The Mineral Wool Market size is estimated at USD 18.46 billion in 2024, and is expected to reach USD 24.97 billion by 2029, growing at a CAGR of 6.23% during the forecast period (2024-2029).
The COVID-19 pandemic hindered the market because lockdowns, social distances, and trade sanctions caused significant disruptions to global supply chain networks. The construction industry has witnessed a decline due to the halt in activities. However, the condition recovered in 2021, which was expected to benefit the market during the forecast period.
The mineral wool market is partially consolidated in nature in terms of revenue. Some of the major players in the market include (not in any particular order) Rockwool International AS, Saint Gobain, Knauf Insulation, Owens Corning, and Johns Manville, among others.
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