Global Mineral Wool Market, By End Products (Blankets, Panel (Acoustic), Board, Customized Shape), Type (Slag Wool, Glass Wool, Rock Wool), End-Users (Residential, Commercial, Industrial), Application (Fire Protection, Thermal Insulation, Acoustic Insulation, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa), Industry Trends and Forecast to 2028
Mineral wool market will reach an estimated valuation of USD 19.14 billion by 2028, while registering this growth at a rate of 6.63% for the forecast period of 2021 to 2028. Mineral wool market report analyses the growth, which is currently being growing due to increasing applications in various industries.
The growing awareness among the rising number of people regarding health, rising demand for energy-efficient buildings, adoption of stringent regulatory policies, increasing usage of mineral wool due to their durability, thermal property well as cost efficiency are some of the factors that will likely to enhance the growth of the mineral wool market in the forecast period of 2021-2028. On the other hand, the rising need for energy and comfort will further boost various opportunities that will lead to the growth of the mineral wool market in the above-mentioned forecast period.
Lack of awareness along with rising crisis in construction industry will hamper the growth of the mineral wool market in the above mentioned forecast period.
This mineral wool market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on mineral wool market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Mineral Wool Market Scope and Market Size
Mineral wool market is segmented on the basis of type, end-products, end-users and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the mineral wool market is segmented into slag wool, glass wool, and rock wool.
- Based on end-products, the mineral wool market is segmented into blankets, panel (acoustic), board, and customized shape.
- Based on end-users, the mineral wool market is segmented into residential, commercial, and industrial.
- Mineral wool market is segmented in terms of market value, volume, market opportunities, and niches into multiple applications. The application segment for mineral wool market includes fire protection, thermal insulation, acoustic insulation, and others.
Mineral Wool Market Country Level Analysis
Mineral wool market is analysed and market size, volume information is provided by country, type, end products, end-users and application as referenced above.
The countries covered in the mineral wool market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the mineral wool market due to the growth of the automotive industry along with availability of raw material and labour at affordable price and favourable government policies. North America region is expected to hold the largest growth rate due to the adoption of regulations imposed by government along with growth of automotive industry.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Mineral Wool Market Share Analysis
Mineral wool market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to mineral wool market.
The major players covered in the mineral wool market report are Johns Manville., Knauf Insulation., Owens Corning, Paroc Group, ROCKWOOL International A/S, Saint-Gobain, URSA, IZOCAM TIC., USG Corporation., PGF, Thermafiber, Inc., Lloyd Insulations (India) Limited., Gyptech Systems Private Limited., Polybond., Minwool Rock Fibres Limited, PUNJSTAR INDUSTRIES PVT. LTD., Shree Ram Equitech Pvt. Ltd., DHANBAD ROCKWOOL INSULATION PRIVATE LIMITED, METECNO, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.