The global Mineral Wool market is anticipated to grow at a considerable CAGR of 5.9% during the forecast period (2022-2028). The rising acquisitions, product approval, collaborations among the major players in the market is the prominent factor driving the growth of the market. For instance, in March 2019, Sto Corp., a manufacturer of full system facades, air barriers, prefabrication, coatings, and restoration solutions, introduced StoTherm ci Mineral in collaboration with Owens Corning, the only U.S. decorative and protective high-performance exterior wall system with the unique advantages of mineral wool. The StoTherm ci Mineral system combines the fire and thermal advantages of mineral wool with the design flexibility and performance of Sto exterior wall systems. Additionally, StoTherm ci Mineral goes well beyond the NFPA 285 standard with enhanced fire protection for improved occupant safety and has outstanding heat-transfer characteristics for occupant comfort, and is the only non-combustible insulation EIFS in the U.S.
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In addition, in July 2020, Johns Manville (JM), one of the leading global manufacturers of energy-efficient building and industrial insulation products and a Berkshire Hathaway company launched a complete portfolio of water-repellent, mineral wool industrial insulation materials, adding v-groove pipe, industrial board, blankets and fittings. The company launched Water repellent MinWool-1200 insulation to fulfil the growing demand for water-repellent materials in the industrial insulation market.
Market Coverage
- The market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
o By Type
o By Product
o By End-Use
- Regions Covered
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Rockwool International AS, Owens Corning, Knauf Insulation, Compagnie de Saint-Gobain S.A., and Others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Mineral Wool Market Report Segment
By Type
- Glass Wool
- Stone Wool
- Slag Wool
By Product
- Board
- Blanket
- Loose Wool
By End-User
- Automotive and Transportation
- Building and Construction
- Industrial and Consumer Appliances
- Other End-user industries
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Mineral Wool Market– Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- CertainTeed Corp
- Compagnie de Saint-Gobain S.A.
- Great Lakes Textiles
- Guardian Fiberglass, Inc
- Industrial Insulation Group, LLC.
- ISOVER Co
- Johns Manville
- Kingspan Group Plc
- Knauf Insulation
- Korff Isolmatic Sp. z o.o.
- National Industrial Co.
- NTN OOD
- Owens Corning
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- We cover more than 15 major industries, further segmented into more than 90 sectors.
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