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Growing demand from developing nations and rising health issues among people are the key factors fueling the growth of the acoustic insulation market.
The global acoustic insulation market is estimated at USD 11.34 billion in 2017 and is projected to grow to USD 15.01 billion by 2022, at a CAGR of 5.8% between 2017 and 2022. Growing demand from developing nations and acceptance and usage in various applications, are the key factors driving the demand for acoustic insulation. Rising health issues due to noise pollution may cause hearing loss, sleep disturbances, and risks of stress and heart disease. Rise in public spending on health, primarily by developing countries, will drive the acoustic insulation market. However, the lack of proper disposing and recycling techniques is the key challenge faced by the manufacturers of acoustic insulation.
The rock wool segment of the acoustic insulation market is expected to grow at the highest CAGR during the forecast period
Among various types of acoustic insulation, the rock woolbased acoustic insulation segment is expected to grow at the highest CAGR during the forecast period. As it is made from stone, it dampens vibration and traps sound waves. Rock wool materials have high compressive strength, acoustic and thermal resistance, water repellence, and can withstand temperatures up to 1000 C. Due to these qualities, rock wool is used for flat roofs, outer wall facades for direct rendering, sandwich panels, cavity walls, lofts, pitched roofs, floor, and even underneath rail tracks. It acts as an effective and natural sound barrier. Rock wool offer various advantages such as ease of installation and no maintenance.
The rising demand from various enduse industries is expected to drive the acoustic insulation market in the Asia Pacific region
Asia Pacific is expected to be the fastestgrowing market for acoustic insulation. Developing economies in the region, with their rapidly growing building construction industries, are expected to increase the demand for acoustic insulation in the region. In addition, rapid technological advancements in transportation industry and increasing disposable income are encouraging the use of acoustic insulation in the region. China, India, Japan, South Korea, and Australia are the key markets for acoustic insulation in Asia Pacific.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted.
The breakdown of primary interviews is given below:
By Company Type: Tier 1 48%, Tier 2 39%, and Others 13%
By Designation: Clevel 48%, Directorlevel 31%, and Others 21%
By Region: North America 12%, Europe 27%, Asia Pacific 37%, South America 8%, and the Middle East Africa 16%
Note 1: Others includes sales, marketing, and product managers.
Note 2: The tier of the companies is determined on the basis of revenues and the ownership of the companies.
Key companies profiled in this market research report are SaintGobain France, Rockwool International Denmark, Knauf Insulation Germany, Johns Manville Inc. US, Owens Corning US, Paroc Group Finland, Kingspan Group Ireland, Armacell International Germany, BASF SE Germany, and Fletcher Insulation Australia.
This report covers the acoustic insulation market, in terms of volume and value, and forecasts the market size till 2022. The report includes the market segmentation based on type glass wool, rock wool, foamed plastic, enduse industry building construction, transportation, manufacturing processing, and region Asia Pacific, Europe, North America, Middle East Africa, South America. The regions have been further segmented based on key countries into the US, Canada, Mexico, Germany, the UK, France, Spain, Italy, Russia, China, Australia, Japan, India, South Korea, Saudi Arabia, Brazil, and Argentina. The report also provides company profiles and competitive strategies adopted by the key players in the acoustic insulation market.
The report will help market leaders/new entrants in the global acoustic insulation market in the following ways:
1. This report segments the acoustic insulation market comprehensively and provides closest approximations of the revenue numbers for the overall market, and the subsegments across different verticals and regions.
2. It will help stakeholders understand the pulse of the market and provide them information on key market drivers, challenges, and opportunities.
3. It will help stakeholders understand competitors and gain more insights to improve their position in the business. The competitive landscape section includes new product launches, expansions, and agreements.
Original Article: Acoustic Insulation Market by Type Glass Wool, Rock Wool, Foamed Plastics, EndUse Industry Building Construction, Transportation, Manufacturing Processing, and Region Asia Pacific, Europe, North America Global Forecast to 2022 [Report Updated: 16102017NEXT ARTICLE
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