Acoustic Insulation Market Its Competitive Analysis Between 2019 – 2025
According to a new research report by Global Market
Insights, Inc. Acoustic Insulation Market size is estimated to surpass USD 17
billion by 2025. Surging concerns for employee comfort levels owing to a demand
rise for noise-free environments in the commercial buildings will provide a
positive scope for industry expansion.
Rapid
industrialization & increasing construction spending in the developing
economies such as Malaysia, India, Mexico, Saudi Arabia, UAE, and Brazil will
further support the industry expansion. Factors such as stringent building
codes, recovery in building & construction expenditure, and the requirement
for energy efficient buildings with sound dampening will augment the acoustic
insulation demand up to 2025.
Stringent regulatory policies & norms
pertaining to a substantial reduction in atmospheric greenhouse gas emission
levels will provide a positive scope for industry expansion. Increasing
consumer expenditure along with favorable new housing schemes in both developed
and developing countries will drive the overall acoustic insulation industry
growth. Also, rising standard of living coupled with the upsurge in the
utilization of online sales channels for distribution will augment the acoustic
insulation market up to 2025.
Significant R&D
investments made by industry participants owing to continuous innovations and
technological advancements within the industry will provide a strong business
outlook. For instance, the R&D expense of Recticel Insulation increased
from USD 15.35 million in 2016 to USD 16.34 million in 2017. Rapid growth of
the transportation sector owing to rising consumer demands for sound-proof
vehicles and comfortable driving experience will further boost the product
demand up to 2025.
Browse Complete Summary of this report @
https://www.gminsights.com/industry-analysis/acoustic-insulation-market
https://www.gminsights.com/industry-analysis/acoustic-insulation-market
Fiberglass/Glass Wool segment will witness CAGR at over 5% in
terms of revenue up to 2025. Significant sound absorption properties achieved
through minor air or gas pockets provide a positive outlook for the product
demand. In addition, major features such as corrosion-resistance and high
resistance to the extreme temperatures will further propel the segment industry
growth. Robust growth in building construction spending coupled with stringent
building regulations with a major emphasis on sustainability and efficient
energy usage will promulgate the segment growth in the industry.
Transportation segment dominated the industry share and
accounted for over 25% of the overall demand in 2018. Increasing usage of the
product in automotive vehicles, railways and airports areas will result in
increase in the product demand. Growing demands for vehicles with low engine
noise have enabled manufacturers to develop vehicles with increased automotive
soundproofing, thus leading to the increasing use of acoustic products in
vehicles.
Asia Pacific is expected to be the fastest growing acoustic insulation
market registering a CAGR over 5.5% from 2018 to 2025. Rapid urbanization with
the introduction of projects by the government in tier-I and tier-II regions
particularly in the Asia Pacific is likely to drive construction chemicals
demand. Following the recent focus on fire safety in high-rise buildings in
countries including China and Japan the demand for non-combustible stone wool
products is expected to witness substantial growth in the region.
BASF, Recticel, Knauf Insulation, Rockwool International A/S, Kingspan
Group, K-FLEX, Armacell International S.A., Owens Corning Corp., and Siderise
are among major acoustic insulation manufacturers. Global industry share is
fragmented with the presence of large manufacturers and regional players. The
manufacturers are involved in mergers & acquisitions, production capacity
expansions, new product launches to gain competitive share. For instance, in
February 2018, Owens Corning announced the acquisition of Paroc Group, a
European mineral wool production company to expand the product portfolio of the
company.
About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in
Delaware, U.S., is a global market research and consulting service provider;
offering syndicated and custom research reports along with growth consulting
services. Our business intelligence and industry research reports offer clients
with penetrative insights and actionable market data specially designed and
presented to aid strategic decision making. These exhaustive reports are
designed via a proprietary research methodology and are available for key
industries such as chemicals, advanced materials, technology, renewable energy
and biotechnology.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Connect with us twitter | LinkedIn | Facebook | Google+
Acoustic Insulation Market Its Competitive Analysis Between 2019 – 2025
Reviewed by GMI
on
June 26, 2019
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