Mineral Wool Market
Global Mineral Wool Market Size, Share & Trends Analysis Report by Type (Glass Wool, Stone Wool, and Slag Wool), By Product (Board, Blanket, Loose Wool, and Others) By End User (Automotive and Transportation Building and Construction, Industrial and Consumer Appliances, and Other End-user industries) Forecast Period 2022-2028 Update Available - Forecast 2024-2030
The global market for mineral wool is projected to have a considerable CAGR of around 5.9% during the forecast period. Mineral wool is fibre-based, loose-fill insulation that is has a similar appearance to fiberglass insulation, though it is a bit stiffer and denser. Mineral wool insulation can improve the energy efficiency of homes cutting back on carbon emissions. Applications of mineral wool include thermal insulation, filtration, soundproofing, and hydroponic growth medium. The global mineral wool market is growing due to a rise in demand for energy-efficient buildings and an increase in the use of mineral wool in automotive systems. Moreover, the growing modernization of mineral wool products, acoustical insulation is becoming more popular, and people are becoming more concerned about their health. However, the availability of cheap insulating materials and lack of knowledge among people are hampering the market growth.
Segmental Outlook
The global mineral wool market is segmented based on type, product, and end-user. Based on the types, the market is further classified into glass wool, stone wool, and loose wool. Based on product, the market is further segmented into the board, blanket, and loose wool. Further, based on the end-user the market is classified into automotive and transportation, building and construction, industrial and consumer appliances, and other end-user industries.
Global Mineral Wool Market Share by end-user, 2021 (%)
Building and construction are considered the dominating segment in the global mineral wool market.
Among end-user, the building and construction segment is estimated as dominating segment during the forecast period owing to stringent regulations mandating the use of mineral wool to conserve energy and achieve efficiency. Mineral wool is fibrous, spun yarn material that is used for thermal, fire, and acoustic insulation in the building and construction industry. It is used for thermal insulation in stud partition walls, masonry cavity walls, roofs, pipelines, and ductwork, as well as in wood frame construction. Mineral wool is also used to block sound transmission in flooring and partition walls. Therefore, this wide applications in the buildings and construction industry are boosting the growth of the mineral wool market in this sector. Moreover, properties such as ease of installation, excellent noise, heat, and fire resistance, Lightweight, high strength, make it most compatible with the construction industry.
Regional Outlook
Geographically, the global Mineral Wool market is classified into four major regions including North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (India, China, Japan, and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)). North America is projected to have a significant CAGR in the Mineral Wool market. The growth is driven by their thermal insulation and acoustical properties, the mineral wool is gaining popularity in the construction of retail stores, hotels, offices, hospitals, transportation terminals, and drywall grid systems. Apart from that, increased per capita incomes, combined with the region's strong economic growth, have influenced consumers to embrace higher living standards. As a result, demand for mineral wool ceiling tiles in luxury homes and other infrastructural development projects in the region has increased.
Global Mineral Wool Market Growth, by region 2022-2028
Asia-Pacific to hold a considerable share in the global mineral wool market
Geographically, Asia-Pacific is projected to hold a significant share global mineral wool market. China's construction industry is the largest in the world, and with several significant construction projects underway, China's position as the world's largest construction industry is likely to witness the increasing demand for mineral wool. Moreover, various policies enacted by the Indian government, such as the Smart Cities project, Housing for All, and others, are projected to give the construction industry in India the essential boost. In addition, cheap labor cost setting manufacturing unit and low cost of insulation materials also drive the mineral wool market in the region. Further, the residential and non-residential construction manufacturers have adopted the employment of installation material such as mineral wool insulation attributing to the change in climate, need for more soundproof buildings, and lower energy consumption.
Market Players Outlook
The key players in the mineral wool market contribute significantly by providing different types of products and increasing their geographical presence across the globe. The key players of the market include Rockwool International AS, Owens Corning, Knauf Insulation, Compagnie de Saint-Gobain S.A. among others. These market players adopt various strategies such as product launches, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market. In January 2020, Knauf Insulation has signed a contract to acquire a Glass Mineral Wool plant in Central Romania. The acquisition of the plant will bring Knauf Insulation's solutions closer to customers in Romania, Eastern Europe. Additionally, the Romanian acquisition will support Knauf Insulation’s growth ambitions and add extra capacity to meet the increasing demand for our solutions across the Eastern European and CIS regions.
The Report Covers
- Market value data analysis of 2022 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global mineral wool market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying 'who-stands-where in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Mineral Wool Industry
• Recovery Scenario of Global Mineral Wool Industry
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Trade Analysis
2.2.3. Porter’s Analysis
2.2.4. Recommendations
2.2.5. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on key players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Mineral Wool Market, By Type
