Market Dynamics:
The mineral wool market is estimated to witness significant growth over the forecast period, owing to rising demand from construction sector. Rapid urbanization and growing population have boosted residential and commercial construction activities, especially in developing regions of Asia Pacific and Middle East & Africa. In addition, increasing consumer awareness regarding energy efficiency is also spurring the use of mineral wool as an insulation material. However, availability of substitutes such as glass wool and plastic foam at lower costs may hamper the market growth. Moreover, high transportation and production costs associated with mineral wool production pose a major challenge. Nonetheless, growing focus on green buildings and industrial infrastructure projects are likely to create lucrative opportunities for market players.

Key Takeaways
The Global Mineral Wool Market Size is expected to witness high growth, exhibiting CAGR of 6.6% over the forecast period, due to increasing demand for affordable and energy efficient insulation materials in residential and commercial construction.

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