Press release
Mineral Fiber Market to Witness Comprehensive Growth by 2026
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The non-flammable properties associated with mineral wool makes it an ideal material for the fire protection which has made it very common in all types of buildings – be they homes, schools, offshore oilrigs, petrochemical refineries and others. The properties of mineral wool has forced development of a wide variety of application to meet the specific needs of industry.
Mineral Fiber Market: Drivers & Restraints
The most important driving force behind the ongoing innovation of mineral wool products is the high demand for thermal insulation. The building materials using glass wool insulation consistently has proven it the most cost effective solution. This has increased the demand for heat insulation products for the industrial applications to avoid heat loss and save energy.
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The global mineral fiber market growth will also be supported by the rising demand for acoustical insulation in the residential and commercial buildings that is expected to positively influence the demand of mineral wools as it is the primary acoustic material used in the construction of acoustic panels and bass traps.
The better availability of raw materials coupled with the growing building and construction sector is expected to positively influence the demand for mineral fiber market.
Although, the global mineral fiber market will remain highly reliant on construction sector, the growing special purpose mineral fiber made of glass in marine and aircraft applications are also rising the significance of the mineral fiber in different industries.
The global mineral fiber market is also facing some challenges such as the regulations and standards applicable and mandatory compliance with the rules owing to the health hazards associated with the use of the material.
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Mineral Fibre Market: Segmentation
By type, the global mineral fiber market is segmented as follows:
Glasswool
Stonewool
Rockwool
Slagwool
Glass Filaments
Ceramic Fibres
By application, the global mineral fiber market is segmented as follows:
Thermal Insulation
Acoustic Insulation
Fire Protection
Others
By end products, the global mineral fiber market is segmented as follows:
Ceiling boards
Blankets
Panels and Tiles
Others (Customised Shapes, etc.)
By building type, the global mineral fiber market is segmented as follows:
Residential
Commercial
Public
Mineral Fiber Market: Region-wise Outlook
The mineral fiber market is expected to register a favourable growth for the forecast period, 2016-2026. North America market is projected to endure control on the global mineral fiber market due to its flourishing end user industries. Some of the other fastest growing regions in mineral fiber market are Latin America, Middle East and Asia Pacific. The North America and Western Europe are expected to register a moderate growth rate owing to the saturation of end use markets in the regions. The Eastern Europe is expected to depict a high growth in the future ahead.
Mineral Fiber Market: Key Players
The key players in the global mineral fiber are Saint-Gobain, CertainTeed Corp Rockwool International, Industrial Insulation Group, LLC. Knauf Insulation., Guardian Fiberglass, Inc., Owens Corning, Johns Manville, Roxul Inc., Rock Wool Manufacturing Co., Thermafiber, Inc. and USG Interiors, Inc. etc.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
The report covers exhaustive analysis on:
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Austra ia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights:
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
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