According to Stratistics MRC, the Global Mineral Wool Market is accounted for $9.45 billion in 2017 and is expected to reach $19.55 billion by 2026 growing at a CAGR of 8.4% during the forecast period.
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Growing modernization of mineral wool products, rising usage of acoustical insulation and increasing fitness concerns among the population are favoring the market growth. However, availability of cheap insulating materials and lack of knowledge among people are inhibiting the growth of the market. Moreover, increasing adoption of acoustical environment in the industries and residential areas to control noise pollution and ongoing research and development ideas are providing ample opportunities for the market growth.
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Mineral wool, a versatile material made from rock and slag is the commonly used insulation material. The mineral wool insulation consist of two product categories i.e. glass wool and slag wool. Glass wool is made from recycled glass and sand whereas the stone wool or the slag wool is made from volcanic rock. The mineral wool can also be made from the recycled material and thus is an economical and environment friendly material.
By End User, building and construction segment held considerable market share during the predicted period, due to growing construction of housing and industrial buildings and rapid urbanization. Asia Pacific is leading the market with the highest market share. The growth of this region can be attributed to favorable government regulations and low labor cost in India which have been motivating major players to spend in India and huge progress in the automotive industry in China and India which are positively affecting the development of the mineral wool market.
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Some of the key players profiled in the Mineral Wool Market include Johns Manville Inc, Owens Corning, Rockwool International A/S, Saint-Gobain, USG Corporation, Knauf Insulation GmbH, Qualcomm, Superior Energies, Inc, Izocam, Thermafiber, Scot Industries, Silbrico Corporation and Poly Glass Fibre.
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Product Types Covered:
• Rock Wool
• Glass Wool
• Slag Wool
End products Covered:
• Board
• Blankets
• Customized Shape
• Panel (Acoustic)
End Users Covered:
• Industrial
• Residential
• Commercial
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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Source URL: https://marketersmedia.com/mineral-wool-market-size-share-report-analysis-trends-forecast-to-2026/465059
Source: MarketersMedia
Release ID: 465059
