Market Overview:
The global mineral wool acoustic panels market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for mineral wool acoustic panels from the building & construction and industrial sectors. In addition, the growing awareness about the benefits of using mineral wool acoustic panels is also contributing to the growth of this market. Some of the major players operating in this market are Rockwool International A/S (Denmark), Knauf Insulation (U.K.), Owens Corning Corporation (U.S.), and Saint-Gobain S.A.(France).
Product Definition:
Mineral Wool Acoustic Panels are panels made of mineral wool that are used to absorb sound. They are important because they help to reduce noise levels in a space, making it more comfortable and productive for people to work in or live in.
Glass Fiber Wool:
Glass fiber wool or glass fiber, is a type of insulation material made from fine fibers of glass. It has high thermal efficiency and can be used in various applications including heat shields for rocket nozzles, radiation shielding, acoustic panels for sound walls and noise walls. The product also finds application as an insulating mat in the mining industry.
Mineral Wool:
Mineral wool is a type of mineral fiber that occurs in nature and has several beneficial properties. It is made from minerals such as glass, carbonate, sulfate, and others. The most common types of mineral fibers used for manufacturing are calcium silicate and cellulose acetate. Cellulose acetate can be easily processed & molded into various shapes & sizes whereas calcium silicate requires special treatment to remove the impurities present in it before processing & molding.
Application Insights:
Building and construction was the largest application segment in 2017. Mineral wool acoustic panels are used in residential, commercial and industrial buildings for sound insulation as well as to reduce the overall building weight. Increasing focus on green building materials has resulted in an increased demand from this sector.
Mineral wool acoustic panels find applications across multiple verticals including transportation, aerospace & defense, marine and healthcare among others. Growing emphasis on noise control for aircraft is expected to drive product demand over the forecast period owing to its excellent sound absorption properties while reducing aircraft weight by 20%.
The product is also used extensively across transportation applications such as automotive body cavities, cabin interiors of ships and buses/coaches among others where it is installed behind headliners or between layers of fiberboard/veneer along with other materials such as steel or plastic composites depending upon their respective strength against impact resistance etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The regional growth is primarily driven by China, which accounted for over 45% of the total revenue share in 2017. Rapid industrialization and investments in infrastructure development are expected to drive product demand from building & construction, transportation, and other applications over the forecast period.
China has been witnessing rapid urbanization on account of strong economic growth since 2010 coupled with government initiatives such as “Housing-for-All†program aimed at providing affordable housing units across the country. This has resulted in increased spending on residential construction activities that would propel product demand further.
Europe was valued at USD X million in 2017 owing to high mineral wool acoustic panels production capacity of major manufacturers including PerkinElmer Inc.; Carl Zeiss; Nikon Corporation; SurgiTel International BV; Leica Microsystems GmbH & Co., KGaA; Ophtecs GmbH & Co., Ltd.
Growth Factors:
- Increasing demand for noise control in various industrial and commercial applications is expected to drive the mineral wool acoustic panels market growth.
- Rising awareness about the benefits of using acoustic panels for noise control is projected to propel the market growth over the forecast period.
- Growing demand for aesthetic and eco-friendly building materials is anticipated to boost the mineral wool acoustic panels market growth in near future.
- Technological advancements in manufacturing processes are likely to provide new opportunities for market players over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Mineral Wool Acoustic Panels Market Research Report
By Type
Glass Fiber Wool, Mineral Wool
By Application
Building & Construction, Industrial, Transportation, Other
By Companies
Saint-Gobain, Knauf Insulation, Burgeree, USG BORAL, Beiyang, G&S Acoustics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
164
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Mineral Wool Acoustic Panels Market Report Segments:
The global Mineral Wool Acoustic Panels market is segmented on the basis of:
Types
Glass Fiber Wool, Mineral Wool
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Building & Construction, Industrial, Transportation, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Saint-Gobain
- Knauf Insulation
- Burgeree
- USG BORAL
- Beiyang
- G&S Acoustics
Highlights of The Mineral Wool Acoustic Panels Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Glass Fiber Wool
- Mineral Wool
- By Application:
- Building & Construction
- Industrial
- Transportation
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Mineral Wool Acoustic Panels Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Mineral Wool acoustic panels are made of a dense, high-quality woolen fabric that is treated with mineral oil to create a durable and soundproof surface. Mineral Wool acoustic panels are an excellent choice for use in areas where noise levels are high or where sound insulation is desired.
Some of the key players operating in the mineral wool acoustic panels market are Saint-Gobain, Knauf Insulation, Burgeree, USG BORAL, Beiyang, G&S Acoustics.
The mineral wool acoustic panels market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Mineral Wool Acoustic Panels Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Mineral Wool Acoustic Panels Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Mineral Wool Acoustic Panels Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Mineral Wool Acoustic Panels Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Mineral Wool Acoustic Panels Market Size & Forecast, 2020-2028
4.5.1 Mineral Wool Acoustic Panels Market Size and Y-o-Y Growth
4.5.2 Mineral Wool Acoustic Panels Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Glass Fiber Wool
5.2.2 Mineral Wool
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Building & Construction
6.2.2 Industrial
6.2.3 Transportation
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Mineral Wool Acoustic Panels Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Mineral Wool Acoustic Panels Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Glass Fiber Wool
9.6.2 Mineral Wool
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Building & Construction
9.10.2 Industrial
9.10.3 Transportation
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Glass Fiber Wool
10.6.2 Mineral Wool
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Building & Construction
10.10.2 Industrial
10.10.3 Transportation
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Glass Fiber Wool
11.6.2 Mineral Wool
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Building & Construction
11.10.2 Industrial
11.10.3 Transportation
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Glass Fiber Wool
12.6.2 Mineral Wool
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Building & Construction
12.10.2 Industrial
12.10.3 Transportation
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Glass Fiber Wool
13.6.2 Mineral Wool
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Building & Construction
13.10.2 Industrial
13.10.3 Transportation
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Mineral Wool Acoustic Panels Market: Competitive Dashboard
14.2 Global Mineral Wool Acoustic Panels Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Saint-Gobain
14.3.2 Knauf Insulation
14.3.3 Burgeree
14.3.4 USG BORAL
14.3.5 Beiyang
14.3.6 G&S Acoustics
