Press release
Acoustic Insulation Market 2024 Key Players Knauf Insulation, Owens Corning, Paroc Group , Armacell International Holding GmbH
Growth in construction industry along with stringent noise pollution standards will drive the acoustic insulation market. Increasing health awareness among people coupled with rising preference for the employee comfort are the key factors fueling the industry demand.Improved living standard along with rising consumer consciousness pertaining to health concerns due to long-term noise exposure including illness and infuriation will propel the acoustic insulation market revenue. Inclination towards peaceful environment in residential constructions has enhanced the product penetration.
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In recent years, commercial and residential spaces exposed to high noise levels can cause stress associated illness and even damage the hearing capabilities. Residential acoustic wadding helps in curbing over 25% of sound transfer rates by reducing sound pressures. Globally, consumers are protecting their buildings using aural insulation for reducing noise annoyance and negative health effects.
Increasing number of music studios, sound quality auditoriums and corporate workplaces will positively influence the product development. Rising demand for heating, cooling and auditory comfort particularly in middle-class population in developed as well as developing countries will propel the industry demand.
Low awareness along with high initial capital are the key restraining factors of the acoustic insulation market. Consumer perspective about product as luxury rather than a necessity may hamper the industry growth.
Glass wool is estimated to value over USD 3 billion by 2024. High tensile strength, effective thermal & auditory properties, exceptional resilience along with lightweight properties have enhanced the product penetration. Glass wool is highly preferred in high temperature places ranging around 2500 C.
Transportation will observe growth over 6.3% up to 2024. Rising demand from automotive & aviation industry along with technological development to enhance sound proofing applications will fuel the acoustic insulation market. Increasing consumer preference for improved NVH levels along with extensive competition among auto manufacturers will support the product scope in transportation applications.
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Construction industry was valued around USD 4 billion in 2015. Rising consumer income levels coupled with increased development activity has driven acoustic insulation market. Increased product usage in engine components for sound proofing applications will propel the industry growth in this region.
The U.S. acoustic insulation market is estimated to worth over USD 5 billion by 2024. Extensive R&D, rising non-residential construction, heavy engineering along with expansion in transportation industry will drive the industry demand.
Asia Pacific, led by China and Japan acoustic insulation market was valued over USD 2 billion in 2015. Increasing construction spending particularly in China along with rising product usage in commercial buildings for sound proofing applications will trigger the regional demand.
Europe, Eurasian Union and other CIS countries together accounted for 33.6% of the Europe acoustic insulation market. Strong regulatory support in the region for is expected to be a critical factor for fueling industry demand. Regulations associated with noise control will support the industry development.
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Global acoustic insulation market is consolidated owing to presence of various international manufacturers. Some of the major players are Rockwool International, Saint-Gobain, Paroc Group, Owens Corning, Johns Manville, 3M Company, Knauf Gips, Trelleborg, Fletcher, Armacell, DuPont, BASF SE, Hutchinson, JCW, Union Foam, Dow Chemical, Insumate, Kingspan and STEICO.
Chapter 2 Executive Summary
2.1 Acoustic Insulation industry 3600 synopsis, 2013 - 2025
2.1.1 Business trends
2.1.2 Regional trends
2.1.2 Product trends
2.1.3 Application trends
Chapter 3 Acoustic Insulation Industry Insights
3.1. Industry segmentation
3.2. Industry Size and forecast, 2013 - 2025
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distribution channel analysis
3.4. Industry Impact forces
3.4.1. Growth drivers
3.4.2. Industry pitfalls & challenges
3.5. Growth potential analysis
3.5.1. Buying criteria
3.6. Regulatory landscape
3.6.1. U.S.
3.6.2. Europe
3.6.3. China
3.7. Raw material trends
3.8. Porter’s analysis
3.9. Competitive landscape, 2015
3.10. PESTEL analysis
Chapter 4 Acoustic Insulation Market Product Insights
4.1. Acoustic Insulation Market share by product, 2015 & 2025
4.2. Glass wool
4.3. Rock wool
4.4. Polystyrene
4.5. Others (cellulose & aerogel)
Chapter 5 Acoustic Insulation Market Application Insights
5.1. Acoustic insulation Market share by application, 2015 & 2025
5.2. Construction
5.3. Industrial
5.4. Transportation
About Global Market Insights
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.
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Global Market Insights, Inc.
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