What is Rock Wool Insulation?
Rock wool insulation produces from the volcanic rock at a temperature of around 1,600°C. Afterward, it is spun into a package of wool. It is bound together by means of resins and oils, to give the material waterproof qualities. Rockwool insulation is generally used in the building and construction industry as fire protection and sound insulation. It can be used in the walls, the roof, and the floors. Growing demand for mineral wool-based insulation products in residential and commercial buildings and demand for heat insulation for industrial applications are driving the growth of the market. According to research by the Harvard School of Public Health, about 45 million residences in the United States were found to be living in under-insulated conditions, which represents a huge opportunity for insulation in the country.
The market study is broken down by Type (Blanket (Batts and Rolls), Board and Others (Panels, Pipes, etc.)), by Application (Thermal Insulation, Acoustic Insulation, Fire Protection and Others (Thermal-Acoustic Insulation, etc.)) and major geographies with country level break-up.
Research Analyst at AMA estimates that Vendors from United States will contribute to the maximum growth of Global Rock Wool Insulation market throughout the predicted period.
Rockwool International A/S (Denmark), Saint-Gobain (France), Thermafiber, Inc. (United States), Johns Manville (United States), Owens Corning (United States), Knauf Insulation (Netherlands), BYUCKSAN (South Korea), Beijing New Building Material (Group) Co., Ltd. (China), Kingspan Group (United Kingdom) and Technonicol (Russia) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are GlassRock.com (Egypt) and KCC Corporation (South Korea).
AdvanceMarketAnalytics has segmented the market of Global Rock Wool Insulation market by Type, Application and Region.
On the basis of geography, the market of Rock Wool Insulation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Thickness, the sub-segment i.e. < 100 mm will boost the Rock Wool Insulation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. Building & Construction will boost the Rock Wool Insulation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online (Manufacturers Portal, E-commerce Websites) will boost the Rock Wool Insulation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Density, the sub-segment i.e. < 100 kg/m3 will boost the Rock Wool Insulation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On October 30, 2017, Owens Corning has acquired, CVC Capital Partners, Paroc Group (“Paroc”), one of Europe’s leading manufacturers of energy-efficient and fire-proof stone wool insulation solutions, for an enterprise value of approximately EUR 900 million.
- The shift towards Eco-Friendly Green Insulation, And the Development of Lightweight & High Fire Resistant Insulation
- Increasing construction activities, stringent global government regulations, and building codes for energy efficiency & fire safety are the key driving factor of the market.
- Rising Health Concerns among the Population and Increasing Demand of Energy Efficient Buildings
- Good Sound Insulation and Fireproof Properties
- Growing Technological Enhancements in Thermal Insulation such as Vacuum Panels and R&D Activities to Advance Transparent Thermal Products
- More Energy & Comfort Requirements
- High Cost of the Rock Wool Insulation as Compared to Fiberglass Insulation (Usually 10% Higher)
- Fluctuating Raw Material Prices and Limited Production in the United States
- Proper Disposal & Recycling Technique
- Lack of Awareness in Emerging Economies
Key Target AudienceRock Wool Insulation Manufacturers, Raw Material Suppliers, Traders/Exporters/Importers, End-Use Industry and Others
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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