Dallas, TX -- (SBWire) -- 11/15/2018 --According to a new market report published by Lucintel, the future of the mineral wool insulation market looks promising with opportunities in the residential & non-residential construction, industrial, HVAC, and appliance markets. The global mineral wool insulation market is expected to reach an estimated $23.7 billion by 2023 with a CAGR of 3.8% from 2018 to 2023. The major growth drivers for this market are increasing construction activities, stringent global government regulations and building codes for energy efficiency & fire safety.
Browse 107 market data tables and 133 figures spread through 231 pages and in-depth TOC on "Global Mineral Wool Insulation Market"
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In this market, different types of mineral wool insulation grades such as glass wool insulation and stone wool insulation in various material type. Lucintel forecasts that glass wool will remain the largest material type, and is also 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.
Within the mineral wool insulation market, residential construction will remain the largest end use industry, and it is also expected to witness the highest growth over the forecast period due to the growth in new home construction and renovation activities.
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Europe is expected to remain the largest market by value and volume, due to stringent fire safety and energy efficiency standards.
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Emerging trends, which have a direct impact on the dynamics of the mineral wool insulation industry, include the shift towards eco-friendly green insulation, growing focus on glass wool insulation recycling, and the development of lightweight & high fire resistant insulation. Rockwool, Saint-Gobain, Owens Corning, Knauf Insulation, Johns Manville, KCC Corporation and others are among the major mineral wool insulation manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global mineral wool insulation market by product type, by end use industry, by material type, and region and has come up with a comprehensive research report entitled "Growth Opportunities in the Global Mineral Wool Insulation Market 2018-2023: Trends, Forecast, and Opportunity Analysis." The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global mineral wool insulation market by product type, by end use industry, by material type, and region as follows:
By Material Type [Volume (Kilotons) and $M shipment analysis for 2012 – 2023]:
- Glass Wool Insulation
- Stone Wool Insulation
By Product Type [Volume (Kilotons) and $M shipment analysis for 2012 – 2023]:
- Blanket (batts and rolls)
- Rigid Board
- Loose Fill Materials
- Other Forms
By End Use Industry [Volume (Kilotons) and $M shipment analysis for 2012 – 2023]:
- Residential Construction
- Non-Residential Construction
- Industrial and HVAC
- Appliances and Others
By Region [Kilotons and $M shipment analysis for 2012 – 2023]:
- North America
– United States
– Canada
– Mexico
- Europe
– Germany
– Russia
– France
– United Kingdom
- Asia Pacific
– China
– India
– Japan
- The Rest of the World
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This 231-page 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 click on this link https://www.lucintel.com/mineral-wool-insulation-market.aspx or helpdesk@lucintel.com
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Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the global mineral wool insulation market to 2023 by product type (blanket [batts and rolls], rigid board, 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)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?
The Global Mineral Wool Insulation Market Is Expected to Reach $23.7 Billion by 2023