Mushroom Materials Industry to Reach USD 8.97 Billion by 2034, 5.80% CAGR Forecast
The mushroom material market has been noticing momentous growth in current years, with a cast CAGR of 5.80% from 2024 to 2034. In 2024, the market was valued at USD 5,105.4 million, which is foreseen to reach USD 8,972 million by 2034. This growth can be attributed to the increasing awareness among consumers regarding the environmental impact of their purchases. As a result, they are turning towards sustainable alternatives like mushroom-based materials.
The unique benefits of insulating panels made from mushroom material, such as excellent thermal insulation, fire resistance, and sound absorption, make them a compelling choice for various industries. Their lightweight nature and energy-efficient properties have also contributed to their growing popularity among manufacturers. Mushroom material-based insulating panels, with their eco-friendliness and sustainability, are making a significant impact on construction projects.
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