According to a new market report published by Lucintel, the future of the mineral wool insulation market looks promising with opportunities in the residential & non-residential construction, industrial, HVAC, and appliance markets. The global mineral wool insulation market is expected to reach an estimated $23.7 billion by 2023 with a CAGR of 3.8% from 2018 to 2023. The major growth drivers for this market are increasing construction activities, stringent global government regulations and building codes for energy efficiency & fire safety.
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