Mineral Wool Global Market Report 2024

Description

“Mineral Wool Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on mineral wool market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Measure the impact of high global inflation on market growth.
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Where is the largest and fastest growing market for mineral wool? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The mineral wool market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Glass Wool; Rock Wool; Other Types
2) By Form: Board; Blanket; Panel
3) By End Use Industry: Building And Construction; Industrial; Transportation; Other End Use
Companies Mentioned: Compagnie de Saint-Gobain SA; Johns Manville International Inc.; Knauf Insulation Inc.; Owens Corning Sales LLC; Rockwool International A/S
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Mineral wool is a non-metallic, inorganic product primarily made from either stone or silica that has been heated to a high temperature and transformed into a molten state. Carefully curated raw materials are utilized in the manufacturing process. Mineral wool is valued for its excellent thermal insulation properties, helping to prevent heat transmission through building envelopes and thereby reducing the need for energy in room heating and cooling.

The primary types of mineral wool include glass wool, rock wool, and other variations. Glass wool, for instance, is an insulation material manufactured from glass fibers arranged using a binder into a texture similar to wool. Glass wool is known for being eco-friendly and highly effective, meeting the requirements of various applications in different industries. It is available in three forms such as board, blanket, and panel. Mineral wool is used by industries such as building and construction, industrial, transportation, and other end-use sectors.

The mineral wool market research report is one of a series of new reports from The Business Research Company that provides mineral wool market statistics, including mineral wool industry global market size, regional shares, competitors with an mineral wool market share, detailed mineral wool market segments, market trends and opportunities, and any further data you may need to thrive in the mineral wool industry. This mineral wool market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The mineral wool market size has grown strongly in recent years. It will grow from $13. 77 billion in 2023 to $14. 84 billion in 2024 at a compound annual growth rate (CAGR) of 7. 8%. The growth observed in the historical period can be attributed to factors such as the expansion of the construction industry, increased emphasis on energy efficiency regulations, applications in industrial settings, and activities related to renovation and retrofitting.

The mineral wool market size is expected to see strong growth in the next few years. It will grow to $20. 7 billion in 2028 at a compound annual growth rate (CAGR) of 8. 7%. The anticipated growth in the forecast period can be attributed to factors such as the increasing adoption of sustainable building materials, growth in urbanization and construction activities, targets for energy efficiency, and heightened awareness of environmental considerations. Major trends expected in the forecast period include technological advancements in the field, innovation in product development, adherence to stringent building codes and standards, the integration of digitalization and smart construction practices, a focus on customization and modular construction approaches, and the influence of e-commerce and online distribution in the industry.

The growth of the mineral wool market is anticipated to be propelled by the increasing demand in the construction sector. Construction involves the planning, design, and construction of physical structures, infrastructure, or facilities. Mineral wool contributes to energy efficiency, fire safety, durability, chemical resistance, indoor comfort, and overall building performance. According to a report from Oxford Economics in September 2021, global construction output is expected to increase by 42%, or $4. 5 trillion, reaching USD 15. 2 trillion by 2030. This surge in construction demand is a key factor driving the growth of the mineral wool market.

The mineral wool market is poised for growth due to the increasing demand for renewable energy. Mineral wool is utilized in renewable energy for insulation in energy-efficient structures and solar thermal systems, contributing to energy conservation and sustainable construction. According to gov. uk (assets publishing service) in September 2023, an additional 3. 0 GW of renewable capacity was added as of Q2 2022, indicating a 5. 8% increase compared to the previous year, with contributions from offshore wind, solar PV, and onshore wind. The rising demand for renewable energy is thus fueling the expansion of the mineral wool market.

