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Oct 17, 2024

Demand for Mineral Wool Insulation in Europe to Reach $8.7 billion in 2028 | | news-journal.com

Freedonia Group, Packaged Facts, Simba Information LOGO (PRNewsfoto/Packaged Facts) Western Europe accounts for the second largest share of mineral wool volume demand globally. CLEVELAND, Oct. 15,

Freedonia Group, Packaged Facts, Simba Information LOGO (PRNewsfoto/Packaged Facts)

Western Europe accounts for the second largest share of mineral wool volume demand globally.

CLEVELAND, Oct. 15, 2024 /PRNewswire/ -- According to the new Insulation Market in Europe, mineral wool was the largest insulation material market in value terms in 2023. While used primarily in building applications due to its flame resistance, high-temperature resistance also supports mineral wool use in industrial applications. Mineral wool insulation is produced in batts or as loose fill.

Western Europe accounts for the second largest share of mineral wool volume demand globally. This is largely attributable to the emphasis on fire resistance in many of the area's building codes, as well as being home to ROCKWOOL, Saint-Gobain, Knauf, and Owens Corning's Paroc Group.

Market value for mineral wool insulation in Europe is projected to rise 2.6% annually to $8.7 billion. Volume demand is expected to reach 3.2 million metric tons, supported by:

"Mineral wool" is a generic name for various manmade vitreous fibers; in this study, the nomenclature refers to both rock wool and slag wool. The former is produced from natural minerals such as basalt or diabase, while the latter is primarily produced from steel slag.

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About The Freedonia Group

The Freedonia Group is a premier international business research company, providing clients with product analyses, market forecasts, industry trends, and market share information. From one-person consulting firms to global conglomerates, our analysts provide companies with unbiased, reliable industry market research and analysis to help them make important business decisions. The Freedonia Group's brands also include Packaged Facts, a trusted provider of consumer market research on food & beverage, pet products and services, demographics, and financial services, and Simba Information, the leading authority for market intelligence and forecasts on the education and professional publishing industries. Find off-the-shelf studies at https://www.freedoniagroup.com/ or contact us for custom research: +1 440.842.2400.

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SOURCE The Freedonia Group

Originally published on the BLOX Digital Content Exchange.

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