Mineral Wool Insulation Market: Trends, Opportunities and Competitive Analysis [2024-2030]

Mineral Wool Insulation Market Trends and Forecast

The future of the global mineral wool insulation market looks promising with opportunities in the residential & non-residential construction, industrial, HVAC, and appliance markets. The global mineral wool insulation market is expected to reach an estimated $33.2 billion by 2030 with a CAGR of 5.4% from 2024 to 2030. The major drivers for this market are increasing construction activities, stringent government regulations and building codes for energy efficiency & fire safety, globally.

Emerging Trends in the Mineral Wool Insulation Market

Emerging trends, which have a direct impact on the dynamics of the industry, include the shift towards eco-friendly green insulation, growing focus on glass wool insulation recycling, and the development of lightweight & high fire resistant insulation.

A total of 133 figures / charts and 107 tables are provided in this 230-page report to help in your business decisions. Sample figures with insights are shown below.

Mineral Wool Insulation Market by Segment

The study includes trends and forecast for the global mineral wool insulation market by material type, product type, end use industry, and region as follows:

Mineral Wool Insulation Market by Material Type [Volume (Kilotons) and $M shipment analysis for 2018 - 2030]:

• Glass Wool Insulation
• Stone Wool Insulation

Mineral Wool Insulation Market by Product Type [Volume (Kilotons) and $M shipment analysis for 2018 - 2030]:

• Blankets (batts and rolls)
• Rigid Boards
• Loose Fill Materials
• Other Forms

Mineral Wool Insulation Market by End Use Industry [Volume (Kilotons) and $M shipment analysis for 2018 - 2030]:

• Residential Construction
• Non-Residential Construction
• Industrial and HVAC
• Appliances and Others

Mineral Wool Insulation Market by Region [Volume (Kilotons) and $M shipment analysis for 2018 - 2030]:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • The United Kingdom
  • France
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
• The Rest of the World
  • Brazil
  • Argentina

List of Mineral Wool Insulation Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies mineral wool insulation companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the mineral wool insulation companies profiled in this report includes.

• Saint-Gobain
• The Rockwool Group
• Owens Corning
• Knuaf Insulation
• Johns Manville
• Paroc
• TechnoNICOL
• URSA
• KCC Corporation

Mineral Wool Insulation Market Insight

• Lucintel forecasts that residential construction will remain the largest end use industry, and it is also expected to witness the highest growth over the forecast period due to the growth in new home construction and renovation activities.
• Glass wool will remain the largest material type, and it is also expected to witness the highest growth over the forecast period due to low cost, ease of raw material availability, and compliance with numerous building standards.
• Europe is expected to remain the largest market by value and volume, due to stringent fire safety and energy efficiency standards.

Features of Mineral Wool Insulation Market

• Market Size Estimates:Mineral wool insulation market size estimation in terms of value ($M) and volume (kilotons)
• Trend and Forecast Analysis:Market trends (2018-2023) and forecast (2024-2030) by various segments and regions.
• Segmentation Analysis:Market size by material type, product type, and end use industry.
• Regional Analysis:Mineral wool insulation market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth Opportunities:Analysis of growth opportunities in different material type, product type, end use industry, and regions for the mineral wool insulation market.
• Strategic Analysis:This includes M&A, new product development, and competitive landscape for the mineral wool insulation market.
• Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the mineral wool insulation market size?

Answer:The global mineral wool insulation market is expected to reach an estimated $33.2 billion by 2030.

Q2. What is the growth forecast for mineral wool insulation market?

Answer:The mineral wool insulation market is expected to grow at a CAGR of 5.4% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the mineral wool insulation market?

Answer: The major drivers for this market are increasing construction activities, stringent government regulations and building codes for energy efficiency & fire safety, globally.

Q4. What are the major applications or end use industries for mineral wool insulation?

Answer:Glass wool and stone wool are the major end use industries for mineral wool insulation.

Q5. What are the emerging trends in mineral wool insulation market?

Answer:Emerging trends, which have a direct impact on the dynamics of the industry, include the shift towards eco-friendly green insulation, growing focus on glass wool insulation recycling, and the development of lightweight & high fire resistant insulation.

Q6. Who are the key mineral wool insulation companies?

Answer:Some of the key mineral wool insulation companies are as follows:

• Saint-Gobain
• The Rockwool Group
• Owens Corning
• Knuaf Insulation
• Johns Manville
• Paroc
• TechnoNICOL
• URSA
• KCC Corporation

Q7. Which mineral wool insulation product segment will be the largest in future?

Answer: Lucintel forecasts that glass wool will remain the largest material type, and it is also expected to witness the highest growth over the forecast period due to low cost, ease of raw material availability, and compliance with numerous building standards.

Q8. In mineral wool insulation market, which region is expected to be the largest in next 5 years?

Answer:Europe is expected to remain the largest region and witness the highest growth over next 5 years

Q9. Do we receive customization in this report?

Answer:Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

• Q.1 What are some of the most promising potential, high growth opportunities for the global mineral wool insulation market by product type (blankets [batts and rolls], rigid boards, loose fill materials, and other forms), end use industry (residential construction, non-residential construction, industrial and HVAC, and appliances and others), material type (glass wool insulation and stone wool insulation), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2 Which segments will grow at a faster pace and why?
• Q.3 Which regions will grow at a faster pace and why?
• Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
• Q.5 What are the business risks and threats to the market?
• Q.6 What are the emerging trends in this market and the reasons behind them?
• Q.7 What are the changing demands of customers in the market?
• Q.8 What are the new developments in the market? Which companies are leading these developments?
• Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
• Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
• Q.11 What M & A activities have taken place in the last 5 years in this market?