Acoustic Insulation Market

Acoustic Insulation Market worth $15 billion by 2022

The global Acoustic Insulation Market size is estimated to grow from USD 11.3 billion in 2017 to USD 15 billion by 2022, at a CAGR of 5.8%. Acoustic insulation is used to reduce noise pollution and provide a safer work environment in areas where noise could cause severe hearing damage. The use of such insulation also helps improve personal comfort and privacy in the workplace or at home.

Acoustic insulation has high density, excellent sound absorption, fire resistance, heat insulation, and moisture & water repellency characteristics. With the large-scale expansion of the building & construction sector and the increasing need for safety and comfort, the demand for acoustic insulation has grown significantly.

Browse 75 market data Tables and 34 Figures spread through 127 Pages and in-depth TOC on "Acoustic Insulation Market by Type (Glass Wool, Rock Wool, Foamed Plastics), End-Use Industry (Building & Construction, Transportation, Manufacturing & Processing), and Region (Asia Pacific, Europe, North America) - Global Forecast to 2022"

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/acoustic-insulation-market-41399747.html

The building & construction industry is estimated to lead the acoustic insulation market

The building & construction industry is the largest consumer of acoustic insulation. With the implementation of stringent environmental regulations regarding noise pollution, the designs of buildings have changed drastically over the past few decades. This has fueled the demand for acoustic insulation in the building & construction industry. The overall growth of the building & construction industry also supports the development of the market.

The transportation industry is projected to be the fastest-growing end user of acoustic insulation during the forecast period

The acoustic insulation market in the transportation sector is expected to witness the highest growth during the forecast period. Increasingly stringent regulations related to noise pollution support the growth of the market in this end-use industry. Moreover, the growing demand for luxury vehicles has also increased the use of acoustic insulation. Such insulation is used mostly in door trim panels, instrument panels, trunks, and headliners of vehicles.

Europe is expected to dominate the acoustic insulation market during the forecast period

Europe dominates the global acoustic insulation market. However, the Asia Pacific acoustic insulation market is projected to witness the highest growth rate during the period between 2017 and 2022. The region is experiencing an increasing demand for acoustic insulation from the building & construction, transportation, and manufacturing & processing sectors.

Rockwool International (Denmark), Saint-Gobain (France), Knauf Insulation (Germany), Owens Corning (US), Johns Manville Inc. (US), Paroc Group (Finland), Armacell International (Germany), Kingspan Group (Ireland), Fletcher Insulation (Australia), and BASF (Germany) are some of the key players of the acoustic insulation industry.

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Report Code
CH 3020
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7/25/2019
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