Dec 12, 2018   SOURCE: BusinessWire

Global $19.5 Bn Mineral Wool Market Outlook 2017-2026 - ResearchAndMarkets.com

The "Mineral Wool - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.

Global Mineral Wool market accounted for $9.45 billion in 2017 and is expected to reach $19.55 billion by 2026 growing at a CAGR of 8.4% during the forecast period.

Growing modernization of mineral wool products, rising usage of acoustical insulation and increasing fitness concerns among the population are favouring the market growth. However, availability of cheap insulating materials and lack of knowledge among people are inhibiting the growth of the market. Moreover, increasing adoption of acoustical environment in the industries and residential areas to control noise pollution and ongoing research and development ideas are providing ample opportunities for the market growth.

Mineral wool, a versatile material made from rock and slag is the commonly used insulation material. The mineral wool insulation consist of two product categories i.e. glass wool and slag wool. Glass wool is made from recycled glass and sand whereas the stone wool or the slag wool is made from volcanic rock. The mineral wool can also be made from the recycled material and thus is an economical and environment friendly material.

By End User, building and construction segment held considerable market share during the predicted period, due to growing construction of housing and industrial buildings and rapid urbanization. Asia Pacific is leading the market with the highest market share.

The growth of this region can be attributed to favorable government regulations and low labor cost in India which have been motivating major players to spend in India and huge progress in the automotive industry in China and India which are positively affecting the development of the mineral wool market.

Key Topics Covered:

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porters Five Force Analysis

5 Global Mineral Wool Market, By Product Type

6 Global Mineral Wool Market, By End product

7 Global Mineral Wool Market, By End User

8 Global Mineral Wool Market, By Geography

9 Key Developments

10 Company Profiling

  • Johns Manville Inc
  • Owens Corning
  • Rockwool International A/S
  • Saint-Gobain
  • USG Corporation
  • Knauf Insulation GmbH
  • Qualcomm
  • Superior Energies, Inc.
  • Izocam
  • Thermafiber
  • Scot Industries
  • Silbrico Corporation
  • Poly Glass Fibre

For more information about this report visit https://www.researchandmarkets.com/research/wkcqs6/global_19_5_bn?w=4