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Key Trends Reshaping the Mineral Wool Market: Sustainability And Recycling Initiatives Transforming The Glass Wool Mineral Market Industry Transformation
Mineral Wool
Mineral Wool Market Size Growth Forecast: What to Expect by 2025?
The size of the mineral wool market has been robustly expanding in the past few years. An increase from $14.72 billion in 2024 to $15.77 billion in 2025, with a compound annual growth rate (CAGR) of 7.1% is predicted. The factors contributing to this growth in the past have been the construction sector, energy-efficient regulations, industrial applications, as well as renovation and retrofitting.
How Will the Mineral Wool Market Size Evolve and Grow by 2029?
The size of the mineral wool market is projected to witness robust expansion in the upcoming years, ballooning to a whopping $21.4 billion by 2029, with a compound annual growth rate (CAGR) of 7.9%. The growth predicted for the forecast period can be ascribed to factors such as the use of eco-friendly building materials, urbanization and construction expansion, energy efficiency goals, and heightened awareness. Key trends expected during the forecast period encompass technological progress, innovation in the creation of products, restrictive building codes and standards, digitalization and intelligent construction, customization and modular construction, as well as e-commerce and online distribution.
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What Drivers Are Propelling the Growth of Mineral Wool Market Forward?
The mineral wool market is predicted to benefit from a surge in construction demands. Construction, which includes the planning, design and creation of physical structures, infrastructure and facilities, utilises mineral wool to enhance energy efficiency, fire safety, longevity, chemical resilience, indoor comfort, and the overall performance of the building. As per the data from the Australian Bureau of Statistics, an Australian government statistical agency, in 2022, the construction industry experienced an 11.6% rise in EBITDA, reaching $6.1 billion, following an 8.4% decline that led to $4.8 billion in 2021. Furthermore, the sector's IVA saw an increase by 14.8% or $21.0 billion, continuing the upward trend from the previous year's 9.6% increase of $12.4 billion. Hence, this rising demand in construction is fuelling the expansion of the mineral wool market.
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What Trends Will Shape the Mineral Wool Market Through 2029 and Beyond?
One emerging trend in the glass wool mineral market is the recycling of glass wool insulation. This entails the utilization of residual or discarded glass/wool to create the end glass wool product. Leading companies are becoming more focused on using recycled glass resources in the production of new glass wool. This not only facilitates a reduction in material and energy costs but it also lessens their environmental footprint. The use of these recycled materials can also enhance the quality of the finished product, making them more appealing to customers and thereby boosting product sales. For example, Isover, a subsidiary of Saint-Gobain and a German manufacturer of glass wool, produces glass wool that contains up to 80% recycled glass. This practice reduces their consumption of new raw materials and cuts down on landfill waste while at the same time, elevating the quality of their finished products. Likewise, they are also diminishing the energy used in melting the glass.
What Are the Key Segments in the Mineral Wool Market?
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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Who Are the Key Players Shaping the Mineral Wool Market's Competitive Landscape?
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.
What Geographic Markets Are Powering Growth in the Mineral Wool Market?
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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