Press release
Acoustic Insulation Market Analysis by Materials and Application – Global Market worth USD 14.10 Billion by 2023
Acoustic Insulation Market
Acoustic insulation is used either for noise reduction or for noise absorption. The growing demand from the automotive sector, mainly to produce acoustically insulated luxury vehicles, is driving the demand of the market. However, high capital requirement for acoustic insulation in buildings, is a restraint that may hamper the growth of the market.
The Global Acoustic Insulation Market is projected to reach USD 14.10 Billion by 2023, at a CAGR of 5.6% during the forecast period.
Market Research Analysis
On the basis of regions, global acoustic insulation market is segmented as North America, Europe, Asia-Pacific, and Rest of the World (RoW). Asia-Pacific dominates global acoustic insulation market. Growing demand from construction and infrastructure sector is driving the demand of the market in Asia-Pacific region. The increasing disposable income among individuals along with changing life style is also fueling the growth of the market. Asia-Pacific region is expected to be the fastest growing market during the forecast period.
Europe is another major market for acoustic insulation. Building safety codes in countries such as U.K., Germany, and France are driving the demand of the market in the region. North America region contribute significantly in acoustic insulation market during the forecast period.
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Key Players:
The key players of acoustic insulation market are:
• ROCKWOOL International A/S (Denmark)
• Knauf Insulation GmbH (Germany)
• Saint-Gobain S.A. (France)
• Owens Corning Corporation (U.S.)
• Johns Manville Corporation (U.S.)
• BASF SE (Germany)
• Paroc Group Oy (Finland)
• Kingspan Group PLC (Ireland),
• Fletcher Insulation (Australia)
• Armacell GmbH (Germany)
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Scope of the Report
This study provides an overview of the global acoustic insulation market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global acoustic insulation market by its material, application and region.
By Material
• Stone wool
• Plastic foam
• Glass wool
• Cellulose aerogels
• Others
By Application
• Construction
• Transportation
• Industrial
• others
By Region
• North America
• Asia Pacific
• Europe
• Rest of the World
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact:
Akash Anand,
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: akash.anand@marketresearchfuture.com
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