A key trend gaining popularity in the glass wool mineral market is the recycling of glass wool insulation. Glass wool recycling involves using leftover or waste glass/wool to manufacture the final glass wool product. Companies are increasingly focusing on recycling glass materials to reduce material and energy costs, decrease environmental impact, and improve the quality of the final products. For instance, Isover, a German glass wool manufacturing company and a Saint-Gobain subsidiary, offers glass wool with up to 80% recycled glass content, reducing the need for new raw materials and landfilling while enhancing product quality.

Major companies in the mineral wool market are concentrating on the development of innovative products to drive revenues. One such product is ominifit slab 32, introduced by Knauf Insulation GmbH, a Belgium-based manufacturer of insulation materials. Ominifit slab 32 is designed for use in external wall systems of residential buildings and rain-screen facades. It surpasses necessary performance requirements, including thermal performance, fire safety, and acoustic performance meeting building regulations part E. The product has up to 80% recycled content, and Knauf Insulation employs an efficient compression packaging technique, translating to less handling and storage on-site, increased product per pack, and reduced environmental impact.

In February 2022, Saint-Gobain, a France-based material manufacturing company, acquired Rockwool India Private Ltd from Alghanim Group for an undisclosed amount. This strategic acquisition is expected to enhance Saint-Gobain's capabilities and contribute to global growth. Rockwool India Private Ltd specializes in producing stone wool insulation products for thermal, acoustic, and fire safety applications.

Major companies operating in the in the mineral wool market report are Compagnie de Saint-Gobain SA, Johns Manville International Inc., Knauf Insulation Inc., Owens Corning Sales LLC, Rockwool International A/S, Saint-Gobain ISOVER, Uralita Holdings S. A., Paroc Group Oy, Armacell International S. A., GAF Materials Corporation, Kingspan Group plc, Ursa Insulation S. A., Thermafiber Inc., Unifrax I LLC, Guardian Building Products Distribution Inc., Shandong Luyang Share Co. Ltd., Beijing New Building Material Co. Ltd., Hebei Huaneng Zhongtian Hi-Tech Co. Ltd., Hengxiang Insulation Materials Co. Ltd., Changzhou Tianqi Rockwool Co. Ltd., Jinan Shengquan Group Share Holding Co., Langfang Juheng Building Materials Co. Ltd., ODE Industry and Trade Limited Company, Changchun ShiLu Insulation Materials Co. Ltd., Byucksan Corporation, Rock Wool Manufacturing Company, OJSC Gomelglass, Sager AG, ISOMAT S. A., Stepan Company

Asia-Pacific was the largest region in the mineral wool market in 2023. The regions covered in the mineral wool market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the mineral wool market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The mineral wool market consists of sales of slag wool and stone wool. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The market value includes the value of related goods sold by the service provider or included within the service offering.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r10465

1. Executive Summary

2. Mineral Wool Market Characteristics

3. Mineral Wool Market Trends And Strategies

4. Mineral Wool Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Mineral Wool Market Size and Growth

5.1. Global Mineral Wool Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Mineral Wool Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Mineral Wool Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Mineral Wool Market Segmentation

6.1. Global Mineral Wool Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Glass Wool
Rock Wool
Other Types
6.2. Global Mineral Wool Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Board
Blanket
Panel
6.3. Global Mineral Wool Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Building And Construction
Industrial
Transportation
Other End Use

7. Mineral Wool Market Regional And Country Analysis

7.1. Global Mineral Wool Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Mineral Wool Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Mineral Wool Market

8.1. Asia-Pacific Mineral Wool Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Mineral Wool Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Mineral Wool Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. 4. Asia-Pacific Mineral Wool Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Mineral Wool Market

9.1. China Mineral Wool Market Overview
9.2. China Mineral Wool Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Mineral Wool Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9. 4. China Mineral Wool Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Mineral Wool Market

10.1. India Mineral Wool Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Mineral Wool Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Mineral Wool Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Mineral Wool Market

11.1. Japan Mineral Wool Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. Japan Mineral Wool Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Mineral Wool Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Mineral Wool Market

