Global Mineral Wool Material Market to reach USD $billion by 2027. Global Mineral Wool Material Market is valued approximately at USD $billion in 2020 and is anticipated to grow with a healthy growth rate of more than % over the forecast period 2021-2027.
Mineral wool is a type of non-metallic, inorganic product produced from a controlled mixture of raw materials, majorly including either stone or silica which are heated to a high temperature until molten. Strong growth in the Pre-Engineered Buildings (PEB) sectors and Increasing growth of transportation sector are the factors which are driving the growth of Mineral Wool Material market.
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Furthermore, rising Demand of Energy Efficient Buildings will be anticipating the growth of market in forecasted period. For instance: In April 2018, Guangde SKD Rock Wool Manufacture Co., Ltd., a mineral wool manufacturer has acquired by Owens Corning. The strategy will help the company to create new customer base by expansion of its mineral wool material portfolio and strengthen position in global market. Customers are focusing on reducing the energy consumption bills with retrofitting the product in walls, ceilings, and attics. Shifting the mineral wool material market trends towards upgradation of existing insulation system sufficing the building standards will create lucrative opportunities for the industry participants. However, less awareness regarding green building norms may impede market growth over the forecast period of 2021-2027.
Global Mineral Wool Material market analysis on basis of region which includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia-pacific is a significant region across the world in terms of market share due to increasing urbanization, and growth in construction activities in the region. Whereas Europe is anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to increasing development in sound-proof vehicles in the region. Major market player included in this report are: Rockwool International Saint- Gobain Owens Corning Knauf Insulation CertainTeed Corp Saint- Gobain Industrial Insulation Group Johns Manville Guardian Fiberglass Owens Corning
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Product Rock Wool Glass Wool
By Applications Building & Construction Industrial Transportation
By Region: North America U.S. Canada Europe UK Germany France Spain Italy ROE
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Asia Pacific China India Japan Australia South Korea RoAPAC Latin America Brazil Mexico Rest of the World
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