Global Mineral Wool Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Glass Wool, Rock Wool, and Others

By Product Type;

Board, Blanket, Loose Wool, and Others

By End Use Industry;

Building & Construction, Industrial, Transportation, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn102093277 Published Date: May, 2025 Updated Date: June, 2025

Mineral Wool Market Overview

Mineral Wool Market (USD Million)

Mineral Wool Market was valued at USD 16,596.00 million in the year 2024. The size of this market is expected to increase to USD 26,130.89 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.7%.


Global Mineral Wool Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 6.7 %


Study Period2025 - 2031
Base Year2024
CAGR (%)6.7 %
Market Size (2024)USD 16,596.00 Million
Market Size (2031)USD 26,130.89 Million
Market ConcentrationMedium
Report Pages373
16,596.00
2024
26,130.89
2031

Major Players

  • Compagnie de Saint-Gobain S.A.
  • IZOCAM
  • John Manville
  • Knauf Insulation
  • Korff Isolmatic GmbH
  • Owens Corning
  • Poly Glass Fiber Insulation
  • URSA Insulation S.A.
  • TechnoNICOL

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Mineral Wool Market

Fragmented - Highly competitive market without dominant players


The mineral wool market is experiencing significant growth driven by the increasing emphasis on energy-efficient construction. Mineral wool is widely utilized for thermal and acoustic insulation, with usage surging due to rising construction activity and retrofitting of older buildings. Over 60% of demand stems from the building and construction industry, particularly in commercial and residential spaces. This growth is further amplified by regulations pushing for sustainable and fire-resistant insulation materials.

Fire Safety Regulations and Sustainability Standards
Stringent fire safety and environmental regulations are reinforcing the adoption of non-combustible and recyclable materials like mineral wool. With over 45% of end-users now prioritizing eco-friendly and non-toxic insulation, mineral wool's composition—derived from natural rock or slag—offers a compelling advantage. Furthermore, its inert chemical nature and ability to maintain insulation performance over decades contribute to its growing acceptance.

Industrial Applications and Energy Efficiency Initiatives
Beyond construction, industrial sectors are adopting mineral wool for equipment insulation, pipe wrapping, and high-temperature applications. Around 25% of mineral wool consumption originates from the industrial segment, especially in oil and gas, power plants, and manufacturing facilities. Its ability to withstand temperatures above 1,000°C without degradation is key to supporting energy conservation mandates across industries.

Product Innovations and Technological Integration
Innovation is playing a pivotal role, with advanced composite materials and lightweight mineral wool panels gaining traction. Manufacturers are investing in low-dust formulations and improved binder technologies to enhance both worker safety and product lifespan. Nearly 30% of new product launches now focus on improving installation efficiency and thermal conductivity.

Market Growth Supported by Urbanization Trends
Urban development and infrastructure expansion are creating consistent demand for insulation solutions. The market is witnessing over 35% growth in retrofitting projects, particularly in regions with aging infrastructure. The growing awareness of green building certifications and carbon footprint reduction goals further strengthens the role of mineral wool as a preferred material in both public and private sector initiatives.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Product Type
    3. Market Snapshot, By End Use Industry
    4. Market Snapshot, By Region
  4. Mineral Wool Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising demand for energy-efficient insulation
        2. Stringent regulations on building energy codes
        3. Increased construction in residential and industrial sectors
        4. Superior fire resistance and acoustic performance
      2. Restraints
        1. High installation and production costs
        2. Health concerns related to fiber exposure
        3. Volatility in raw material supply chains
        4. Lack of awareness in underdeveloped markets
      3. Opportunities
        1. Increasing Demand for Energy-Efficient Buildings
        2. Infrastructure Development Projects
        3. Growing Construction Industry in Emerging Markets
        4. Technological Innovations in Insulation Materials
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Mineral Wool Market, By Type, 2021 - 2031 (USD Million)
      1. Glass Wool
      2. Rock Wool
      3. Others
    2. Mineral Wool Market, By Product Type, 2021 - 2031 (USD Million)
      1. Board
      2. Blanket
      3. Loose Wool
      4. Others
    3. Mineral Wool Market, By End Use Industry, 2021 - 2031 (USD Million)
      1. Building & Construction
      2. Industrial
      3. Transportation
      4. Others
    4. Mineral Wool Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Compagnie de Saint-Gobain S.A.
      2. IZOCAM
      3. John Manville
      4. Knauf Insulation
      5. Korff Isolmatic GmbH
      6. Owens Corning
      7. Poly Glass Fiber Insulation
      8. URSA Insulation S.A.
      9. TechnoNICOL
  7. Analyst Views
  8. Future Outlook of the Market