(MENAFN- America News Hour) Acoustic Insulation market Overview
The Global Acoustic Insulation market research report
gives an in-depth evaluation of the sectors for the forecast years from
2019-2026. The Acoustic Insulation sector report comprises the market size,
CAGR, market share, end-user applications, and future growth trends. The market
research on Acoustic Insulation is definite but involves all essential market
information that is vital to a customer of the industry.
The acoustic insulation market is projected to register a
CAGR of 5.3% in terms of value, from 2019 to reach USD 17.93 Billion by
2026. This is due to the increasing
application of the product in the building & construction, automotive, and
aerospace & defense sector, among others. Acoustic insulation in buildings is
necessary to make it soundproof to prevent any outside sound from getting into
the room. Demand for soundproofing has increased in cities owing to dense
population as well as the occurrence of buildings, which are closely located to
each other. Moreover, an increase in the number of automobiles has been
instrumental in causing noise pollution in cities, which in turn, is driving
the product demand in the building and construction sector. In commercial
buildings such as offices, soundproofing is required to maintain the noise
level at the minimum to improve the productivity of the employees.
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and facts and figures) of the Acoustic Insulation market report, [email protected] https://www.marketexpertz.com/sample-enquiry-form/83638
The following manufacturers have been studied in this
report by assessing the sales, gross revenue, and market share for each
company:
Saint-Gobain, Rockwool
International, Knauf Insulation, Johns Manville, Owens Corning, Paroc Group,
Kingspan Group, Armacell International, BASF SE, and Fletcher Insulation, among
others.
Increasing construction
spending and rapid rate of industrialization in the developing countries
including China, India, Mexico, Saudi Arabia, and Brazil, among others are
expected to drive the market growth in the upcoming years. Strict regulatory
codes for buildings and surging demand for energy-efficient buildings with
acoustic dampening is anticipated to propel the market growth in the future.
Increasing awareness pertaining
to health as well as the rise in the standard of living of the people is
forecasted to drive the growth of the market in the upcoming years. However,
stagnant growth of industries in developed nations along with the high cost of
acoustic insulation in buildings may create hindrances in the growth of the
market in the period 2019-2026.
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Segments covered in
the report:
Product Type Outlook
(Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
- Fiberglass/Glass Wool
- Rock Wool
- Foamed Plastic
- EPS
- XPS
- Others
Form Outlook (Volume,
Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
- Blankets
- Batts
- Panels
- Others
Industry Vertical
Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
- Building & Construction
- Automotive
- Aerospace & Defense
- Others
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Salient Trends of the Acoustic Materials Market
- Surging demand for green
buildings and increased investment in infrastructural projects in emerging
nations is likely to open a window of opportunities for the players in the
soundproof curtains market.
- The federal healthcare privacy
law or the Health Insurance and Portability Act has made it mandatory for
healthcare institutions to make sure that patient information remains strictly
private. The legal legislation, as well as the perceived needs of their
patients, are pushing health care facilities from hospitals to clinics to
doctors' offices to look for effective soundproofing solutions.
- Ultra-modern window technology
with durable PVC-U profiles and special functional glazing offers effective
acoustic insulation for noise control.
- Increasing demand for sound
absorption materials in the entertainment industry, such as music studios,
cinema halls, corporate workplaces, and auditoriums are estimated to stimulate
market demand in the upcoming years.
- Spiraling demand for improved
noise, vibration, and harshness (NVH) levels from the automotive consumers as
well as high competition between automotive manufacturers for the deployment of
the product is likely to propel the market growth in the forecast period.
Regional Landscape Analysis for Acoustic
Insulation Market:
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South
Africa)
Market-O-Nomics:
- The valuation for the acoustic
insulation market was USD 11.79 billion in 2018, and it is expected to reach
USD 17.93 billion by 2026.
- By product type, foamed plastics
contributed to the largest market share in 2018 and is likely to witness a
growth rate of 5.0% in the forecast period, due to excellent sound absorbing
and vibration dampening qualities.
- By form, panels held a
substantial share of the market in 2018. Acoustic panels are intended to absorb
sound waves, instead of blocking sound transfer from room to room, which
reduces echoes and reverberation inside a space. These panels are made of mineral
fiber or gypsum cores enclosed in a decorative vinyl or fabric cover. When hung
on a wall, suspended from a ceiling, or used as stand-alone partitions, these
panels can absorb up to 95.0% of sound.
- By application, the automotive
sector is forecasted to experience the fastest growth rate of 6.4% in the
period 2019-2026, due to the increasing demand for acoustic insulation in
vehicles.
- The market in Europe is
expected to grow at a rate of 4.9% in the forecast period. The occurrence of
stringent regulation soundproofing of buildings, noise control for
transportation and industrial equipment, among others are driving the market
growth in the region.
- North America region is
forecasted to witness a CAGR of 5.0% in the forecast period.
- In May 2019, Saint-Gobain, a
leading player in the market, acquired Pritex, a key company in acoustic and
thermal insulation solutions. This acquisition is expected to enable the
Mobility business unit of Saint-Gobain High Performance Solutions to grow into
a provider of solutions in the mobility market for safety, comfort, and
energy-saving.
- In August 2018, Armacell, a
leading player in flexible foam for the equipment insulation market and a key
supplier of engineered foams, acquired Guarto SRL, an Italian producer of
acoustic insulation solutions. The products of Guarto SRL are primarily
deployed in the rail and marine markets, and to some extent in the automotive
and construction industry.
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The report will offer a clear view of each and every fact
relating to the industry, rendering it unnecessary to refer to any other source
of information or a data source. Our report will deliver all details relating
to the historical development, existing scenario, and accurate insights into
the Acoustic Insulation Market.
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