According to
a new market report published by Lucintel, the future of the mineral wool insulation
market looks promising with opportunities in the residential & non-residential
construction, industrial, HVAC, and appliance markets. The global mineral wool
insulation market is expected to reach an estimated $23.7 billion by 2023 with
a CAGR of 3.8% from 2018 to 2023. The major growth drivers for this market are increasing
construction activities, stringent global government regulations and building
codes for energy efficiency & fire safety.
In this market, glass wool and stone wool are
used for thermal insulation, acoustic insulation, and fire safety in various
end use industries. Lucintel forecasts that glass wool will remain the largest material
type, and is also expected to witness the highest growth over the forecast
period due to low cost, ease of raw material availability, and compliance with
numerous building standards.
Within the mineral
wool insulation market, residential construction will remain the largest end
use industry, and it is also expected to witness the highest growth over the
forecast period due to the growth in new home construction and renovation
activities.
Europe is
expected to remain the largest market by value and volume, due to stringent fire
safety and energy efficiency standards. APAC is expected to witness the highest
growth over the forecast period supported by increase in construction
activities and the growing awareness for low energy consumption and
environmental concerns specifically in China and India.
Emerging trends, which have a direct impact
on the dynamics of the industry, include the shift towards eco-friendly green
insulation, growing focus on glass wool insulation recycling, and the development
of lightweight & high fire resistant insulation. Rockwool, Saint-Gobain,
Owens Corning, Knauf Insulation, Johns Manville, and KCC Corporation are among
the major manufactures of mineral wool insulation.
Lucintel, the
leading global strategic consulting and market research firm, has analyzed growth opportunities in the
global mineral wool insulation market by product type, by end use industry, by material
type, and region. Lucintel has prepared a comprehensive research report entitled “Growth
Opportunities in the Global Mineral Wool Insulation Market 2018-2023: Trends,
Forecast, and Opportunity Analysis.” This
Lucintel report serves as a catalyst for growth strategy as it provides
comprehensive data and analysis on trends, key drivers, and directions. The
study includes a forecast for the global mineral wool insulation market by product
type, by end use industry, by material type, and region as follows:
By Material
Type [Volume (Kilotons) and $M shipment analysis for 2012 – 2023]:
- Glass
Wool Insulation
- Stone
Wool Insulation
By Product Type [Volume (Kilotons) and $M
shipment analysis for 2012 – 2023]:
- Blanket (batts and rolls)
- Rigid Board
- Loose Fill Materials
- Other Forms
By End Use Industry [Volume (Kilotons) and $M
shipment analysis for 2012 – 2023]:
- Residential
Construction
- Non-Residential
Construction
- Industrial
and HVAC
- Appliances and Others
By Region [Volume (Kilotons) and $M shipment
analysis for 2005 – 2023]:
·
North America
−
US
−
Canada
−
Mexico
·
Europe
−
Germany
−
Russia
−
United Kingdom
−
France
·
Asia Pacific
−
China
−
India
−
Japan
·
The Rest of the World
This
231-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel
offerings include Chemical
Market Research Reports, Chemical
Industry Analysis Report, Opportunity
Screening and Analysis, Strategic
Growth Consulting and Capital
Investment Analysis.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers following 11 key questions:
Q.1 What are some of the most promising
potential, high growth opportunities for the global mineral wool insulation
market by product type (blanket [batts and rolls], rigid board, loose fill
materials, and other forms), end use industry (residential construction,
non-residential construction, industrial and HVAC, and appliances and others), material
type (glass wool insulation and stone wool insulation), and region (North
America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace
and why?
Q.3 Which regions will grow at a faster pace
and why?
Q.4 What are the key factors affecting market
dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to
the market?
Q.6 What are emerging trends in this market
and the reasons behind them?
Q.7 What are the changing demands of customers
in the market?
Q.8 What are the new developments in the
market? Which companies are leading these developments?
Q.9 Who are the major players in this market?
What strategic initiatives are being implemented by key players for business
growth?
Q.10 What are some of the competitive products
and processes in this area and how big of a threat do they pose for loss of
market share via material or product substitution?
Q.11 What M & A activities have taken
place in the last 5 years in this market?
