Mineral Wool Market, By Type, By End-use Industry, By Geography

Description

The Mineral Wool Market is estimated to be valued at USD 15.22 Bn in 2024 and is expected to reach USD 21.33 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	15.22 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	4.90%	2031 Value Projection:	21.33 Bn

Figure. Mineral Wool Market Share (%), By Region, 2024

The mineral wool market has been witnessing significant growth over the past few years. Mineral wool is a type of insulation made from inorganic materials such as rock, slag, or glass and is produced by spinning or blowing these materials into fine fibers. It has several desirable properties including superior fire resistance, thermal insulation, durability, and acoustics. Owing to the fast-growing construction industry especially in emerging economies and stringent government regulations regarding energy efficiency in buildings, the demand for mineral wool insulation has risen substantially.

Market Dynamics:

The global mineral wool market growth is driven by robust growth of the construction industry especially in developing countries where residential and non-residential construction activities are surging rapidly. Rapid urbanization and rising per capita income are fueling infrastructure development and real estate sectors in these markets. Stringent government regulations mandating energy efficiency in buildings and growing environmental awareness are further augmenting the demand for mineral wool as it is an eco-friendly insulation material. However, fluctuations in prices of raw materials required for manufacturing mineral wool including rock, slag, sand, and glass pose a major challenge. Moreover, the availability of substitute insulation materials can also restrain the market expansion. On the positive side, rising renovations and refurbishments of existing buildings in developed nations present significant opportunities for industry players. Furthermore, increasing spending on infrastructure projects and renovation of existing buildings in developed nations has also contributed to the rising consumption of mineral wool products. However, volatility in prices of raw materials may hamper the industry growth to some extent over the coming years.

Key features of the study:

This report provides an in-depth analysis of the global mineral wool market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global mineral wool market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Byucksan, Great Lakes Textiles, Saint Gobain, mJohns Manville, Knauf Insulation, National Industrial Co., NTN OOD, Owens Corning, PGF Insulation, Rockwool International AS, Kingspan Group, and Rosewool Insulation Refractory Co. Ltd

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global mineral wool market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global mineral wool market

Market Segmentation

By Type Insights (Revenue, USD Bn, 2019 - 2031)
- Glass
- Rock
- Slag
- Others
By End-use Industry Insights (Revenue, USD Bn, 2019 - 2031)
- Construction & Building Materials
- Automotive
- Industrial Equipment
- Marine and Shipbuilding
- Others
By Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- Byucksan
- Great Lakes Textiles
- Saint Gobain
- mJohns Manville
- Knauf Insulation
- National Industrial Co.
- NTN OOD
- Owens Corning
- PGF Insulation
- Rockwool International AS
- Kingspan Group
- Rosewool Insulation Refractory Co. Ltd

Product Code: CMI5059

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Type
- Market Snippet, By End-use Industry
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend

4. Global Mineral Wool Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Mineral Wool Market - COVID-19
Impact Analysis

5. Global Mineral Wool Market, By Type, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Glass
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Rock
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Slag
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends

6. Global Mineral Wool Market, By End-use Industry, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Construction & Building Materials
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Automotive
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Industrial Equipment
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Marine and Shipbuilding
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends

7. Global Mineral Wool Market, By Region, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By End-use Industry, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
  - U.S.
  - Canada
Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By End-use Industry, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By End-use Industry, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By End-use Industry, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By End-use Industry, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (USD Bn)
- Market Size and Forecast, By End-use Industry, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country/Region, 2019- 2031, (USD Bn)
  - South Africa
  - North Africa
  - Central Africa

8. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- Byucksan
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Great Lakes Textiles
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Saint Gobain
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- mJohns Manville
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Knauf Insulation
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- National Industrial Co.
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- NTN OOD
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Owens Corning
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- PGF Insulation
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Rockwool International AS
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Kingspan Group
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Rosewool Insulation Refractory Co. Ltd
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates

9. Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
About Us and Sales Contact