Press release
The Acoustic Insulation Market Composites growth outlook with industry review and forecasts
Growing popularity of music studios, gyms & workout centers, sound insulation materials, and sound quality auditoriums are predicted to propel global acoustic insulation market growth over the coming years. According to the Harvard School of Public health, over 47 million houses in U.S. were under-insulated in 2015 and these figures display a strong future growth prospective for the insulation industry in U.S. Moreover, increase in noise pollution due to lifestyle changes of the consumers along with legislations supporting sustainable infrastructure are expected to stimulate the demand for acoustic insulation in residential and commercial sectorsGlobal Market Insights has a new study based report titled " Acoustic Insulation Market Size By Product (Glass Wool, Rock Wool, Polystyrene), By Application (Construction, Industrial, Transport), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Russia, Belarus, Ukraine, China, India, Japan, South Korea, Malaysia, Indonesia, Thailand, Brazil, Argentina, Mexico, Saudi Arabia, UAE, Turkey, South Africa, Tanzania, Nigeria), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2025".
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The report offers all-inclusive analysis of:
1 Market structure
2 Factors restraining market growth
3 Market growth drivers
4 Opportunities and challenges
5 Market estimations and forecast for projected period
Expansion in sustainable infrastructure, owing to increasing purchasing capacity of the middle income-groups, particularly in BRIC countries, is expected to drive the acoustic insulation industry size over the coming years. Manufacturing, oil platforms, electronics, and construction are other vital sectors promoting acoustic insulation demand to curb noise pollution levels.
The Acoustic Insulation Market Report Consists of,
1. Methodology and Scope
2. Executive Summary
3. Acoustic Insulation Market Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2016 - 2024
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
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3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends
4. Acoustic Insulation Market Product Insights
Glass wool acoustic insulation market size was over USD 3 billion in 2015, the product is one of the most widely used insulations forms owing to its effective acoustic and thermal properties, high tensile strength, exceptional resilience, and light weight are major properties driving product demand. Glass wool is majorly preferred in places with service temperatures ranging up to 250C.
Polystyrene is the largely used sound proofing material owing to its economic cost and requires minimal installation tools. The product would exceed USD 9 billion valuation by 2025. Extruded Polystyrene (XPS) offers excellent moisture resistance and dense structure. On contrary EPS will soak up moisture, which may cause a degradation in the R value, which can be handled by a vapor barrier.
5. Acoustic Insulation Market Application Insights
Construction was the largest application and generated over USD 4 billion business in 2015. Rising income levels have driven the middle-class population growth in BRIC nations. With more population being attributed to middle-class income levels, a surge in urbanization has been witnessed in these markets. Residential acoustic insulation market helps in curbing around 25% of the regular sound transfer rates through the reduction in sound pressures with respect to specified sound receptors and source.
Transportation applications would observe over 6.3% growth, railways, roads, and airports are major transportation noise sources which commonly effects development land for schools, houses, and hospitals. Increased developments in the automotive industry for soundproofing should drive product demand.
6. Acoustic Insulation Market Regional Insights
Asia Pacific acoustic insulation market worth USD 2 billion in 2015, is predicted to witness a significant growth over 2016-2025 owing to the rising demand for soundproofing vehicles across the automotive sector. Growing focus on soundproofing and fire safety in high-rise infrastructure have boosted the demand for acoustic insulation products.
Construction industry will also play a vital role in APAC acoustic insulation market growth. Construction sector in Asia Pacific accounted for nearly USD 3.5 trillion in 2015. China dominated the Asia Pacific construction market in 2015 by contributing over USD 1.7 trillion to the overall revenue. China is predicted to be the key revenue pocket of APAC acoustic insulation market over the coming years. India and Indonesia will also significantly contribute towards the regional share.
North America market is expected to reach USD 5 billion by 2025 due to strong demand for acoustic insulation products across construction, engineering, industrial, and commercial sectors. U.S. is predicted to contribute significantly towards the overall market revenue of the region.
Europe acoustic insulation market is predicted to witness a high surge over the 2016-2025. Re-insulation of large amount of under-insulated homes in Europe to check noise emission is a major factor predicted to contribute towards the overall revenue of the region.
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7. Competitor Profiles
Enhancement of brand visibility, geographic expansion, strategic collaborations, and product portfolio improvement will be some of the major growth strategies adopted by the industry participants over the coming years. Key market players include Armacell, Rockwool International Company, Cellecta, SIDERISE, Owens Corning Company, AFICO, Knauf Insulation Company, Paroc, Kingspan Group, and Fletcher.
About Global Market Insights, Inc.:
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: www.gminsights.com/
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