The report “Mineral Wool Market by Application (Building & Construction, Industrial & Appliances, Transportation, and Others) & Regional Analysis (North America, Europe, Asia-Pacific and Row) - Trends & Forecasts To 2019”, defines and segments the mineral wool market with an analysis and forecast of the market size by volume and value. The mineral wool market size in terms of value is projected to reach $12 billion by 2019, at an approximate CAGR of 7.0% between 2014 and 2019.
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Key content of this market:
The mineral wool market is mainly driven by increased usage as an acoustic insulation material in the residential and commercial building is driving the market along with the increasing industrial applications as the thermal insulation to prevent heat loss and save energy.
Asia-Pacific is the fastest growing market due to emerging economies such as China and India where large number of infrastructure, commercial, industrial and economic activities are lined-up in the future. The leading players in the market include Saint-Gobain (France), Rockwool International (Denmark), Knauf Insulation (Netherlands), Industrial Insulation Group, LLC. (U.S.), CertainTeed Corp. (U.S.), Guardian Fiberglass, Inc. (U.S.), Johns Manville (U.S.), Owens Corning (U.S.), Roxul Inc. (Canada), Rock Wool Manufacturing Co. (U.S.), Thermafiber, Inc. (U.S.) and USG Interiors, Inc. (U.S.).
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The mineral wool market size, by value, is projected to register a CAGR of 7.0% in the next five years to reach $12.0 billion by 2019. Mineral wool has gained acceptance due to its favorable properties, such as its ability to provide both thermal and acoustic insulation in the residential as well as commercial buildings and also in the industrial applications also. Thus, these fibers effectively address the heat and acoustic insulation requirements in various applications. The report covers the market and its trends in North America, Europe, Asia-Pacific, and Rest of the World (RoW).
The mineral wool market is analyzed with respect to types, end products and applications. The mineral wool is classified into two major types, Glass Wool and Stone Wool. Mineral wool end products include Blanket, Board, Panel, customized shape, and others. End-use applications included are Fire protection, Thermal, Acoustics, and Others. Building & construction industry is the major consumer of mineral wool, a trend which is anticipated to continue in future.
Asia-Pacific is the largest market for mineral wool, with the presence of emerging economies such as China and India, and growing activities in the construction, and industrial sector. Lower cost of production has provided a great opportunity for the global players to set up their manufacturing facility in the Asia-Pacific region, especially, in the developing nations such as China and India.
The mineral wool market is projected to register a CAGR of 7.0% (between 2014 & 2019) with market size estimated at $12.0 billion by 2019. Asia-Pacific region, with its reviving economy and rapidly expanding building & construction sector and growing number of industries base is projected to experience the highest growth in demand between 2014 and 2019, followed by the Rest of the World (RoW) region.
The major factors driving the market growth are the increasing demand for the mineral wool based insulation products for thermal and acoustic insulation in the residential and commercial buildings and demand for heat insulation for the industrial applications to avoid heat loss and save energy.