Global Stone Wool Market Forecast, Trend Analysis And Competition Tracking - Market insights 2015 to 2031

Stone Wool Market Introduction:

Stone wool is an artificial mineral-based insulation material. It is made of various minerals mined from the earth, then processed to form wool-like fibers that are then mixed with water or some other binder. The resulting mixture is then woven into sheets and pressed into bricks to create insulation material. It has many benefits over traditional insulation materials like fiberglass, including its ability to absorb moisture more efficiently, but it faces challenges in terms of cost and acceptance in the market.

Stone wool is a thermal insulation material containing 98% natural fibers, obtained by converting minerals and inorganic volcanic stones into natural fibers after melting at 1500-1600°C. Asbestos has quite efficient heat insulation, sound insulation, moisture-proof and fireproof functions in various places such as roofs, partition walls, exterior walls, ovens, steel doors, utensils, household appliances, cinemas, theaters and other entertainment venues.

Stone wool is used in many applications. It is typically found in home insulation, acoustic padding, drapery, and automobile padding. Stone wool is also utilized in constructing air handler ducts and acoustical ceilings. The current trend in these industries has been to replace traditional fiberglass batts with stone wool for better performance, fire resistance, sound absorption, and insulation values. Stone wool is made of stone slabs with fibers in the middle, which are then cut into slabs, dried, and compressed. The process is highly energy-intensive. Stone wool clothing is popular because it does not trap moisture when air flows through it, so people can stay warm in cold climates without sweating too much. This makes stone wool desirable for outdoor gear like suits and jackets.

Global Stone Wool Market Revenue Outlook:

Global Stone Wool Market was valued at US$ XX Mn in 2020 and is projected to register а САGR of XX% by 2031.

Increasing demand for Stone Wool in several end-use industries

Stone wool is a synthetic product that is made of processed stone and may be used in residential or commercial construction. Stone wool is often used for sound absorption, thermal insulation, and fireproofing. The demand for stone wool has increased due to the increasing need for energy conservation practices to mitigate global climate change. Stone wool provides an alternative that can help reduce the amount of energy needed for heating and cooling purposes while also reducing carbon emissions into the atmosphere.

Market restraints

Stone wool insulation does not provide the same sound-deadening properties as fiberglass or cellulose insulation. If installed incorrectly, stone wool can end up trapping moisture which can lead to mold growth. Stone wool installation requires professional experience which is often difficult for homeowners to find on their own. Stone wool insulation is also much more expensive than other types of insulation.

COVID-19 Impact Analysis

The COVID-19 pandemic has caused a global recession. Many companies are bound to take drastic layoffs. Small businesses were shut down and manufacturing facilities were put on hold. Supply chains across several end-use industries have been disrupted due to logistical constraints and the closure of manufacturing facilities. In addition, the economic slowdown has also reduced the spending power of individuals and people are saving for emergencies.

Opportunities for stone wool manufacturing companies

Stone wool insulation is a beautiful product to use in buildings because it does not give off toxic gases. It has the ability to insulate buildings for up to 50 years. Due to these qualities, stone wool insulation manufacturers are gaining opportunity to sell their product. Stone wool is a man made material which is often used in insulation, soundproofing, and padding. It can also be used for clothing or art. One of the great developments in stone wool is the invention of synthetic fiber-based stone wool. The fibers have been treated to increase their thermal resistance and this has resulted in a product that does not change shape when heated. Another development was the introduction of a new mix that includes recycled materials such as plastic bottles and PVC pipe.

Regional Analysis

The Asia-Pacific region in stone wool market is expected to account for significant market share among others

The Asia-Pacific region has the biggest development in the stone wool market and is leading the entire industry. Stone wool insulation is a type of thermal insulation that blocks air and water vapor transfer and provides superior noise insulation, while also providing some fire protection. Stone wool has been developed over the last few decades for use in commercial and residential construction, manufacturing, and other industries.

Key developments by major players

• Saint-Gobain Isover presents the Geowall collection of rock wool insulation. The collection includes Geowall 34, Geowall 35 and Geowall 37. The company said the range replaces its Acustilaine product. It is non-hydrophilic and uncoated with excellent thermal and acoustic properties. It calls Geowall the "best choice" for the design and execution of laminated plasterboard systems.

• Saint-Gobain has announced plans to build a 50,000-ton-per-year rock wool plant in Siberia. The company said the decision was aimed at helping it better meet the growing needs of consumers in Siberia, Kazakhstan and the Far East.

• TechnoNicol plans to invest around 350 million euros to build two rock wool factories and expand production in agricultural applications sectors.

• Assan Panel has added two new insulating panels to its product range. Its new AssanBoard insulation panels consist of a polyurethane (PUR)-polyisocyanurate (PIR) blend, while its new AssanWool insulation panels are made from asbestos.

Competitive Landscape

A list of the major leading players operating in the stone wool market are mentioned below:

• Johns Manville

• Knauf Insulation

• Owens Corning

• IKING GROUP

• Tianjin EcoIn Tech Co. Ltd

• Saudi Rock Wool Factory

• Paroc

• Rockwool International

• Saint-Gobain

• Uralita

• Izocam

• USG

• Rockmec Industrial

• NICHIAS Corporation

• Poly Glass Fiber Insulation

• Other Key Industry Players

Report Scope

• Forecast Period: 2022-2031

• Actual Year: 2021

• Historical Data Available for: 2015-2020

Key Segments Covered

Global Stone Wool Market, By Product Type

• Felt Type

• Strip Type

• Tubular Type

• Granular Type

• Plate Type

Global Stone Wool Market, By Application

• Agriculture

• Marine

• Building

• Other Applications