Acoustic Insulation Market Industry Insights with Upcoming Business Opportunities To 2022

The global acoustic insulation market was valued at $9,878 million in 2015. Acoustic insulation is a soundproofing technique that prevents or minimizes sound from entering or exiting an enclosed space by creating a barrier between the interior and exterior areas. It reduces the sound emitted from structures of a room as well as acoustic reverberation. Acoustic designing is one of the most complex facets of architecture and construction used to develop insulation systems to achieve proper acoustic quality of the buildings.

Factors that drive the global market for acoustic insulation are the increase in health concerns towards noise pollution, stringent noise pollution standards, rise in construction industry, and energy efficiency advantages provided by insulation materials. However, the market growth is restrained by low awareness on the importance of acoustics in emerging countries and slowdown of construction industry in Europe.

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The global market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Europe was the most dominant market in 2015, and is expected to continue this trend throughout the forecast period due to the regions strict building regulations and large transportation market. The fastest growing regional market for acoustic insulation industry is LAMEA, mainly driven by the construction industry in Middle East and Africa, which has witnessed substantial growth in the past few years and is expected to continue this trend.

The key players in the acoustic insulation market focus on expanding their business operations in emerging countries and adopt expansion and acquisitions as their primary growth strategies. Key players in the acoustic insulation market include Saint-Gobain SA, Johns Manville, Rockwool International A/S, Owens Corning, Fletcher Insulation, Knauf Gips KG, Trelleborg AB, Paroc Group, Armacell GmbH, and BASF SE.

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Acoustic Insulation Market Key Findings:

In the year 2015, plastic foam led the overall market revenue, and is projected to grow at a CAGR of 5.4% during the forecast period

The stone wool material segment is expected to grow at a significant CAGR of 6.7%, as it provides higher efficiency in reducing sound, excellent thermal insulation, easy installation, and superior fire resistance.

Transportation end-user segment is expected to grow at a CAGR of 7%.

Europe is the most dominant regional market, accounting for around 35% of the global acoustic insulation market in 2015.

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