Market Overview:
The global rock wool board market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for insulation in buildings and other applications, owing to its thermal and acoustic properties. In addition, the growing construction industry in emerging economies is also contributing to the growth of the global rock wool board market. The global rock wool board market can be segmented on the basis of type into rigid and semi-rigid boards. Rigid boards are mainly used in building insulation applications, while semi-rigid boards are used in both building and industrial applications. On the basis of application, the global rock wool board market can be divided into building insulation, petrochemical insulation, mining insulation, and others (including marine & offshore). Building insulation accounts for a major share of the overall application segmentation due to its high demand across residential & commercial buildings worldwide.
Product Definition:
Rock wool board is a thermal insulation composed of rock wool, which is made from natural materials like volcanic rock and slag. It can be used in walls, roofs, and floors to improve energy efficiency. Rock wool board is important for its ability to insulate against both heat and sound, making it an ideal choice for homes and businesses alike.
Rigidity:
Rigidity is the measure of stiffness or resistance to deformation. It is a function of three main factors: fiber, matrix and coating. The product can be manufactured in different forms such as fibers, pellets, flakes and sheets. Rigid foams are used for insulation purposes in various end-use industries including building & construction (ICF), transportation (rigid boards) and packaging among others.
Semi-rigid:
Semi-rigid Rock Wool Board (SRWB) is a type of rock wool insulation that exhibits average compressive strength and can be easily handled & installed. It is manufactured using sawdust from hardwood trees, which are processed to remove their bark and ground woody debris.
Application Insights:
Building was the largest application segment in 2016 and accounted for a market share of more than 70% in 2017. The product is widely used as an underlayer for flooring applications owing to its superior characteristics, such as high load-bearing capacity, thermal insulation properties and low cost. In addition, it can also be used to sandwich layers between floors which increases energy efficiency by reducing heat transfer from the building structure through conduction and convection radiation.
The growing construction industry across the globe is expected to remain a key factor driving product demand over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing construction activities in emerging economies such as China, India, and Japan. In addition, rising demand for industrial buildings is anticipated to drive the product demand over the next eight years.
The growing petrochemical industry in Asia Pacific countries such as China and India coupled with increasing investments by major companies for expanding their production capacities are likely to boost product consumption across end-use industries including paints & coatings, plastics & resins, rubber products among others.
North America accounted for a significant share of global revenue owing to high rigidity requirements from various applications including building & construction along with extensive usage in oilfield machinery manufacturing due to its excellent properties such as high tensile strength.
Growth Factors:
- Increasing demand from the construction industry for thermal insulation and fire protection
- Growing popularity of green building practices
- Rising awareness about the benefits of rock wool board among architects, builders, and homeowners
- Technological advancements that have made rock wool board more efficient and affordable to produce
- Stringent government regulations mandating the use of thermal insulation in buildings
Scope Of The Report
Report Attributes
Report Details
Report Title
Rock Wool Board Market Research Report
By Type
Rigidity, Semi-rigid
By Application
Building, Petrochemical, Mining, Others
By Companies
Celenit, Rockwool, izocam, Alexinsulation Group, Rockmec Industrial, NICHIAS Corporation, Zhensen Group, Huaneng Zhongtian, Sichuan Pawoke Yanmian, Luyang Energy, BNBM Group
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 Rock Wool Board Market Report Segments:
The global Rock Wool Board market is segmented on the basis of:
Types
Rigidity, Semi-rigid
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, Petrochemical, Mining, Others
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:
- Celenit
- Rockwool
- izocam
- Alexinsulation Group
- Rockmec Industrial
- NICHIAS Corporation
- Zhensen Group
- Huaneng Zhongtian
- Sichuan Pawoke Yanmian
- Luyang Energy
- BNBM Group
Highlights of The Rock Wool Board 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:
- Rigidity
- Semi-rigid
- By Application:
- Building
- Petrochemical
- Mining
- Others
- 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 Rock Wool Board 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.
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- Correctly Positioning New Products
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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?
Rock Wool Board is a type of insulation board made from recycled granite and other rocks. It is a very effective insulator and can be used in place of traditional insulation materials such as fiberglass, cellulose, or foam.
Some of the major players in the rock wool board market are Celenit, Rockwool, izocam, Alexinsulation Group, Rockmec Industrial, NICHIAS Corporation, Zhensen Group, Huaneng Zhongtian, Sichuan Pawoke Yanmian, Luyang Energy, BNBM Group.
The rock wool board 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 Rock Wool Board 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 Rock Wool Board Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Rock Wool Board 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 Rock Wool Board 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 Rock Wool Board Market Size & Forecast, 2020-2028 4.5.1 Rock Wool Board Market Size and Y-o-Y Growth 4.5.2 Rock Wool Board 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 Rigidity
5.2.2 Semi-rigid
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
6.2.2 Petrochemical
6.2.3 Mining
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rock Wool Board 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 Rock Wool Board 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 Rigidity
9.6.2 Semi-rigid
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
9.10.2 Petrochemical
9.10.3 Mining
9.10.4 Others
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 Rigidity
10.6.2 Semi-rigid
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
10.10.2 Petrochemical
10.10.3 Mining
10.10.4 Others
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 Rigidity
11.6.2 Semi-rigid
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
11.10.2 Petrochemical
11.10.3 Mining
11.10.4 Others
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 Rigidity
12.6.2 Semi-rigid
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
12.10.2 Petrochemical
12.10.3 Mining
12.10.4 Others
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 Rigidity
13.6.2 Semi-rigid
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
13.10.2 Petrochemical
13.10.3 Mining
13.10.4 Others
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 Rock Wool Board Market: Competitive Dashboard
14.2 Global Rock Wool Board Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Celenit
14.3.2 Rockwool
14.3.3 izocam
14.3.4 Alexinsulation Group
14.3.5 Rockmec Industrial
14.3.6 NICHIAS Corporation
14.3.7 Zhensen Group
14.3.8 Huaneng Zhongtian
14.3.9 Sichuan Pawoke Yanmian
14.3.10 Luyang Energy
14.3.11 BNBM Group