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Mineral Wool Global Market 2023 : Industry Analysis, Trends, Segmentation, Regional Overview And Forecast 2032 | de Saint-Gobain SA, John Manville, Knauf Insulation, Owens Corning, Rockwool International
Mineral Wool Market
Mineral Wool Market Size, Growth Rate, And Forecast
The global mineral wool market size grew from $13.04 billion in 2022 to $13.92 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The mineral wool market size is expected to grow to $18.6 billion in 2027 at a CAGR of 7.5%.
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Mineral Wool Market Drivers
The strong growth in the pre-engineered buildings industry is expected to propel the growth of the mineral wool market. Pre-engineered buildings and prefabricated buildings are the building components that are manufactured in the factories and assembled on the construction sites. These types of buildings are mainly used as warehouses and industrial sheds. Mineral wool insulations are used in pre-engineered buildings that provide high resistance to fire and sounds. During the construction of the buildings, mineral wools are used in walls, ceilings, and insulated floors. There will be a significant demand created for mineral wools in response to the growth of the pre-engineered buildings industry.
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Mineral Wool Market Segments
• By Type: Glass Wool, Rock Wool, Other Types
• By Form: Board, Blanket, Panel
• By End Use Industry: Building And Construction, Industrial, Transportation, Other End Use
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Mineral Wool market.
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Mineral Wool Market Key Players
Major competitors in the Mineral Wool market include de Saint-Gobain SA, John Manville, Knauf Insulation, Owens Corning, Rockwool International, Armacell India Private Limited, UP Twiga Fiberglass Limited, Gyptech Systems Pvt Ltd., Rockwool India Pvt Ltd
The Business Research Company's "Global Mineral Wool Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Mineral Wool Market Include:
1. Executive Summary
2. Mineral Wool Market Characteristics
3. Mineral Wool Market Trends And Strategies
4. Mineral Wool Market - Macro Economic Scenario
5. Mineral Wool Market Size And Growth
………
28. Key Mergers And Acquisitions In The Mineral Wool Market
29. Mineral Wool Market Future Outlook and Potential Analysis
30. Appendix
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