Mineral Fiber Market

Introduction

The demand for mineral fiber is being conceded away with the increasing construction activities in the developing nations across the globe. With large market potential and growing infrastructural developments in developing regions, the global mineral fiber market is likely to observe a substantial growth in the near future.

The non-flammable properties associated with mineral wool makes it an ideal material for the fire protection which has made it very common in all types of buildings – be they homes, schools, offshore oilrigs, petrochemical refineries and others. The properties of mineral wool has forced development of a wide variety of application to meet the specific needs of industry. 

Mineral Fiber Market: Drivers & Restraints

The most important driving force behind the ongoing innovation of mineral wool products is the high demand for thermal insulation. The building materials using glass wool insulation consistently has proven it the most cost effective solution. This has increased the demand for heat insulation products for the industrial applications to avoid heat loss and save energy.

The global mineral fiber market growth will also be supported by the rising demand for acoustical insulation in the residential and commercial buildings that is expected to positively influence the demand of mineral wools as it is the primary acoustic material used in the construction of acoustic panels and bass traps.

The better availability of raw materials coupled with the growing building and construction sector is expected to positively influence the demand for mineral fiber market.

Although, the global mineral fiber market will remain highly reliant on construction sector, the growing special purpose mineral fiber made of glass in marine and aircraft applications are also rising the significance of the mineral fiber in different industries.

The global mineral fiber market is also facing some challenges such as the regulations and standards applicable and mandatory compliance with the rules owing to the health hazards associated with the use of the material.

Mineral Fibre Market: Segmentation

By type	Glasswool Stonewool Rockwool Slagwool Glass Filaments Ceramic Fibres
By application	Thermal Insulation Acoustic Insulation Fire Protection Others
By end products	Ceiling boards Blankets Panels and Tiles Others (Customised Shapes, etc.)
By building type	Residential Commercial Public

Mineral Fiber Market: Region-wise Outlook

The mineral fiber market is expected to register a favourable growth for the forecast period, 2016-2026. North America market is projected to endure control on the global mineral fiber market due to its flourishing end user industries. Some of the other fastest growing regions in mineral fiber market are Latin America, Middle East and Asia Pacific.

The North America and Western Europe are expected to register a moderate growth rate owing to the saturation of end use markets in the regions. The Eastern Europe is expected to depict a high growth in the future ahead.

Mineral Fiber Market: Key Players

The key players in the global mineral fiber are Saint-Gobain, CertainTeed Corp Rockwool International, Industrial Insulation Group, LLC. Knauf Insulation., Guardian Fiberglass, Inc.,  Owens Corning, Johns Manville, Roxul Inc., Rock Wool Manufacturing Co., Thermafiber, Inc. and USG Interiors, Inc. etc.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

The report covers exhaustive analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Regional analysis includes

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Austra ia & New Zealand)
• Japan
• Middle East and Africa (GCC, S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

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