According to Stratistics MRC, 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.
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By geography, the Asia Pacific holds the largest share in the market. The growth of this region can be attributed to favorable government regulations and low labor costs 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.
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.
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
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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