 2016 – 2028
        • 7.6.5.2. GCC Countries Market Revenue, By End Products, 2016 – 2028
        • 7.6.5.3. GCC Countries Market Revenue, By End User, 2016 – 2028
      • 7.6.6. South Africa
        • 7.6.6.1. South Africa Market Revenue, By Type, 2016 – 2028
        • 7.6.6.2. South Africa Market Revenue, By End Products, 2016 – 2028
        • 7.6.6.3. South Africa Market Revenue, By End User, 2016 – 2028
      • 7.6.7. Rest of Middle-East Africa
        • 7.6.7.1. Rest of Middle-East Africa Market Revenue, By Type, 2016 – 2028
        • 7.6.7.2. Rest of Middle-East Africa Market Revenue, By End Products, 2016 – 2028
        • 7.6.7.3. Rest of Middle-East Africa Market Revenue, By End User, 2016 – 2028
  • Chapter No. 8 Mineral Woul Market – Industry Analysis
    • 8.1. Introduction
    • 8.2. Market Drivers
      • 8.2.1. Driving Factor 1 Analysis
      • 8.2.2. Driving Factor 2 Analysis
    • 8.3. Market Restraints
      • 8.3.1. Restraining Factor Analysis
    • 8.4. Market Opportunities
      • 8.4.1. Market Opportunity Analysis
    • 8.5. Porter’s Five Forces Analysis
    • 8.6. PEST Analysis
    • 8.7. Regulatory Landscape
    • 8.8. Technulogy Landscape
    • 8.9. Regional Market Trends
      • 8.9.1. North America
      • 8.9.2. Europe
      • 8.9.3. Asia Pacific
      • 8.9.4. Latin America
      • 8.9.5. The Middle-East and Africa
    • 8.10. Pricing Analysis
    • 8.11. Value Chain Analysis
    • 8.12. Downstream Buyers
    • 8.13. Distributors/Traders List
  • Chapter No. 9 Competitive Landscape
    • 9.1. Company Market Share Analysis – 2019
      • 9.1.1. Global Mineral Woul Market: Company Market Share, 2019
      • 9.1.2. Global Mineral Woul Market, Company Market Revenue, 2016 – 2019 (USD Billion)
      • 9.1.3. Global Mineral Woul Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 9.1.4. Global Mineral Woul Market: Radar Determinant Chart, 2019
    • 9.2. Strategic Developments
      • 9.2.1. Acquisitions & Mergers
      • 9.2.2. New Product Launch
      • 9.2.3. Regional Expansion
    • 9.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 10 Company Profiles
    • 10.1. Johns Manville Inc.
      • 10.1.1. Company Overview
      • 10.1.2. Key Executives
      • 10.1.3. Product Portfulio
      • 10.1.4. Financial Overview
      • 10.1.5. Operating Business Segments
      • 10.1.6. Business Performance
      • 10.1.7. Recent Developments
    • 10.2. Owens Corning
    • 10.3. Saint-Gobain
    • 10.4. Izocam
    • 10.5. Knauf Insulation GmbH
    • 10.6. Uralita SA
    • 10.7. Paroc
    • 10.8. USG
    • 10.9. Rockwoul International A/S
    • 10.10. CertainTeed Corp
  • Chapter No. 11 Marketing Strategy Analysis
    • 11.1. Marketing Channel
    • 11.2. Direct Marketing
    • 11.3. Indirect Marketing
    • 11.4. Marketing Channel Development Trends
    • 11.5. Economic/Pulitical Environmental Change
  • Chapter No. 12 Research Methodulogy
    • 12.1. Research Methodulogy
    • 12.2. Phase I - Secondary Research
    • 12.3. Phase II - Data Modeling
      • 12.3.1. Company Share Analysis Model
      • 12.3.2. Revenue Based Modeling
    • 12.4. Phase III - Primary Research
    • 12.5. Research Limitations
      • 12.5.1. Assumptions

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Mineral Wool market. Zion Research has collected and analyzed key data belong to the global Mineral Wool market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Mineral Wool across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Mineral Wool industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases, and market reports

News articles, press releases, and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Mineral Wool market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage, and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Mineral wool is a fiber material formed by spinning or drawing molten minerals. It can be produced from natural and synthetic minerals. Mineral wool acts as heat insulators in automotive industries; hence, rapidly growing automotive sector across the globe is expected to bolster the demand for mineral wool in the coming years.

