Mineral wool market: A shift towards energy efficient world
Insulation products are used to prevent heat loss, sound or thermal insulation in the commercial & residential buildings. Insulation products are used to easily control energy efficiency of the structures; industrial, residential or commercial. Heat and energy efficiency of the building also ensures the reduction of the carbon footprints and helps in saving the environment, which is one of the major concerns in today’s world. Increasing environment awareness and energy efficiency is leading to the demand and applications of the insulation products in the building & construction industry.
Mineral wool market: Growing demand from Asia-Pacific
Asia-Pacific was the leading consumer of the mineral wool in 2013, accounting for ~40% share of the overall mineral wool market, by value. The demand in the region is strong due to the rapid development of residential and commercial construction sector, along with industrial, and manufacturing, sectors. This has projected the Asia-Pacific as an investment hub where several major companies have placed themselves to tap the potential of a growing market.
Key growth strategies
Global players have adopted a wide range of growth strategies. These companies have focused on new product launch, expansion, merger & acquisition and agreement & collaboration as the major growth strategy to increase their global footprints and market share. Major players of mineral wool market include 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.).
Mineral Wool Market by Type (Glass Wool and Stone Wool), End Product (Blanket, Board, Panel, customized shape), and by applications (Fire protection, Thermal, Acoustics, and Others) - Global Trends & Forecasts to 2019
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