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Ema Rockwool Market

EMA Rockwool Market by Product Type (Rolled, Panels, and Others) and End-use Industry (Building & Construction, Transportation, Industrial & Appliances, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A16227
Pages: 136
Jun 2022 | 377 Views
Author(s) : Raushan Karn, Nikhil Mittal , Eswara Prasad
Tables: 126
Charts: 61
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The EMA rockwool market was valued at $1.4 billion in 2020, and is projected to reach $2.2 billion by 2030, growing at a CAGR of 4.7% from 2021 to 2030.

Rockwool is a fibrous material made from slag or molten rock by passing a blast of steam through the fluid; mineral wool. It is characterized by numerous physical and chemical properties such as fire resilience, thermal insulation, acoustic capabilities, robust, and better aesthetics that make it best suited for thermal insulation and soundproofing applications in building & construction, transportation, industrial, and other end-use sectors.

EMA-Rockwool-Market

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The building & construction sector has grown rapidly in both developed and developing economies, owing to surge in demand for commercial spaces such as offices, hotels, malls, industrial corridors, and others. Furthermore, increase in investments in building infrastructure in countries such as France, Italy, Spain, and others, have led the building & construction sector to witness significant growth. This may act as one of the key drivers responsible for the growth of the rockwool market in building & construction sector. In addition, strong economic growth augments the establishments of industries where rockwool is widely used as insulation in pipes, tanks, columns, vessels, chimneys, boilers, cold boxes, and others. These are the major rockwool market growth factors.

However, adverse health effects associated with the prolonged exposure to rockwool, such as acute irritation of the skin, eyes and the upper respiratory tract, pulmonary fibrosis, pleural mesothelioma, and lung cancer, may restrain the market growth. 

On the contrary, the increasing awareness for energy saving activities has surged the popularity of rockwool in various end-use sectors owing to its potential to reduce energy costs by lowering heating and cooling costs; thereby reducing CO2 emissions. This factor is anticipated to increase the sales of rockwool among various end-use sectors; thus creating lucrative opportunities for the market. 

The EMA rockwool market is segmented on the basis of product type, end-use industry, and region. On the basis of product type, the market is categorized into rolled, panels, and others. On the basis of end-use industry, it is divided into building & construction, transportation, industrial & appliances, and others. Region-wise, the market is studied across Europe, Maghreb, and Africa. 

The rockwool market report profiles leading players that include Comptoir Hammami, DTH Prefab, Isover Saint-Gobain France S.A., Knauf Insulation, Lawsons (Whetstone) Ltd., Paroc Group, Polish Stone Wool Group, Rockfibre (PTY) Ltd, Rockwool A/S, and URSA.

EMA rockwool market, by region

The Europe EMA rockwool market size is projected to grow at the highest CAGR of 4.7% during the forecast period and accounted for 99.7% of EMA rockwool market share in 2020. This is attributed to growth in building & construction, transportation, manufacturing, and other sectors, which has enhanced the performance of rockwool market in the Europe region. For instance, according to a report published by European Commission, the number of enterprises in construction sector in France increased by 4.4% from 698,034 in 2010 to 728,420 in 2020 owing to increase in real estate activities, followed by the architectural and engineering activities. Moreover, the tourism sector in countries such as Italy and Spain has witnessed a rapid increase in renovation activities of old houses into modern theme-based architecture, which in turn has surged the popularity of rockwool insulation used in walls, ceilings, floors, and other areas.

EMA Rockwool Market
By Region

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Europe would exhibit highest CAGR of 4.7% during 2021-2030.

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EMA rockwool market, by product type

In 2020, the panels segment was the largest revenue generator, and is anticipated to grow at a CAGR of 4.6% during the forecast period. This is attributed to the fact that rockwool panels offer protection from cold, heat, risk of fire, and ambient noise. Moreover, they have wide applications as walls, roofs, ceilings, and are used in the construction of both commercial and industrial buildings, cold rooms & clean rooms, cold storages, refrigerated buildings, office buildings, warehouses, prefabricated containers & cabins, malls, food processing units, and others.

EMA Rockwool Market
By Product Type

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Panels is the most lucrative segment

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EMA rockwool market, by end-use industry

By end-use industry, the building and construction segment dominated the global market in 2020, and is anticipated to grow at a CAGR of 4.9% during the forecast period. This is attributed to increase in expenditure on the development of townships, housing, built up infrastructure, and construction development projects where rockwool is widely used for loft insulation, metal wall insulation, metal roof insulation, intermediate floor insulation, and floors in flats & houses, malls, cold storages, auditoriums, theaters, offices, and other spaces. 

EMA Rockwool Market
By End-Use Industry

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Industrial and Appliances is projected as the fastest growing segment

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Key benefits for stakeholders

  • Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • It outlines the current EMA rockwool market trends and future estimations from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
  • The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
  • The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study.
  • The profiles of key players and their key strategic developments are enlisted in the report.

