Mineral Wool Market riding high on emerging technologies

The mineral wool market size in terms of value is projected to reach $12 billion by 2019, at an approximate CAGR of 7.0% between 2014 and 2019.

Browse 82 market data tables and 53 figures spread through 131 pages and in-depth TOC on “Mineral Wool Market by Application (Building & Construction, Industrial & Appliances, Transportation, and Others) & Regional Analysis (North America, Europe, Asia-Pacific and Row) - Trends & Forecasts To 2019".

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The major factors driving the market growth are the increasing demand for the mineral wool based insulation products for thermal and acoustic insulation in the residential and commercial buildings and demand for heat insulation for the industrial applications to avoid heat loss and save energy.

The mineral wool market is analyzed with respect to types, end products and applications. The mineral wool is classified into two major types, Glass Wool and Stone Wool. Mineral wool end products include Blanket, Board, Panel, customized shape, and others. End-use applications included are Fire protection, Thermal, Acoustics, and Others. Building & construction industry is the major consumer of mineral wool, a trend which is anticipated to continue in future.

Asia-Pacific is the largest market for mineral wool, with the presence of emerging economies such as China and India, and growing activities in the construction, and industrial sector. Lower cost of production has provided a great opportunity for the global players to set up their manufacturing facility in the Asia-Pacific region, especially, in the developing nations such as China and India.

Asia-Pacific will continue to lead the market till 2019, leaving behind developed economies, such as North America and Europe.

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Major companies; such as Saint-Gobain (France), Rockwool International (Denmark), Knauf Insulation (Netherlands), Industrial Insulation Group, LLC. (U.S.), CertainTeed Corp. (U.S.), Guardian Fiberglass, Inc. (U.S.), Johns Manville (U.S.), Owens Corning (U.S.), Roxul Inc. (Canada), Rock Wool Manufacturing Co. (U.S.), Thermafiber, Inc. (U.S.) and USG Interiors, Inc. (U.S.) have also been profiled in this report.

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