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 upcoming years, at an approximate CAGR of 7.0%.
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.
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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.).
The report covers the mineral wool market and its trends that concern four regions, the North America, Europe, Asia-Pacific, and Rest of the World (RoW). The market has also been analyzed on the basis of type, that is, glass wool, stone wool and polycrystalline. Blanket, Board, Panel, customized shape, others are the major end products studied. Insulation applications, such as fire protection, acoustic and thermal and other have also been studied and included in this report.
Mineral wool market: Growing demand from Asia-Pacific
Asia-Pacific was the leading consumer of the mineral wool in 2013, accounting for ~40% share of the overall mineral wool market, by value. The demand in the region is strong due to the rapid development of residential and commercial construction sector, along with industrial, and manufacturing, sectors. This has projected the Asia-Pacific as an investment hub where several major companies have placed themselves to tap the potential of a growing market.
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Key growth strategies
Global players have adopted a wide range of growth strategies. These companies have focused on new product launch, expansion, merger acquisition and agreement collaboration as the major growth strategy to increase their global footprints and market share. Major players of mineral wool 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.).
? Top 10 Key Players in the Mineral Wool Market
ROCKWOOL International A/S (Denmark)
A global leader in stone wool solutions, ROCKWOOL dominates the market with a broad portfolio for building, industrial, and marine insulation.Knauf Insulation (Germany)
Offers rock mineral wool and other insulation types with a strong focus on sustainability and energy-efficient construction materials.Saint-Gobain Isover (France)
A key player in mineral wool insulation with advanced product development focused on energy conservation and green buildings.Owens Corning (U.S.)
While known for fiberglass insulation, Owens Corning has a growing presence in mineral wool through targeted acquisitions and RD.Johns Manville (U.S.)
A Berkshire Hathaway company offering mineral wool for HVAC, OEM, and building insulation, with a reputation for quality and innovation.Paroc Group (Finland) (now part of Owens Corning)
Specializes in stone wool for building and technical insulation across Northern and Central Europe.URSA Insulation S.A. (Spain)
A prominent European insulation manufacturer, URSA offers mineral wool with a focus on energy efficiency and acoustic control.Thermafiber, Inc. (U.S.) (a subsidiary of Owens Corning)
Provides mineral wool insulation for commercial and industrial applications, known for fire resistance and sustainability.American Rockwool Manufacturing LLC (U.S.)
Produces stone wool insulation for residential and light commercial use, emphasizing performance and ease of installation.Beijing New Building Material Group Co., Ltd. (BNBM) (China)
A rapidly growing Chinese manufacturer catering to Asia-Pacific’s booming construction sector with mineral wool and other building materials.
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? Market Analysis and Trends
Construction Boom Energy Regulations:
The mineral wool market is expanding due to stricter energy efficiency regulations, green building certifications, and the global push for carbon-neutral construction.Asia-Pacific Leading Growth:
China, India, and Southeast Asian nations are key growth drivers, fueled by rapid urbanization and infrastructure development.Fire Safety Standards Driving Adoption:
With growing awareness around fire safety, mineral wool’s non-combustible nature makes it a preferred choice over plastic-based insulations.Industrial Insulation Demand:
Industrial sectors including petrochemicals, power generation, and marine applications are adopting mineral wool for thermal protection and energy savings.Sustainability Focus:
Top players are investing in recycling technologies, low-emission production, and circular economy initiatives to align with global ESG trends.
? Conclusion
The mineral wool market is witnessing strong global growth, driven by regulatory mandates, environmental goals, and increasing construction activities. Top players are focusing on RD, regional expansion, and sustainable innovations to maintain competitiveness. With continued emphasis on energy-efficient buildings and industrial safety, mineral wool will remain a key material in the global insulation market.