Mineral wool offers thermal insulation, structural insulation as well as pipe insulation. They are also used in soundproofing, filtration, and hydroponic growth medium. Demand from various end users of mineral wool is expected to boost the market growth in the coming years. Increasing trend for energy saving insulations is likely to propel the mineral wool market in the future. Moreover, rising demand from ends-user industries such as industrial, building & construction and transportation are expected to propel the growth of the mineral wool market in the coming years. However, lack of awareness may restrain the growth of the mineral wool market. Nevertheless, growing demand from emerging economies and increasing end-user applications could provide a lump of opportunities to the mineral wool market in the forecast period.

Global-Mineral-Wool-Market

On the basis of types, the mineral wool market can be segmented as stone wool and glass wool. Glass wool possesses low density and is often used to insulate plane surfaces such as ceiling tiles, cavity wall insulation, curtain walls as well as ducting, piping and soundproofing. Therefore, glass wool accounted for the largest market share in 2016. The mineral wool can be molded into certain types to obtain end products such as board, blanket, customized shape, and panel. The blanket is considered as the most effective end product due to the fact that compressing the material reduces its efficiency. Mineral wool is majorly used as insulators in the end user industries such as transportation, building & construction, industrial and other end users. Building & construction was the leading segment of the mineral wool market in 2016 with noteworthy market share.

Asia Pacific held the largest market share for mineral wool followed by North America in 2016. A large number of consumers from India and China along with rapidly growing automotive industry is expected to boost the growth of the mineral wool market. Rising government initiatives to accomplish the development in the industrial sector is likely to assist the growth of the mineral wool market in this region. North America is expected to experience lucrative growth in the coming years owing to the growing construction industry. Escalating investments in Europe by the leading automotive manufacturers along with growing automotive OEM market is likely to boost the mineral wool market in the coming years. Latin America is likely to witness decent growth in the forecast period owing to the growing infrastructure sector in Brazil. The Middle East and Africa is expected to exhibit moderate growth over the coming years.

The mineral wool market is fragmented into major and medium players such as Owens Corning, Johns Manville Inc., Izocam, Knauf Insulation GmbH, Saint-Gobain, Paroc, Uralita SA, Rockwool International A/S, USG, Poly Glass Fiber Insulation, CertainTeed Corp and Guardian Fiberglass Inc. among others. Growing demand for mineral wool from various sectors may provide scope for new entrants in the market.


Frequently Asked Questions

The global Mineral Wool Market was valued at USD 13.1 Billion in 2020.

The global Mineral Wool Market is expected to reach USD 19.5 Billion by 2028, growing at a CAGR of 5% between 2021 to 2028.

There has been an extraordinary development in the infrastructure industry in nations of Asia Pacific that has led to the heavy requirements for mineral wool. This factor is likely to help the development of the mineral wool market shortly. 

Regionally, Asia Pacific has been the leading market and is anticipated to continue in the dominant position in the years to come.

Some of the key players profiled in the report include are Johns Manville Inc., Owens Corning, Saint-Gobain, Izocam, Knauf Insulation GmbH, Uralita SA, Paroc, USG, Rockwool International A/S, CertainTeed Corp, Poly Glass Fiber Insulation, and Guardian Fiberglass Inc. among others.

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Zion Market Research 244 Fifth Avenue, Suite N202 New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll Free No.1-855-465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No 020-46277770

Contact #

US OFFICE NO +1-386-310-3803
US/CAN TOLL FREE +1-855-465-4651
Email: sales@zionmarketresearch.com

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