The global Mineral Wool Board Insulation market size is anticipated to register a CAGR of ~6.5% between 2020 and 2030 and reach an approximate value of USD 7.2 billion in 2030.
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In 2019, the Rock Wool segment helda significant market share: MRFR
The global mineral wool board insulation market has been segmented based on type, function, application, and region. Based on type, the global market is divided into Rock Wool, Glass Wool, and Others. The rock wool segment is anticipated to hold a significant market share.
Based on application, the global mineral wool board insulation market is segmented into industrial, commercial, residential, and others. The industrial segment accounted for a significantly large share globally due to growing demands from the automotive and manufacturing sectors.
Based on function, the global mineral wool board insulation market has beensegmented into thermal insulation, acoustic insulation, and others. The thermal Insulation segment accounted for a significantly large share in the global market owing to the rapid growth construction industry.
Based on region, the Mineral Wool Board Insulation market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia-Pacific dominated the Mineral Wool Board Insulation market in 2019. Government initiatives towards an increase in foreign direct investments have supplemented the industrialization process and thus supported the product growth in the region.
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Key industry participants in the mineral wool board insulation industry include Rockwool International (Denmark), Saint-Gobain (France), Knauf Insulation (United States), Industrial Insulation Group, LLC. (United States), Johns Manville (United States), Owens Corning (United States), USG Corporation (United States), Lloyd Insulations India Ltd (India), Rockwool India Pvt. Ltd. (India), Polybond Insulation Private Limited (India)
This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging and high-growth segments. The market data comprises the basic assessment of the competitive scenarios and strategies in the global Mineral Wool Board Insulation market, including high-growth regions and/or countries, and political and economic environments. The project report further provides both – historical market values and pricing and cost analysis.
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- In February 2021, the Arkansas Economic Development Commission announced that Building and industrial materials firm Owens Corning wouldlaunch a project to build a new 550,000-sq-ft manufacturing plant in Fort Smith, Arkansas, US, that will replace an existing plant at the location, to increase the firm’s capacity for the roof shingle mats and other building material products.
- In July 2020, Knauf Insulation launched a non-combustible mineral wool board, Soffit Linearboard, with a lower thermal conductivity of just 0.034 W/mK and ease of installation.
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