세계의 미네랄 울 시장 : 점유율 분석, 산업 동향 및 통계, 성장 예측(2025-2030년)

The Mineral Wool Market size is estimated at USD 19.61 billion in 2025, and is expected to reach USD 26.53 billion by 2030, at a CAGR of 6.23% during the forecast period (2025-2030).

The COVID-19 pandemic hindered the market because lockdowns, social distances, and trade sanctions caused significant disruptions to global supply chain networks. The construction industry has witnessed a decline due to the halt in activities. However, the condition recovered in 2021, which was expected to benefit the market during the forecast period.

Key Highlights

• The major factors driving the market are the growing building and construction industry and regulatory support to increase energy efficiency.
• Health hazards related to mineral wool and the availability of cheap insulating materials are the factors that may slow down the market.
• The increasing number of power plants in Asia-Pacific and the recyclability of glass mineral wool are the major opportunities to drive the market in the future.
• Asia-Pacific is expected to dominate the global market due to government investments in construction activities, leading to a huge demand for mineral wool from countries such as China, Japan, and India.

Mineral Wool Market Trends

Growth from the Building and Construction Industry

• Mineral wool is a material that has grown in popularity over the last few decades. Mineral wool is a mixture of stone, molten gas, or industrial waste. It is a flexible and one-of-a-kind product that is often used as insulation.
• Mineral wool insulation is non-combustible, does not conduct heat, and can resist temperatures above 1,000°C, making it an ideal fire-retardant product. Therefore, the material can be used as a covering for ceilings as well as in fire-resistant doors and partition walls.
• The building and construction industry has been growing for the past few years, owing to factors such as increasing population, development of new cities, growing migration in urban areas, renewal of old infrastructure in established cities, and others, and it is expected to reach a revenue of USD 4.4 trillion by 2030. There are 14,200 road and highway construction businesses in the United States as of 2023, an increase of 0.7% from 2022.
• According to the Institution of Civil Engineers, China, India, and the United States are expected to account for almost 60% of all global growth in the construction sector by 2025, thus increasing the market growth of mineral wool in the industry.
• The United States was among the top construction markets globally, and per the United States Census Bureau, in 2021, construction in the United States was valued at USD 1.58 trillion, accounting for around 4.3% of the total GDP of the country.
• In 2021, according to the reports by Rockwool International, the sales of the insulation business increased by 20% year over year to USD 2.44 billion, up from USD 2.03 billion the previous year. The residential sector's increased construction and renovation activity was what drove the sales.
• According to the US Census Bureau, the total privately owned housing units authorized by building permits in December 2021 were 1,873,000, 9.1% more than the revised rate of 1,717,000 in November. Building permits authorized an estimated 1,724,700 housing units in 2021, which was 17.2% more than the 1,471,100 in the previous year.
• Therefore, the growing building and construction industry is expected to fuel the demand for mineral wool globally through the years to come.

Asia-Pacific Region to Dominate the Market

• The Asia-Pacific region held the largest market share in the overall mineral wool market worldwide. The ongoing changes in the construction sector are primarily what drive the market for mineral wool in the area.
• China has the world's largest construction industry. Moreover, with several major construction projects in progress, China is likely to maintain its stature as the world's largest construction industry over the foreseeable future.
• As per the U.S. International Trade Administration, China's construction market is forecasted to grow at an average annual rate of 8.6% until 2030. According to the National Development and Reform Commission (NDRC), China is investing USD 1.43 trillion in major construction projects over the next five years, until 2025. The Shanghai plan includes an investment of USD 38.7 billion in the next three years, whereas Guangzhou signed 16 new infrastructure projects with an investment of USD 8.09 billion.
• In India, the construction development sector and construction activities stood at USD 26.08 billion and USD 24.72 billion, respectively, in March 2021. In 2022, India contributed about USD 640 billion to the construction industry due to government initiatives in infrastructure development and affordable housing, such as housing for all, smart city plans, and others. The growing construction activities in the country are driving the demand for insulation materials in the country, which, in turn, may drive the mineral wool market over the forecast period.
• The Japanese construction industry is expected to be blooming, owing to the events to be hosted in the country. In 2021, Tokyo hosted the Olympics, and the World Expo is to be held in Osaka in 2025, due to which it is expected that there will be an immense growth in the infrastructure development in the country.
• According to the Ministry of Finance of Japan, the construction industry in Japan generated sales of approximately USD 1.22 trillion in the fiscal year 2021, registering an increase of 2.1% as compared to the same period last year.
• Asia is the largest automotive manufacturing hub in the world. The development of electric vehicles is expected to continue to gain momentum in the future, especially in China, where many government programs are promoting the move away from fossil fuels owing to various environmental concerns.
• The Chinese government is planning to have a minimum of 5,000 fuel cell electric vehicles by 2025 and 1 million by 2030. The government's promotion of the use of electric, hybrid, and fuel cell electric vehicles is expected to drive the market studied during the forecast period.
• According to the China Association of Automobile Manufacturers (CAAM), automotive sales in China fell by 8.4% year over year to 2.56 million units in December 2022, whereas they grew to 26.86 million units for the full year 2022.
• Hence, all such factors from various end-user sectors are expected to impact the demand for mineral wool in the region over the forecast period.

