The global EMA Rockwool market size was US$ 1.4 billion in 2020. The global EMA Rockwool market size is forecast to reach US$ 2.2 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.7% during the forecast period from 2022 to 2030.
Rockwool is made from a mixture of basalt, anorthosite, and cemented briquettes heated to about 15,000 degrees Celsius, at which point the rock mixture melts and is spun into fibers. Rockwool is a fibrous material formed from slag or molten rock by passing a blast of steam through the fluid; mineral wool is a fibrous substance made from slag or molten rock by passing a blast of steam through the fluid. It has a variety of physical and chemical properties, including fire resistance, thermal insulation, acoustic capabilities, robustness, and improved aesthetics, making it ideal for thermal insulation and soundproofing applications in the building and construction, transportation, industrial, and other end-use sectors.
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Factors Influencing Market Growth
The primary use of Rockwool is to wrap around packages for thermal insulation purposes as a result of sustained economic expansion and rising demand for consumer goods in the automotive and transportation sectors. Thus, this factor drives the global market.
Lack of understanding about the advantages of Rockwool may slow down the overall market growth.
The rising understanding of energy-saving activities has increased the popularity of Rockwool in various end-use sectors due to its possibility to reduce energy costs by reducing heating and cooling costs, thereby lowering CO2 emissions. Thus, this factor is forecast to offer lucrative opportunities for the global market during the forecast period.
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global EMA Rockwool market. Because of its reliance on the building and construction, transportation, industrial, marine, and horticultural industries, among others. Several enterprises have shut down or reduced their workforces due to the risk of infections among workers who work with Rockwool, used for thermal insulation. Furthermore, decreased customer money and international travel limitations have resulted in a decrease in demand for EMA Rockwool in the transportation sector.
Regional Analysis
Europe garnered a substantial share in the market in 2021 and is forecast to have lucrative growth during the forecast period. As a result of the growing building & construction, transportation, manufacturing, and other sectors, which has improved the performance of the Rockwool. In addition, the tourism sector in countries like Italy and Spain has noticed a rapid growth in renovation activities of old houses into modern theme-based architecture, which in turn has increased the popularity of Rockwool insulation used in walls, ceilings, floors, and other areas.
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Leading Competitors
The leading prominent companies profiled in the global EMA Rockwool market are:
Comptoir Hammami
DTH Prefab
Isover Saint-Gobain France S.A.
Knauf Insulation
Lawsons (Whetstone) Limited
Paroc Group
Polish Stone Wool Group
Rockfibre (PTY) Ltd
Rockwool A/S
URSA Insulation
Other Prominent Players
Scope of the Report
The global EMA Rockwool market segmentation focuses on Product Type, Application, and Region.
Segmentation based on Product Type
Rolled
Panels
Others
Segmentation based on Application
Building and Construction
o Residential
o Non-Residential
Transportation
Industrial and Appliances
Others
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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