Market Overview:
The global mineral wool 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 in fire protection, thermal insulation, and acoustics applications. Additionally, the growing construction industry is also contributing to the growth of the global mineral wool market. The glass wool segment is expected to dominate the global mineral wool market during the forecast period owing to its properties such as high thermal insulation and acoustic performance. The Asia Pacific region is expected to be a key contributor to the growth of this segment duringthe forecast period. The fire protection application segment is projectedto grow at a higher CAGR than other applications segments from 2018to 2030 due toproperties such as flame retardancy.
Product Definition:
Mineral wool is an insulating material made from natural or man-made fibers that are spun into fibers then woven into blankets, batting, or fabric. Mineral wool has a high thermal resistance and is used in building insulation, as well as automotive and naval insulation.
Glass Wool:
Glass wool is a type of insulation material made from sand, rock, and other fibers. It is usually used in thermal insulators such as heat & sound transfer pads and gaskets for automotive engines. Glass wool has the ability to absorb sound like fiberglass but not able to conduct heat like metal. Due to this property it is very popular in automotive applications where noise reduction needs are high along with efficiency requirements.
Stone Wool:
Stone wool is a type of mineral fiber that consists of jute-like fibers derived from certain rocks and minerals. It has high tensile strength, durability, and thermal insulation properties. Stone wool can be used as an alternative to glass wool or asbestos in various applications including heat shielding, cable insulations, fireproofing materials for construction industry buildings & factories; it can also be used in the production of geomembranes & roof tiles.
Application Insights:
The thermal application segment led the global mineral wool market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. Mineral fibers are increasingly being used as an alternative to asbestos for insulation purposes owing to their superior fire-resistance properties, which are further expected to drive product demand in this application segment over the next eight years.
Mineral fibers offer high strength and excellent thermal resistance when compared with other materials used for insulation such as cellulose fiber or polyurethane foam. They also have low density, higher strength per unit of weight and larger surface area resulting in better heat transfer properties than most synthetic products available on the market today. These aforementioned factors are anticipated to fuel growth across various applications including fire protection within buildings & vehicles where safety is a major concern leading into 2018 & 2030 with CAGR varying between 5% - 6%.
Regional Analysis:
Asia Pacific dominated the global mineral Wool market in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing fire safety requirements coupled with rising construction activities in emerging economies such as India, China, and Indonesia. In addition, growing demand for thermal products from countries such as Japan and South Korea is anticipated to propel product demand over the next eight years.
The industry in Europe was valued at USD X million in 2016 owing to presence of a large number of mineral processing units across Germany, France Italy along with other countries including Belgium, Netherlands etc. Growing fire safety concerns have resulted into increased product adoption across European countries which will fuel industry growth during the forecast period.
North America accounted for a significant share followed by Europe due to high acceptance level towards fireproof materials coupled with stringent regulations laid down by government organizations pertaining Fire Protection standards that are regulated by Underwriters Laboratories Inc., National Fire Protection Association (NFPA).
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 niche applications such as automotive insulation
Scope Of The Report
Report Attributes
Report Details
Report Title
Mineral Wool Market Research Report
By Type
Glass Wool, Stone Wool
By Application
Fire protection, Thermal, Acoustics, Others
By Companies
JOHNS MANVILLE, KNAUF INSULATION, OWENS CORNING, PAROC, ROCKWOOL INTERNATIONAL, SAINT-GOBAIN, URALITA, IZOCAM, USG, POLY GLASS FIBER INSULATION
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Mineral Wool Market Report Segments:
The global Mineral Wool market is segmented on the basis of:
Types
Glass Wool, Stone 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
Fire protection, Thermal, Acoustics, 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:
- JOHNS MANVILLE
- KNAUF INSULATION
- OWENS CORNING
- PAROC
- ROCKWOOL INTERNATIONAL
- SAINT-GOBAIN
- URALITA
- IZOCAM
- USG
- POLY GLASS FIBER INSULATION
Highlights of The Mineral Wool 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 Wool
- Stone Wool
- By Application:
- Fire protection
- Thermal
- Acoustics
- 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 Mineral Wool 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 companies in the mineral wool market are JOHNS MANVILLE, KNAUF INSULATION, OWENS CORNING, PAROC, ROCKWOOL INTERNATIONAL, SAINT-GOBAIN, URALITA, IZOCAM, USG, POLY GLASS FIBER INSULATION.
The mineral wool market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Mineral Wool Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Mineral Wool Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Mineral Wool Market - Supply Chain
4.5. Global Mineral Wool Market Forecast
4.5.1. Mineral Wool Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Mineral Wool Market Size (000 Units) and Y-o-Y Growth
4.5.3. Mineral Wool Market Absolute $ Opportunity
5. Global Mineral Wool Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Mineral Wool Market Size and Volume Forecast by Type
5.3.1. Glass Wool
5.3.2. Stone Wool
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Mineral Wool Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Mineral Wool Market Size and Volume Forecast by Application
6.3.1. Fire protection
6.3.2. Thermal
6.3.3. Acoustics
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Mineral Wool Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Mineral Wool Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Mineral Wool Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Mineral Wool Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Mineral Wool Demand Share Forecast, 2019-2026
9. North America Mineral Wool Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Mineral Wool Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Mineral Wool Market Size and Volume Forecast by Application
9.4.1. Fire protection
9.4.2. Thermal
9.4.3. Acoustics
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Mineral Wool Market Size and Volume Forecast by Type
9.7.1. Glass Wool
9.7.2. Stone Wool
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Mineral Wool Demand Share Forecast, 2019-2026
10. Latin America Mineral Wool Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Mineral Wool Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Mineral Wool Market Size and Volume Forecast by Application
10.4.1. Fire protection
10.4.2. Thermal
10.4.3. Acoustics
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Mineral Wool Market Size and Volume Forecast by Type
10.7.1. Glass Wool
10.7.2. Stone Wool
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Mineral Wool Demand Share Forecast, 2019-2026
11. Europe Mineral Wool Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Mineral Wool Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Mineral Wool Market Size and Volume Forecast by Application
11.4.1. Fire protection
11.4.2. Thermal
11.4.3. Acoustics
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Mineral Wool Market Size and Volume Forecast by Type
11.7.1. Glass Wool
11.7.2. Stone Wool
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.101. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Mineral Wool Demand Share, 2019-2026
12. Asia Pacific Mineral Wool Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Mineral Wool Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Mineral Wool Market Size and Volume Forecast by Application
12.4.1. Fire protection
12.4.2. Thermal
12.4.3. Acoustics
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Mineral Wool Market Size and Volume Forecast by Type
12.7.1. Glass Wool
12.7.2. Stone Wool
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Mineral Wool Demand Share, 2019-2026
13. Middle East & Africa Mineral Wool Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Mineral Wool Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Mineral Wool Market Size and Volume Forecast by Application
13.4.1. Fire protection
13.4.2. Thermal
13.4.3. Acoustics
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Mineral Wool Market Size and Volume Forecast by Type
13.7.1. Glass Wool
13.7.2. Stone Wool
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Mineral Wool Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Mineral Wool Market: Market Share Analysis
14.2. Mineral Wool Distributors and Customers
14.3. Mineral Wool Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. JOHNS MANVILLE
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. KNAUF INSULATION
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. OWENS CORNING
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. PAROC
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ROCKWOOL INTERNATIONAL
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. SAINT-GOBAIN
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. URALITA
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. IZOCAM
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. USG
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. POLY GLASS FIBER INSULATION
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
