ACOUSTIC INSULATION MARKET TO REACH USD 18.3 BILLION BY 2027 | CAGR 4.6% – FORENCIS RESEARCH

Acoustic Insulation Market - Global Industry Analysis and Forecast 2020 to 2027

Global Acoustic Insulation Market: Key Highlights

  • According to the new market research report Acoustic Insulation Market by Type (Mineral Wool, Foamed Plastics, Others) by End-User (Building & Construction, Industrial, Transportation), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) – Global Forecast (2020 to 2027)”, the global Acoustic Insulation market is estimated to reach USD 18.3 Billion by 2027 at a CAGR of around 4.6% during the review period.
  • Acoustic insulation is used to absorb or reduce the noise by using acoustic materials
  • Acoustic insulation material includes mineral wool, foam plastic and many other materials
  • Building & construction is the most promising end-use industry for acoustic insulation followed by the transportation industry

Acoustic Insulation Market

Global Acoustic Insulation Market: Key Market Dynamics

  • Acoustic insulation market is mainly influenced by the booming construction sector
  • The new residential and commercial construction, remodelling, and repair activity are increasing continuously which has led to an increase in the demand for acoustic insulation
  • Increasing noise pollution can cause health problems for human and wildlife, on land and in the sea. Growing health concern due to noise pollution has expected to spur the global acoustic insulation market.
  • The adoption of acoustic insulation material in transportation is expected to create a market opportunity for the acoustic insulation market during the forecast period
  • The construction industry accounted more than 50% of global acoustic insulation market. The European construction industry has slow down in last few years, which is likely to hamper the acoustic insulation market 

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Global Acoustic Insulation Market: Regional Overview

  • North America

The Acoustic Insulation market in the North American region is projected to witness high demand due to the increasing commercial infrastructure construction, repair of old construction, and economic recovery in the region. The US is the one of the largest construction markets across the globe. In 2018, the US private construction spending reached around USD 992 billion, and it is expected to reach USD 1.53 trillion by 2022.

  • Asia-Pacific

Asia-Pacific is expected to be the fastest growing region for the global acoustic insulation market. This growth can be attributed to rapid industrialization, flourishing construction and automotive industries in the region. China has prominent shares in the Asia-Pacific acoustic insulation market followed by India and Japan. The favourable government support for the construction industry has boosted the acoustic insulation market in this region.

Global Acoustic Insulation Market: Key Players Overview

  • ROCKWOOL International A/S.:

ROCKWOOL International A/S is one of the global leaders in the stone wool solution. The company’s offers building insulation, industrial and technical insulation for the process industry, marine and offshore, customized solutions for industrial applications, wall and facade systems, acoustic ceilings, horticultural substrate solutions, engineered fibres solutions, noise and vibration control. In February 2020, ROCKWOOL International A/S has announced to acquire Paroc’s acoustic ceilings business, which operates under the sub-brand of Parafon. Paroc is a subsidiary of Owens Corning.    

  • Saint-Gobain:

Saint-Gobain is engaged in the design, manufacture and distributes a variety of materials and solutions. The company’s products are found application in the buildings, transportation, infrastructure and in many industrial applications.

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Our robust research methodology is designed to constantly map the high growth markets in various industries. This facilitates enhanced decision-making capabilities to our clients. Our robust research methodology is designed to constantly map the high growth markets in various industries. This facilitates enhanced decision-making capabilities to our clients. We strive to help our clients to foray into uncharted space to attain increased revenue growth for the present as well as the future.

 

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Rep Id : CM 0109

Published : 2020-07-03

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