Global Mineral Wool Market Size, Forecasts, And Opportunities – Includes Mineral Wool Market Demand
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The global mineral wool market is expected to grow from $12.27 billion in 2021 to $13.05 billion in 2022 at a compound annual growth rate (CAGR) of 6.33%. The global mineral wool market size is expected to grow to $17.06 billion in 2026 at a compound annual growth rate (CAGR) of 6.93%.
The strong growth in the pre-engineered building industry is expected to propel the growth of the mineral wool market.
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The mineral wool market consists of sales of mineral wool by entities (organizations, sole traders, and partnerships) that are used as an insulator to withstand extreme heat. It is a fibrous material manufactured using a controlled mix of raw materials such as stone or silica that is melted under a certain heat temperature and converted into a flexible fibrous mat. Mineral wool is a non-metallic and inorganic product that is formed into different shapes and faced with different kinds of sheet materials. Mineral wool contains loose granular material that is used for blown insulation of slabs for walls, cavity walls, and rolls that are used for loft insulation of pre-formed and faced pipe sections, acoustic panels, and ceiling tiles.
By Type: Glass Wool, Rock Wool, Others
By Form: Board, Blanket, Panel
By End Use Industry: Building And Construction, Industrial, Transportation, Other End Use
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific is the largest region in the global mineral wool market in 2021.
Glass wool insulation recycling is the key trend that is gaining popularity in the glass wool mineral market. Glass wool recycling refers to the use of the leftover/waste glass/wool to manufacture the final glass wool product. Key players are increasingly focusing on recycling glass materials to manufacture new glass wool, enabling them to reduce material costs and energy costs and decrease the environmental impact. Recycled materials also improve the quality of the final products. This process attracts customers and improves product sales for manufacturers.
TBRC’s Mineral Wool Market Report Covers:
Major Market Players: Compagnie de Saint-Gobain SA, John Manville, Knauf Insulation, Owens Corning, Rockwool International, Armacell India Private Limited, UP Twiga Fiberglass Limited, Gyptech Systems Pvt Ltd, Rockwool India Pvt Ltd, Izocam, Poly Glass Fiber Insulation, TechnoNICOL, URSA Insulation SA, Rosewool Insulation Refractory Co Ltd, Byucksan, Great Lakes Textiles, NTN OOD and PGF Insulation.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Mineral Wool Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides mineral wool market overviews, analyzes and forecasts market size, share, mineral wool market players, mineral wool market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s mineral wool market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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