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Acoustic Insulation Market 2018 Global Research & Top Manufacturers: Knauf Insulation, Owens Corning, Paroc, Armacell, Kingspan, and Fletcher
According to a new research report by Global Market Insights, Inc. Acoustic Insulation Market size is expected to reach USD 21.57 billion by 2025.EU, Eurasian Economic Union, and other CIS countries together make up Europe acoustic insulation market share of over 33% for 2015. Residential re-insulation is among the key contributor in this industry owing to huge untapped under-insulated houses are foreseen to re-insulate.
APAC, led by China acoustic insulation market size, is set to witness highest gains in transportation, of more than 8%. Strong developments in the automotive industry to offer soundproofing vehicles will drive this application.
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Polystyrene dominated the product landscape and could surpass USD 9 billion revenue by 2025. Dense structure and excellent moisture resistance are key properties fueling product demand.
Middle East construction applications generated over USD 225 million valuation in 2015. Dubai acoustic insulation adoption seems to be promising due to strong outlook on advanced construction structure and implementing green building regulations.
Green building regulations include fire safety, air quality, resource efficiency, and sound proofing. In 2014, these guidelines became law and have made them mandatory for new and refurbishment buildings.
Aerogel and cellulose insulation products is set to witness highest gains, growing at over 7%. Effective sound absorption properties, easy handling, and technological developments are potential features driving product demand.
Population growth coupled with high industrialization rate in emerging markets across Brazil, China, India, South Africa, Mexico, and Russia, has generated the necessity for better residential and industrial infrastructure. The availability of economical raw materials and government initiatives in the region are expected to drive global acoustic insulation market demand in residential and industrial buildings.
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North America, driven by U.S. acoustic insulation market size, generated over USD 3 billion business in 2015. Positive application outlook from private & commercial buildings and heavy engineering were the key factors fueling regional growth.
Rising consumer affordability among middle-class population in BRIC nations has driven a surge in sustainable building structures. Industrial sound insulation, gyms and workout centers, shipbuilding segments, control rooms, and cabinets hold potential opportunities for industry growth.
Russia industrial acoustic insulation market size is forecast to exceed USD 1.8 billion in valuation by 2025. Increasing pressure for government compliance pertaining to worker safety has triggered organizations to take measures to use insulation for pipes, valves and flanges.
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Stringent regulations from REACH to offset the use of toxic substances are expected to pose challenges to growth development. Other restraining factors identified including disposability issues and ill-effects pertaining to product exposure to the customer.
Global acoustic insulation market share is fairly consolidated in nature. In terms of revenue generation and geographic presence major industry players include, Kingspan, Rockwool International, Knauf Insulation, Paroc, Owens Corning, Armacell, and Fletcher. Other major companies with strong presence in domestic market are are Cellecta, Roxul, AIM, Twiga, Hush, TAP, Lloyd, K-Flex, SIDERISE, and AFICO.
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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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
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