Mineral Wool Market by Type (Glass Wool, Rock Wool and Others) by End use (Building & Construction, Industrial & Appliances, Transportation and Others) Regional Outlook (North America, Europe, Asia-Pacific, LAMEA), Global Opportunity Analysis and Industry Forecast, 2019–2026
- RES4072038
- 170 Pages
- February 2020
- Materials and Chemicals
Market Definition:
Mineral wools are the mixtures of stone, molten glass or industrial waste. Mineral wool has unique property due to which the demand for the mineral wool is increasing globally. Mineral wools are easy to install, provide fire resistance, are safe to use, reduce noise and ecofriendly.
Market Drivers:
Increase in construction of the residential and commercial buildings is predicted to drive the mineral wool market. The mineral wool is mostly used as an insulator and is one of the best insulator among others. Due to recycle property, durability, ease of installation, and availability of the raw material, it is being used by most of the construction companies as an insulator for construction of house or office premises. With the increasing use of mineral wool in the construction industry it is also predicted to be the most major driving factor for the market.
Market Restrains:
The lack of skilled work force required for applying mineral wool to the surface is considered to be the major restraints for the market. Mineral wool is easy to install but it harms the health conditions of the worker. While applying the material small elements stick to the skin which can cause irritation and in severe case it can cause skin diseases. If these harmful elements get into the lungs there are huge chances of getting chronic lung issues to the handler and this may even cause the death of the person. Only professionals with proper gear are advised to take up handling task. Due to these reasons the workers are not interested in work involving the application of mineral wool. This is the biggest restraint for the mineral wool market.
Mineral wool market, by type:
Depending on type, the market is segmented into glass wool, rock wool and others. Glass wool accounted for the highest share of market by 58% in 2018. Glass wool segment was$5,634.1 million in 2018 and is predicted to rise at a CAGR of 6.3% by generating a revenue of $9,186.2 million by 2026. Rock wool segment was $3,153.6 in 2018 and is predicted to rise at a CAGR of 7.0% by generating a revenue of $5,434.8 million by 2026.
Mineral wool market, by end use:
Depending on the end use the market is segmented into Construction & building, Industrial & Appliances, Transportation and Others. Building and construction is considered to have the market share of 53% in 2018. This segment is predicted to grow at a CAGR of 6.9% by generating a revenue of $8,737.3 million by 2026. Transportation segment was $2,269.0 million in 2018 and predicted to grow at a CAGR of 7.3% by generating a revenue of $3,991.9 million by 2026.
Mineral wool market, by Region:
Depending on the region, the market is further segmented into North America , Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for the largest market share of over 35% in 2018. Asia-pacific market was $3,383.3 in 2018 and is predicted to grow at a CAGR of 7.7% in the forecast period by generating a revenue of $6,122.6 million by 2026. North-America market was $3,055.5 in 2018 and is predicted to grow at a CAGR of 5.5% in the forecast period by generating a revenue of $ 4,684.5 million by 2026.
Key participants in Mineral wool market:
Mineral Wool Market players are USG Interiors Inc., CertainTeed Corp, Roxul Inc, Thermafiber, Inc., Knauf Insulation, Saint-Gobain, Johns Manville, ROCKWOOL International A/S, Maghard Insulator and Owens Corning, India Ltd., among others.
