Mineral Wool Board Insulation Market Share, Size, Trends, Industry Analysis Report, By Type (Rock Wool, Glass Wool, Others); By Functionality; By Application; By Region; Segment Forecast, 2024 - 2032

Mineral Wool Board Insulation Market Share, Size, Trends, Industry Analysis Report, By Type (Rock Wool, Glass Wool, Others); By Functionality; By Application; By Region; Segment Forecast, 2024 - 2032



The global mineral wool board insulation market size is expected to reach USD 28.52 billion by 2032, according to a new study by Polaris Market Research. The report “Mineral Wool Board Insulation Market Share, Size, Trends, Industry Analysis Report, By Type (Rock Wool, Glass Wool, Others); By Functionality; By Application; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The mineral wool board insulation market is anticipated to witness significant growth in the coming years, driven by its capacity to lower the need for heating and cooling. The growing concerns about limiting the use of power as a part of reducing greenhouse gas emissions by consumers are positively fueling the adoption of mineral wool board insulation. Based on the International Energy Agency report, the construction industry accounts for 1/4th of the global energy-related emissions and approximately 30% of the power utility.

The rising temperatures around the globe due to the significant uptick in global emissions necessitate the need for sustainable housing. According to the International Energy Agency, the number of households with heat, ventilation, and air conditioning (HVAC) units is expected to reach 5.7 billion by 2050, up from 2 billion currently. This is emphasizing governments and other organizations to encounter higher consumption of power by HVAC systems, optimally boosting the use of mineral wool board insulation.

The growing demand for housing with rising urbanization at the global level is facilitating the need for the construction of energy-efficient buildings in the marketplace, driving the demand for mineral wool board insulation. According to the United Nations, the urban population is likely to reach 60% of the global population in 2030, up from 55% in 2018. This ongoing trend is likely to drive governments to focus on the construction of new dwellings, fueling the demand for mineral wool board insulation.

The significant rise in population, specifically in India and China, is likely to provide enormous demand opportunities for mineral wool board insulation over the study period. According to the Confederation of Real Estate Developers’ Associations of India (CREDAI), in 2024, the housing demand in India is anticipated to meet 93 million units in multiple tier II and III cities by 2036. As the global population is likely to grow to a certain extent, there will be a huge demand for dwellings, primarily sustainable housing, as most of the nations are working towards a net zero emission target.

Mineral Wool Board Insulation Market Report Highlights
  • The thermal insulation segment held the largest share owing to the growing efforts by individuals and businesses to mitigate rising energy costs.
  • Residential segment dominated the market due to the increasing use of power for HVAC systems.
  • APAC is projected to register the fastest growth during the forecast period, attributable to rising government initiatives to lower emissions.
  • The global players include Acoustical Surfaces, Inc., Guardian Fiberglass, Hodgson & Hodgson, Hush Acoustics, Johns Manville Inc., & Owens Corning.
Polaris Market Research has segmented the mineral wool board insulation market report based on type, functionality, application and region:

Mineral Wool Board Insulation, Type Outlook (Revenue - USD Billion, 2019 - 2032)
  • Rock Wool
  • Glass Wool
  • Others
Mineral Wool Board Insulation, Functionality Outlook (Revenue - USD Billion, 2019 - 2032)
  • Thermal Insulation
  • Acoustic Insulation
  • Others
Mineral Wool Board Insulation, Application Outlook (Revenue - USD Billion, 2019 - 2032)
  • Industrial
  • Commercial
  • Residential
  • Others
Mineral Wool Board Insulation, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
  • North America
- U.S.

