The Global Mineral Wool Market is accounted for $10,864.09 million in 2020 and is expected to reach $20,559.89 million by 2028 growing at a CAGR of 8.3% during the forecast period. Growing modernization of mineral wool products, rising usage of acoustical insulation, and increasing fitness concerns among the population are the major factors propelling the market growth. However, the availability of cheap insulating materials and lack of knowledge among people are hampering the market growth.
Some of the key players profiled in the Mineral Wool Market include BYUCKSAN, CertainTeed, Fabricating Services, Inc, Guardian Industries, Izocam, Johns Manville Inc., Knauf Insulation GmbH, Korff Isolmatic GmbH, Owens Corning, Rockwool International A/S, Saint-Gobain, TechnoNICOL, Uralita SA, URSA Insulation S.A, and USG Corporation.
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Types Covered: • Stone Wool/Rock Wool • Glass Wool • Slag Wool
Product Types Covered: • Board • Blanket • Loose Wool • Panel (Acoustic) • Customized Shape
End Users Covered: • Residential • Commercial • Industrial
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The Global Mineral Wool Market is majorly driven by rising modernization of mineral wool products, growing usage of acoustical insulation, and increasing fitness concerns among the population. The blanket segment is growing at the highest CAGR, as it offer excellent flexibility, resiliency to vibrations and economies of scale. North America dominated with a significant market share due to the adoption of regulations imposed by government along with growth of automotive industry. Asia Pacific market is growing at the highest CAGR due to growing urbanization, high industrialization rates and surge in construction spending.
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