ROXUL Inc. Now ROCKWOOL
According to PRNewWire.com, the global mineral wool insulation market is expected to reach an estimated $23.7 billion by 2023. Moreover, the CAGR (compound annual growth rate) is expected to be 3.8% between 2018 to 2023. The major growth drivers are increasing construction activities and tougher global government regulations. Additionally, stricter building codes for energy efficiency and fire safety regulations have added to mineral wool insulation growth.
Emerging Trends
Emerging trends, which have a direct impact on the dynamics of the mineral wool insulation industry, include the shift towards eco-friendly insulation (“green”). Likewise, there is the growing focus on glass wool insulation recycling and the development of lightweight and highly fire-resistant insulation.
Mineral Wool Is Recyclable
The Green Cocoon uses mineral wool insulation and has been for quite some time in the New England area. Mineral wool is friendly to both people and the environment and is gaining in popularity. It is 100% recyclable, VOC-free, and formaldehyde-free.
ROXUL Now ROCKWOOL
ROCKWOOL (formerly ROXUL Inc.), North America’s largest producer of stone wool insulation, is the mineral wool we use. ROXUL rebranded itself to ROCKWOOL in early 2019. Furthermore, the ROCKWOOL brand has been marketed internationally for 80 years, and it will now be adopted in North America.
If you would like more information on mineral wool insulation or its application, please contact us.
Photo courtesy of familyhandyman.com.
