Mineral Wool Market in the USA - Key Insights

IndexBox has just published a new report, the U.S. Mineral Wool Market. Analysis And Forecast to 2025. Here is a summary of the report's key findings.

The revenue of the mineral wool market in the U.S. amounted to $X in 2018, remaining constant against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +X% over the period from 2013 to 2018; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2016, when it surged by X% y-o-y. Over the period under review, the mineral wool market reached its maximum level in 2018, and is likely to continue its growth in the near future.

Mineral Wool Production in the USA

In value terms, mineral wool production stood at $X in 2018. The total output value increased at an average annual rate of +X% over the period from 2013 to 2018; however, the trend pattern remained relatively stable, with only minor fluctuations being observed over the period under review. The most prominent rate of growth was recorded in 2016, when the the output figure increased by X% y-o-y.

Mineral Wool Exports

Exports from the USA

Mineral wool exports from the U.S. stood at X tonnes in 2018, growing by X% against the previous year. In general, mineral wool exports continue to indicate a relatively flat trend pattern.

In value terms, mineral wool exports totaled $X (IndexBox estimates) in 2018.

Exports by Country

Brazil (X tonnes), the UK (X tonnes) and Latvia (X tonnes) were the main destinations of mineral wool exports from the U.S., with a combined X% share of total exports.

From 2013 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Latvia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), the UK ($X) and France ($X) were the largest markets for mineral wool exported from the U.S. worldwide, together accounting for X% of total exports. These countries were followed by South Korea, Brazil, Germany, Australia, Latvia, India, Costa Rica, Peru and Chile, which together accounted for a further X%.

Export Prices by Country

The average mineral wool export price stood at $X per kg in 2018, waning by -X% against the previous year. Overall, the mineral wool export price continues to indicate a pronounced curtailment.

Export prices varied noticeably by the country of origin; the country with the highest export price was China ($X per kg), while the average price for exports to Latvia ($X per kg) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of export prices was recorded for supplies to Costa Rica (+X% per year), while the export prices for the other major destinations experienced more modest paces of growth.

Mineral Wool Imports

Imports into the USA

In 2018, approx. X tonnes of mineral wool were imported into the U.S.; reducing by -X% against the previous year.

In value terms, mineral wool imports stood at $X (IndexBox estimates) in 2018. The total import value increased at an average annual rate of +X% over the period from 2013 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. In that year, mineral wool imports reached their peak of $X, and then declined slightly in the following year.

Imports by Country

In 2018, China (X tonnes) constituted the largest supplier of mineral wool to the U.S., with a X% share of total imports. Moreover, mineral wool imports from China exceeded the figures recorded by the second largest supplier, Germany (X tonnes), fivefold. The third position in this ranking was occupied by Poland (X tonnes), with a X% share.

From 2013 to 2018, the average annual growth rate of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Poland (+X% per year).

In value terms, China ($X), Japan ($X) and Germany ($X) appeared to be the largest mineral wool suppliers to the U.S., with a combined X% share of total imports. These countries were followed by the UK, Poland, the Netherlands, India, Italy, Colombia, Belgium, Taiwan, Chinese and Brazil, which together accounted for a further X%.

Import Prices by Country

The average mineral wool import price stood at $X per kg in 2018, picking up by X% against the previous year. In general, the mineral wool import price continues to indicate a moderate setback.

There were significant differences in the average import prices amongst the major supplying countries. In 2018, the country with the highest import price was Japan ($X per kg), while the price for Poland ($X per kg) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of import prices was attained by Germany (+X% per year), while the import prices for the other major suppliers experienced more modest paces of growth.

Companies Mentioned in the Report

Owens Corning, United States Mineral Products Company , Pittsburgh Corning Corporation, Hi-Temp Insulation, Molded Acoustical Products of Easton, Industrial Insulation Group, Silbrico Corporation, Advance Thermal Corp., Anderson Products, Superior Energies, Guardian Building Products, Scott Industries, Thermafiber, Fibertek Insulation, Knauf Insulation, Owens Corning Sales, Insul-Coustic Corporation, Owens Corning Sales, Eckel Industries, Cell-Pak, Rock Wool Manufacturing Co, American Rockwool, Scott Manufacturing, International Technifab, Mid-Continent Minerals Corporation, Mfi Technologies, Roxul USA Inc., Silvercote

Source: IndexBox AI Platform