| Product Code: ETC4653287 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Cape Verde continues to rely on mineral wool imports, with key suppliers including Portugal, China, Italy, Spain, and Turkey in 2024. Despite a notable decrease in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) for the period 2020-2024 remains strong at 19.87%. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, highlighting the dominance of these top exporting countries in meeting Cape Verde`s mineral wool needs. Monitoring market dynamics and potential diversification of import sources could be crucial for stakeholders in this sector.

By 2027, Cabo Verde's Mineral Wool market is forecasted to achieve a exponential growth rate of 16.10%, with Egypt leading the Africa region, followed by South Africa, Ethiopia, Algeria and Nigeria.

Cape Verde`s mineral wool market is developing, driven by the demand for effective insulation materials in construction and industrial applications. Mineral wool, made from molten rock or slag, offers excellent thermal and acoustic insulation, fire resistance, and energy efficiency, making it a preferred choice for building insulation and industrial applications.
The Cape Verde Mineral Wool market is driven by the demand for effective thermal and acoustic insulation solutions in construction and industrial applications. Mineral wool provides excellent insulating properties, including high thermal resistance and sound absorption. The increasing focus on energy efficiency, sustainability, and building performance supports the adoption of mineral wool as a preferred insulation material, driving market growth.
The Cape Verde mineral wool market faces challenges such as high import costs and limited local production capabilities. There are logistical issues and a need for specialized handling and installation of mineral wool products. Additionally, low consumer demand and competition from alternative insulation materials can impact market growth. Regulatory constraints and a lack of consumer awareness about the benefits of mineral wool further complicate the market dynamics.
Policies supporting the mineral wool market may aim to improve building insulation and energy efficiency. This includes providing incentives for companies producing mineral wool, funding research into advanced insulation materials, and promoting the use of mineral wool in construction and industrial applications.
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 Cape Verde Mineral Wool Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Mineral Wool Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Mineral Wool Market - Industry Life Cycle |
3.4 Cape Verde Mineral Wool Market - Porter's Five Forces |
3.5 Cape Verde Mineral Wool Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Cape Verde Mineral Wool Market Revenues & Volume Share, By Form Types, 2021 & 2031F |
3.7 Cape Verde Mineral Wool Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Cape Verde Mineral Wool Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cape Verde Mineral Wool Market Trends |
6 Cape Verde Mineral Wool Market Segmentations |
6.1 Cape Verde Mineral Wool Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Mineral Wool Market Revenues & Volume, By Rock Wool, 2021-2031F |
6.1.3 Cape Verde Mineral Wool Market Revenues & Volume, By Glass Wool, 2021-2031F |
6.2 Cape Verde Mineral Wool Market, By Form Types |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Mineral Wool Market Revenues & Volume, By Board, 2021-2031F |
6.2.3 Cape Verde Mineral Wool Market Revenues & Volume, By Blankets, 2021-2031F |
6.2.4 Cape Verde Mineral Wool Market Revenues & Volume, By Panel, 2021-2031F |
6.2.5 Cape Verde Mineral Wool Market Revenues & Volume, By Others, 2021-2031F |
6.3 Cape Verde Mineral Wool Market, By Applications |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Mineral Wool Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.3.3 Cape Verde Mineral Wool Market Revenues & Volume, By Industrial, 2021-2031F |
6.3.4 Cape Verde Mineral Wool Market Revenues & Volume, By Transportation, 2021-2031F |
6.3.5 Cape Verde Mineral Wool Market Revenues & Volume, By Others, 2021-2031F |
7 Cape Verde Mineral Wool Market Import-Export Trade Statistics |
7.1 Cape Verde Mineral Wool Market Export to Major Countries |
7.2 Cape Verde Mineral Wool Market Imports from Major Countries |
8 Cape Verde Mineral Wool Market Key Performance Indicators |
9 Cape Verde Mineral Wool Market - Opportunity Assessment |
9.1 Cape Verde Mineral Wool Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Cape Verde Mineral Wool Market Opportunity Assessment, By Form Types, 2021 & 2031F |
9.3 Cape Verde Mineral Wool Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Cape Verde Mineral Wool Market - Competitive Landscape |
10.1 Cape Verde Mineral Wool Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Mineral Wool Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |