Market Overview:
The global mineral wool material market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for mineral wool material from various end-use industries, such as construction, automotive, and insulation. In terms of type, felty mineral wool material is expected to lead the market during the forecast period owing to its high thermal insulation properties and low manufacturing cost. By application, industry is projected to be the fastest-growing segment during the forecast period owing to rising demand for mineral wool material in various industrial applications such as HVAC systems and boilers.
Product Definition:
Mineral wool is a type of insulation made from natural minerals. It is used in buildings and other structures to keep heat in or out, depending on the climate.
Felty:
Felt is a material made by spinning fibers from animal or plant matter. It has high tensile strength and durability, which makes it useful for manufacturing various industrial products such as conveyor belts, filters, paper & pulp processing equipment and mining tools. Felt can be used in combination with other materials to enhance its properties; for instance felt-coated steel sheets are used in the construction of roofing tiles to prevent them from rusting.
Strip:
Strip is a thin layer of aluminum foil that is used in the manufacturing of mineral wool material. It helps to increase the tensile strength and durability of the product. The market size for strip is expected to be USD 0.8 billion by 2024, growing at an estimated CAGR (Compound Annual Growth Rate) rate of 5% from 2017 to 2024.
Application Insights:
The industry application segment accounted for the largest share of over 70.0% in 2017. Mineral wool is used as a replacement for asbestos in friction and insulation applications in industries such as automotive, building & construction, and aerospace & defense among others. Growing awareness regarding the harmful effects of asbestos has resulted in an increased focus on eliminating its usage across various applications which is expected to drive product demand over the forecast period.
Mineral wool products are also widely used by farmers owing to their excellent properties such as lightweight, high durability against abrasion and heat coupled with low cost compared to other materials currently being utilized by farmers for agricultural purposes such as crop protection matsting blankets, soil stabilization blankets and tillage equipment cushioning among others.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing mineral wool usage in the manufacturing of electric cables and wires for power generation. The growing shipbuilding industry in China, India, Japan, South Korea and Taiwan is also likely to propel product demand over the forecast period.
The construction industry in Europe has witnessed significant growth over the past few years on account of new constructions as well as renovation activities taking place at various commercial buildings including shopping malls, offices etc. This trend is projected to continue over the next eight years which will have a positive impact on product demand due high rovings usage for insulation purposes coupled with its excellent thermal resistance properties.
North America accounted for 24% share of global revenue in 2017 owing to rising mineral wool consumption by key end-use industries such as aerospace & defense (18%) and transportation (6%).
Growth Factors:
- Increasing demand from the construction sector for thermal and acoustic insulation
- Growing popularity of mineral wool as a sustainable building material
- Rising awareness about the benefits of mineral wool among architects, builders, and consumers
- Technological advancements that have made mineral wool more efficient and versatile
- The increasing use of mineral wool in green buildings
Scope Of The Report
Report Attributes
Report Details
Report Title
Mineral Wool Material Market Research Report
By Type
Felty, Strip, Tubular, Granular, Plate
By Application
Industry, Agriculture, Ship, Architecture
By Companies
Saint-Gobain, Rockwool International, Knauf Insulation, Industrial Insulation Group, CertainTeed Corp, Guardian Fiberglass, Johns Manville, Rock Wool Manufacturing
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
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Mineral Wool Material Market Report Segments:
The global Mineral Wool Material market is segmented on the basis of:
Types
Felty, Strip, Tubular, Granular, Plate
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
Industry, Agriculture, Ship, Architecture
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
- Rockwool International
- Knauf Insulation
- Industrial Insulation Group
- CertainTeed Corp
- Guardian Fiberglass
- Johns Manville
- Rock Wool Manufacturing
Highlights of The Mineral Wool Material 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:
- Felty
- Strip
- Tubular
- Granular
- Plate
- By Application:
- Industry
- Agriculture
- Ship
- Architecture
- 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 Material 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 is a type of insulation made from mineral fibers. Mineral wool is a natural fiber that can be recycled and reused multiple times.
Some of the major players in the mineral wool material market are Saint-Gobain, Rockwool International, Knauf Insulation, Industrial Insulation Group, CertainTeed Corp, Guardian Fiberglass, Johns Manville, Rock Wool Manufacturing.
The mineral wool material market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Mineral Wool Material 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 Material Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Mineral Wool Material 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 Material 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 Material Market Size & Forecast, 2020-2028
4.5.1 Mineral Wool Material Market Size and Y-o-Y Growth
4.5.2 Mineral Wool Material 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 Felty
5.2.2 Strip
5.2.3 Tubular
5.2.4 Granular
5.2.5 Plate
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 Industry
6.2.2 Agriculture
6.2.3 Ship
6.2.4 Architecture
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Mineral Wool Material 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 Material 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 Felty
9.6.2 Strip
9.6.3 Tubular
9.6.4 Granular
9.6.5 Plate
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 Industry
9.10.2 Agriculture
9.10.3 Ship
9.10.4 Architecture
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 Felty
10.6.2 Strip
10.6.3 Tubular
10.6.4 Granular
10.6.5 Plate
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 Industry
10.10.2 Agriculture
10.10.3 Ship
10.10.4 Architecture
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 Felty
11.6.2 Strip
11.6.3 Tubular
11.6.4 Granular
11.6.5 Plate
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 Industry
11.10.2 Agriculture
11.10.3 Ship
11.10.4 Architecture
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 Felty
12.6.2 Strip
12.6.3 Tubular
12.6.4 Granular
12.6.5 Plate
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 Industry
12.10.2 Agriculture
12.10.3 Ship
12.10.4 Architecture
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 Felty
13.6.2 Strip
13.6.3 Tubular
13.6.4 Granular
13.6.5 Plate
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 Industry
13.10.2 Agriculture
13.10.3 Ship
13.10.4 Architecture
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 Material Market: Competitive Dashboard
14.2 Global Mineral Wool Material Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Saint-Gobain
14.3.2 Rockwool International
14.3.3 Knauf Insulation
14.3.4 Industrial Insulation Group
14.3.5 CertainTeed Corp
14.3.6 Guardian Fiberglass
14.3.7 Johns Manville
14.3.8 Rock Wool Manufacturing
