Lucintel Forecasts Mineral Wool Insulation Market To Reach $37 Billion By 2028

By Author: Lucintel LLC
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According to the recent study the Mineral Wool Insulation Market is projected to reach an estimated $37 billion by 2028 from $31 billion in 2022, at a CAGR of 3.6% from 2023 to 2028. Growth in this market is primarily driven by increasing construction activities, stringent government regulations and building codes for energy efficiency & fire safety, globally.
Browse 133 figures/charts and 107 tables in this 230-page report to understand trends, opportunities and forecast in mineral wool insulation market by product type (blankets [batts and rolls], rigid boards, loose fill materials, and other forms), end use industry (residential construction, non-residential construction, industrial and HVAC, and appliances and others), material type (glass wool insulation and stone wool insulation), and region (North America, Europe, Asia Pacific, and the Rest of the World).
“Residential construction market is expected to remain the largest segment during the forecast period.”
Based on end use industry, the mineral wool insulation market is segmented into residential construction, non-residential construction, industrial ...
... and HVAC, and appliances and others. Lucintel forecasts that the residential construction market is expected to remain the largest segment due to the growth in new home construction and renovation activities.
“Within the mineral wool insulation market, the glass wool segment is expected to remain the largest material type.”
Based on material type the glass wool segment is expected to witness the highest growth over the forecast period due to low cost, ease of raw material availability, and compliance with numerous building standards.
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“Europe will dominate the mineral wool insulation market in near future.”
Europe is expected to remain the largest market by value and volume, due to stringent fire safety and energy efficiency standards
Saint-Gobain, The Rockwool Group, Owens Corning, Knuaf Insulation, Johns Manville, Paroc, TechnoNICOL, URSA, KCC Corporation are among the major mineral wool insulation providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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