- Canada
  • Europe
- Germany

- UK

- France

- Italy

- Spain

- Russia

- Netherlands

- Rest of Europe
  • Asia Pacific
- China

- India

- Japan

- South Korea

- Indonesia

- Malaysia

- Australia

- Rest of Asia Pacific
  • Latin America
- Argentina

- Brazil

- Mexico

- Rest of Latin America
  • Middle East & Africa
- UAE

- Saudi Arabia

- Israel

- South Africa

- Rest of Middle East & Africa


1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Global Mineral Wool Board Insulation Market Insights
4.1. Mineral Wool Board Insulation Market – Application Snapshot
4.2. Mineral Wool Board Insulation Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Rising demand for heat, ventilation, and air conditioning systems
4.2.1.2. Increase in the development of insulation systems
4.2.2. Restraints and Challenges
4.2.2.1. The higher costs of the installation of mineral wool board insulation
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Mineral Wool Board Insulation Market Application Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Mineral Wool Board Insulation Market, by Type
5.1. Key Findings
5.2. Introduction
5.2.1. Global Mineral Wool Board Insulation Market, by Type , 2019-2032 (USD Billion)
5.3. Rock Wool
5.3.1. Global Mineral Wool Board Insulation Market, by Rock Wool, by Region, 2019-2032 (USD Billion)
5.4. Glass Wool
5.4.1. Global Mineral Wool Board Insulation Market, by Glass Wool, by Region, 2019-2032 (USD Billion)
5.5. Others
5.5.1. Global Mineral Wool Board Insulation Market, by Others, by Region, 2019-2032 (USD Billion)
6. Global Mineral Wool Board Insulation Market, by Functionality
6.1. Key Findings
6.2. Introduction
6.2.1. Global Mineral Wool Board Insulation Market, by Functionality, 2019-2032 (USD Billion)
6.3. Thermal Insulation
6.3.1. Global Mineral Wool Board Insulation Market, by Thermal Insulation, by Region, 2019-2032 (USD Billion)
6.4. Acoustic Insulation
6.4.1. Global Mineral Wool Board Insulation Market, by Acoustic Insulation, by Region, 2019-2032 (USD Billion)
6.5. Others
6.5.1. Global Mineral Wool Board Insulation Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Mineral Wool Board Insulation Market, by Application
7.1. Key Findings
7.2. Introduction
7.2.1. Global Mineral Wool Board Insulation Market, by Application, 2019-2032 (USD Billion)
7.3. Industrial
7.3.1. Global Mineral Wool Board Insulation Market, by Industrial, By Region, 2019-2032 (USD Billion)
7.4. Commercial
7.4.1. Global Mineral Wool Board Insulation Market, by Commercial, By Region, 2019-2032 (USD Billion)
7.5. Residential
7.5.1. Global Mineral Wool Board Insulation Market, by Residential, By Region, 2019-2032 (USD Billion)
7.6. Others
7.6.1. Global Mineral Wool Board Insulation Market, by Others, By Region, 2019-2032 (USD Billion)
8. Global Mineral Wool Board Insulation Market, by Geography
8.1. Key findings
8.2. Introduction
8.2.1. Mineral Wool Board Insulation Market Assessment, By Geography, 2019-2032 (USD Billion)
8.3. Mineral Wool Board Insulation Market – North America
8.3.1. North America: Mineral Wool Board Insulation Market, by Type , 2019-2032 (USD Billion)
8.3.2. North America: Mineral Wool Board Insulation Market, by Application, 2019-2032 (USD Billion)
8.3.3. North America: Mineral Wool Board Insulation Market, by Functionality, 2019-2032 (USD Billion)
8.3.4. Mineral Wool Board Insulation Market – U.S.
8.3.4.1. U.S.: Mineral Wool Board Insulation Market, by Type , 2019-2032 (USD Billion)
