Product Code: ETC008221 | Publication Date: Jul 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Qatar Mineral Wool market currently, in 2023, has witnessed an HHI of 1657, Which has increased slightly as compared to the HHI of 827 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Qatar Mineral Wool Market is projected to grow more in the future. Qatar mineral wool is a type of insulation material used in the construction industry. It is composed of natural resources such as basalt, rock and recycled glass which are heated to high temperatures and spun into fibers that are bound together with a resin or binder. Mineral wool provides improved thermal performance, fire resistance, acoustic control and mold prevention benefits for buildings. With rising awareness among people regarding the environmental impact caused by traditional insulation materials such as polystyrene foam has spurred growth in Qatar mineral wool market over recent years.
The major driver boosting Qatar mineral wool market includes increasing demand from residential & commercial building projects due to its superior properties such as heat retention capacity, soundproofing capabilities & fire resistance that surpasses other types of insulation products available in the market. Additionally, growing concern among consumers towards reducing their carbon footprint coupled with government initiatives across the region promoting green buildings is also expected to fuel growth during forecast period 2020-2026. Furthermore introduction of innovative product range by key players focusing on improving sound proofing capabilities also contributes significantly towards overall market expansion over next few years.
High cost associated with installation & maintenance along with availability of substitute products at lower prices may hamper sales volume however stringent regulations imposed by governments encouraging adoption of environmentally friendly solutions will create numerous opportunities for participants operating in this space throughout forecast period 2020-2026.
Knauf Insulation, USG Boral Building Products, CertainTeed Corporation, Johns Manville, ROCKWOOL International A/S. Covid-19 Impact : The outbreak has led to disruption in supply chain operations resulting rise in raw material costs thus affecting production output adversely impacting revenue generated from exports thereby creating challenging environment for existing players looking forward to expand their presence further across Middle East region during coming year 2021.
The COVID-19 pandemic had a significant impact on the Qatar mineral wool market from 2020 to 2026. With the outbreak of the virus and the subsequent lockdowns and restrictions, the construction industry, a major consumer of mineral wool products, experienced disruptions. Many construction projects were put on hold, and this led to a decrease in demand for mineral wool insulation materials. Additionally, supply chain disruptions and logistical challenges posed by the pandemic further exacerbated the situation. The restrictions on movement and trade made it difficult for manufacturers to procure raw materials and distribute their products, impacting the overall production and availability of mineral wool in the market. However, as the construction industry gradually resumed its activities with the easing of restrictions, the demand for mineral wool products also showed signs of recovery. The growing awareness of the importance of energy-efficient buildings and sustainability also played a role in driving demand for mineral wool insulation, as it is known for its thermal and acoustic properties.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Qatar Mineral Wool Market Overview |
3.1 Qatar Country Macro Economic Indicators |
3.2 Qatar Mineral Wool Market Revenues & Volume, 2020 & 2030F |
3.3 Qatar Mineral Wool Market - Industry Life Cycle |
3.4 Qatar Mineral Wool Market - Porter's Five Forces |
3.5 Qatar Mineral Wool Market Revenues & Volume Share, By Product Type, 2020 & 2030F |
3.6 Qatar Mineral Wool Market Revenues & Volume Share, By Form Types, 2020 & 2030F |
3.7 Qatar Mineral Wool Market Revenues & Volume Share, By Applications, 2020 & 2030F |
4 Qatar Mineral Wool Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Qatar Mineral Wool Market Trends |
6 Qatar Mineral Wool Market, By Types |
6.1 Qatar Mineral Wool Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Qatar Mineral Wool Market Revenues & Volume, By Product Type, 2020-2030F |
6.1.3 Qatar Mineral Wool Market Revenues & Volume, By Rock Wool, 2020-2030F |
6.1.4 Qatar Mineral Wool Market Revenues & Volume, By Glass Wool, 2020-2030F |
6.2 Qatar Mineral Wool Market, By Form Types |
6.2.1 Overview and Analysis |
6.2.2 Qatar Mineral Wool Market Revenues & Volume, By Board, 2020-2030F |
6.2.3 Qatar Mineral Wool Market Revenues & Volume, By Blankets, 2020-2030F |
6.2.4 Qatar Mineral Wool Market Revenues & Volume, By Panel, 2020-2030F |
6.2.5 Qatar Mineral Wool Market Revenues & Volume, By Others, 2020-2030F |
6.3 Qatar Mineral Wool Market, By Applications |
6.3.1 Overview and Analysis |
6.3.2 Qatar Mineral Wool Market Revenues & Volume, By Building & Construction, 2020-2030F |
6.3.3 Qatar Mineral Wool Market Revenues & Volume, By Industrial, 2020-2030F |
6.3.4 Qatar Mineral Wool Market Revenues & Volume, By Transportation, 2020-2030F |
6.3.5 Qatar Mineral Wool Market Revenues & Volume, By Others, 2020-2030F |
7 Qatar Mineral Wool Market Import-Export Trade Statistics |
7.1 Qatar Mineral Wool Market Export to Major Countries |
7.2 Qatar Mineral Wool Market Imports from Major Countries |
8 Qatar Mineral Wool Market Key Performance Indicators |
9 Qatar Mineral Wool Market - Opportunity Assessment |
9.1 Qatar Mineral Wool Market Opportunity Assessment, By Product Type, 2020 & 2030F |
9.2 Qatar Mineral Wool Market Opportunity Assessment, By Form Types, 2020 & 2030F |
9.3 Qatar Mineral Wool Market Opportunity Assessment, By Applications, 2020 & 2030F |
10 Qatar Mineral Wool Market - Competitive Landscape |
10.1 Qatar Mineral Wool Market Revenue Share, By Companies, 2023 |
10.2 Qatar Mineral Wool Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |