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.
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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
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
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.