8.3.4.2. U.S.: Mineral Wool Board Insulation Market, by Application, 2019-2032 (USD Billion)
8.3.4.3. U.S.: Mineral Wool Board Insulation Market, by Functionality, 2019-2032 (USD Billion)
8.3.5. Mineral Wool Board Insulation Market – Canada
8.3.5.1. Canada: Mineral Wool Board Insulation Market, by Type , 2019-2032 (USD Billion)
8.3.5.2. Canada.: Mineral Wool Board Insulation Market, by Application, 2019-2032 (USD Billion)
8.3.5.3. Canada: Mineral Wool Board Insulation Market, by Functionality, 2019-2032 (USD Billion)
8.4. Mineral Wool Board Insulation Market – Europe
8.4.1. Europe: Mineral Wool Board Insulation Market, by Type , 2019-2032 (USD Billion)
8.4.2. Europe.: Mineral Wool Board Insulation Market, by Application, 2019-2032 (USD Billion)
8.4.3. Europe: Mineral Wool Board Insulation Market, by Functionality, 2019-2032 (USD Billion)
8.4.4. Mineral Wool Board Insulation Market – UK
8.4.4.1. UK: Mineral Wool Board Insulation Market, by Type , 2019-2032 (USD Billion)
8.4.4.2. UK.: Mineral Wool Board Insulation Market, by Application, 2019-2032 (USD Billion)
8.4.4.3. UK: Mineral Wool Board Insulation Market, by Functionality, 2019-2032 (USD Billion)
8.4.5. Mineral Wool Board Insulation Market – France
8.4.5.1. France: Mineral Wool Board Insulation Market, by Type , 2019-2032 (USD Billion)
8.4.5.2. France.: Mineral Wool Board Insulation Market, by Application, 2019-2032 (USD Billion)
8.4.5.3. France: Mineral Wool Board Insulation Market, by Functionality, 2019-2032 (USD Billion)
8.4.6. Mineral Wool Board Insulation Market – Germany
8.4.6.1. Germany: Mineral Wool Board Insulation Market, by Type , 2019-2032 (USD Billion)
8.4.6.2. Germany.: Mineral Wool Board Insulation Market, by Application, 2019-2032 (USD Billion)
8.4.6.3. Germany: Mineral Wool Board Insulation Market, by Functionality, 2019-2032 (USD Billion)
8.4.7. Mineral Wool Board Insulation Market – Italy
8.4.7.1. Italy: Mineral Wool Board Insulation Market, by Type , 2019-2032 (USD Billion)
8.4.7.2. Italy.: Mineral Wool Board Insulation Market, by Application, 2019-2032 (USD Billion)
8.4.7.3. Italy: Mineral Wool Board Insulation Market, by Functionality, 2019-2032 (USD Billion)
8.4.8. Mineral Wool Board Insulation Market – Spain
8.4.8.1. Spain: Mineral Wool Board Insulation Market, by Type , 2019-2032 (USD Billion)
8.4.8.2. Spain.: Mineral Wool Board Insulation Market, by Application, 2019-2032 (USD Billion)
8.4.8.3. Spain: Mineral Wool Board Insulation Market, by Functionality, 2019-2032 (USD Billion)
8.4.9. Mineral Wool Board Insulation Market – Netherlands
8.4.9.1. Netherlands: Mineral Wool Board Insulation Market, by Type , 2019-2032 (USD Billion)
8.4.9.2. Netherlands.: Mineral Wool Board Insulation Market, by Application, 2019-2032 (USD Billion)
8.4.9.3. Netherlands: Mineral Wool Board Insulation Market, by Functionality, 2019-2032 (USD Billion)
8.4.10. Mineral Wool Board Insulation Market – Russia
8.4.10.1. Russia: Mineral Wool Board Insulation Market, by Type , 2019-2032 (USD Billion)
8.4.10.2. Russia.: Mineral Wool Board Insulation Market, by Application, 2019-2032 (USD Billion)
8.4.10.3. Russia: Mineral Wool Board Insulation Market, by Functionality, 2019-2032 (USD Billion)
8.5. Mineral Wool Board Insulation Market – Asia Pacific
8.5.1. Asia Pacific: Mineral Wool Board Insulation Market, by Type , 2019-2032 (USD Billion)
