China Rockwool Market Global Outlook and Forecast 2024-2030

The China Rockwool market size was valued at US$ 1.87 billion in 2024 and is projected to reach US$ 2.65 billion by 2030, at a CAGR of 6.0% during the forecast period 2024-2030.
Rockwool is a versatile insulation material made from molten rock spun into fibers, known for its excellent thermal insulation, fire resistance, and soundproofing properties, widely used in construction and industrial applications.
China's Rockwool market is growing robustly, driven by increasing focus on energy efficiency in buildings and stringent fire safety regulations. In 2023, China produced approximately 3.8 million metric tons of rockwool, with 90% consumed domestically and 10% exported. The building & construction sector remains the largest consumer, accounting for 65% of demand, followed by industrial applications at 25% and HVAC systems at 10%. The market saw a significant boost from China's green building initiatives, leading to a 28% increase in demand for high-performance insulation in commercial buildings in 2023. Technological advancements have focused on improving thermal performance and sustainability, with new products offering 15% better insulation values and incorporating up to 25% recycled content compared to 2020 formulations. The market is seeing strong growth in thin, high-density rockwool boards, increasing at 10% annually, driven by demands for space-saving insulation solutions in urban construction. In 2023, new fire safety regulations in high-rise buildings led to a 35% increase in the use of rockwool for fire stops and curtain wall insulation. The industry faces challenges from competition with other insulation materials, but rockwool's superior fire resistance and acoustic properties continue to secure its market position. Emerging applications in urban agriculture are showing promise, with rockwool substrates for vertical farming growing at 20% CAGR, albeit from a small base of 1.5% market share. Looking ahead, the market is expected to benefit from China's ambitious energy efficiency goals, with rockwool for building retrofits projected to grow at 12% CAGR through 2030.

This report contains market size and forecasts of Rockwool in China, including the following market information:
•    China Rockwool Market Revenue, 2019-2024, 2024-2030, ($ millions)
•    China Rockwool Market Sales, 2019-2024, 2024-2030,
•    China Top five Rockwool companies in 2023 (%)

Report Includes

This report presents an overview of China market for Rockwool , sales, revenue and price. Analyses of the China market trends, with historic market revenue/sales data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.

This report focuses on the Rockwool sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the China Rockwool market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues.

This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by Type, and by Sales Channels, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Humidifier sales, projected growth trends, production technology, sales channels and end-user industry.

Segment by Type

•    Blanket
•    Board
•    Others

Segment by Applications

•    Building
•    Chemical
•    Others

Key Companies covered in this report:

•    Rockwool International
•    Knauf Insulation
•    Owens Corning
•    Saint-Gobain
•    Johns Manville
•    Paroc Group
•    USG Corporation
•    Beijing New Building Material (Group) Co., Ltd.
•    China National Building Material Company Limited
•    Kingflex Insulation Co., Ltd.

Including or excluding key companies relevant to your analysis.

Competitor Analysis

The report also provides analysis of leading market participants including:
•    Key companies Rockwool revenues in Chinan market, 2019-2024 (Estimated), ($ millions)
•    Key companies Rockwool revenues share in Chinan market, 2023 (%)
•    Key companies Rockwool sales in Chinan market, 2019-2024 (Estimated),
•    Key companies Rockwool sales share in Chinan market, 2023 (%)

Key Indicators Analysed
•    Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2019-2030 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
•    Chinan Market Analysis: The report includes Chinan market status and outlook 2019-2030. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
•    Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
•    Opportunities and Drivers: Identifying the Growing Demands and New Technology
•    Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Benefits of This Market Research:
•    Industry drivers, restraints, and opportunities covered in the study
•    Neutral perspective on the market performance
•    Recent industry trends and developments
•    Competitive landscape & strategies of key players
•    Potential & niche segments and regions exhibiting promising growth covered
•    Historical, current, and projected market size, in terms of value
•    In-depth analysis of the Rockwool Market
•    Overview of the regional outlook of the Rockwool Market

Key Reasons to Buy this Report:

•    Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
•    This enables you to anticipate market changes to remain ahead of your competitors
•    You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations or other strategic documents
•    The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
•    Provision of market value (USD Billion) data for each segment and sub-segment
•    Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
•    Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
•    Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
•    Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
•    The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
•    Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
•    Provides insight into the market through Value Chain
•    Market dynamics scenario, along with growth opportunities of the market in the years to come
•    6-month post-sales analyst support

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