HOME Research Insight Saint-Gobain (France) and Rockwool International (Denmark) are the Key Players in the Acoustic Insulation Market

Saint-Gobain (France) and Rockwool International (Denmark) are the Key Players in the Acoustic Insulation Market

Increasing industrial advancements, technological advancements, and demand for efficient products with excellent sound absorption properties have led various end-use industries to focus on acoustic insulation, thus leading to a rise in its demand. It is widely used in both building & construction and transportation industry (auditoriums, class rooms, media labs, conference halls, lounge & bars, recording studios, disco party halls, door trim panels, door hole seals, vehicle pillars, instrument panels, parcel trays, vehicle trunk, and so on). The global acoustic insulation market is projected to reach USD 15.01 Billion by 2022, registering a CAGR of 5.8% between 2017 and 2022. The increasing demand in transportation segment is owing to the soundproofing provided by acoustic insulation against installed sound systems, engines, other machinery sounds, and external noise. However, the lack of proper disposing and recycling techniques is the key challenges faced by the manufacturers of acoustic insulation.

Key companies profiled in this report are Saint-Gobain (France), Rockwool International (Denmark), Knauf Insulation (Germany), Johns Manville Inc. (US), Owens Corning (US), Paroc Group (Finland), Kingspan Group (Ireland), Armacell International (Germany), BASF (Germany), and Fletcher Insulation (Australia). Rapid technological upgrades in the building & construction industry, coupled with improving standard of living of consumers in developing regions, have encouraged the companies to adopt several business strategies to stay competitive in the global market between 2014 and 2017. Leading companies have adopted acquisitions, joint venture, agreements, new product launches, and regional expansions as their key growth strategies in the global acoustic insulation market.

Saint-Gobain is the leading construction product manufacturing company which designs, produces, and markets building construction materials. The company offers solutions for the major challenges of energy efficiency and environmental protection. The company follows strategies such as expansions and acquisitions to increase its global market share. In June 2016, the company increased its previously acquired share (from 74.9% to 100%) of its subsidiary, ISOROC (Russia), a producer of heat and acoustic insulation. The plant's capacity exceeds 100,000 tons/year. This development will help the company increase its revenue from the region.

Rockwool International A/S develops and manufactures products and systems based on rock wool. It focuses on building-related products for the insulation industry such as acoustic ceilings and cladding boards. The company mainly follows strategies such as new product launches and expansions to increase its services for the current customer base and optimize its production network. In June 2016, the company started its new production line in Cigacice (Poland), with an investment of USD 89 million. This development will enable the company to increase its production efficiency and improve its product quality with the latest technology installed.

Related Reports:

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

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