8.5.2. Asia Pacific.: Mineral Wool Board Insulation Market, by Application, 2019-2032 (USD Billion)
8.5.3. Asia Pacific: Mineral Wool Board Insulation Market, by Functionality, 2019-2032 (USD Billion)
8.5.4. Mineral Wool Board Insulation Market – China
8.5.4.1. China: Mineral Wool Board Insulation Market, by Type , 2019-2032 (USD Billion)
8.5.4.2. China.: Mineral Wool Board Insulation Market, by Application, 2019-2032 (USD Billion)
8.5.4.3. China: Mineral Wool Board Insulation Market, by Functionality, 2019-2032 (USD Billion)
8.5.5. Mineral Wool Board Insulation Market – India
8.5.5.1. India: Mineral Wool Board Insulation Market, by Type , 2019-2032 (USD Billion)
8.5.5.2. India.: Mineral Wool Board Insulation Market, by Application, 2019-2032 (USD Billion)
8.5.5.3. India: Mineral Wool Board Insulation Market, by Functionality, 2019-2032 (USD Billion)
8.5.6. Mineral Wool Board Insulation Market – Malaysia
8.5.6.1. Malaysia: Mineral Wool Board Insulation Market, by Type , 2019-2032 (USD Billion)
8.5.6.2. Malaysia.: Mineral Wool Board Insulation Market, by Application, 2019-2032 (USD Billion)
8.5.6.3. Malaysia: Mineral Wool Board Insulation Market, by Functionality, 2019-2032 (USD Billion)
8.5.7. Mineral Wool Board Insulation Market – Japan
8.5.7.1. Japan: Mineral Wool Board Insulation Market, by Type , 2019-2032 (USD Billion)
8.5.7.2. Japan.: Mineral Wool Board Insulation Market, by Application, 2019-2032 (USD Billion)
8.5.7.3. Japan: Mineral Wool Board Insulation Market, by Functionality, 2019-2032 (USD Billion)
8.5.8. Mineral Wool Board Insulation Market – Indonesia
8.5.8.1. Indonesia: Mineral Wool Board Insulation Market, by Type , 2019-2032 (USD Billion)
8.5.8.2. Indonesia.: Mineral Wool Board Insulation Market, by Application, 2019-2032 (USD Billion)
8.5.8.3. Indonesia: Mineral Wool Board Insulation Market, by Functionality, 2019-2032 (USD Billion)
8.5.9. Mineral Wool Board Insulation Market – South Korea
8.5.9.1. South Korea: Mineral Wool Board Insulation Market, by Type , 2019-2032 (USD Billion)
8.5.9.2. South Korea.: Mineral Wool Board Insulation Market, by Application, 2019-2032 (USD Billion)
8.5.9.3. South Korea: Mineral Wool Board Insulation Market, by Functionality, 2019-2032 (USD Billion)
8.6. Mineral Wool Board Insulation Market – Middle East & Africa
8.6.1. Middle East & Africa: Mineral Wool Board Insulation Market, by Type , 2019-2032 (USD Billion)
8.6.2. Middle East & Africa.: Mineral Wool Board Insulation Market, by Application, 2019-2032 (USD Billion)
8.6.3. Middle East & Africa: Mineral Wool Board Insulation Market, by Functionality, 2019-2032 (USD Billion)
8.6.4. Mineral Wool Board Insulation Market – Saudi Arabia
8.6.4.1. Saudi Arabia: Mineral Wool Board Insulation Market, by Type , 2019-2032 (USD Billion)
8.6.4.2. Saudi Arabia.: Mineral Wool Board Insulation Market, by Application, 2019-2032 (USD Billion)
8.6.4.3. Saudi Arabia: Mineral Wool Board Insulation Market, by Functionality, 2019-2032 (USD Billion)
8.6.5. Mineral Wool Board Insulation Market – UAE
8.6.5.1. UAE: Mineral Wool Board Insulation Market, by Type , 2019-2032 (USD Billion)
8.6.5.2. UAE.: Mineral Wool Board Insulation Market, by Application, 2019-2032 (USD Billion)
8.6.5.3. UAE: Mineral Wool Board Insulation Market, by Functionality, 2019-2032 (USD Billion)
8.6.6. Mineral Wool Board Insulation Market – Israel
8.6.6.1. Israel: Mineral Wool Board Insulation Market, by Type , 2019-2032 (USD Billion)