Mineral Wool Industry Overview

The mineral wool market is partially consolidated in nature in terms of revenue. Some of the major players in the market include (not in any particular order) Rockwool International AS, Saint Gobain, Knauf Insulation, Owens Corning, and Johns Manville, among others.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

• 4.1 Drivers
  • 4.1.1 Growing Building and Construction Industry
  • 4.1.2 Regulatory Support to Increase Energy Efficiency
• 4.2 Restraints
  • 4.2.1 Health Hazards Related to Mineral Wool
  • 4.2.2 Availability of Cheap Insulating Materials
• 4.3 Industry Value Chain Analysis
• 4.4 Porter's Five Force Analysis
  • 4.4.1 Bargaining Power of Suppliers
  • 4.4.2 Bargaining Power of Consumers
  • 4.4.3 Threat of New Entrants
  • 4.4.4 Threat of Substitute Products and Services
  • 4.4.5 Degree of Competition

5 MARKET SEGMENTATION (Market Size in Value)

• 5.1 Type
  • 5.1.1 Glass Wool
  • 5.1.2 Stone Wool
  • 5.1.3 Slag Wool
• 5.2 Product Type
  • 5.2.1 Board
  • 5.2.2 Blanket
  • 5.2.3 Loose Wool
  • 5.2.4 Other Product Types
• 5.3 End-user Industry
  • 5.3.1 Automotive and Transportation
  • 5.3.2 Building and Construction
  • 5.3.3 Industrial and Consumer Appliances
  • 5.3.4 Other End-user industries
• 5.4 Geography
  • 5.4.1 Asia-Pacific
    • 5.4.1.1 China
    • 5.4.1.2 India
    • 5.4.1.3 Japan
    • 5.4.1.4 South Korea
    • 5.4.1.5 Rest of Asia-Pacific
  • 5.4.2 North America
    • 5.4.2.1 United States
    • 5.4.2.2 Canada
    • 5.4.2.3 Mexico
  • 5.4.3 Europe
    • 5.4.3.1 Germany
    • 5.4.3.2 France
    • 5.4.3.3 United Kingdom
    • 5.4.3.4 Italy
    • 5.4.3.5 Rest of Europe
  • 5.4.4 South America
    • 5.4.4.1 Brazil
    • 5.4.4.2 Argentina
    • 5.4.4.3 Rest of South America
  • 5.4.5 Middle-East and Africa
    • 5.4.5.1 Saudi Arabia
    • 5.4.5.2 South Africa
    • 5.4.5.3 Rest of Middle-East and Africa

6 COMPETITIVE LANDSCAPE

• 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
• 6.2 Market Share (%) Analysis **/ Market Ranking Analysis
• 6.3 Strategies Adopted by Leading Players
• 6.4 Company Profiles
  • 6.4.1 Ecowool
  • 6.4.2 Great Lakes Textiles
  • 6.4.3 Johns Manville
  • 6.4.4 Kingspan Group
  • 6.4.5 Knauf Insulation
  • 6.4.6 National Industrial Co.
  • 6.4.7 NTN OOD
  • 6.4.8 Owens Corning
  • 6.4.9 Rockwool International AS
  • 6.4.10 Rosewool Insulation Refractory Co. Ltd.
  • 6.4.11 Saint Gobain

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

• 7.1 Increasing Number of Power Plants in Asia-Pacific
• 7.2 Recyclability of Glass Mineral Wools