5.1.1. Glass Wool
5.1.2. Stone Wool
5.1.3. Slag Wool
5.2. Global Mineral Wool Market, By Product
5.2.1. Board
5.2.2. Blanket
5.2.3. Loose Wool
5.2.4. Others
5.3. Global Mineral Wool Market, By End User
5.3.1. Automotive and Transportation
5.3.2. Building and Construction
5.3.3. Industrial and Consumer Appliances
5.3.4. Others
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
6.4.1. Latin America
6.4.2. Middle East & Africa
7. Company Profiles
7.1. CertainTeed Corp
7.2. Compagnie de Saint-Gobain S.A.
7.3. Great Lakes Textiles
7.4. Guardian Fiberglass, Inc
7.5. Industrial Insulation Group, LLC.
7.6. ISOVER Co
7.7. Johns Manville
7.8. Kingspan Group Plc
7.9. Knauf Insulation
7.10. Korff Isolmatic Sp. z o.o.
7.11. National Industrial Co.
7.12. NTN OOD
7.13. Owens Corning
7.14. Rockwool International A/S
7.15. Rosewool Insulation Refractory Co. Ltd
7.16. Roxul Inc
7.17. Thermafiber, Inc
7.18. URSA Insulation S.A.
7.19. USG Interiors, Inc.
1. GLOBAL MINERAL WOOL MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
2. GLOBAL GLASS MINERAL WOOL MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL STONE MINERAL WOOL MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL SLAG MINERAL WOOL MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL MINERAL WOOL MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2020-2027 ($ MILLION)
6. GLOBAL BOARD IN MINERAL WOOL MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL BLANKET IN MINERAL WOOL MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL LOOSE WOOL MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL OTHER MINERAL WOOL PRODUCT MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL MINERAL WOOL MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
11. GLOBAL MINERAL WOOL IN AUTOMOTIVE AND TRANSPORTATION MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL MINERAL WOOL IN BUILDING AND CONSTRUCTION MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
13. GLOBAL MINERAL WOOL IN INDUSTRIAL AND CONSUMER APPLIANCES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
14. GLOBAL MINERAL WOOL IN OTHER END-USER INDUSTRIES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
15. NORTH AMERICAN MINERAL WOOL MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
16. NORTH AMERICAN MINERAL WOOL MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
17. NORTH AMERICAN MINERAL WOOL MARKET RESEARCH AND ANALYSIS BY PRODUCT , 2020-2027 ($ MILLION)
18. NORTH AMERICAN MINERAL WOOL MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
19. NORTH AMERICAN MINERAL WOOL MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
20. EUROPEAN MINERAL WOOL MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
21. EUROPEAN MINERAL WOOL MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
22. EUROPEAN MINERAL WOOL MARKET RESEARCH AND ANALYSIS BY PRODUCT , 2020-2027 ($ MILLION)
23. EUROPEAN MINERAL WOOL MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
24. EUROPEAN MINERAL WOOL MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
25. ASIA-PACIFIC MINERAL WOOL MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
26. ASIA-PACIFIC MINERAL WOOL MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
27. ASIA-PACIFIC MINERAL WOOL MARKET RESEARCH AND ANALYSIS BY PRODUCT , 2020-2027 ($ MILLION)
28. ASIA-PACIFIC MINERAL WOOL MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
29. ASIA-PACIFIC MINERAL WOOL MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
30. REST OF THE WORLD MINERAL WOOL MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
31. REST OF THE WORLD MINERAL WOOL MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
32. REST OF THE WORLD MINERAL WOOL MARKET RESEARCH AND ANALYSIS BY PRODUCT , 2020-2027 ($ MILLION)
33. REST OF THE WORLD MINERAL WOOL MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
34. REST OF THE WORLD MINERAL WOOL MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL MINERAL WOOL MARKET, 2020-2027 (% MILLION)
2. IMPACT OF COVID-19 ON GLOBAL MINERAL WOOL MARKET BY SEGMENT, 2020-2027 (% MILLION)
3. RECOVERY OF GLOBAL MINERAL WOOL MARKET, 2020-2027 (%)
4. GLOBAL MINERAL WOOL MARKET SHARE BY TYPE, 2020 VS 2027 (%)
5. GLOBAL MINERAL WOOL MARKET SHARE BY PRODUCT, 2020 VS 2027 (%)
6. GLOBAL MINERAL WOOL MARKET SHARE BY END-USER, 2020 VS 2027 (%)
7. GLOBAL MINERAL WOOL MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
8. GLOBAL GLASS MINERAL WOOL MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
9. GLOBAL STONE MINERAL WOOL MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
10. GLOBAL SLAG MINERAL WOOL MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
11. GLOBAL BOARD IN MINERAL WOOL MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
12. GLOBAL BLANKET IN MINERAL WOOL MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
13. GLOBAL LOOSE WOOL MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
14. GLOBAL OTHER MINERAL WOOL PRODUCT MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
15. GLOBAL MINERAL WOOL IN AUTOMOTIVE AND TRANSPORTATION MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
16. GLOBAL MINERAL WOOL IN BUILDING AND CONSTRUCTION MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
17. GLOBAL MINERAL WOOL IN INDUSTRIAL AND CONSUMER APPLIANCES MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
18. GLOBAL MINERAL WOOL IN OTHER END-USER INDUSTRIES MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
19. US MINERAL WOOL MARKET SIZE, 2020-2027 ($ MILLION)
20. CANADA MINERAL WOOL MARKET SIZE, 2020-2027 ($ MILLION)
21. UK MINERAL WOOL MARKET SIZE, 2020-2027 ($ MILLION)
22. FRANCE MINERAL WOOL MARKET SIZE, 2020-2027 ($ MILLION)
23. GERMANY MINERAL WOOL MARKET SIZE, 2020-2027 ($ MILLION)
24. ITALY MINERAL WOOL MARKET SIZE, 2020-2027 ($ MILLION)
25. SPAIN MINERAL WOOL MARKET SIZE, 2020-2027 ($ MILLION)
26. REST OF EUROPE MINERAL WOOL MARKET SIZE, 2020-2027 ($ MILLION)
27. INDIA MINERAL WOOL MARKET SIZE, 2020-2027 ($ MILLION)
28. CHINA MINERAL WOOL MARKET SIZE, 2020-2027 ($ MILLION)
29. JAPAN MINERAL WOOL MARKET SIZE, 2020-2027 ($ MILLION)
30. SOUTH KOREA MINERAL WOOL MARKET SIZE, 2020-2027 ($ MILLION)
31. REST OF ASIA-PACIFIC MINERAL WOOL MARKET SIZE, 2020-2027 ($ MILLION)
32. REST OF THE WORLD MINERAL WOOL MARKET SIZE, 2021-2027($ MILLION
