Mineral wool market projected to reach $23.07 billion by 2031

From GlobeNewswire: 2025-03-26 07:21:00

The global mineral wool market is experiencing growth due to an increase in renovation and retrofitting projects for insulation. Awareness of the environmental impact of synthetic materials is driving market expansion. The market is projected to reach $23.07 billion by 2031 with a CAGR of 4.6%. Europe leads the market, followed by North America and Asia Pacific.

Mineral wool insulation contributes to energy-efficient buildings by reducing cooling and heating demand, leading to lower carbon emissions. The focus on recycled and sustainable materials drives demand for mineral wool products. Various types of mineral wool products derived from recycled materials offer cost-efficiency, thermal performance, noise reduction, and consistent temperatures.

Europe led the mineral wool market in 2024, with Asia Pacific expected to register the highest CAGR. The market is segmented into glass wool, rock wool, blanket, board, loose fill, spray, building and construction, automotive, aerospace, and other industries. Key players in the market include Saint-Gobain, Owens Corning, and Knauf Insulation.

The report from The Insight Partners highlights the growing demand for mineral wool products and the importance of sustainable materials. Favorable government policies and environmental awareness are driving the market. Stakeholders can benefit from insights provided in the report to navigate the evolving market landscape and seize new opportunities.



Read more at GlobeNewswire: Mineral Wool Market Size to Reach a Value of US$ 23.07