The report on global mineral wool market provides qualitative and quantitative analysis for the period of 2016 to 2024. The report predicts the global mineral wool market to grow with a CAGR of 6.5% over the forecast period of 2018-2024. The study on mineral wool market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific and RoW for the period of 2016 to 2024.
Mineral wool is a generic name for a range of man-made non-metallic inorganic fibres. It is widely known for its wide range of insulation applications. It is a common name for fiber materials that are formed by melting the raw material at high temperatures, creating a “lava”, and then spinning this into delicate fibers using centrifugal wheels. The common types of Mineral Wool are Stonewool, Slagwool (both of which are often referred to as Rockwool, which is actually a brand in most countries) and Glass Mineral Wool (previously referred to a Fibreglass or Fiberglass). These products are manufactured in similar processes and have similar properties. It is widely used in all sectors of industry as transport and building for thermal, acoustic and fire-protection purposes etc.
Mineral wool has very unique properties, that no other insulation material can provide as ability to save energy, minimize pollution, combat noise, reduce the risk of fire and protect life and property in the event of fire. Due to its unique properties, the demand for mineral wool market is growing globally. 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. There is increasing demand of acoustical insulation in the residential and commercial building all over the world. Furthermore, ongoing research and development initiatives to make mineral fiber more innovative and more applicable to consumers, is also a factor for the growth of the market globally. Due to some health issues as workplace exposure limits to workers, and standardization issues, every government has separate laws related to mineral wool production and sale, hence MNCs involved in this business have to follow its host country’s rule for business. The abundance availability of raw materials, and growing building and construction sector especially in developing countries as India and China, is expected to provide a better opportunity for the market.
On the basis of region, the Global mineral wool market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). North America dominates the global mineral wool market, due to presence of mineral wool manufacturers and the growth of end-use industries in this region, Also, Asia Pacific region is expected to grow at the highest CAGR during the forecast period of 2018-2024 due to huge demand of mineral wool in many application, basically demand from construction sector.
The report on mineral wool market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global mineral wool market over the period of 2016 to 2024. Moreover, the report is collective presentation of primary and secondary research findings.
Porter’s five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global mineral wool market over the period of 2016 to 2024. Further, IGR- Growth Matrix given in the report brings an insight on the investment areas that existing or new market players can consider.
A) Primary Research
Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached through
1. Key Opinion Leaders associated with Infinium Global Research
2. Internal and External subject matter experts
3. Professionals and participants from LinkedIn, Hoovers, Factiva and Bloggers
Our primary research respondents typically include
1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.
B) Secondary Research
Secondary research involves extensive exploring through the secondary sources of information available in both public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.
The secondary sources of the data typically include
1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies
The global mineral wool market is segmented on the basis of type, end products, applications and end user.
Global Mineral Wool Market by Type
? Glass Wool
? Stone Wool
Global Mineral Wool Market by End Products
? Customised Shapes
Global Mineral Wool Market by Applications
? Fire Protection
? Thermal Insulation
? Acoustic Insulation
Global Mineral Wool Market by End User
? Building & Construction
? Johns Manville Inc.
? Knauf Insulation GmbH
? Owens Corning
? Rockwool International A/S
? Uralita SA
? Poly Glass Fiber Insulation
How this report delivers?
1. Comprehensive analysis of global as well as regional markets of mineral wool market.
2. Complete coverage of all the segments in mineral wool market to analyze the trends, developments in the global market and forecast of market size up to 2024.
3. Comprehensive analysis of the companies operating in global mineral wool market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. IGR- Growth Matrix presents analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.