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Acoustic Insulation Market 2024- Market drivers, Growth Rate, Risks, Opportunities, Import/Export, Manufacturers

04-12-2019 03:13 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: PS Intelligence

Acoustic Insulation Market 2024- Market drivers, Growth Rate,

Acoustic insulation is a process of reducing noise pollution by coating the equipment with a layer of insulation. The reduction of sound can be in public places, in industries, in vehicles and in closed spaces such as buildings. There are various methods to reduce sound pollution such as increasing the distance between the source and the receptor or using barriers such as sound baffles. In this report, the acoustic insulation market is segmented on the basis of type, end user, and region.

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On the basis of end user, the acoustic insulation market can be bifurcated as building & construction, transportation, and manufacturing & processing. Among these, the building & construction is anticipated to hold a maximum share in the market, owing to rise in population and urbanization in countries such as India and China. Additionally, there is rise in number of industries in these countries owing to development which has increased the growth of acoustic insulation market. Apart from these, the transportation segment is also likely to grow owing to rapid rise in the sale of automobiles in developing nations.

On the basis of type, the acoustic insulation market can be categorized into glass wool, rock wool, and foamed plastics. Among these, the rock wool segment is anticipated to register the maximum growth, owing to its superior properties such as, excellent sound absorption, fire resistance, moisture and water repellant, high density, and heat insulation properties. Furthermore, rock wool is unaffected by temperatures up to 1000°C and can slow the pace of fire. Also, it allows moisture to seep through the walls which in turn can reduces the chances of damp. Additionally, they are manufactured easily in various thickness and densities as required by the consumer.

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The main drivers of the acoustic insulation market are awareness of people regarding health issues due to noise pollution, stringent rules by governments of European countries and the U.S., industrial growth, and increase in automobiles. The growth in industries such as the oil & gas which require heavy equipments such as blowers, columns, and generators also drive the acoustic insulation market. Additionally, increase in number of automobiles have also contributed to the growth of this industry owing to the comfort they provide to both the persons inside and outside the vehicle.

Some of the major companies operating in the global acoustic insulation market are Knauf Insulation, Saint-Gobain, ROCKWOOL International A/S, Owens Corning, Autex Group, Armacell, BASF SE, Fletcher Building Limited, Primacoustic, and Sichuan ZISEN Acoustics Technology Co. Ltd.

The study provides the historical as well the forecast market size data for various countries, including the U.S., Canada, France, Germany, the U.K., Italy, Spain, Japan, China, India, Brazil, Saudi Arabia, and South Africa.

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

P&S Intelligence
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