Sun. Jun 20th, 2021
Mineral Wool Market

According to the report, the global mineral wool industry accounted for $9.9 billion in 2018, and is expected to reach $16.0 billion by 2026, growing at a CAGR of 6.3% from 2019 to 2026.

Major driving factors
Preference for energy-efficient buildings and increased adoption in vehicle systems have boosted the growth of the global mineral wool market. However, lack of awareness regarding insulation products hampers the market growth. On the contrary, the emergence of concepts such as zero energy building is expected to create lucrative opportunities in the near future.

Hurry up! Get 25% Discount on Request Sample Report:

The rock wool segment to portray the fastest CAGR through 2026
Based on type, the rock wool segment is expected to manifest the highest CAGR of 6.7% during the forecast period, owing to increase in demand from the residential and commercial sector and its characteristics such as excellent mechanical strength, which makes it ideal for insulation roofs, color steel sandwich panels, and other applications. However, the glass wool segment held the largest share in 2018, accounting for nearly three-fifths of the global mineral wool market, owing to its properties such as lightweight and ease of application.

The building & construction segment held the largest share
Based on end-user industry, the building & construction segment dominated the global mineral wool market in 2018, contributing to more than half of the market, owing to  rise in demand from the construction industry, majorly from LAMEA and Asia-Pacific regions. However, the transportation segment is projected to portray the highest CAGR of 6.9% during the forecast period, due to an increase in the need for insulation in the transport applications.

Asia-Pacific, followed by North America, dominated the market in terms of revenue
Based on geography, the market across Asia-Pacific held the largest share in 2018, accounting for more than one-third of the total revenue. In addition, the region is anticipated to register the fastest CAGR of 7.4% during the study period, due to rise in demand from the construction industry and noteworthy growth of the automobile sector. The global mineral wool market across North America held the second-largest share in 2018, contributing to nearly one-third of the market.

Major market players

  • Compagnie de Saint-Gobain S.A.
  • John Manville
  • Korff Isolmatic GmbH
  • Knauf Insulation
  • Poly Glass Fibre Insulation
  • Owens Corning
  • TechnoNICOL
  • Rockwool International A/S
  • URSA Insulation S.A.

Interested in Procuring this Report? Visit Here:

About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
[email protected]
Follow Us on:
LinkedIn Twitter

By tushar