Sellbyville, DE -- (SBWIRE) -- 11/02/2018 -- GMI presents a most up-to-date research on "Acoustic Insulation Market– Global Industry Analysis, Size, Share, By Product (Glass Wool, Rock Wool, Polystyrene), By Application (Construction, Industrial, Transport) Growth Potential, Trends Statistics, 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) and Forecast 2017 – 2024".

Growth in construction industry along with stringent noise pollution standards will drive the acoustic insulation market. Increasing health awareness among people coupled with rising preference for the employee comfort are the key factors fueling the industry demand.

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Improved living standard along with rising consumer consciousness pertaining to health concerns due to long-term noise exposure including illness and infuriation will propel the acoustic insulation market revenue. Inclination towards peaceful environment in residential constructions has enhanced the product penetration.

In recent years, commercial and residential spaces exposed to high noise levels can cause stress associated illness and even damage the hearing capabilities. Residential acoustic wadding helps in curbing over 25% of sound transfer rates by reducing sound pressures. Globally, consumers are protecting their buildings using aural insulation for reducing noise annoyance and negative health effects.

Increasing number of music studios, sound quality auditoriums and corporate workplaces will positively influence the product development. Rising demand for heating, cooling and auditory comfort particularly in middle-class population in developed as well as developing countries will propel the industry demand.

Low awareness along with high initial capital are the key restraining factors of the acoustic insulation market. Consumer perspective about product as luxury rather than a necessity may hamper the industry growth.

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Glass wool is estimated to value over USD 3 billion by 2024. High tensile strength, effective thermal & auditory properties, exceptional resilience along with lightweight properties have enhanced the product penetration. Glass wool is highly preferred in high temperature places ranging around 2500 C.

Transportation will observe growth over 6.3% up to 2024. Rising demand from automotive & aviation industry along with technological development to enhance sound proofing applications will fuel the acoustic insulation market. Increasing consumer preference for improved NVH levels along with extensive competition among auto manufacturers will support the product scope in transportation applications.

Construction industry was valued around USD 4 billion in 2015. Rising consumer income levels coupled with increased development activity has driven acoustic insulation market. Increased product usage in engine components for sound proofing applications will propel the industry growth in this region.

The U.S. acoustic insulation market is estimated to worth over USD 5 billion by 2024. Extensive R&D, rising non-residential construction, heavy engineering along with expansion in transportation industry will drive the industry demand.

Asia Pacific, led by China and Japan acoustic insulation market was valued over USD 2 billion in 2015. Increasing construction spending particularly in China along with rising product usage in commercial buildings for sound proofing applications will trigger the regional demand.

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Global acoustic insulation market is consolidated owing to presence of various international manufacturers. Some of the major players are Rockwool International, Saint-Gobain, Paroc Group, Owens Corning, Johns Manville, 3M Company, Knauf Gips, Trelleborg, Fletcher, Armacell, DuPont, BASF SE, Hutchinson, JCW, Union Foam, Dow Chemical, Insumate, Kingspan and STEICO.