Mineral Wool Market by Type (Glass Wool, Rock Wool and Others) by End use (Building & Construction, Industrial & Appliances, Transportation and Others) Regional Outlook (North America, Europe, Asia-Pacific, LAMEA), Global Opportunity Analysis and Industry Forecast, 2019–2026

Global Mineral Wool Market Research Report Overview 2026:

The mineral wool market size was $9,614.5 million in 2018 and is predicted to grow at a CAGR of 6.6% by generating a revenue of $16,031.8 million by 2026. Asia-pacific market was $3,383.3 million in 2018 and is predicted to grow at a CAGR of 7.7% in during forecast period.

Mineral wool are the fibers which are made from the synthetic materials. Mineral wools are easy to install, safe, fireproof and use recycled material to manufacture. Mineral wool is made from industrial waste (slag), stone or molten glass by melting the raw material at a very high temperature and spinning it to produce a very thin fiber. The resulting material is further coated so that the material holds itself together. The product can then be rolled or flattened into a film, depending on the need. The demand for the mineral wool are mainly driven by the industrial application where mineral wools are used as an insulation.

Mineral Wool Market Synopsis 

The market for mineral wool is primarily driven by product development and the rapidly growing construction industry across the globe.

The main restraining factor of the mineral wool market is the lack of skilled workforce for applying mineral wool to the surface as it has adverse effects on the human health.

According to the regional analysis of the market, the Asia-Pacific mineral wool market is anticipated to grow at a CAGR of 7.7%, by generating a revenue of $3,383.3 million during the review period.

Market Drivers and Restrains:

Increase in construction of the residential and commercial buildings is predicted to be the major mineral wool market drivers.

Mineral wool is mostly used as the insulator, and is considered to be one of the best insulators as compared to others. Due to availability of the raw material, ease of installation, durability and recycle property Mineral wool is being used by most of the construction companies as an insulator for construction of house or office premises. It has the feasibility of fire resistance, noise reduction and provides thermal protection. It also helps in preventing the air flow due to climatic change which maintains moderate temperature in the area. With the rise in the construction industry the demand for mineral wool is predicted to increase over the coming years.

Lack of skilled workforce for applying mineral wool to the surface is considered to be the biggest restrains for the market

Lack of skilled workforce for the application of mineral wool to the surface is considered to be the major restraint for the mineral wool material market. One may find easy to install the mineral wool into the surface but it’s the most dangerous thing which causes adverse effect on the health of the person. While applying the mineral wool the tiny particles may stick to the skin of the worker and cause serious skin disease. Moreover, if it is inhaled, it can have adverse effects on the lungs, which can be a serious threat to the handlers. Due to these reasons the workers are not interested in handling mineral wool. This is the biggest restraint for the rockwool market.

Mineral wool market, by type:

Glass wool is the most effective and most profitable type in mineral wool market.

Source: Research Dive Analysis

Glass wool is expected to have the largest mineral wool market share of 58% in 2018. This segment generated a revenue of $5,634.1 million in 2018 and is predicted to grow at a CAGR of 6.3% during the forecast period. The glass wool is the majorly used insulation material due to its easy installation, fire proof property and low prices. It also acts like an excellent sound barrier which doesn’t allow the sound coming from outside and also limit the transfer of heat & cold and keeps room temperature normal. Glass wool are easy to clean and are comparatively strong and durable. Due to these factors, it is expected to drive the mineral wool market in the forecast period.

Mineral wool market, by end use:

Building and construction is predicted to have the highest mineral wool market growth in the forecast period.

Source: Research Dive Analysis

Mineral wool market forecast that building and construction segment is considered to have the highest growth rate in the forecast period. This segment is predicted to grow at a CAGR of 6.9% by generating a revenue of $8,737.3 million by 2026. Due to the increase in urbanization, change in the social trends, and rising consumer spending on renewable construction will significantly enhance the use of mineral wool in the building & construction sector. In addition, it has proven to be the most cost effective insulator for the use in the building and construction.

Mineral wool market, by Asia-Pacific Region:

Asia-Pacific can create an opportunity for the investors in the mineral wool market in the forecast period

Source: Research Dive Analysis

Asia-Pacific accounted for the largest market share of over 35% in 2018. Asia-pacific market was $3,383.3 in 2018 and is predicted to grow at a CAGR of 7.7% in the forecast period. Asia pacific with its emerging economy and increase in the construction sector and rise in the industrial base is projected to drive the mineral wool market. In addition, government initiatives in renovating the existing building is anticipated to accelerate the region for mineral wool market.

Key participants in Mineral wool market:

Source: Research Dive Analysis

Mineral Wool Market players are Owens Corning India Ltd., Maghard Insulators, Rockwool International, Saint-Gobain, Knauf Insulation, Thermafiber, Inc., USG Interiors Inc, Johns Manville, Roxul Inc., and CertainTeed Corp among others.