1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters
1.4.1. Assumptions
1.4.2. Forecast parameters
1.5. Data sources
1.5.1. Primary
1.5.2. Secondary
2. Executive Summary
2.1. 360° summary
2.2. Type trends
2.3. End use trends
3. Market overview
3.1. Market segmentation & definitions
3.2. Key takeaways
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. Porter’s five forces analysis
3.3.1. Bargaining power of consumers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Competitive rivalry in the market
3.4. Market dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
3.5. Technology landscape
3.6. Regulatory landscape
3.7. Patent landscape
3.8. Pricing overview
3.8.1. By type
3.8.2. By end use
3.8.3. By region
3.9. Market value chain analysis
3.9.1. Stress point analysis
3.9.2. Raw material analysis
3.9.3. Manufacturing process
3.9.4. Distribution channel analysis
3.9.5. Operating vendors
3.9.5.1. Raw material suppliers
3.9.5.2. Product manufacturers
3.9.5.3. Product distributors
3.10. Strategic overview
4. Mineral wool market, by Type
4.1. Glass Wool
4.1.1. Market size and forecast, by region, 2017-2028
4.1.2. Comparative market share analysis, 2018 & 2028
4.2. Rock Wool
4.2.1. Market size and forecast, by region, 2017-2028
4.2.2. Comparative market share analysis, 2018 & 2028
4.3. Others
4.3.1. Market size and forecast, by region, 2017-2028
4.3.2. Comparative market share analysis, 2018 & 2028
5. Mineral wool market, by End use
5.1. Building & Construction
5.1.1. Market size and forecast, by region, 2017-2028
5.1.2. Comparative market share analysis, 2018 & 2028
5.2. Industrial & Appliances
5.2.1. Market size and forecast, by region, 2017-2028
5.2.2. Comparative market share analysis, 2018 & 2028
5.3. Transportation
5.3.1. Market size and forecast, by region, 2017-2028
5.3.2. Comparative market share analysis, 2018 & 2028
5.4. Others
5.4.1. Market size and forecast, by region, 2017-2028
5.4.2. Comparative market share analysis, 2018 & 2028
6. Mineral wool market, by Region
6.1. North Region
6.1.1. Market size and forecast, by type, 2017-2028
6.1.2. Market size and forecast, by end-use, 2017-2028
6.1.3. Market size and forecast, by country, 2017-2028
6.1.4. Comparative market share analysis, 2018 & 2028
6.1.5. U.S
6.1.5.1. Market size and forecast, by type, 2017-2028
6.1.5.2. Market size and forecast, by end-use, 2017-2028
6.1.5.3. Comparative market share analysis, 2018 & 2028
6.1.6. Canada
6.1.6.1. Market size and forecast, by type, 2017-2028
6.1.6.2. Market size and forecast, by end-use, 2017-2028
6.1.6.3. Comparative market share analysis, 2018 & 2028
6.2. Europe
6.2.1. Market size and forecast, by type, 2017-2028
6.2.2. Market size and forecast, by end-use, 2017-2028
6.2.3. Market size and forecast, by country, 2017-2028
6.2.4. Comparative market share analysis, 2018 & 2028
6.2.5. Germany
6.2.5.1. Market size and forecast, by type, 2017-2028
6.2.5.2. Market size and forecast, by end-use, 2017-2028
6.2.5.3. Comparative market share analysis, 2018 & 2028
6.2.6. France
6.2.6.1. Market size and forecast, by type, 2017-2028
6.2.6.2. Market size and forecast, by end-use, 2017-2028
6.2.6.3. Comparative market share analysis, 2018 & 2028
6.2.7. Rest of Europe
6.2.7.1. Market size and forecast, by type, 2017-2028
6.2.7.2. Market size and forecast, by end-use, 2017-2028
6.2.7.3. Comparative market share analysis, 2018 & 2028
6.3. Asia-Pacific
6.3.1. Market size and forecast, by type, 2017-2028
6.3.2. Market size and forecast, by end-use, 2017-2028
6.3.3. Market size and forecast, by country, 2017-2028
