The market of mineral wool ceiling tiles for application in both residential and non-residential sectors reached $ 9.9 billion in 2019.
Mineral wool is expected to account for the largest market share during the forecast period.
Concrete fiber market is expected to grow with 9% CAGR from 2019 to 2025.
Global fiber reinforced plastic pipe market was valued at $ 2.1 billion in 2017 and is going to reach $ 3.52 billion by 2026.
Global composites market size is projected to grow at a CAGR of 7.7% between 2019 and 2024.
Globally, Continuous basalt fiber manufacturing is valued at around $100 million and expected to double in the coming decade.
Basalt fiber reinforced concrete market size is anticipated to expand on account of properties of the product, such as high damping and radio transparency.
The Global Mineral Wool market is expected to reach $19.55 billion by 2026 growing at a CAGR of 8.4%.
Global consulting agency Global Market Insights released a new research report on global basalt fiber market.
According to the researchers, global mineral wool insulation market is expected to reach $23.7 billion by 2023 with a CAGR of 3.8% from 2018 to 2023.