Report Scope:

Source: Research Dive Analysis

1.    Research Methodology

1.1.    Desk Research
1.2.    Real time insights and validation
1.3.    Forecast model
1.4.    Assumptions and forecast parameters

1.4.1.    Assumptions
1.4.2.    Forecast parameters

1.5.    Data sources

1.5.1.    Primary
1.5.2.    Secondary

2.    Executive Summary

2.1.    360° summary
2.2.    Type trends
2.3.    End use trends

3.    Market overview

3.1.    Market segmentation & definitions
3.2.    Key takeaways

3.2.1.    Top investment pockets
3.2.2.    Top winning strategies

3.3.    Porter’s five forces analysis

3.3.1.    Bargaining power of consumers
3.3.2.    Bargaining power of suppliers
3.3.3.    Threat of new entrants
3.3.4.    Threat of substitutes
3.3.5.    Competitive rivalry in the market

3.4.    Market dynamics

3.4.1.    Drivers
3.4.2.    Restraints
3.4.3.    Opportunities

3.5.    Technology landscape
3.6.    Regulatory landscape
3.7.    Patent landscape
3.8.    Pricing overview

3.8.1.    By type
3.8.2.    By end use
3.8.3.    By region

3.9.    Market value chain analysis

3.9.1.    Stress point analysis
3.9.2.    Raw material analysis
3.9.3.    Manufacturing process
3.9.4.    Distribution channel analysis
3.9.5.    Operating vendors

3.9.5.1.    Raw material suppliers
3.9.5.2.    Product manufacturers
3.9.5.3.    Product distributors

3.10.    Strategic overview

4.    Mineral wool market, by Type

4.1.    Glass Wool

4.1.1.    Market size and forecast, by region, 2017-2028
4.1.2.    Comparative market share analysis, 2018 & 2028

4.2.    Rock Wool

4.2.1.    Market size and forecast, by region, 2017-2028
4.2.2.    Comparative market share analysis, 2018 & 2028

4.3.    Others

4.3.1.    Market size and forecast, by region, 2017-2028
4.3.2.    Comparative market share analysis, 2018 & 2028

5.    Mineral wool market, by End use

5.1.    Building & Construction

5.1.1.    Market size and forecast, by region, 2017-2028
5.1.2.    Comparative market share analysis, 2018 & 2028

5.2.    Industrial & Appliances

5.2.1.    Market size and forecast, by region, 2017-2028
5.2.2.    Comparative market share analysis, 2018 & 2028

5.3.    Transportation

5.3.1.    Market size and forecast, by region, 2017-2028
5.3.2.    Comparative market share analysis, 2018 & 2028

5.4.    Others

5.4.1.    Market size and forecast, by region, 2017-2028
5.4.2.    Comparative market share analysis, 2018 & 2028

6.    Mineral wool market, by Region

6.1.    North Region

6.1.1.    Market size and forecast, by type, 2017-2028
6.1.2.    Market size and forecast, by end-use, 2017-2028
6.1.3.    Market size and forecast, by country, 2017-2028
6.1.4.    Comparative market share analysis, 2018 & 2028
6.1.5.    U.S

6.1.5.1.    Market size and forecast, by type, 2017-2028
6.1.5.2.    Market size and forecast, by end-use, 2017-2028
6.1.5.3.    Comparative market share analysis, 2018 & 2028

6.1.6.    Canada

6.1.6.1.    Market size and forecast, by type, 2017-2028
6.1.6.2.    Market size and forecast, by end-use, 2017-2028
6.1.6.3.    Comparative market share analysis, 2018 & 2028

6.2.    Europe

6.2.1.    Market size and forecast, by type, 2017-2028
6.2.2.    Market size and forecast, by end-use, 2017-2028
6.2.3.    Market size and forecast, by country, 2017-2028
6.2.4.    Comparative market share analysis, 2018 & 2028
6.2.5.    Germany

6.2.5.1.    Market size and forecast, by type, 2017-2028
6.2.5.2.    Market size and forecast, by end-use, 2017-2028
6.2.5.3.    Comparative market share analysis, 2018 & 2028

6.2.6.    France

6.2.6.1.    Market size and forecast, by type, 2017-2028
6.2.6.2.    Market size and forecast, by end-use, 2017-2028
6.2.6.3.    Comparative market share analysis, 2018 & 2028

6.2.7.    Rest of Europe

6.2.7.1.    Market size and forecast, by type, 2017-2028
6.2.7.2.    Market size and forecast, by end-use, 2017-2028
6.2.7.3.    Comparative market share analysis, 2018 & 2028