6.3.4. Comparative market share analysis, 2018 & 2028
6.3.5. China
6.3.5.1. Market size and forecast, by type, 2017-2028
6.3.5.2. Market size and forecast, by end-use, 2017-2028
6.3.5.3. Comparative market share analysis, 2018 & 2028
6.3.6. India
6.3.6.1. Market size and forecast, by type, 2017-2028
6.3.6.2. Market size and forecast, by end-use, 2017-2028
6.3.6.3. Comparative market share analysis, 2018 & 2028
6.3.7. Japan
6.3.7.1. Market size and forecast, by type, 2017-2028
6.3.7.2. Market size and forecast, by end-use, 2017-2028
6.3.7.3. Comparative market share analysis, 2018 & 2028
6.3.8. South Korea
6.3.8.1. Market size and forecast, by type, 2017-2028
6.3.8.2. Market size and forecast, by end-use, 2017-2028
6.3.8.3. Comparative market share analysis, 2018 & 2028
6.3.9. Australia
6.3.9.1. Market size and forecast, by type, 2017-2028
6.3.9.2. Market size and forecast, by end-use, 2017-2028
6.3.9.3. Comparative market share analysis, 2018 & 2028
6.3.10. Rest of Asia-Pacific
6.3.10.1. Market size and forecast, by type, 2017-2028
6.3.10.2. Market size and forecast, by end-use, 2017-2028
6.3.10.3. Comparative market share analysis, 2018 & 2028
6.4. LAMEA
6.4.1. Market size and forecast, by type, 2017-2028
6.4.2. Market size and forecast, by end-use, 2017-2028
6.4.3. Market size and forecast, by country, 2017-2028
6.4.4. Comparative market share analysis, 2018 & 2028
6.4.5. Middle west
6.4.5.1. Market size and forecast, by type, 2017-2028
6.4.5.2. Market size and forecast, by end-use, 2017-2028
6.4.5.3. Comparative market share analysis, 2018 & 2028
6.4.6. Africa
6.4.6.1. Market size and forecast, by type, 2017-2028
6.4.6.2. Market size and forecast, by end-use, 2017-2028
6.4.6.3. Comparative market share analysis, 2018 & 2028
7. Company profiles
7.1. Owens Corning, India Ltd.
7.1.1. Business overview
7.1.2. Financial performance
7.1.3. Product portfolio
7.1.4. Recent strategic moves & developments
7.1.5. SWOT analysis
7.2. Maghard Insulators
7.2.1. Business overview
7.2.2. Financial performance
7.2.3. Product portfolio
7.2.4. Recent strategic moves & developments
7.2.5. SWOT analysis
7.3. ROCKWOOL International A/S
7.3.1. Business overview
7.3.2. Financial performance
7.3.3. Product portfolio
7.3.4. Recent strategic moves & developments
7.3.5. SWOT analysis
7.4. Saint-Gobain
7.4.1. Business overview
7.4.2. Financial performance
7.4.3. Product portfolio
7.4.4. Recent strategic moves & developments
7.4.5. SWOT analysis
7.5. Knauf Insulation
7.5.1. Business overview
7.5.2. Financial performance
7.5.3. Product portfolio
7.5.4. Recent strategic moves & developments
7.5.5. SWOT analysis
7.6. Thermafiber, Inc.
7.6.1. Business overview
7.6.2. Financial performance
7.6.3. Product portfolio
7.6.4. Recent strategic moves & developments
7.6.5. SWOT analysis
7.7. USG Interiors Inc.
7.7.1. Business overview
7.7.2. Financial performance
7.7.3. Product portfolio
7.7.4. Recent strategic moves & developments
7.7.5. SWOT analysis
7.8. Johns Manville
7.8.1. Business overview
7.8.2. Financial performance
7.8.3. Product portfolio
7.8.4. Recent strategic moves & developments
7.8.5. SWOT analysis
7.9. Roxul Inc.
7.9.1. Business overview
7.9.2. Financial performance
7.9.3. Product portfolio
7.9.4. Recent strategic moves & developments
7.9.5. SWOT analysis
7.10. CertainTeed Corp
7.10.1. Business overview
7.10.2. Financial performance
7.10.3. Product portfolio
7.10.4. Recent strategic moves & developments
7.10.5. SWOT analysis
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