Impact Of Covid-19 On The Ema Rockwool Market

  • The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses of lives and the economy around the globe.
  • The EMA rockwool market has been negatively impacted due to the wake of COVID-19 pandemic, owing to its dependence on building & construction, transportation, industrial, marine, horticulture, and other sectors.
  • Several companies have either shut down or shrank their operations due to the risk of infections among the workforce where rockwool is used for thermal insulation purposes. This has temporarily hampered the growth of EMA rockwool market amid the COVID-19 period.  
  • In addition, the falling income of customers and international travel restrictions has led to contraction of the demand of EMA rockwool among the transportation sectors.    
  • Moreover, more than 100 countries have locked their international borders for transportation and non-essential trade activities, which in turn have reduced the consumption of rockwool among several end-use sectors.
  • In addition, the EMA rockwool market has witnessed a downfall in demand among the construction sectors, owing to temporary halt on various building and construction projects amid the COVID-19 period.
  • In 2020, rockwool prices were high in Europe region. The price rise was due to continued regional demand trends and tight product availability. Firm downstream demand for rockwool and stronger upstream costs are expected to sustain the price gain. 

Key Market Segments

  • By Product Type
    • Rolled
    • Panels
    • Others
  • By Application
    • Building and Construction
      • Residential
      • Non-Residential
    • Transportation
    • Industrial and Appliances
    • Others
  • By Region
    • Europe
      • France
      • Italy
      • Spain
    • Maghreb
      • Morocco
      • Tunisia
    • Africa
      • Egypt
      • Libya
  • Key players in the EMA rockwool market are:
    • Comptoir Hammami
    • DTH Prefab
    • Isover Saint-Gobain France S.A.
    • Knauf Insulation
    • Lawsons (Whetstone) Ltd.
    • Paroc Group
    • Polish Stone Wool Group
    • Rockfibre (PTY) Ltd
    • Rockwool A/S
    • URSA
 

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According to CXOs of leading companies, the EMA rockwool market is expected to exhibit high growth potential. Rockwool is characterized by numerous physical and chemical properties such as fire resilience, thermal insulation, acoustic capabilities, robust, and better aesthetics that makes it best-suited for insulation applications in a variety of end-use sectors such as building & construction, transportation, industrial, and others. Transportation and industrial equipment that require high strength, corrosion protection, and thermal shock resistance properties can be accomplished with the use of rockwool.

In addition, rockwool is a breathable material that allows moisture to escape from the walls, ceilings, floors, and other employed areas which in turn reduce the risk of bacterial growth inside the surface. Furthermore, it has the potential to reduce energy usage and costs, thereby reducing CO2 emissions. These factors have made customers more linear towards using rockwool insulation in various end-use sectors. CXOs further added that sustained economic growth and development of the building & construction sector have increased the popularity of rockwool.

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FREQUENTLY ASKED QUESTIONS?

A. Escalating demand from building &construction sector and robust demand from transportation sector are the other major growth factors in the rockwool market.

A. The EMA rockwool market was valued at $1.4 billion in 2020, and is projected to reach $2.2 billion by 2030, growing at a CAGR of 4.7% from 2021 to 2030.

A. Comptoir Hammami, DTH Prefab, Isover Saint-Gobain France S.A., Knauf Insulation, Lawsons (Whetstone) Ltd., Paroc Group, Polish Stone Wool Group, Rockfibre (PTY) Ltd, Rockwool A/S, and URSA are the most established players in the EMA rockwool market.

A. Building and construction, transportation, industrial and appliances are projected to increase the demand of EMA rockwool market

A. The EMA rockwool market is segmented on the basis of product type, end-use industry, and region. On the basis of product type, the market is categorized into rolled, panels, and others. On the basis of end-use industry, it is divided into building and construction, transportation, industrial and appliances, and others. Region-wise, the market is studied across Europe, Maghreb, and Africa.

A. Rapid infrastructure development has increased the demand for rockwool widely used as loft insulation, metal wall insulation, metal roof insulation, intermediate floor insulation, and floors in residential, commercial, and industrial facilities. Moreover, increase in demand for a wide range of consumer goods has led the transportation sector to witness a significant growth where rockwool insulation is widely used to wrap around the packages to avoid thermal shock and vibrations.

A. Applications such as thermal insulation, package wraps, industrial equipment insulation, heating, ventilation, and air-conditioning (HVAC) insulation, and others are expected to drive the adoption of the EMA rockwool market.

A. The EMA rockwool market has been negatively impacted due to the wake of COVID-19 pandemic, owing to its dependence on building & construction, transportation, industrial, marine, horticulture, and other sectors. Several companies have either shut down or shrank their operations due to the risk of infections among the workforce where rockwool is used for thermal insulation purposes. This has temporarily hampered the growth of EMA rockwool market amid the COVID-19 period. In addition, the EMA rockwool market has witnessed a downfall in demand among the construction sectors, owing to temporary halt on various building and construction projects amid the COVID-19 period.

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