Mineral Wool Board Insulation Market Growth, Size, Share, Scope, Challenges and Future Trends

Mineral Wool Board Insulation Market Size- By Type, By Functionality, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Mineral Wool Board Insulation Market Size- By Type, By Functionality, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Published: Mar 2023 Report ID: CHEM2346 Pages: 1 - 234 Formats*:     
Category : Chemical & Materials

Global Mineral Wool Board Insulation Market Overview

 

According to SPER Market Research, the Global Mineral Wool Board Insulation Market is estimated to reach USD 36.56 billion by 2032 with a CAGR of 6.14%

Rock wool insulation, sometimes referred to as mineral wool board insulation, is a type of insulation created from raw materials such slag, diabase, and basalt. The procedure entails melting the raw ingredients, spinning them into fine fibres, and then shaping the fibres into a dense mat or board. The outstanding thermal and acoustic insulation qualities of mineral wool board insulation are well known. In commercial and industrial settings, it is frequently employed in things like flooring, walls, and roofs. It is frequently utilised in residential construction as wall and attic insulation. The fact that mineral wool board insulation is non-combustible and doesn't emit harmful gases or smoke in the event of a fire is one of its benefits. It resists moisture, which helps stop the growth of mould and mildew. It holds up well over time and doesn't deteriorate. It is also environmentally friendly because it is recyclable and constructed of natural materials.

However, mineral wool board insulation has certain drawbacks as well. It may cost more than other types of insulation, be heavier, and be trickier to install. A few people might also be allergic to the fibres, which might result in respiratory issues. Due to factors including rising demand for energy-efficient buildings and strict building rules and regulations in different countries, the global mineral wool board insulation market is anticipated to grow significantly in the next years. The industry is also being stimulated by the increasing usage of sustainable and environmentally friendly insulating materials and green building techniques.

The market is also important in North America and Europe, where there is a rising need for thermal insulation in both commercial and residential structures. The creation of novel goods, such as high-performance insulation materials, which provide superior thermal and acoustic insulation capabilities than conventional insulation materials, is also stimulating the market.
Mineral Wool Board Insulation Market
Impact of COVID-19 on the Global Mineral Wool Board Insulation Market  
The global market for mineral wool board insulation was significantly impacted by the COVID-19 pandemic. The pandemic hampered the production and distribution of mineral wool board insulation goods by delaying the supply of raw materials and generating delays in transportation. The building industry, which is one of the primary end-users of mineral wool board insulation, was also damaged by the epidemic. Due to the economic downturn, many construction projects were delayed or abandoned, which reduced the market for insulation supplies.

Yet, the construction industry has begun to recover as the world begins to adjust to life with COVID-19. Governments all around the world have implemented stimulus plans to stimulate economic expansion, which has increased the number of construction projects. As a result, the market for mineral wool board insulation has slowly started to recover. Also, because of the pandemic's increased awareness of the value of sustainability and energy efficiency in building design, there is a greater need for insulation solutions with high thermal and acoustic insulation capabilities. As a result, producers are creating novel and cutting-edge insulating goods to satisfy the shifting market demands.

Mineral Wool Board Insulation Market


Scope of the Report:
 Report Metric Details
 Market size available for years 2019-2032
 Base year considered 2021
 Forecast period 2022-2032
 Segments coveredBy Print Head, By Ink, By Substrate, By Application
 Regions coveredAsia-Pacific, Europe, Middle East and Africa, North America, Latin America
 Companies Covered
Hawlett- Packyard Development Company, Canon, Inc., Ricoh Company Ltd., Mimaki Engineering Co. Ltd., Roland DG Corporation, Xerox Corporation, Seiko Epson Corporation, Toshiba, Panasonic, Durst Phototechnik AG, Inca Digital Printers Limited, Printronix, Oki Electric Industry, Kyocera Corporation, Neuralabel Printing Solution
Target Audience:
  • Construction Companies
  • Architects
  • Engineers
  • Designers
  • Research and development organizations
Global Mineral Wool Board Insulation Market Segmentation:
1. By Type:
  • Rock Wool
  • Glass Wool
  • Others
2. By Functionality:
  • Thermal Insulation
  • Acoustic Insulation
3. By Application:
  • Industrial
  • Commercial
  • Residential
4. By Region:
  • Asia-Pacific
  • Europe
  • Middle East & Africa
  • North America
  • Latin America
Key Topics Covered in the Report:
  • Global Mineral Wool Board Insulation Market Size (FY’2019-FY’2032)
  • Overview of Global Mineral Wool Board Insulation Market 
  • Segmentation of Global Mineral Wool Board Insulation Market By Type (Rock Wool, Glass Wool, Others)
  • Segmentation of Global Mineral Wool Board Insulation Market By Functionality (Thermal Insulation, Acoustic Insulation, Others)
  • Segmentation of Global Mineral Wool Board Insulation Market By Application (Industrial, Commercial, Residential, Others)
  • Statistical Snap of Global Mineral Wool Board Insulation Market 
  • Growth Analysis of Global Mineral Wool Board Insulation Market 
  • Problems and Challenges in Global Mineral Wool Board Insulation Market 
  • Competitive Landscape in the Global Mineral Wool Board Insulation Market 
  • Impact of COVID-19 and Demonetization on Global Mineral Wool Board Insulation Market 
  • Details on Recent Investment in Global Mineral Wool Board Insulation Market 
  • Competitive Analysis of Global Mineral Wool Board Insulation Market 
  • Global Mineral Wool Board Insulation Market Key Players
  • SWOT Analysis of Global Mineral Wool Board Insulation Market 
  • Global Mineral Wool Board Insulation Market Future Outlook and Projections (FY’2019-FY’2032)
  • Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation

3. Executive Summary

4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges 
4.2. COVID-19 Impacts of the Global Mineral Wool Board Insulation Market 

5. Market variables and outlook
5.1. SWOT analysis 
5.1.1 Strengths 
5.1.2 Weaknesses 
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis 
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape 
5.2.4 Technological landscape 
5.2.5 Environmental landscape 
5.2.6 Legal landscape 
5.3. PORTER’S five forces analysis 
5.3.1 Bargaining power of suppliers 
5.3.2 Bargaining power of Buyers 
5.3.3 Threat of Substitute 
5.3.4 Threat of new entrant 
5.3.5 Competitive rivalry
5.4. Heat map analysis

6. Competitive Landscape 
6.1 Global Mineral Wool Board Insulation Equipment Manufacturing Base Distribution, Sales Area, Product Type 
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Mineral Wool Board Insulation Market 

7. Global Mineral Wool Board Insulation Market, By Type, 2019-2032 (USD Million)
7.1 Rock Wool
7.2 Glass Wool
7.3 Others

8. Global Mineral Wool Board Insulation Market, By Functionality, 2019-2032 (USD Million)
8.1 Thermal Insulation
8.2 Acoustic Insulation
8.3 Others

9. Global Mineral Wool Board Insulation Market, By Application, 2019-2032 (USD Million)
9.1  Industrial
9.2  Commercial
9.3  Residential
9.4 Others

10.Global Mineral Wool Board Insulation Market, By Region, 2019-2032 (USD Million)
10.1 Global Mineral Wool Board Insulation Market and Market Share by Region (2019-2025) 
10.2 Global Mineral Wool Board Insulation Market and Market Share by Region (2026-2032)
10.3 Asia-Pacific
10.3.1 Australia
10.3.2 China
10.3.3 India
10.3.4 Japan
10.3.5 South Korea
10.3.6 Rest of Asia-Pacific
10.4 Europe
10.4.1 France
10.4.2 Germany
10.4.3 Italy
10.4.4 Spain
10.4.5 United Kingdom
10.4.6 Rest of Europe
10.5 Middle East and Africa
10.5.1 Kingdom of Saudi Arabia 
10.5.2 United Arab Emirates
10.5.3 Rest of Middle East & Africa
10.6 North America
10.6.1 Canada
10.6.2 Mexico
10.6.3 United States
10.7 Latin America
10.7.1 Argentina
10.7.2 Brazil
10.7.3 Rest of Latin America

11.Company Profiles
11.1  Industrial Insulation Group LLC  
11.1.1 Company details 
11.1.2 Financial outlook
11.1.3 Product summary 
11.1.4 Recent developments
11.2  Johns Manville
11.2.1 Company details 
11.2.2 Financial outlook
11.2.3 Product summary 
11.2.4 Recent developments
11.3  Knauf Insulation
11.3.1 Company details 
11.3.2 Financial outlook
11.3.3 Product summary 
11.3.4 Recent developments
11.4  Lloyd Insulation India Ltd 
11.4.1 Company details 
11.4.2 Financial outlook
11.4.3 Product summary 
11.4.4 Recent developments
11.5  Owens Corning
11.5.1 Company details 
11.5.2 Financial outlook
11.5.3 Product summary 
11.5.4 Recent developments
11.6  Polybond Insulation Pvt Ltd
11.6.1 Company details 
11.6.2 Financial outlook
11.6.3 Product summary 
11.6.4 Recent developments
11.7  Rockwool India Pvt Ltd
11.7.1 Company details 
11.7.2 Financial outlook
11.7.3 Product summary 
11.7.4 Recent developments
11.8  Rockwool International 
11.8.1 Company details 
11.8.2 Financial outlook
11.8.3 Product summary 
11.8.4 Recent developments
11.9  Saint Gobain
11.9.1 Company details 
11.9.2 Financial outlook
11.9.3 Product summary 
11.9.4 Recent developments
11.10 USG Corporation
11.10.1 Company details 
11.10.2 Financial outlook
11.10.3 Product summary 
11.10.4 Recent development

12.List of Abbreviations

13.Reference Links

14.Conclusion

15.Research Scope

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

SPER-Methodology-1

SPER-Methodology-2

SPER-Methodology-3


Frequently Asked Questions About This Report
Mineral Wool Board Insulation Market is projected to reach USD 36.56 billion by 2032, growing at a CAGR of 6.14% during the forecast period.
Mineral Wool Board Insulation Market grew in market size from 2021. The Market is expected to reach USD 36.56 billion by 2032, at a CAGR of 6.14% during the forecast period.
Mineral Wool Board Insulation Market CAGR of 6.14% during the forecast period.
Mineral Wool Board Insulation Market size is USD 36.56 billion from 2022 to 2032.
Mineral Wool Board Insulation Market Segment is Covered By Type, By Functionality, By Application
The North America region is anticipated to have the highest market share in Mineral Wool Board Insulation Market.
The key players in the market include Companies Covered Owens Corning (US), Rockwool International (Denmark), Saint-Gobain (France), Knauf Insulation (US), Johns Manville (US), Lloyd Insulations India Ltd (India), Rockwool India Pvt Ltd (India), Polybond Insulation Pvt Ltd (India), USG Corporation (US), Industrial Insulation Group LLC (US)
The market is also important in North America and Europe, where there is a rising need for thermal insulation in both commercial and residential structures.
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