8.6.6.2. Israel.: Mineral Wool Board Insulation Market, by Application, 2019-2032 (USD Billion)
8.6.6.3. Israel: Mineral Wool Board Insulation Market, by Functionality, 2019-2032 (USD Billion)
8.6.7. Mineral Wool Board Insulation Market – South Africa
8.6.7.1. South Africa: Mineral Wool Board Insulation Market, by Type , 2019-2032 (USD Billion)
8.6.7.2. South Africa.: Mineral Wool Board Insulation Market, by Application, 2019-2032 (USD Billion)
8.6.7.3. South Africa: Mineral Wool Board Insulation Market, by Functionality, 2019-2032 (USD Billion)
8.7. Mineral Wool Board Insulation Market – Latin America
8.7.1. Latin America: Mineral Wool Board Insulation Market, by Type , 2019-2032 (USD Billion)
8.7.2. Latin America.: Mineral Wool Board Insulation Market, by Application, 2019-2032 (USD Billion)
8.7.3. Latin America: Mineral Wool Board Insulation Market, by Functionality, 2019-2032 (USD Billion)
8.7.4. Mineral Wool Board Insulation Market – Mexico
8.7.4.1. Mexico: Mineral Wool Board Insulation Market, by Type , 2019-2032 (USD Billion)
8.7.4.2. Mexico.: Mineral Wool Board Insulation Market, by Application, 2019-2032 (USD Billion)
8.7.4.3. Mexico: Mineral Wool Board Insulation Market, by Functionality, 2019-2032 (USD Billion)
8.7.5. Mineral Wool Board Insulation Market – Brazil
8.7.5.1. Brazil: Mineral Wool Board Insulation Market, by Type , 2019-2032 (USD Billion)
8.7.5.2. Brazil.: Mineral Wool Board Insulation Market, by Application, 2019-2032 (USD Billion)
8.7.5.3. Brazil: Mineral Wool Board Insulation Market, by Functionality, 2019-2032 (USD Billion)
8.7.6. Mineral Wool Board Insulation Market – Argentina
8.7.6.1. Argentina: Mineral Wool Board Insulation Market, by Type , 2019-2032 (USD Billion)
8.7.6.2. Argentina.: Mineral Wool Board Insulation Market, by Application, 2019-2032 (USD Billion)
8.7.6.3. Argentina: Mineral Wool Board Insulation Market, by Functionality, 2019-2032 (USD Billion)
9. Competitive Landscape
9.1. Expansion and Acquisition Analysis
9.1.1. Expansion
9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
10.1. Acoustical Surfaces, Inc. (US)
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Product Benchmarking
10.1.4. Recent Development
10.2. Guardian Fiberglass (US)
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Product Benchmarking
10.2.4. Recent Development
10.3. Hodgson & Hodgson (US)
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Product Benchmarking
10.3.4. Recent Development
10.4. Hush Acoustics (UK)
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Product Benchmarking
10.4.4. Recent Development
10.5. Johns Manville Inc. (US)
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Product Benchmarking
10.5.4. Recent Development
10.6. Knauf Insulation (US)
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Product Benchmarking
10.6.4. Recent Development
10.7. Owens Corning (US)
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Product Benchmarking
10.7.4. Recent Development
10.8. Rockwool International (Denmark)
10.8.1. Company Overview
10.8.2. Financial Performance
10.8.3. Product Benchmarking
10.8.4. Recent Development
10.9. Saint-Gobain (France)
10.9.1. Company Overview
10.9.2. Financial Performance
10.9.3. Product Benchmarking
10.9.4. Recent Development
10.10. Trelleborg (Sweden)
10.10.1. Company Overview
10.10.2. Financial Performance
10.10.3. Product Benchmarking
10.10.4. Recent Development

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