According to a new market report published by Lucintel, the future of the mineral wool insulation market looks promising with opportunities in the residential & non-residential construction, industrial, HVAC, and appliance markets. The global mineral wool insulation market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $22.6 billion by 2025 with a CAGR of 1% to 2% from 2020 to 2025. The major growth drivers for this market are increasing construction activities, stringent global government regulations and building codes for energy efficiency & fire safety.
Browse 107 market data tables and 133 figures spread through 231 pages and in-depth TOC on “Global Mineral Wool Insulation Market"
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In this market, different types of mineral wool insulation grades such as glass wool insulation and stone wool insulation in various material type. Lucintel forecasts that glass wool will remain the largest material type, and is also expected to witness the highest growth over the forecast period due to low cost, ease of raw material availability, and compliance with numerous building standards.
Within the mineral wool insulation market, residential construction will remain the largest end use industry, and it is also expected to witness the highest growth over the forecast period due to the growth in new home construction and renovation activities.
Europe is expected to remain the largest market by value and volume, due to stringent fire safety and energy efficiency standards.
Emerging trends, which have a direct impact on the dynamics of the mineral wool insulation industry, include the shift towards eco-friendly green insulation, growing focus on glass wool insulation recycling, and the development of lightweight & high fire resistant insulation. Rockwool, Saint-Gobain, Owens Corning, Knauf Insulation, Johns Manville, KCC Corporation and others are among the major mineral wool insulation manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global mineral wool insulation market by product type, by end use industry, by material type, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Mineral Wool Insulation Market 2018-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global mineral wool insulation market by product type, by end use industry, by material type, and region as follows:
By Material Type [Volume (Kilotons) and $M shipment analysis for 2014 – 2025]:
Glass Wool Insulation
Stone Wool Insulation
By Product Type [Volume (Kilotons) and $M shipment analysis for 2014 – 2025]:
Blanket (batts and rolls)
Rigid Board
Loose Fill Materials
Other Forms
By End Use Industry [Volume (Kilotons) and $M shipment analysis for 2014 – 2025]:
Residential Construction
Non-Residential Construction
Industrial and HVAC
Appliances and Others
By Region [Kilotons and $M shipment analysis for 2014 – 2025]:
North America
United States
Canada
Mexico
Europe
Germany
Russia
France
United Kingdom
Asia Pacific
The Rest of the World
This 231-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/mineral-wool-insulation-market.aspx or helpdesk@lucintel.com
About Lucintel
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