Press release
Mineral Wool Market Forecast 2024: Robust Market Expansion, Strong CAGR, Key Drivers and Trends
Mineral Wool Market Forecast
What Is The Projected Market Size Of The Global Mineral Wool Global Market Report 2025 And Its Growth Rate?
The Mineral Wool Market is witnessing robust growth:
• From $14.72 billion in 2024 to $15.87 billion in 2025 (7.8% CAGR), driven by the construction industry, energy efficiency regulations, industrial applications, renovation, and retrofitting.
• Expected to grow to $23.03 billion by 2029 (9.8% CAGR) fueled by sustainable building materials, urbanization, construction growth, energy efficiency targets, increased awareness.
What Is Driving The Growth In The Mineral Wool Global Market Report 2025?
The impressive growth in the mineral wool market is primarily driven by the increasing demand in the construction industry. Planning, designing, and building physical structures, infrastructure, or facilities are vital aspects of construction that contribute to overall building performance. Using mineral wool enhances energy efficiency, fire safety, durability, chemical resistance, and indoor comfort. An 11.6% increase in the construction industry's EBITDA to $6.1 billion in 2022 and a 14.8% surge in IVA to$21.0 billion have significantly fueled the demand for mineral wool. Hence, the booming demand in the construction sector is a significant driver of the mineral wool market.
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Who Are the Key Players Driving Mineral Wool Global Market Report 2025 Growth?
The key players in the market are:
• Compagnie de Saint-Gobain SA
• Johns Manville International Inc.
• Knauf Insulation Inc.
• Owens Corning Sales LLC
• Rockwool International A/S
• Saint-Gobain ISOVER
• Paroc Group Oy
• Armacell International S. A.
What Are The Key Trends In The Mineral Wool Global Market Report 2025?
Exciting trends in the mineral wool market:
• Technological advancements
• Innovation in product development
• Stringent building codes and standards
• Digitalization and smart construction
• Customization and modular construction
• E-commerce and online distribution
What Are The Segments Of The Global Mineral Wool Global Market Report 2025?
The Mineral Wool Market is categorized:
1) By Type: Glass Wool, Rock Wool, Other Types
2) By Form: Board, Blanket, Panel
3) By End-Use Industry: Building And Construction, Industrial, Transportation, Other End-Use
Which Region Leads The Mineral Wool Global Market Report 2025?
Asia-Pacific was the largest region in the mineral wool market in 2024. The regions covered in the mineral wool market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Mineral Wool Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Mineral Wool Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Mineral Wool Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Mineral Wool Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Mineral Wool Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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