In 2023, Germany led the global export share of mineral heat or sound insulating materials and articles, followed by the United States and Japan. Notable growth in export value was seen from countries like Canada, Ireland, South Africa, and Hungary, driven by increasing demand for energy-efficient materials. Conversely, Italy, Spain, and Ukraine experienced declines, affected by various economic challenges. The Compound Annual Growth Rate (CAGR) for the sector over the past five years highlights steady growth, with emerging markets like Thailand and the UAE improving their positions significantly.
Future trends to watch include:
- Continued expansion in Asian markets, notably China, driven by industrial growth and infrastructure projects.
- Increased focus on sustainable and eco-friendly insulating materials in line with global environmental standards.
- Potential growth opportunities in underrepresented markets such as Africa and South America where infrastructure development is key.
- Technological advances emphasizing lightweight and high-efficiency materials could reshape market dynamics.
Top countries in Export of Mineral Heat or Sound Insulating Materials and Articles Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 23.05 | 2023 | +1.96% | +1.84% | View data |
| 2 | 2 United States | 16.48 | 2023 | +2.13% | +2.79% | View data |
| 3 | 3 Japan | 8.48 | 2023 | +0.52% | -0.4% | View data |
| 4 | 4 China | 7.56 | 2023 | +3.69% | +2.9% | View data |
| 5 | 5 Belgium | 6.24 | 2023 | -0.29% | -0.62% | View data |
| 6 | 6 United Kingdom | 5.86 | 2023 | +0.85% | +0.35% | View data |
| 7 | 7 Hungary | 4.87 | 2023 | +4.94% | +5.76% | View data |
| 8 | 8 Canada | 3.57 | 2023 | +4.9% | +6.43% | View data |
| 9 | 9 Ireland | 2.68 | 2023 | +4.71% | +4.08% | View data |
| 10 | 10 France | 2.46 | 2023 | -0.98% | -1.73% | View data |
