Mineral Wool Market 2022-2028

Description

List of Tables

Global Mineral Wool Market Size, Share & Trends Analysis Report by Type (Glass Wool, Stone Wool, and Loose Wool), By Product (Board, Blanket, Loose Wool, and Others) By End User (Automotive and Transportation Building and Construction, Industrial and Consumer Appliances, and Other End-user industries) Forecast Period 2022-2028

The global market for mineral wool is projected to have a considerable CAGR of around 5.9% during the forecast period. Mineral wool, a versatile material made from rock and slag is the commonly used insulation material. The mineral wool can also be made from recycled material and thus is an economical and environment-friendly material. Construction activity is on the rise, and global government restrictions are becoming more stringent. Mineral wool insulation has also grown as a result of stricter construction rules for energy efficiency and fire safety. Further, the trend toward environmentally friendly insulation is increasing emphasis on glass wool insulation recycling as well as the creation of lightweight, fire-resistant insulation. Moreover, Emerging products are being introduced to the market, which could have a favorable effect on the market. For instance, in May 2018, Isopan introduced new mineral wool insulated panel variety on a Romanian production line.

The global mineral wool market is segmented based on type, product, and end-user. Based on the types, the market is further classified into glass wool, stone wool, and loose wool. On the basis of product, the market is further segmented into the board, blanket, and lost wool. Further, based on the end-user the market is classified into automotive and transportation building and construction, industrial and consumer appliances, and other end-user industries.

Geographically market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Due to the increasing growth of industries such as construction, the Asia Pacific region dominated the global mineral wool panels market. China and India are witnessing positive growth due to high GDP growth, rising disposable income, and purchasing power. For instance, IMF (International Monetary Fund) has projected a growth rate of 12.5% for India for the year 2021.

The key players of the market include Rockwool International AS, Owens Corning, Knauf Insulation, Compagnie de Saint-Gobain S.A. among others. These market players adopt various strategies such as product launches, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market. In July 2020, Johns Manville, a global manufacturer of energy-efficient building and industrial insulation products and a Berkshire Hathaway company, announced the launch of a complete portfolio of water-repellent, mineral wool industrial insulation materials, adding v-groove pipe, industrial board, blankets, and fittings. The launch of MinWool-1200 water-repellent products is in response to the growing demand for water-repellent materials in the industrial insulation market.

Research Methodology

The market study of the global mineral wool market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

Financial reports of companies involved in the market.
Whitepapers, research papers, and news blogs.
Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Global Mineral Wool Market Research and Analysis by Type

2. Global Mineral Wool Market Research and Analysis by Product

3. Global Mineral Wool Market Research and Analysis by End-user

The Report Covers:

Comprehensive Research Methodology of the global mineral wool market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global mineral wool market.
Insights about market determinants that are stimulating the global mineral wool market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players

Product Code: OMR2026301

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
Impact of COVID-19 on the Global Mineral Wool Industry
Recovery Scenario of Global Mineral Wool Industry
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. By Geography

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Trade Analysis
- 2.2.3. Porter's Analysis
- 2.2.4. Recommendations
- 2.2.5. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
- 3.1.1. Overview
- 3.1.2. Financial Analysis
- 3.1.3. SWOT Analysis
- 3.1.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on key players

4. Market Determinants

4.1. Motivators
4.2. Restraints
4.3. Opportunities

5. Market Segmentation

5.1. Global Mineral Wool Market, By Type
- 5.1.1. Glass Wool
- 5.1.2. Stone Wool
- 5.1.3. Slag Wool
5.2. Global Mineral Wool Market, By Product
- 5.2.1. Board
- 5.2.2. Blanket
- 5.2.3. Loose Wool
- 5.2.4. Others
5.3. Global Mineral Wool Market, By End User
- 5.3.1. Automotive and Transportation
- 5.3.2. Building and Construction
- 5.3.3. Industrial and Consumer Appliances
- 5.3.4. Others

6. Regional Analysis

6.1. North America
- 6.1.1. United States
- 6.1.2. Canada
6.2. Europe
- 6.2.1. UK
- 6.2.2. Germany
- 6.2.3. Italy
- 6.2.4. Spain
- 6.2.5. France
- 6.2.6. Rest of Europe
6.3. Asia-Pacific
- 6.3.1. China
- 6.3.2. India
- 6.3.3. Japan
- 6.3.4. South Korea
- 6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
- 6.4.1. Latin America
- 6.4.2. Middle East & Africa

7. Company Profiles

7.1. CertainTeed Corp
7.2. Compagnie de Saint-Gobain S.A.
7.3. Great Lakes Textiles
7.4. Guardian Fiberglass, Inc
7.5. Industrial Insulation Group, LLC.
7.6. ISOVER Co
7.7. Johns Manville
7.8. Kingspan Group Plc
7.9. Knauf Insulation
7.10. Korff Isolmatic Sp. z o.o.
7.11. National Industrial Co.
7.12. NTN OOD
7.13. Owens Corning
7.14. Rockwool International A/S
7.15. Rosewool Insulation Refractory Co. Ltd
7.16. Roxul Inc
7.17. Thermafiber, Inc
7.18. URSA Insulation S.A.
7.19. USG Interiors, Inc.