Global Market Insights, Inc.

Acoustic Insulation Market Will Growth at 6% CAGR Up to 2024 with Major Key Players Are Kingspan, Rockwool International, Knauf Insulation, Paroc, Owens Corning, Armacell

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.

 

Sellbyville, DE -- (SBWIRE) -- 12/07/2018 -- The qualitative research study conducted by Global Market Insights, Inc. titled "Acoustic Insulation Market" provides primary Data, surveys, Scope of the Product and vendor briefings. The market dynamic forces have been determined after conducting a detailed study of the Acoustic Insulation Market.

Rising consumer affordability among middle-class population in BRIC nations has driven a surge in sustainable building structures. Industrial sound insulation, gyms and workout centers, shipbuilding segments, control rooms, and cabinets hold potenti al opportunities for industry growth.

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Russia industrial acoustic insulation market size is forecast to exceed USD 1.8 billion in valuation by 2025. Increasing pressure for government compliance pertaining to worker safety has triggered organizations to take measures to use insulation for pipes, valves and flanges.

Stringent regulations from REACH to offset the use of toxic substances are expected to pose challenges to growth development. Other restraining factors identified including disposability issues and ill-effects pertaining to product exposure to the customer.

North America, driven by U.S. acoustic insulation market size, generated over USD 3 billion business in 2015. Positive application outlook from private & commercial buildings and heavy engineering were the key factors fueling regional growth.

EU, Eurasian Economic Union, and other CIS countries together make up Europe acoustic insulation market share of over 33% for 2015. Residential re-insulation is among the key contributor in this industry owing to huge untapped under-insulated houses are foreseen to re-insulate.

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APAC, led by China acoustic insulation market size, is set to witness highest gains in transportation, of more than 8%. Strong developments in the automotive industry to offer soundproofing vehicles will drive this application.

Polystyrene dominated the product landscape and could surpass USD 9 billion revenue by 2025. Dense structure and excellent moisture resistance are key properties fueling product demand.

Middle East construction applications generated over USD 225 million valuation in 2015. Dubai acoustic insulation adoption seems to be promising due to strong outlook on advanced construction structure and implementing green building regulations.

Green building regulations include fire safety, air quality, resource efficiency, and sound proofing. In 2014, these guidelines became law and have made them mandatory for new and refurbishment buildings.

Aerogel and cellulose insulation products is set to witness highest gains, growing at over 7%. Effective sound absorption properties, easy handling, and technological developments are potential features driving product demand.

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Global acoustic insulation market share is fairly consolidated in nature. In terms of revenue generation and geographic presence major industry players include, Kingspan, Rockwool International, Knauf Insulation, Paroc, Owens Corning, Armacell, and Fletcher. Other major companies with strong presence in domestic market are are Cellecta, Roxul, AIM, Twiga, Hush, TAP, Lloyd, K-Flex, SIDERISE, and AFICO.