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World - Slag Wool, Rock Wool And Similar Mineral Wools And Mixtures - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Sep 18, 2020

The Global Mineral Wool Market Started to Slow Down

IndexBox has just published a new report: 'World - Slag Wool, Rock Wool And Similar Mineral Wools And Mixtures - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.

For the fifth consecutive year, the global mineral wool market recorded growth in sales value, which increased by 0.3% to $30.9B in 2019. The market value increased at an average annual rate of +2.1% over the period from 2013 to 2019; the trend pattern remained consistent, with only minor fluctuations in certain years. Over the period under review, the global market attained the maximum level in 2019 and is likely to continue growing in years to come.

Consumption by Country

The countries with the highest volumes of mineral wool consumption in 2019 were China (4.9M tonnes), the U.S. (3.9M tonnes) and India (2M tonnes), together comprising 56% of global consumption. Japan, Russia, Mexico, Germany, South Korea, Thailand, Canada and Saudi Arabia lagged somewhat behind, together comprising a further 25%.

From 2013 to 2019, the most notable rate of growth in terms of mineral wool consumption, amongst the main consuming countries, was attained by Saudi Arabia, while mineral wool consumption for the other global leaders experienced more modest paces of growth.

In value terms, China ($6.8B), the U.S. ($6.2B) and Japan ($5.1B) appeared to be the countries with the highest levels of market value in 2019, together comprising 58% of the global market. India, Mexico, South Korea, Saudi Arabia, Germany, Russia, Thailand and Canada lagged somewhat behind, together accounting for a further 28%.

The countries with the highest levels of mineral wool per capita consumption in 2019 were the U.S. (12 kg per person), Japan (9.63 kg per person) and Saudi Arabia (8.70 kg per person).

Production

In 2019, global mineral wool production expanded to 19M tonnes, increasing by 4.3% compared with the year before. The total output volume increased at an average annual rate of +1.8% from 2013 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. 

Production by Country

The countries with the highest volumes of mineral wool production in 2019 were China (5M tonnes), the U.S. (3.8M tonnes) and India (2M tonnes), with a combined 56% share of global production. These countries were followed by Japan, Russia, Mexico, Germany, South Korea, Canada, Thailand, Saudi Arabia and Poland, which together accounted for a further 28%.

From 2013 to 2019, the most notable rate of growth in terms of mineral wool production, amongst the leading producing countries, was attained by Saudi Arabia, while mineral wool production for the other global leaders experienced more modest paces of growth.

Imports

After three years of growth, purchases abroad of slag wool, rock wool and similar mineral wools and mixtures decreased by -3.3% to 2.3M tonnes in 2019. The total import volume increased at an average annual rate of +3.9% over the period from 2013 to 2019. Global imports peaked at 2.3M tonnes in 2018, and then declined modestly in the following year.

In value terms, mineral wool imports shrank slightly to $2.6B (IndexBox estimates) in 2019. The total import value increased at an average annual rate of +2.6% from 2013 to 2019; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. 

Imports by Country

France (183K tonnes), Italy (156K tonnes), the U.S. (137K tonnes), Germany (132K tonnes), Austria (113K tonnes), Romania (85K tonnes), Kazakhstan (81K tonnes), Sweden (81K tonnes), Poland (72K tonnes), the Czech Republic (67K tonnes), Belgium (63K tonnes) and Belarus (59K tonnes) represented roughly 54% of total imports of slag wool, rock wool and similar mineral wools and mixtures in 2019.

From 2013 to 2019, the biggest increases were in Romania, while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest mineral wool importing markets worldwide were Germany ($203M), the U.S. ($186M) and France ($180M), with a combined 22% share of global imports. Italy, Austria, Poland, Belgium, Sweden, the Czech Republic, Romania, Kazakhstan and Belarus lagged somewhat behind, together accounting for a further 26%.

Import Prices by Country

The average mineral wool import price stood at $1,155 per tonne in 2019, flattening at the previous year. Over the period under review, the import price recorded a slight shrinkage. The pace of growth appeared the most rapid in 2018 when the average import price increased by 4.8% y-o-y. Over the period under review, average import prices reached the maximum at $1,295 per tonne in 2014; however, from 2015 to 2019, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($1,535 per tonne), while Kazakhstan ($485 per tonne) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Poland, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• Prodcom 23991910 - Slag wool, rock wool and similar mineral wools and mixtures thereof, in bulk, sheets or rolls

This report provides an in-depth analysis of the global mineral wool market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.



Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2018–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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