Mineral Wool Market: Unveiling the Global Growth Potential
Definition: Mineral wool, often referred to as rock wool or stone wool, is a versatile insulating material made from natural or synthetic minerals such as basalt, diabase, or slag. It is produced by melting these raw materials at high temperatures and then spinning them into fibers. Mineral wool is commonly used in construction for its excellent thermal and acoustic insulation properties. Market Size: The global mineral wool market has experienced steady growth in recent years. The global mineral wool market was valued at US$ 15,661.22 Mn in 2021 and is forecast to reach a value of US$ 25670 Mn by 2030 at a CAGR of 6.6% between 2022 and 2030 . Market Industry: The mineral wool market industry primarily serves the construction and insulation sectors. Mineral wool products find extensive applications in residential, commercial, and industrial buildings as they provide effective insulation again...