Acoustic Insulation Market Analysis Report Forecasts Revenue And Volume Growth At Global, Regional And Country Levels 2014-2025
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.
Global acoustic insulation market revenue, by product, 2014 - 2025 (USD Million) |
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.
Full
Research Report On Global Acoustic Insulation Market Analysis:
http://www.grandviewresearch.com/industry-analysis/acoustic-insulation-market
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
View more
reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
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
- Residential
- Commercial
- Industrial
- Transportation
- Automotive
- Marine
- Aerospace
Global
Acoustic Insulation Regional Outlook (Volume, Kilo Tons; Revenue, USD Million,
2014 - 2025)
- North
America
- U.S.
- Europe
- Germany
- UK
- France
- Asia
Pacific
- China
- India
- Japan
- Middle
East and Africa
- Central
& South America
- Brazil
View press release of this research report by
Grand View Research:
http://www.grandviewresearch.com/press-release/global-acoustic-insulation-market
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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