Global Mineral Wool Market is estimated to be valued at USD 16.00 Bn in 2025 and is expected to reach USD 22.68 Bn by 2032, growing at a compound annual growth rate (CAGR) of 5.1% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 16.00 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
5.10%
2032 Value Projection:
USD 22.68 Bn
Figure. Mineral Wool Market Share (%), By Region 2025
The mineral wool market has been witnessing significant growth over the past few years. Mineral wool is a type of insulation made from inorganic materials such as rock, slag, or glass and is produced by spinning or blowing these materials into fine fibers. It has several desirable properties including superior fire resistance, thermal insulation, durability, and acoustics. Owing to the fast-growing construction industry especially in emerging economies and stringent government regulations regarding energy efficiency in buildings, the demand for mineral wool insulation has risen substantially.
Market Dynamics:
The global mineral wool market growth is driven by robust growth of the construction industry especially in developing countries where residential and non-residential construction activities are surging rapidly. Rapid urbanization and rising per capita income are fueling infrastructure development and real estate sectors in these markets. Stringent government regulations mandating energy efficiency in buildings and growing environmental awareness are further augmenting the demand for mineral wool as it is an eco-friendly insulation material. However, fluctuations in prices of raw materials required for manufacturing mineral wool including rock, slag, sand, and glass pose a major challenge. Moreover, the availability of substitute insulation materials can also restrain the market expansion. On the positive side, rising renovations and refurbishments of existing buildings in developed nations present significant opportunities for industry players. Furthermore, increasing spending on infrastructure projects and renovation of existing buildings in developed nations has also contributed to the rising consumption of mineral wool products. However, volatility in prices of raw materials may hamper the industry growth to some extent over the coming years.
Key features of the study:
This report provides an in-depth analysis of the global mineral wool market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global mineral wool market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Byucksan, Great Lakes Textiles, Saint Gobain, mJohns Manville, Knauf Insulation, National Industrial Co., NTN OOD, Owens Corning, PGF Insulation, Rockwool International AS, Kingspan Group, and Rosewool Insulation Refractory Co. Ltd
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global mineral wool market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global mineral wool market
Market Segmentation
By Type Insights (Revenue, USD Bn, 2020 - 2032)
Glass
Rock
Slag
Others
By End-use Industry Insights (Revenue, USD Bn, 2020 - 2032)
Construction & Building Materials
Automotive
Industrial Equipment
Marine and Shipbuilding
Others
By Regional Insights (Revenue, USD Bn, 2020 - 2032)
North America
U.S.
Canada
Latin America
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
GCC Countries
Israel
Rest of Middle East
Africa
South Africa
North Africa
Central Africa
Key Players Insights
Byucksan
Great Lakes Textiles
Saint Gobain
mJohns Manville
Knauf Insulation
National Industrial Co.
NTN OOD
Owens Corning
PGF Insulation
Rockwool International AS
Kingspan Group
Rosewool Insulation Refractory Co. Ltd
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Type
Market Snippet, By End-use Industry
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
PEST Analysis
PORTER's Five Forces Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trend
4. Global Mineral Wool Market - Impact of Coronavirus (COVID-19) Pandemic
Overview
Factors Affecting the Global Mineral Wool Market - COVID-19
Impact Analysis
5. Global Mineral Wool Market, By Type, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Glass
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Rock
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Slag
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Others
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
6. Global Mineral Wool Market, By End-use Industry, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Construction & Building Materials
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Automotive
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Industrial Equipment
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Marine and Shipbuilding
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Others
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
7. Global Mineral Wool Market, By Region, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, By Region, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2021 - 2032
North America
Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2021 - 2032
Market Size and Forecast, By Type, 2020- 2032, (USD Bn)
Market Size and Forecast, By End-use Industry, 2020- 2032, (USD Bn)
Market Size and Forecast, By Country, 2020- 2032, (USD Bn)
U.S.
Canada
Latin America
Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2021 - 2032
Market Size and Forecast, By Type, 2020- 2032, (USD Bn)
Market Size and Forecast, By End-use Industry, 2020- 2032, (USD Bn)
Market Size and Forecast, By Country, 2020- 2032, (USD Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2021 - 2032
Market Size and Forecast, By Type, 2020- 2032, (USD Bn)
Market Size and Forecast, By End-use Industry, 2020- 2032, (USD Bn)
Market Size and Forecast, By Country, 2020- 2032, (USD Bn)
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2021 - 2032
Market Size and Forecast, By Type, 2020- 2032, (USD Bn)
Market Size and Forecast, By End-use Industry, 2020- 2032, (USD Bn)
Market Size and Forecast, By Country, 2020- 2032, (USD Bn)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Middle East
Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2021 - 2032
Market Size and Forecast, By Type, 2020- 2032, (USD Bn)
Market Size and Forecast, By End-use Industry, 2020- 2032, (USD Bn)
Market Size and Forecast, By Country, 2020- 2032, (USD Bn)
GCC Countries
Israel
Rest of Middle East
Africa
Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2021 - 2032
Market Size and Forecast, By Type, 2020- 2032, (USD Bn)
Market Size and Forecast, By End-use Industry, 2020- 2032, (USD Bn)
Market Size and Forecast, By Country/Region, 2020- 2032, (USD Bn)