Mineral Wool Market

18 May

Sample

Mineral Wool Market Poised to Grow at a CAGR of 6.5% by 2024

  • By admin

  • January, 1970

Infinium Global Research has added a new report on Mineral Wool Market. The report presents analysis of global as well as regional markets of mineral wool market over the period of 2016 to 2024.


Mineral wool is a generic name for a range of man-made non-metallic inorganic fibres. It is widely known for its wide range of insulation applications. It is a common name for fiber materials that are formed by melting the raw material at high temperatures, creating a “lava”, and then spinning this into delicate fibers using centrifugal wheels. The common types of Mineral Wool are Stonewool, Slagwool (both of which are often referred to as Rockwool, which is actually a brand in most countries) and Glass Mineral Wool (previously referred to a Fibreglass or Fiberglass). These products are manufactured in similar processes and have similar properties. It is widely used in all sectors of industry as transport and building for thermal, acoustic and fire-protection purposes etc.

 

Mineral wool has very unique properties, that no other insulation material can provide as ability to save energy, minimize pollution, combat noise, reduce the risk of fire and protect life and property in the event of fire. Due to its unique properties, the demand for mineral wool market is growing globally. The most important driving force behind the ongoing innovation of mineral wool products is the high demand for thermal insulation. The building materials using glass wool insulation consistently has proven it the most cost effective solution. This has increased the demand for heat insulation products for the industrial applications to avoid heat loss and save energy. There is increasing demand of acoustical insulation in the residential and commercial building all over the world. Furthermore, ongoing research and development initiatives to make mineral fiber more innovative and more applicable to consumers, is also a factor for the growth of the market globally. Due to some health issues as workplace exposure limits to workers, and standardization issues, every government has separate laws related to mineral wool production and sale, hence MNCs involved in this business have to follow its host country’s rule for business. The abundance availability of raw materials, and growing building and construction sector especially in developing countries as India and China, is expected to provide a better opportunity for the market.

 

On the basis of region, the Global mineral wool market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). North America dominates the global mineral wool market, due to presence of mineral wool manufacturers and the growth of end-use industries in this region, Also, Asia Pacific region is expected to grow at the highest CAGR during the forecast period of 2018-2024 due to huge demand of mineral wool in many application, basically demand from construction sector.


Key Development:- In May 2018, Johns Manville launched its new products at NPE 2018

Johns Manville (JM), a market-leading manufacturer of continuous filament glass fiber and a Berkshire Hathaway company,recently introduced several new products as ThermoFlow® 641 for polypropylene and StarRov® 895 at the NPE2018: The Plastics Show in Orlando, Fla.


December 2017, Johns Manville introduced STARROV®853 for LFT reinforcements

Johns Manville (JM), a market-leading manufacturer of Continuous Filament Glass Fiber and a Berkshire Hathaway company, launched StarRov® 853 Roving, which  is available in both North America (225 Yield) and Europe (1200 and 2400 Tex).

 

Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global mineral wool market but also make strategic decisions to capture the most lucrative markets in the near future.

The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.

 

Get 15% discount for early purchase of global mineral wool market report by clicking the following link, Use code IGRD15 to request the discount in the given form

https://www.infiniumglobalresearch.com/reports/request-discount/1401

 

The recent report identified that North America dominated the global mineral wool market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the mineral wool market worldwide.


The report segments the global mineral wool market on the basis of Type, End products, Applications and End User.

 

Global Mineral Wool Market by Type

·         Glass Wool

·         Stone Wool

 

Global Mineral Wool Market by End Products

·         Blanket

·         Board

·         Panel

·         Customised Shapes 

·         Others

 

Global Mineral Wool Market by Applications

·         Fire Protection

·         Thermal Insulation

·         Acoustic Insulation

·         Others

 

Global Mineral Wool Market by End User

·         Transportation

·         Building & Construction

·         Industrial

·         Others

 

Companies Profiled in the Report

·         Johns Manville Inc.

·         Knauf Insulation GmbH

·         Owens Corning

·         Paroc

·         Rockwool International A/S

·         Saint-Gobain

·         Uralita SA

·         Izocam

·         USG

·          Poly Glass Fiber Insulation

 

About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.