Mineral Wool Insulation Market Research Report Information by Type (Glass Wood, Rock Wood), By Product (Board, Blanket, Panel), By End User (Building & Construction, Industrial, Transportation), By Region (North America, Europe, Latin America, Asia Pacific) - Forecast till 2030

Mineral Wool Insulation Market Overview

According to the latest research report of MRFR analysis, the Mineral Wool Insulation Market Size is estimated to reach near about 32 Billion in the year 2030. Mineral wool insulation is glass, rock, or slag that has been transformed from a molten condition into a fibrous condition. Mineral wool insulation comes in two varieties. The first is mostly composed of natural stone fibers such as molten basalt or diabase. This variety is made from volcanic rock that has been melted at roughly 1,600°C. This heated rock is then spun into wool and bonded together with various resins and oils. The second is generated from spinning slag, a byproduct of steel manufacture. It may also be derived from natural rock or by mixing it with molten material or even glass. Mineral wool can be used for filtration, soundproofing, thermal insulation,  and seedling germination.

Mineral wool, also known as man-made mineral fibers, is composed of natural and synthetic minerals, such as ceramic fibers, fiberglass, and stone wool. Mineral wool can be used for filtration, plant germination, thermal insulation, and soundproofing. When mineral wool is crushed into thin layers, it becomes a great heat insulator, which is highly useful in the automobile industry. Thermal shock tolerance is enhanced by properties such as limited thermal conductivity and district heating. Furthermore, it possesses refractory qualities that may be used in machining skills. Mineral wool products include loose materials used during injection insulation of slabs for walls, a hollow in walls to face pipe, and premade sections. The growing concern for energy savings and acoustic insulation in architecture, transportation, and other industries is likely to boost Mineral Wool Insulation Market expansion.

This report contains all the information on the Mineral Wool Insulation Market research and market strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors. And a detailed analysis of the Mineral Wool Insulation Market forecast and forecast to 2030 is also included in the report.                                                                                                     

Covid 19 Analysis

COVID-19 had a negative influence on the market in 2020. Given the pandemic scenario, building, and car manufacture were temporarily halted during the lockdown, as a result, consumption of mineral wool used for thermal, fire, and acoustic insulation applications such as partition wall, passenger cabin of a car, duct pipe insulation, and so on from the industrial and transportation industries decreased, negatively influencing demand for the market analyzed. The COVID-19 epidemic also had a number of short- and long-term implications in the building industry.

Market Dynamic

•         Drivers

Increased construction activity, severe worldwide government regulations, and building standards for energy efficiency and fire safety are the primary development factors for the growth of the mineral wool insulation market value. Emerging developments that have a direct influence on the dynamics of the mineral wool insulation sector include a change toward environmentally friendly ecological insulation, a greater emphasis on glass wool insulation recycling, and the advancement of high strength and high fire-resistant insulation is adding fuel to the growth of the Mineral Wool Insulation Market.

•         Opportunities

Over the projected period, the growing number of power plants in Asia-Pacific nations is projected to give opportunities for the Mineral Wool Insulation Market.

•         Restraints

The health risks associated with mineral wools, as well as the availability of inexpensive insulating materials like as fiberglass, are anticipated to hamper the expansion of the investigated Mineral Wool Insulation Market.

•         Challenges

The unavailability of cheap insulating material such as fiberglass is a major challenge for the major key manufacturers of the Mineral Wool Insulation Market.  

Cumulative Growth Analysis

North American nations such as the United States and Canada have seen an increase in residential development projects, which is expected to boost thermal insulation consumption in the area. Furthermore, the total value of current construction put in place in the United States in 2019 was around USD 1365 billion and is expected to reach around USD 1430 billion in 2020, with a growth rate of around 4.5 percent, which is anticipated to increase customer demands.

Value Chain Analysis

According to the reports, the Mineral Wool Insulation Market is segmented on the basis of type, product, end-user, and region. On the basis of type, the Mineral Wool Insulation Market is further divided into glass wool, rock wool, and others. The glass wool segment has the greatest Mineral Wool Insulation Market share and is predicted to expand the quickest over the projected period. Building insulation, HVAC insulation, and industrial insulation are all common applications for them. During the review period, the rock wool segment grew significantly. Volcanic rock is used to make rock wool (dolomite, diabase, and basalt). It has great thermal and acoustic qualities, as well as remarkable fire performance qualities. They are frequently utilized in building and construction, OEM solutions, horticulture, and other industries. On the basis of product, the Mineral Wool Insulation Market is divided into the board, blanket, panel, and others. The board segment accounted for the largest Mineral Wool Insulation Market share and is expected to grow at a healthy rate during the forecast period, owing to increased competition for mineral wool insulation boards in a variety of end-use industries, including the construction industry, owing to their non-combustible, water-repellent, fire-resistant, and sound-absorbing characteristics. During the projection period, the blanket category is predicted to increase significantly. Mineral wool insulation blankets are a compact insulation material that is shock- and vibration-resistant, water-repellent, and has metal mesh support.

