Ocean View, DE -- (SBWIRE) -- 05/20/2020 -- The chemical inertness of mineral wool material market along with the impact resistance will provide various opportunities to crucial end-users such as industrial, automotive, and construction. An evident shift towards the use of eco-friendly products due to the rising environmental concerns has driven automobile, construction, and manufacturing industries to use sustainable practices that have steered the use of rock wool.

The sustainable production process enabled by rock wool due to its raw materials, that are ecological-friendly, will magnify the demand of the product. Other major features of rock wool include the low cost of production due to vast basalt rock reserves and recyclability.

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Mineral wool material market is expected to amass substantial demand over the years due to acoustic capabilities and strong fire-resistant and thermal properties. The product is extensively being used to provide insulation solutions in key application areas like industrial sectors, residential and commercial buildings, HVAC applications, OEMs, offshore and marine industries.

Company profiled in the mineral wool material market report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Knauf Insulation
2. Armacell India Private Limited
3. U.P.Twiga Fiberglass Limited
4. Saint Gobain India Pvt. Ltd.
5. Lloyd Insulations (India) Limited
6. Rockwool India Pvt. Ltd.
7. Gyptech Systems Pvt. Ltd.
8. Polybond Insulation Private Limited
9. Goenka Rockwool (India) Pvt. Ltd.
10. Minwool Rock Fibres Limited
11. Punjstar Industries Pvt. Ltd
12. Shreeram Equitech Pvt. Limited
13. Dhanbad Rockwool Insulation Private Limited

According to a study, global mineral wool material market size was expected to surpass US$22.5 billion by the end of 2026. Economic improvement in Asia Pacific over the years led to industrialization and subsequent urbanization in countries like China, Japan, India, Singapore, and Indonesia. These countries have also applied various design standards to ensure efficient use of energy in commercial, residential, and green buildings which have magnified the industrial growth in the past years.

Mineral wool material manufacturers are also involved in strategic alliances, mergers, and acquisitions to improve their product portfolio and expand their geographical footprint. Several innovation opportunities to improve the quality of building envelope using advanced products may affect the competitive situation in the mineral wool material market. The availability of personalized products that are comparatively more flexible in several applications has led to product differentiation over the years.

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The governments across the globe had made investments in several industrial and commercial projects regarding the insulation of sound and fire to ensure safety and prevent hazards. Heavy investments in research and development activities and advanced technologies has ensued from the rising demand for the mineral wool materials, especially in the industrial sector.

Growth Drivers are
- Strong growth in the Pre-Engineered Buildings (PEB) industry
- Booming transportation sector
- Environment-friendly nature and positive outlook in acoustic insulation applications

Industry Key Players are

Knauf Insulation, Inc., Armacell India Private Limited, U.P.Twiga Fiberglass Limited, Saint Gobain India Pvt. Ltd., Lloyd Insulations (India) Limited, Rockwool India Pvt. Ltd., Gyptech Systems Pvt. Ltd., Polybond Insulation Private Limited, Goenka Rockwool (India) Pvt. Ltd., Minwool Rock Fibres Limited, Punjstar Industries Pvt. Ltd, Shreeram Equitech Pvt. Limited, Dhanbad Rockwool Insulation Private Limited, Jamshedpur Mineral Wool Mfg. Co. Pvt. Ltd., Metecno India Private Limited, Maghard Insulators, Owens Corning India Ltd.

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