Global Mineral Wool Market Set to Reach $18.6 Billion by 2027, Propelled by Growing Pre-Engineered Buildings Industry

LANDON, GREATER LANDON, UK, November 8, 2023 /EINPresswire.com/ -- The global mineral wool market, segmented by type, form, and end-use industry, is anticipated to grow from $13.04 billion in 2022 to $13.92 billion in 2023, registering a compound annual growth rate (CAGR) of 6.7%. Despite the disruptive impact of the Russia-Ukraine conflict on global economic recovery from the COVID-19 pandemic, the market is expected to expand further, reaching $18.6 billion by 2027, with a CAGR of 7.5%.

The Robust Growth in the Pre-Engineered Buildings Industry Drives Market Expansion

The robust growth in the pre-engineered buildings industry, characterized by the significant use of mineral wool insulations in walls, ceilings, and insulated floors, is expected to be a key driver for the mineral wool market. The rise in pre-engineered and prefabricated buildings, particularly in China, has notably contributed to the increasing demand for mineral wools, given their high fire and sound resistance properties. This trend is set to fuel the market growth as the use of pre-engineered buildings continues to rise globally.

Explore the comprehensive report on the global mineral wool market for detailed insights and analysis:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6721&type=smp

Key Players and Market Trends

Compagnie de Saint-Gobain SA, Rockwool International, and Owens Corning are among the key players at the forefront of the mineral wool market, emphasizing the recycling of glass wool insulation materials to manufacture new glass wool products. By incorporating recycled materials, manufacturers can significantly reduce material and energy costs, while simultaneously reducing the environmental impact. Additionally, the use of recycled materials enhances the quality of the final products, further driving customer interest and boosting product sales for manufacturers.

Segments:

• Type: Glass Wool, Rock Wool, Other Types
• Form: Board, Blanket, Panel
• End-Use Industry: Building And Construction, Industrial, Transportation, Other End Use

Geographical Insights: Asia-Pacific Leads the Market

Asia-Pacific, having dominated the mineral wool market in 2022, remains a key region driving market growth. The comprehensive report provides extensive insights into regional dynamics, market trends, and growth opportunities across various regions.

Access the complete report for an in-depth analysis of the global mineral wool market:
https://www.thebusinessresearchcompany.com/report/mineral-wool-global-market-report

Mineral Wool Global Market Report 2023from TBRC covers the following information:

• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

The Mineral Wool Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on mineral wool market size, mineral wool market drivers and trends, mineral wool market major players, competitors' revenues, market positioning, and market growth across geographies. The mineral wool market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

Browse Through More Similar Reports By The Business Research Company:

Wool Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/wool-global-market-report

Agricultural Films Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/agricultural-films-global-market-report

Agriculture Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/agriculture-global-market-report

About The Business Research Company
The Business Research Company has published over 3000+detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Global Market Model – Market Intelligence Database
The Global Market Model, The Business Research Company’s flagship product, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users assess supply-demand gaps.

Contact Information
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: [email protected]

Check out our:
LinkedIn:https://in.linkedin.com/company/the-business-research-company
Twitter:https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog:https://blog.tbrc.info/
Healthcare Blog:https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Oliver Guirdham
The Business Research Company
+44 20 7193 0708
[email protected]
Visit us on social media:
Facebook
Twitter
LinkedIn