On the basis of end-use, the Mineral Wool Insulation Market is segmented into building & construction, industrial, transportation, and others. In terms of volume and value, the Building & Construction sectors accounted for the highest market share in 2019. This is mostly owing to the widespread application of mineral wool insulation in aesthetic and functional building insulation applications such as roof insulation, wood flooring, floor insulation, ceiling insulation, and HVAC insulation. During the projection period, this category is predicted to have the greatest CAGR. Industrial applications comprise tank and vessel insulation, large diameter pipe insulation, essential maritime, and boiler, and turbine insulation, and offshore installations such as fire and acoustic insulation in ships and oil rigs.

Segmentation Overview

The Mineral Wool Insulation Market is segmented on the basis of the type, product, end-user, and region. The global mineral wool insulation market is expected to witness decent growth during the forecast period.

By Type

Based on the Type, the Mineral Wool Insulation Market is segmented into glass wool, rock wool, and others.

By Products

Based on the product, the Mineral Wool Insulation Market is segmented into Board, Blanket, Pane.

By End-Users

Based on the End-Users, the Mineral Wool Insulation Market is segmented into building & construction, industrial, transportation, and others.

Regional Analysis

According to the reports, the Mineral Wool Insulation Market is segmented into Asia-pacific, Europe, North America, the middle east & Africa, and Latin America. Pacific anticipated to witness significant growth-share worldwide and is the fastest-growing regional market, owing to rising urbanization, high industrialization rates, and an increase in building investment. Developing markets such as India, China, Malaysia, and Thailand have the most potential for growth. The existing construction and building sector, expanding production of electric cars, severe building laws, the existence of modern technology, and the existence of well-established enterprises in the European area are the primary drivers of demand.

North America had considerable worldwide expansion as a result of rising residential development, stringent building rules, and the region's established industrial base. Mineral Wool Insulation Market revenue is increasing due to increased demand for innovative construction materials, particularly in Saudi Arabia, as well as rising per capita spending power of customers in the Middle East and Africa area. The Latin American market for mineral wool insulation is expected to increase significantly due to the region's expanding industry profitability growth, particularly in Brazil and Mexico.

Competitive landscape

The worldwide Mineral Wool Insulation Market is highly fragmented, with a significant number of tiny businesses participating in it.

Key Players

• Saint-Gobain


• Rockwool International,


• Knauf Insulation


• Johns Manville Inc.


• Owens Corning


• Acoustical Surfaces, Inc.


• Hush Acoustics


• Hodgson & Hodgson


• Guardian Fiberglass


• Trelleborg

Report Overview

The following report comprises of –

• Market overview


• Covid 19 Analysis


• Market Dynamic


• Drivers


• Opportunities


• Restraints


• Challenges


• Cumulative Growth Analysis


• Value Chain Analysis

Segmentation

• Overview


• Application


• End-Users


• Regional Analysis


• Competitive landscape

Recent Developments

Mineral wool insulation is commonly used in both the inside and outside of buildings, it is subject to government laws governing building and construction safety. These laws benefit the worldwide market by increasing the demand of insulating products, particularly in the United States and Europe.

Segmentation

Material Type

• Glass Wool Insulation


• Stone Wool Insulation

Product Type

• Blanket (batts and rolls)


• Rigid Board


• Loose Fill Materials


• Other Forms

End User

• Residential Construction


• Non-Residential Construction


• Industrial and HVAC


• Appliances and Others

Region

• 
  North America
  
  
  
  • US
  
  
  • Canada
  
  
  • Mexico
  
  
  
  


• 
  Europe
  
  
  
  • Germany
  
  
  • Russia
  
  
  • United Kingdom
  
  
  • France
  
  
  
  


• 
  Asia Pacific
  
  
  
  • China
  
  
  • India
  
  
  • Japan
  
  
  
  


• The Rest of the World