FUTURE GROWTH OF THE MINERAL WOOL MARKET, OPPORTUNITIES, CHALLENGES AND ANALYSIS OF THE COMPANY PROFILE


“Mineral wool – Global Market Outlook (2020 – 2028)”

Mineral Wool Market Forecast to 2028 – Global Analysis by Type (Stone Wool / Stone Wool, Glass Wool & Slag Wool), Product Type, End User and by Geography

The global mineral wool market is worth $ 10,864.09 million in 2020 and is projected to reach $ 20,559.89 million by 2028, with a CAGR of 8.3% during the forecast period. Increasing modernization of mineral wool products, increasing use of sound insulation, and growing fitness concerns among the population are the major factors propelling the market growth. However, the availability of cheap insulation materials and the lack of knowledge of the people are hampering the growth of the market.

Some of the major players featured in the mineral wool market include BYUCKSAN, CertainTeed, Fabricating Services, Inc, Guardian Industries, Izocam, Johns Manville Inc., Knauf Insulation GmbH, Korff Isolmatic GmbH, Owens Corning, Rockwool International A / S, Saint – Gobain, TechnoNICOL, Uralita SA, URSA Insulation SA and USG Corporation.

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Types covered: • Rock wool / rock wool • Glass wool • Slag wool

Types of products covered: • Board • Blanket • Loose wool • Panel (acoustic) • Custom shape

End users covered: • Residential • Commercial • Industrial

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The global mineral wool market is primarily driven by the increasing modernization of mineral wool products, the increasing use of sound insulation, and the growing fitness concerns among the population. The blankets segment is growing at the highest CAGR as it offers excellent flexibility, vibration resilience and economies of scale. North America has dominated with a significant market share due to the adoption of government imposed regulations as well as the growth of the automotive industry. The Asia-Pacific market is growing at the highest CAGR due to increasing urbanization, high industrialization rates, and increasing construction spending.

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