6.3.    Asia-Pacific

6.3.1.    Market size and forecast, by type, 2017-2028
6.3.2.    Market size and forecast, by end-use, 2017-2028
6.3.3.    Market size and forecast, by country, 2017-2028
6.3.4.    Comparative market share analysis, 2018 & 2028
6.3.5.    China

6.3.5.1.    Market size and forecast, by type, 2017-2028
6.3.5.2.    Market size and forecast, by end-use, 2017-2028
6.3.5.3.    Comparative market share analysis, 2018 & 2028

6.3.6.    India

6.3.6.1.    Market size and forecast, by type, 2017-2028
6.3.6.2.    Market size and forecast, by end-use, 2017-2028
6.3.6.3.    Comparative market share analysis, 2018 & 2028

6.3.7.    Japan

6.3.7.1.    Market size and forecast, by type, 2017-2028
6.3.7.2.    Market size and forecast, by end-use, 2017-2028
6.3.7.3.    Comparative market share analysis, 2018 & 2028

6.3.8.    South Korea

6.3.8.1.    Market size and forecast, by type, 2017-2028
6.3.8.2.    Market size and forecast, by end-use, 2017-2028
6.3.8.3.    Comparative market share analysis, 2018 & 2028

6.3.9.    Australia

6.3.9.1.    Market size and forecast, by type, 2017-2028
6.3.9.2.    Market size and forecast, by end-use, 2017-2028
6.3.9.3.    Comparative market share analysis, 2018 & 2028

6.3.10.    Rest of Asia-Pacific

6.3.10.1.    Market size and forecast, by type, 2017-2028
6.3.10.2.    Market size and forecast, by end-use, 2017-2028
6.3.10.3.    Comparative market share analysis, 2018 & 2028

6.4.    LAMEA

6.4.1.    Market size and forecast, by type, 2017-2028
6.4.2.    Market size and forecast, by end-use, 2017-2028
6.4.3.    Market size and forecast, by country, 2017-2028
6.4.4.    Comparative market share analysis, 2018 & 2028
6.4.5.    Middle west

6.4.5.1.    Market size and forecast, by type, 2017-2028
6.4.5.2.    Market size and forecast, by end-use, 2017-2028
6.4.5.3.    Comparative market share analysis, 2018 & 2028

6.4.6.    Africa

6.4.6.1.    Market size and forecast, by type, 2017-2028
6.4.6.2.    Market size and forecast, by end-use, 2017-2028
6.4.6.3.    Comparative market share analysis, 2018 & 2028

7.    Company profiles

7.1.    Owens Corning, India Ltd.

7.1.1.    Business overview
7.1.2.    Financial performance
7.1.3.    Product portfolio
7.1.4.    Recent strategic moves & developments
7.1.5.    SWOT analysis

7.2.    Maghard Insulators

7.2.1.    Business overview
7.2.2.    Financial performance
7.2.3.    Product portfolio
7.2.4.    Recent strategic moves & developments
7.2.5.    SWOT analysis

7.3.    ROCKWOOL International A/S

7.3.1.    Business overview
7.3.2.    Financial performance
7.3.3.    Product portfolio
7.3.4.    Recent strategic moves & developments
7.3.5.    SWOT analysis

7.4.    Saint-Gobain

7.4.1.    Business overview
7.4.2.    Financial performance
7.4.3.    Product portfolio
7.4.4.    Recent strategic moves & developments
7.4.5.    SWOT analysis

7.5.    Knauf Insulation

7.5.1.    Business overview
7.5.2.    Financial performance
7.5.3.    Product portfolio
7.5.4.    Recent strategic moves & developments
7.5.5.    SWOT analysis

7.6.    Thermafiber, Inc.

7.6.1.    Business overview
7.6.2.    Financial performance
7.6.3.    Product portfolio
7.6.4.    Recent strategic moves & developments
7.6.5.    SWOT analysis

7.7.    USG Interiors Inc.

7.7.1.    Business overview
7.7.2.    Financial performance
7.7.3.    Product portfolio
7.7.4.    Recent strategic moves & developments
7.7.5.    SWOT analysis

7.8.    Johns Manville

7.8.1.    Business overview
7.8.2.    Financial performance
7.8.3.    Product portfolio
7.8.4.    Recent strategic moves & developments
7.8.5.    SWOT analysis

7.9.    Roxul Inc.

7.9.1.    Business overview
7.9.2.    Financial performance
7.9.3.    Product portfolio
7.9.4.    Recent strategic moves & developments
7.9.5.    SWOT analysis

7.10.    CertainTeed Corp

7.10.1.    Business overview
7.10.2.    Financial performance
7.10.3.    Product portfolio
7.10.4.    Recent strategic moves & developments
7.10.5.    SWOT analysis

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