PUBLISHER: The Business Research Company | PRODUCT CODE: 1823000
PUBLISHER: The Business Research Company | PRODUCT CODE: 1823000
Mineral wool insulation is a thermal and acoustic insulating material produced from natural rock or recycled slag. It is created by melting these raw materials at high temperatures and spinning them into fibrous mats. Its main function is to minimize heat transfer and reduce sound within buildings and industrial systems.
The primary types of mineral wool insulation include glass wool, rock (or stone) wool, slag wool, and others. Glass wool is made by melting glass and spinning it into fibers, providing thermal, acoustic, and fire insulation for buildings and industrial uses. Available products include boards, blankets, loose wool, panels, customized shapes, and more, serving diverse end-user industries such as automotive and transportation, building and construction, industrial and consumer appliances, among others.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the construction sector, particularly in materials procurement and project costs. Higher duties on imported steel, aluminum, lumber, and machinery have driven up expenses for builders, contractors, and infrastructure developers, leading to increased project bids and delayed timelines. Construction equipment manufacturers face similar challenges, with tariffs on essential components and raw materials inflating production costs and squeezing margins. Additionally, retaliatory tariffs in international markets have curtailed exports of U.S.-made construction equipment and materials, further affecting profitability. The sector must now prioritize local sourcing, modular construction techniques, and supply chain diversification to control costs and ensure project viability amid ongoing trade uncertainties.
The mineral wool insulation market research report is one of a series of new reports from The Business Research Company that provides mineral wool insulation market statistics, including the mineral wool insulation industry global market size, regional shares, competitors with the mineral wool insulation market share, detailed mineral wool insulation market segments, market trends, and opportunities, and any further data you may need to thrive in the mineral wool insulation industry. This mineral wool insulation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The mineral wool insulation market size has grown strongly in recent years. It will grow from $19.65 billion in 2024 to $20.86 billion in 2025 at a compound annual growth rate (CAGR) of 6.1%. The growth during the historic period can be attributed to increasing demand for energy-efficient buildings, expansion in construction activities, government regulations on thermal insulation, heightened awareness of fire safety standards, and industrial growth requiring high-temperature insulation.
The mineral wool insulation market size is expected to see strong growth in the next few years. It will grow to $26.11 billion in 2029 at a compound annual growth rate (CAGR) of 5.8%. The growth projected for the forecast period can be attributed to increasingly stringent energy efficiency codes and green building mandates, rising investments in commercial infrastructure, expansion in industrial manufacturing and power generation, urbanization in emerging economies, and a focus on sustainable and recyclable insulation materials. Key trends during this period include the adoption of eco-friendly insulation materials, technological advancements in product design and performance, integration of mineral wool in prefabricated and modular buildings, implementation of smart insulation systems, and the use of recycled raw materials in production.
The rising construction activities are expected to drive the growth of the mineral wool insulation market in the coming years. Construction activity encompasses the initiation of new housing and commercial projects, including single-family and multifamily units as well as business developments, fueled by consumer demand and economic factors. This activity is increasing mainly due to rapid urbanization and growing infrastructure investments supported by government initiatives and economic expansion. Mineral wool insulation contributes to construction by enhancing fire safety, improving structural integrity, and ensuring compliance with building codes. For example, according to the UK's Office for National Statistics, construction output grew by 5.6% in 2022 following a significant 12.8% rise in 2021. Therefore, the surge in construction is propelling the mineral wool insulation market.
Key companies in the mineral wool insulation market are focusing on innovative products such as 32 lambda glass mineral wool insulation slabs to boost thermal performance, comply with stricter energy efficiency regulations, and meet the rising demand for sustainable, high-performance building materials. The 32 lambda glass mineral wool insulation slab offers low thermal conductivity of 0.032 watts per meter kelvin (W/mK), designed to deliver superior energy efficiency and satisfy advanced building standards. For instance, in May 2023, Knauf Insulation, a Germany-based insulation manufacturer, launched OmniFit Slab 32-the first 32 lambda glass mineral wool insulation slab designed for light steel frame systems (SFS) in rainscreen facades and other external wall assemblies. It is suitable for high-rise residential buildings over 11 m and 18 m and complements the Rocksilk RainScreen Slab to meet stringent fire safety, thermal, and acoustic requirements, including Building Regulations Part E (40.0 RwdB). As part of the OmniFit range, it provides excellent thermal conductivity (0.032-0.040 W/mK), high acoustic performance, and sustainability benefits such as up to 80% recycled content, reduced embodied carbon compared to rock mineral wool, and efficient packaging that lowers transport emissions.
In October 2024, Knauf Group, a Germany-based building materials company, acquired Texnopark's Rock Mineral Wool insulation business for an undisclosed amount. This acquisition aims to expand Knauf's insulation operations into Central Asia by leveraging Texnopark's advanced low-carbon rock mineral wool production facility to meet the region's increasing demand for sustainable and energy-efficient building materials. Texnopark LLC is a mineral wool insulation manufacturer based in Uzbekistan.
Major players in the mineral wool insulation market are Compagnie de Saint-Gobain S.A., Owens Corning, Johns Manville Corporation, Rockwool A/S, Knauf Insulation Inc., Paroc Group Oy, URSA Insulation S.A., Fletcher Insulation Pty Limited, KIMMCO-ISOVER, Superglass Insulation Limited, Anco Products Inc., Thermafiber Inc., Shanghai ABM Rock Wool Co. Ltd., Icon Insulation Ltd., TechnoNICOL Corporation, Roxul Inc., Ode YalItIm Sanayi ve Ticaret A.S., Ravaber YalItIm Sanayi ve Ticaret A.S., Langfang Juheng Building Materials Co. Ltd., and Izocam Ticaret ve Sanayi A.S.
North America was the largest region in the mineral wool insulation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in mineral wool insulation report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the mineral wool insulation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The mineral wool insulation market consists of sales of products including pipe insulation wraps, preformed pipe sections, acoustic insulation panels, high-temperature industrial insulation, and ceiling insulation tiles. 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 value of goods in this market includes related services sold by the creators of the goods.
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.
Mineral Wool Insulation Global Market Report 2025 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 insulation 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.
Where is the largest and fastest growing market for mineral wool insulation ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The mineral wool insulation 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.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.