The global Acoustic Insulation Market share report provides numbers for applications and regional segments of the industry covering historical as well as forecast data for decision makers.
Global Acoustic Insulation Market Rising awareness regarding noise pollution and its harmful effects is likely to stimulate acoustic insulation market, which is projected to exceed a revenue of USD 20 billion by 2025. Surging demand for efficient sound proofing across various industries coupled with stringent government norms regarding sustainable infrastructural development are also a couple of key growth drivers that will stimulate the industry growth. As per the report by Global Market Insights, Inc., “Acoustic insulation market will register an annual growth rate of more than 6% over the coming years of 2016 to 2025.”
In terms of applications, Acoustic insulation market encompasses the transport, industrial, and construction sectors. Transportation application will exhibit a considerable growth rate over the coming eight years, stimulated by the increasing number of noise generating modes of transport such as railways, airways, and roads. Shifting trends toward sound proofing across the automotive sector will also augment the industry growth. The construction application segment was worth USD 4 billion in 2015 and will register noticeable growth over the coming years of 2016 to 2025. High rate of urbanization and the rising per capita income will impel acoustic insulation market growth significantly.
Reasons to Buy This Report:
1. Acoustic Insulation Market size & share forecast by product & application 2016-2025
2. Growth drivers, pitfalls & industry challenges
3. Key Acoustic Insulation Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
The differentiating factor of Acoustic Insulation Market report by Global Market Insights, Inc. when compared with other, similar syndicated research studies includes a 360-degree synopsis of trends for a period of more than 10 years including historic information as well as future outlook.
Rock wool, glass wool, and polystyrene are the various products of acoustic insulation industry. Polystyrene products are highly preferred for sound proofing owing to reduced operational costs and the fact that they require minimal installation tools. In consequence, polystyrene acoustic insulation market is predicted to surpass a revenue collection of USD 9 billion by 2025. Glass wool product segment collected a revenue of more than USD 3 billion in 2015 and will record significant growth rate over the coming years of 2016 to 2025. This growth can be attributed to high tensile strength, light weight, exceptional resilience, and effective thermal & acoustic characteristics of the product
U.S. acoustic insulation industry will generate a revenue of more than USD 5 billion by 2025, primarily fueled by the surging demand across the commercial construction industry.
APAC, led by China acoustic insulation market size was valued at over USD 2 billion in 2015. China construction sector revealed a shift from government financed programmed towards privately funded industrial and commercial projects. Rising focus on fire safety and sound proofing in high-rise buildings has fueled product demand.
EU, Eurasian Union, and other CIS countries account for 33.6% which integrates to the overall Europe acoustic insulation market share. Residential re-insulation is a major contributor to the regional industry as a large number of under-insulated houses are expected to re-insulate in order to reduce disturbance reception created from the outside noise emissions.
North America, driven by U.S. is foreseen to be worth over USD 5 billion by 2025. U.S. total non-residential construction spending increased by approximately 8.8% in 2015. Strong outlook came from heavy engineering and from the industrial and private commercial sectors.
The Middle East construction industry has also observed a positive outlook on the acoustic insulation adoption. Dubai is among the major contributor due to its extensive approach in advanced construction structures. Green regulations governing air quality, fire safety, acoustic comfort and resource efficiency have been mandatory for new public buildings since 2010. In 2014, these guidelines have become the laws for every new building and refurbishment. The region expects significant growth over the forecast period due to growing regulatory norms pertaining to soundproofing.
Global acoustic insulation market share is moderately consolidated with Rockwool International, Knauf Insulation, Owens Corning, Paroc, Armacell, Kingspan, and Fletcher being the major industry players in terms of geographic presence and revenue generation. Other key industry participants include BASF, Cellecta, AIM, Roxul, Twiga, TAP, Hush, Lloyd, SIDERISE, K-Flex, and AFICO.
Regional expansion in terms of manufacturing unit set ups and acquisitions are key strategies being adopted by the companies. For instance, In September 2014, Knauf Insulation officially opened its foremost manufacturing site in Turkey with an annual mineral wool production capacity of 45,000 tons.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
Connect with us: Google+ | LinkedIn | Twitter | Facebook
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.