PUBLISHER: The Insight Partners | PRODUCT CODE: 1713239
PUBLISHER: The Insight Partners | PRODUCT CODE: 1713239
The Italy mineral wool market size was valued at US$ 779.24 million in 2024 to US$ 1089.47 million by 2031; it is expected to register a CAGR of 5.1% from 2025 to 2031.
Mineral wool has a broad application scope in various industries, including, automotive, oil and gas, power generation, and aerospace. In the oil and gas and other industries, mineral wool is used to protect pipelines, piping, and structures against heat transfer in the system. In industries such as automotive, aerospace, and power generation, mineral wool prevents overheating and reduces sound pollution.
The strategic geographic location in Europe and the Mediterranean area of Italy makes it an ideal market for foreign investments in various end-use industries such as automotive, oil and gas, building and construction, aerospace, and power generation. According to the International Trade Administration, Italy is the second-largest manufacturing country in Europe. It is a major manufacturer of automotive vehicles. The sales of lightweight commercial vehicles reached 160,830 units in 2022, which further increased by 8.8% in 2023. As per the same source, the oil & gas industry is one of the most prominent industries in the country. Natural gas and oil contribute to 38% and 37% of the total energy supply, respectively, in the country. The International Trade Administration also states that Italy has the 12th largest construction industry globally, owing to increased investments. According to the National Association of Building Contractors, investments in the construction industry rose by 17.6%, reaching US$ 176.2 billion in 2022 compared to 2021. The continuous growth of these industries is expected to generate growth opportunities for the Italy mineral wool market in the coming years. Further, the Central Public Administration Energy Requalification Program (PREPAC) in Italy aims to improve public buildings' energy efficiency by 3% annually. The program covers up to 100% of the planned expenses within the limits of the resources available for the relevant year. The planned retrofitting and renovation projects use mineral wool for insulation of the walls, roofs, and floors to provide heating, ventilation, cooling, fire resistance, and soundproofing to the building. Such favorable government initiatives propelling renovations and retrofitting projects for the incorporation of insulation drive the demand for mineral wool products such as boards and blankets across Italy.
Mineral wool is a fibrous material produced by drawing or spinning molten mineral or rock materials such as ceramics and slag. In addition to being non-combustible, its properties, such as soundproofing, thermal conductivity, and durability, make it an ideal insulation material in various industries, including building and construction, automotive, oil and gas, power generation, and aerospace. Favorable government policies, such as Conto Termico promoting renovations and retrofitting of existing buildings for adding insulation materials to prevent fire incidents and reduce energy consumption in buildings, drive the demand for mineral wool insulation in Italy.
Owing to rising environmental awareness, Italy exhibits a growing preference for sustainable materials; this has resulted in several mineral wool manufacturers launching mineral wool produced using sustainable materials such as recycled glass and bottles as well as waste from construction sites, which aligns with stringent government regulations in the Italian market.