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The acoustic insulation market demand is significantly driven by strong growth in the construction sector particularly in developing countries of Asia Pacific and Latin America owing to a rise in private & government spending.The global acoustic insulation market size is estimated to surpass USD 17 billion by 2025, with projected CAGR of over 4.5% during 2019 to 2025. Increasing consumer expenditure along with favorable new housing schemes in both developed and developing countries along with rising standard of living coupled with the upsurge in the utilization of online sales channels for distribution will augment the acoustic insulation market growth up to 2025.
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Asia Pacific is expected to be the fastest growing acoustic insulation market registering a CAGR over 5.5% from 2018 to 2025. Rapid urbanization with the introduction of projects by the government in tier-I and tier-II regions particularly in the Asia Pacific is likely to drive construction chemicals demand. Following the recent focus on fire safety in high-rise buildings in countries including China and Japan the demand for non-combustible stone wool products is expected to witness substantial growth in the region.
The Europe acoustic insulation market will witness notable growth owing to rising IoT and smart infrastructure. Stringent regulatory guidelines regarding the inclusion of sound reducing materials in new infrastructural products will propel the regional growth over the projected timeframe. For instance, the UK Building Bulletin 93 directive regulates minimum acoustic performance standards for school buildings construction. Manufacturers need to comply with the changing government norms, thus investing significantly in research &development of new products with enhanced features.
Fiberglass/Glass Wool segment will witness CAGR at over 5% in terms of revenue up to 2025. Significant sound absorption properties achieved through minor air or gas pockets provide a positive outlook for the product demand. In addition, major features such as corrosion-resistance and high resistance to the extreme temperatures will further propel the segment industry growth. Robust growth in building construction spending coupled with stringent building regulations with a major emphasis on sustainability and efficient energy usage will promulgate the segment growth in the industry.
Transportation segment dominated the industry share and accounted for over 25% of the overall demand in 2018. Increasing usage of the product in automotive vehicles, railways and airports areas will result in increase in the product demand. Growing demands for vehicles with low engine noise have enabled manufacturers to develop vehicles with increased automotive soundproofing, thus leading to the increasing use of acoustic products in vehicles.
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The global acoustic insulation market is moderately fragmented with multiple global and regional manufacturers. The key industry players include Rockwool International, Knauf Insulation, Owens Corning, BASF, Kingspan, John Manville, and Armacell International. The key strategies observed in the industry are product innovations, strategic acquisitions & collaborations, and geographic expansions to gain market share.
Browse key industry insights spread across 320 pages with 406 market data tables & 15 charts & figures from the report, “Acoustic Insulation Market Size By Product (Fiberglass/Glass Wool, Mineral Wool, Plastic Foam [EPS, XPS]), By Application (Building & Construction, Industrial, Transportation), Industry Analysis Report, Regional Outlook (U.S, Canada, Germany, UK, France, Italy, Russia, Netherlands, Spain , Belgium , Sweden , China, India, Japan, Australia, Malaysia, Indonesia, Thailand, South Korea, Vietnam, New Zealand, Brazil, Argentina, Mexico, South Africa, UAE, Saudi Arabia), Application Potential, Price Trend, Competitive Market Share & Forecast, 2018 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/acoustic-insulation-market
Partial Table of Contents (ToC) of the report:
Chapter 4 Acoustic Insulation Market, By Product
4.1 Global acoustic insulation market share by product, 2018 & 2025
4.2 Fiberglass/glass wool
4.2.1 Market estimates and forecast from fiberglass/glass wool, 2013 – 2025, (Million square meters) (USD Million)
4.2.2 Market estimates and forecast from fiberglass/glass wool, by region, 2013 – 2025, (Million square meters) (USD Million)
4.3 Mineral wool
4.3.1 Market estimates and forecast from mineral wool, 2013 – 2025, (Million square meters) (USD Million)
4.3.2 Market estimates and forecast from mineral wool, by region, 2013 – 2025, (Million square meters) (USD Million)
4.4 Plastic foam
4.4.1 Market estimates and forecast from plastic foam, 2013 – 2025, (Million square meters) (USD Million)
4.4.2 Market estimates and forecast from plastic foam, by region, 2013 – 2025, (Million square meters) (USD Million)
4.4.3 EPS
4.4.3.1 Market estimates and forecast from EPS, 2013 – 2025, (Million square meters) (USD Million)
4.4.3.2 Market estimates and forecast from EPS, by region, 2013 – 2025, (Million square meters) (USD Million)
4.4.4 XPS
4.4.4.1Market estimates and forecast from XPS, 2013 – 2025, (Million square meters) (USD Million)
4.4.4.2 Market estimates and forecast from XPS, by region, 2013 – 2025, (Million square meters) (USD Million)
4.4.5 Others
4.4.5.1 Market estimates and forecast from other plastic foams, 2013 – 2025, (Million square meters) (USD Million)
4.4.5.2 Market estimates and forecast from other plastic foam, by region, 2013 – 2025, (Million square meters) (USD Million)
4.5 Others
4.5.1 Market estimates and forecast from others, 2013 – 2025, (Million square meters) (USD Million)
4.5.2 Market estimates and forecast from others, by region, 2013 – 2025, (Million square meters) (USD Million)
Chapter 5 Acoustic Insulation Market, By Application
5.1 Global acoustic insulation market share by application, 2018 & 2025
5.2 Building & construction
5.2.1 Market estimates and forecast from building & construction, 2013 – 2025, (Million square meters) (USD Million)
5.2.2 Market estimates and forecast from building & construction, by region, 2013 – 2025, (Million square meters) (USD Million)
5.3 Industrial
5.3.1 Market estimates and forecast from industrial, 2013 – 2025, (Million square meters) (USD Million)
5.3.2 Market estimates and forecast from industrial, by region, 2013 – 2025, (Million square meters) (USD Million)
5.4 Transportation
5.4.1 Market estimates and forecast from transportation, 2013 – 2025, (Million square meters) (USD Million)
5.4.2 Market estimates and forecast from transportation, by region, 2013 – 2025, (Million square meters) (USD Million)
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/acoustic-insulation-market
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