According to Cognitive Market Research, The Global Rock Wool market size is USD 13.2 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 3.20% from 2023 to 2030.
The demand for rock wool is increasing due to increased construction activities and the rising demand for insulating materials.
The thermal insulation market's demand for rock wool remains high because it helps preserve structural components by reducing the effects of temperature fluctuations.
The construction category held the highest rock wool market revenue share in 2023.
Asia-Pacific rock wool will continue to lead, whereas the Middle East and Africa rock wool market will experience the most substantial growth until 2030.
