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Mineral Wool Material Market Share

Report ID: GMI1875
Published Date: Jan 2022
Report Format: PDF

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Mineral Wool Material Market Share

The global mineral wool material industry includes key players such as

Knauf Insulation, Inc
Armacell India Private Limited
U.P.Twiga Fiberglass Limited
Gyptech Systems Pvt. Ltd
Lloyd Insulations (India) Limited
Saint Gobain India Pvt. Ltd
Rockwool India Pvt. Ltd

Major market players serve their products to a wide range of application industries, which include building & construction, industrial and transportation.

Furthermore, manufacturers are engaged in several activities, which include product development & innovations, mergers & acquisitions to strengthen their market position. For instance, On September 2021, Knauf Insulation, Inc., has built new fiberglass production in Central Texas. Through this, the company will be able to increase production capacity and strengthen its market position.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

In 2020, mineral wool material industry size reached around USD 16.5 billion and could expand at more than 5% CAGR over 2021-2027 owing to increasing construction activities and rapid urbanization.

The overall market revenue from glass wool is anticipated to cross USD 14 billion by 2027 due to its efficient insulating property and growing demand for eco-friendly products.

The market share from transport segment reached USD 1.85 billion in 2020 and could grow at 4.5% CAGR through 2027 due to increasing consumption of insulating material in the automotive sector.

Mineral wool material market size in North America could cross USD 9 billion by 2027 with the rise in industrialization activities and expanding construction sector.