Global acoustic insulation market insights, opportunity analysis, market shares and forecast 2017 20

Acoustic Insulation Market Global Market Trends, Analysis & Outlook 2017-2024

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Report Summary

• Global Acoustic insulation market is projected to grow at an approximate CAGR of 6.15% during the forecast period of 207172024. • Energy and cost efficiency, growing transportation, rising health concerns and stringent government regulations are the factors driving the acoustic insulation material demand in global market.

Market Insights • Acoustic insulation market is segmented on the basis of geography, end user, and type. The acoustic insulation type market is segmented into Stone Wool, Glass Wool, Polystyrene Foamed Plastic, Aerogel and Cellulose and Others types.

• The end-user market is segmented into Building & Construction, Transportation, Industrial and other users.

• The Building & Construction end-user market is segmented into Commercial building industry and residential building.

• The Transportation end-user market is segmented into Automotive, Marine and Aerospace industries. On the basis of geography, the acoustic insulation market is segmented into North America, Europe, Asia-Pacific and Rest of the world.

Market Insights • Improvements in the infrastructures of the buildings for acoustic insulation, upsurge in the health concerns and the stern environmental regulations are some of the dominant drivers for the market growth.

• The acceleration in the demand for acoustic insulation from the developing countries is the primary factor driving the acoustic insulation market.

• Due to Industrialization, noise pollution is a rising concern which is affecting people, acoustic insulation materials are used to decrease the ill effects of noise pollution.

• Glass wool and Stone wool Acoustic Insulations are used to block sound and absorb the echo in and around the industrial areas which are laterally driving the Acoustic Insulation market.

Competitive Insights The dominant players of the Acoustic Insulation market are Saint– Gobain S.A., Johns Manville INC., Fletcher Insulation, Knauf Insulation GmbH., Paroc Group, Kingspan Group plc, BASF SE, and Owens Corning.

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