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Key Trend Reshaping the Mineral Wool Market in 2025: Sustainability And Recycling Initiatives Transforming The Glass Wool Mineral Market
Mineral Wool Market
The anticipated rise in construction needs is predicted to be a driving force behind the mineral wool market's expansion. Construction involves the procedure of planning, devising, and constructing physical infrastructure, buildings, or facilities. Mineral wool enhances the energy efficiency, fire security, longevity, chemical resilience, indoor comfort, and overall performance of the building. For instance, the Australian Bureau of Statistics reported in May 2024 that in 2022 the construction sector's EBITDA rose by 11.6% to $6.1 billion, rebounding from an 8.4% slide of $4.8 billion in 2021. In addition, the industry's IVA expanded by 14.8%, or $21.0 billion, stemming from the previous year's 9.6% rise of $12.4 billion. Thus, the escalating demand for construction is propelling the mineral wool market growth.
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What is the future CAGR of the mineral wool market, and how will it impact industry expansion?
The size of the mineral wool market has witnessed impressive growth in the past years. It is set to expand from $14.72 billion in 2024 to $15.87 billion in 2025, with a compound annual growth rate (CAGR) of 7.8%. Factors such as the construction industry, energy efficiency laws, industrial uses, and refurbishment and retrofitting have contributed to the growth during the historical period.
In the forthcoming years, robust expansion is anticipated in the mineral wool market, with predictions suggesting it will reach a hefty $23.03 billion by 2029, courtesy of a compound annual growth rate of 9.8%. This surge in the predicted period can be credited to the rising demand for sustainable building materials, increased urbanization and construction initiatives, adherence to energy efficiency norms, and increased awareness. Upcoming trends projected for this period encompass technological progress, innovative product development, rigid construction codes and standards, digitization and intelligent construction, customization and module-based construction, and online distribution via e-commerce platforms.
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What are the most significant trends transforming the mineral wool market today?
The prevailing trend of recycling glass wool insulation is becoming increasingly popular in the glass wool mineral market. The term refers to the practice of utilizing leftover or waste glass or wool to create the end-product of glass wool. Major market players are shifting their focus towards recycling glass materials for new glass wool productions, allowing a reduction in material and energy costs and lowering the environmental footprint. Incorporating recycled materials also enhances the quality of the final goods. This strategy is a draw for customers, boosting manufacturers' product sales. For example, Isover, a German-based subsidiary of Saint-Gobain involved in glass wool production, provides glass wool made up of 80% recycled glass. This not only reduces the demand for new raw materials and the need for landfilling but also enhances the quality of the finished product. Moreover, the company has also decreased the energy needed to melt the glass.
Which key market segments comprise the mineral wool market and drive its revenue growth?
The mineral wool market covered in this report is segmented -
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
Subsegments:
1) By Glass Wool: Light Density Glass Wool, Medium Density Glass Wool, Heavy Density Glass Wool
2) By Rock Wool: Slabs, Batts, Loose Fill, Pipe Insulation
3) By Other Types: Calcium Silicate, Ceramic Fiber, Mineral Fiber
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What regions are at the forefront of mineral wool market expansion?
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
Who are the leading players fueling growth in the mineral wool market?
Major companies operating in the mineral wool market include 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., GAF Materials Corporation, Kingspan Group plc, Ursa Insulation S. A., Thermafiber Inc., Unifrax I LLC, Guardian Building Products Distribution Inc., Shandong Luyang Share Co. Ltd., Beijing New Building Material Co. Ltd., Hebei Huaneng Zhongtian Hi-Tech Co. Ltd., Hengxiang Insulation Materials Co. Ltd., Changzhou Tianqi Rockwool Co. Ltd., Jinan Shengquan Group Share Holding Co., Langfang Juheng Building Materials Co. Ltd., ODE Industry and Trade Limited Company, Changchun ShiLu Insulation Materials Co. Ltd., Byucksan Corporation, Rock Wool Manufacturing Company, Sager AG, ISOMAT S. A.
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What Is Covered In The Mineral Wool Global Market Report?
•Market Size Forecast: Examine the mineral wool market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the mineral wool market for a structured understanding.
•Key Players Overview: Analyze major players in the mineral wool market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the mineral wool market.
•Segment Contributions: Evaluate how different segments drive overall growth in the mineral wool market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the mineral wool market.
•Industry Challenges: Identify potential risks and obstacles affecting the mineral wool market.
•Competitive Landscape: Review strategic developments in the mineral wool market, including expansions, agreements, and new product launches.
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