12.1. Australia Mineral Wool Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Mineral Wool Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Mineral Wool Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Mineral Wool Market

13.1. Indonesia Mineral Wool Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Mineral Wool Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Mineral Wool Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Mineral Wool Market

14.1. South Korea Mineral Wool Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. South Korea Mineral Wool Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Mineral Wool Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Mineral Wool Market

15.1. Western Europe Mineral Wool Market Overview
15.2. Western Europe Mineral Wool Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Mineral Wool Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. 4. Western Europe Mineral Wool Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Mineral Wool Market

16.1. UK Mineral Wool Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Mineral Wool Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Mineral Wool Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Mineral Wool Market

17.1. Germany Mineral Wool Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Mineral Wool Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Mineral Wool Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Mineral Wool Market

18. 5. France Mineral Wool Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 6. France Mineral Wool Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 7. France Mineral Wool Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Mineral Wool Market

19. 9. Italy Mineral Wool Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.10. Italy Mineral Wool Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.11. Italy Mineral Wool Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Mineral Wool Market

20.13. Spain Mineral Wool Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.14. Spain Mineral Wool Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.15. Spain Mineral Wool Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Mineral Wool Market

21.1. Eastern Europe Mineral Wool Market Overview
21.2. Eastern Europe Mineral Wool Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Mineral Wool Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. 4. Eastern Europe Mineral Wool Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Mineral Wool Market

22.1. Russia Mineral Wool Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Mineral Wool Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Mineral Wool Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Mineral Wool Market

23.1. North America Mineral Wool Market Overview
23.2. North America Mineral Wool Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Mineral Wool Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. 4. North America Mineral Wool Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Mineral Wool Market

24.1. USA Mineral Wool Market Overview
24.2. USA Mineral Wool Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Mineral Wool Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. 4. USA Mineral Wool Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Mineral Wool Market

25.1. Canada Mineral Wool Market Overview
25.2. Canada Mineral Wool Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Mineral Wool Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. 4. Canada Mineral Wool Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Mineral Wool Market

26.1. South America Mineral Wool Market Overview
26.2. South America Mineral Wool Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Mineral Wool Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. 4. South America Mineral Wool Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Mineral Wool Market

27.1. Brazil Mineral Wool Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Mineral Wool Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Mineral Wool Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Mineral Wool Market

28.1. Middle East Mineral Wool Market Overview
28.2. Middle East Mineral Wool Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Mineral Wool Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. 4. Middle East Mineral Wool Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Mineral Wool Market

29.1. Africa Mineral Wool Market Overview
29.2. Africa Mineral Wool Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Mineral Wool Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. 4. Africa Mineral Wool Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Mineral Wool Market Competitive Landscape And Company Profiles

30.1. Mineral Wool Market Competitive Landscape
30.2. Mineral Wool Market Company Profiles
- 30.2.1. Compagnie de Saint-Gobain SA
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1. 4. Financial Performance
- 30.2.2. Johns Manville International Inc.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2. 4. Financial Performance
- 30.2.3. Knauf Insulation Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3. 4. Financial Performance
- 30.2. 4. Owens Corning Sales LLC
  - 30.2. 4.1. Overview
  - 30.2. 4.2. Products and Services
  - 30.2. 4.3. Strategy
  - 30.2. 4. 4. Financial Performance
- 30.2. 5. Rockwool International A/S
  - 30.2. 5.1. Overview
  - 30.2. 5.2. Products and Services
  - 30.2. 5.3. Strategy
  - 30.2. 5. 4. Financial Performance

31. Global Mineral Wool Market Competitive Benchmarking

32. Global Mineral Wool Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Mineral Wool Market

34. Mineral Wool Market Future Outlook and Potential Analysis

34.1 Mineral Wool Market In 2028 - Countries Offering Most New Opportunities
34.2 Mineral Wool Market In 2028 - Segments Offering Most New Opportunities
34. 3 Mineral Wool Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35. 4. Research Inquiries
35. 5. The Business Research Company
35. 6. Copyright And Disclaimer