The global Rock Wool Material market is forecast to reach USD 19.88 Billion by 2027, according to a new report by Reports and Data. Rock wool acts as a thermal insulator in the automotive industries; therefore, the rapid growth of the automotive sector worldwide is expected to support demand for Rock wool in the coming years. It provides thermal, structural, and pipe insulation. They are also utilized in soundproofing, filtration, and hydroponic growth medium. Demand from various end-users is expected to drive market growth in the coming years. The upward trend in energy-saving insulation is expected to propel the market for Rock wool in the future. Besides, growing demand from end-user industries such as industry, building and construction and transportation is expected to drive growth in the Rock wool market in the coming years. However, lack of awareness can dampen the growth. However, growing demand from emerging economies and growing end-user applications could provide a range of opportunities to the market during the forecast period.

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Competitive Landscape:

Rockwool International, Guardian Fiberglass, Owens Corning, CertainTeed Corporation, Industrial Insulation Group, Johns Manville, Knauf Insulation GmbH, Multisorb Technologies, Paroc, Uralita SA have been profiled in the report. They are the major manufacturers of the product.

The players operating in the market have undertaken several strategies related to the market in the period 2017-2020. The key highlight is:

• Owens Corning expanded its RainBarrier continuous insulation portfolio (ci) with the announcement of new products offering better compressive strength in June 2019. Developed with fire resistance, the non-combustible Thermafiber RainBarrier ci provides specifiers and architects with continuous insulation. The products designed for exceptional performance in crucial areas of the building's enclosure were planned to be made during the second half of 2019.

Market Overview:

The packaging industry is rapidly expanding in terms of revenue in the recent years, and is expected to register rapid revenue CAGR throughout the forecast period of 2020 to 2027. Rapid revenue growth is attributed to factors such as rising global population, changing lifestyle, increasing disposable income and rapid growth of the e-commerce sector. Increasing penetration of internet, social media, improving standard of living and rapid growth in the doorstep deliveries are some other factors boosting global market revenue growth. In addition, various manufacturers are focusing on offering sustainable packaging to cater to rising environmental concerns. Local dealers are focusing on innovative packaging to attract consumers.  

Key questions addressed in the report:

• What size is the global Rock Wool Material market expected to reach over the forecast period?
• Which revenue CAGR is the global market expected to register throughout the forecast period?
• Which factors are expected to hamper global market growth during the forecast period?
• Which key factors are expected to driver global Rock Wool Material market throughout the forecast period?
• Which application segment is expected to register fastest revenue CAGR between 2020 and 2027?
• Which region is expected to register fastest revenue CAGR throughout the forecast period?
• What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?

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Global Rock Wool Material Market Segmentation:

Type Outlook:

• Rock Wool
• Glass Wool

Applications Outlook:

• Building and Construction
• Industrial
• Transportation

Regional Analysis covers:

• North America
  • S.
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • K.
  • Rest of EU
• Asia Pacific
  • India
  • China
  • Japan
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America
• Middle East & Africa
  • Saudi Arabia
  • South Africa
  • A.E
  • Rest of MEA

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