Italy Mineral Wool Market Dynamics, Recent Developments, and Strategic Insights by 2031

The Italy mineral wool market was valued at US$ 779.24 million in 2024 and is projected to reach US$ 1089.47 million by 2031; the market is expected to register a CAGR of 5.1% during 2025–2031. The focus on recycled and sustainable materials to produce mineral wool is likely to bring new trends in the market during the forecast period.

Italy Mineral Wool Analysis

Over the years, the government of Italy has approved and provided funds to several schemes to improve the energy efficiency of existing buildings. Under its Conto Termico scheme, the government allocates ~US$ 400 million for private entities and ~US$ 500 million for public companies every year. Public companies use this scheme to implement projects for improving the insulation efficiency of the envelope of existing buildings by insulating roofs and walls, and installing solar screening. Incentives for insulation efficiency improvement account for 40% of the total expenditure planned for retrofitting existing buildings.

Italy Mineral Wool Overview

Mineral wool is a fibrous material produced by drawing or spinning molten mineral or rock materials such as ceramics and slag. In addition to being non-combustible, its properties, such as soundproofing, thermal conductivity, and durability, make it an ideal insulation material in various industries, including building and construction, automotive, oil and gas, power generation, and aerospace. Favorable government policies, such as Conto Termico, promote renovations and retrofitting of existing buildings for adding insulation materials to prevent fire incidents and reduce energy consumption in buildings, in turn benefitting the Italy mineral wool market

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Italy Mineral Wool Market: Strategic Insights

Italy Mineral Wool Market

• Market Size 2024
  US$ 779.24 Million
• Market Size 2031
  US$ 1089.47 Million

Market Dynamics

GROWTH DRIVERS

• Surge in Renovation and Retrofitting Projects for Insulation
• Burgeoning Demand for Energy-Efficient Buildings

FUTURE TRENDS

• Focus on Recycled and Sustainable Materials for the Production of Mineral Wool

OPPORTUNITIES

• Continuous Growth of End-Use Industries

Regional Overview

• Italy

Market Segmentation

Type

• Glass Wool
• Rock Wool

Product Type

• Blanket
• Board
• Loose Fill
• Spray

End-use Industry

• Building and Construction
• Automotive
• Aerospace
• Electronics and Electricals
• Oil and Gas
• Power Generation

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Italy Mineral Wool Drivers and Opportunities

Burgeoning Demand for Energy-Efficient Buildings Fuels Market Growth

According to the International Energy Administration, the building sector in Italy is expected to contribute 60% of its annual final energy savings by 2030. There is an increasing demand for energy-efficient buildings that align with the Italian government's regulations and policies. The Italian National Integrated Plan for Energy and Climate (PNIEC), enacting EU Regulation No. 1999/2018 on the European climate framework, has established a target of decreasing the primary energy consumption by 43% and final energy consumption by 39.7% by 2030, further achieving net zero by 2050.

Continuous Growth of End-Use Industries to Generate Market Opportunities

Mineral wool has a broad application scope in various industries, including automotive, oil and gas, power generation, and aerospace. In the oil and gas and other industries, mineral wool is used to protect pipelines, piping, and structures against heat transfer in the system. In industries such as automotive, aerospace, and power generation, mineral wool prevents overheating and reduces sound pollution.

The strategic geographic location in Europe and the Mediterranean area makes Italy an ideal market for foreign investments in end-use industries such as automotive, oil and gas, building and construction, aerospace, and power generation. According to the International Trade Administration, Italy is the second-largest manufacturing economy in Europe. It is a major manufacturer of automotive vehicles. The sales of lightweight commercial vehicles reached 160,830 units in 2022, which further increased by 8.8% in 2023. As per the same source, the oil & gas industry is one of the most prominent industries in the country. Natural gas and oil contribute to 38% and 37% of its total energy supply, respectively. The International Trade Administration also states that Italy has the 12th largest construction industry globally, owing to increased investments. According to the National Association of Building Contractors, investments in the construction industry rose by 17.6%, reaching US$ 176.2 billion in 2022 compared to 2021. The continuous growth of these industries is expected to generate opportunities for the Italy mineral wool market growth in the coming years.

Italy Mineral Wool Share Segmentation Analysis

Key segments that contributed to the derivation of the Italy mineral wool market analysis are type, product type, and end-use industry.

• Based on type, the Italy mineral wool market is segmented into glass wool, rock wool, and others. The glass wool segment held the largest share of the market in 2024.
• In terms of product type, the Italy mineral wool market is segmented into blanket, board, loose fill, spray, and others. The board segment held the largest share of the market in 2024.
• By end-use industry, the Italy mineral wool market is segmented into building and construction, automotive, aerospace, electronics and electricals, oil and gas, power generation, and others. The building and construction segment held the largest share of the market in 2024.

Italy Mineral Wool Share Analysis by Country

The demand for mineral wool in the country is growing rapidly. The growth of building and construction is the major factor driving the market for mineral wool in Italy. Further, owing to rising environmental awareness, Italy demonstrates a significant preference for sustainable materials; this has resulted in several mineral wool manufacturers launching mineral wool produced using sustainable materials such as recycled glass and bottles as well as waste from construction sites, which aligns with stringent government regulations in the Italian market.

Italy Mineral Wool Market Report Scope

Italy Mineral Wool News and Recent Developments

The Italy mineral wool market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases.

Knauf Group and Texnopark have announced a joint agreement for Knauf to acquire Texnopark’s Rock Mineral Wool insulation business. The acquisition includes a new plant in Tashkent, Uzbekistan, equipped with advanced electric melting technology which enables low CO2 emissions in production. (Knauf Insulation, Company News, December 2024)

Saint-Gobain India plans to double its production capacities of glass and stone wool insulation as part of a new investment phase, targeting revenues of US$ 4.3 billion across its businesses by 2032. (Saint-Gobain, Company News, June 2024)

Italy Mineral Wool Report Coverage and Deliverables

The "Italy Mineral Wool Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:

• Italy mineral wool market trends and forecast for all the key market segments covered under the scope
• Italy mineral wool market trends, as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed Porter's Five Forces and SWOT analysis
• Italy mineral wool market analysis covering key market trends, country framework, major players, regulations, and recent market developments.
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Italy mineral wool market
• Detailed company profiles