The global acoustic insulation market is expected to reach USD 16.55 billion in 2025, according to a new report by Grand View Research, Inc. Increasing standard of living, awareness regarding the effect of noise pollution on human health and stringent regulations have been driving the global acoustic insulation market so far.
Market growth will
probably be driven by consumer needs and initiatives, while favorable
regulations are also expected to play a crucial role in shaping the industry.
Technological advancements in construction, industrial processing, and
transportation industries will play a significant role in acoustic insulation
market growth over the forecast period.
Increasing competition
in automotive manufacturers to produce acoustically insulated luxury vehicles
has taken the game far ahead. Aerospace and marine industries have been trying
to isolate occupants from airborne and impact noises. Consumer demand for
quieter and insulated cabins in vehicles and airplanes will probably help the
segment growth over the forecast period.
Building &
Construction has traditionally been using sound insulating materials to
maintain a peaceful environment for the occupants. Penetration in the sector is
primarily driven by regulatory mandates to control noise transmission level,
especially in the U.S. and Europe. However, sluggish construction industry
growth in Europe has inhibited the market growth in the past and the impact is
expected to be seen over the forecast period as well.
Asia Pacific is the
dominant market, and the demand has been driven by growing construction as well
as transportation sectors. Europe closely follows Asia Pacific to be the second
largest market for acoustic insulation products. Regional demand is driven by
stringent regulations regarding the airborne, appliance and impact noise. Apart
from regulations on noise at source, EU regulates noise transmission levels
inside dwellings as well.
Browse full report by Grand View
Research : http://www.grandviewresearch.com/industry-analysis/acoustic-insulation-market
Further key findings from the report suggest:
·
Rock wool emerged as the leading product
segment with demand share exceeding 40% in 2015. Higher sound insulation,
environment-friendly nature, and low prices have been responsible for the
market penetration.
·
Foamed plastic is expected to be the
fastest growing product segment with revenue growth of 6.2% from 2016 to 2025.
Better acoustic properties, ease of installation in addition to the dual
benefits of acoustic as well as thermal insulation offered are expected to
trigger the product demand.
·
Building & construction dominates the
market with a volume share exceeding 55% in 2015. Regulations and consumer
demand mainly drive segment penetration.
·
Asia Pacific acoustic insulation demand
expected to grow at an estimated CAGR of 6.2% from 2016 to 2025. Growing
transportation as well as construction sectors in the region will probably
trigger the market growth.
·
Expansion and acquisition to emerge as the
critical factor for expanding the regional presence. Key companies operating
the market include Rockwool International, Saint-Gobain, Knauf Insulation,
BASF, Owen Corning Corporation, Johns Manville and Kingpan Group
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
Grand View Research has
segmented the global acoustic Insulation market on the basis of product, end
use and region:
Global Acoustic Insulation Product Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2014 - 2025)
·
Glass wool
·
Rock wool
·
Foamed Plastic
·
Others
Global Acoustic Insulation End-Use Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2014 - 2025)
·
Building & Construction
o Residential
o Commercial
·
Industrial
·
Transportation
o Automotive
o Marine
o Aerospace
Global Acoustic Insulation Regional Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2014 - 2025)
·
North America
o U.S.
·
Europe
o Germany
o UK
o France
·
Asia Pacific
o China
o India
o Japan
·
Middle East and Africa
·
Central & South America
o Brazil
View Press Release of this research
report by Grand View Research: http://www.grandviewresearch.com/press-release/global-acoustic-insulation-market
About Grand View Research
Grand View
Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More Information: www.grandviewresearch.com
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