Global Acoustic Insulation Market: Key Highlights
Global Acoustic Insulation Market: Key Market Dynamics
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Global Acoustic Insulation Market: Regional Overview
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 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 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 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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